Home > Media & Technology > Information Technology > Tech Infrastructure > Integrated Drive Systems Market

Integrated Drive Systems Market Share

Report ID: GMI9326
Published Date: May 2024
Report Format: PDF

Download Free Sample

Integrated Drive Systems Market Share

ABB Ltd. and Siemens AG hold a significant share of over 10% in the integrated drive systems industry. ABB Ltd. holds a significant market share in Integrated Drive Systems due to its extensive portfolio of reliable and energy-efficient motor, drive, and automation technologies. Known for innovation and quality, ABB integrates these components seamlessly, providing customized solutions that enhance operational efficiency and reduce energy costs across various industries, solidifying its leadership in a competitive global market.

Siemens AG commands a major market share in the Integrated Drive Systems market because of its comprehensive, technologically advanced product range that includes high-quality motors, drives, and control systems. Siemens excels in providing highly efficient and scalable solutions tailored to industrial demands, coupled with strong global service networks and a focus on digitalization and automation enhancements, making it a preferred choice for many industries.

Integrated Drive Systems Market Companies

Major players operating in the integrated drive systems industry are:

ABB Ltd.
Siemens AG
Schneider Electric SE
Rockwell Automation, Inc.
Mitsubishi Electric Corporation
Bosch Rexroth AG
Yaskawa Electric Corporation

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of integrated drive systems was reached USD 39.5 billion in 2023 and is expected to register over 7% CAGR from 2024 to 2032, owing to the growing adoption of integrated drive systems in industrial applications worldwide.

Integrated drive systems industry from the software segment is expected to register 8.5% CAGR from 2024 to 2032, due to a growing need for advanced control and monitoring capabilities to optimize system performance, improve efficiency, and reduce downtime.

North America integrated drive systems industry held over 30% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to a strong presence of industries such as automotive, aerospace, manufacturing, and food processing, in the region.

ABB Ltd., Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., Mitsubishi Electric Corporation, Bosch Rexroth AG, and Yaskawa Electric Corporation, are some of the major integrated drive systems companies worldwide.