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Home Automotive and Transportation Electric Drives Market Size, Top Trends, Share to 2031

Electric Drives Market

Electric Drives Market Size, Share & Trends Analysis Report By Product Type (AC, DC), By Sales Channel (Direct, Indirect), By Voltage (Low, Medium), By End-User (F&B, Metal and Mining, Chemicals, Oil and Gas, Power Generation, Packaging, Cement, Textile, Water and Wastewater, Paper and Pulp, Rubber and Plastic, Forestry and Woodwork, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRAT54878DR
Study Period 2019-2031 CAGR 4.42%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 23.98 Billion
Forecast Year 2031 Forecast Year Market Size USD 35.39 Billion
Largest Market Asia Pacific Fastest Growing Market Europe
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Market Segmentation

  1. Electric Drives Market, By Product Type (2021-2031)
    1. AC
    2. DC
  2. Electric Drives Market, By Sales Channel (2021-2031)
    1. Direct
    2. Indirect
  3. Electric Drives Market, By Voltage (2021-2031)
    1. Low
    2. Medium
  4. Electric Drives Market, By End-User (2021-2031)
    1. F&B
    2. Metal and Mining
    3. Chemicals
    4. Oil and Gas
    5. Power Generation
    6. Packaging
    7. Cement
    8. Textile
    9. Water and Wastewater
    10. Paper and Pulp
    11. Rubber and Plastic
    12. Forestry and Woodwork
    13. Others
    1. North America
      1. North America Electric Drives Market, By Product Type
        1. AC
          1. DC
          2. North America Electric Drives Market, By Sales Channel
            1. Direct
              1. Indirect
              2. North America Electric Drives Market, By Voltage
                1. Low
                  1. Medium
                  2. North America Electric Drives Market, By End-User
                    1. F&B
                      1. Metal and Mining
                        1. Chemicals
                          1. Oil and Gas
                            1. Power Generation
                              1. Packaging
                                1. Cement
                                  1. Textile
                                    1. Water and Wastewater
                                      1. Paper and Pulp
                                        1. Rubber and Plastic
                                          1. Forestry and Woodwork
                                            1. Others
                                            2. U.S.
                                              1. U.S. Electric Drives Market, By Product Type
                                                1. AC
                                                  1. DC
                                                  2. U.S. Electric Drives Market, By Sales Channel
                                                    1. Direct
                                                      1. Indirect
                                                      2. U.S. Electric Drives Market, By Voltage
                                                        1. Low
                                                          1. Medium
                                                          2. U.S. Electric Drives Market, By End-User
                                                            1. F&B
                                                              1. Metal and Mining
                                                                1. Chemicals
                                                                  1. Oil and Gas
                                                                    1. Power Generation
                                                                      1. Packaging
                                                                        1. Cement
                                                                          1. Textile
                                                                            1. Water and Wastewater
                                                                              1. Paper and Pulp
                                                                                1. Rubber and Plastic
                                                                                  1. Forestry and Woodwork
                                                                                    1. Others
                                                                                  2. Canada
                                                                                2. Europe
                                                                                  1. Europe Electric Drives Market, By Product Type
                                                                                    1. AC
                                                                                      1. DC
                                                                                      2. Europe Electric Drives Market, By Sales Channel
                                                                                        1. Direct
                                                                                          1. Indirect
                                                                                          2. Europe Electric Drives Market, By Voltage
                                                                                            1. Low
                                                                                              1. Medium
                                                                                              2. Europe Electric Drives Market, By End-User
                                                                                                1. F&B
                                                                                                  1. Metal and Mining
                                                                                                    1. Chemicals
                                                                                                      1. Oil and Gas
                                                                                                        1. Power Generation
                                                                                                          1. Packaging
                                                                                                            1. Cement
                                                                                                              1. Textile
                                                                                                                1. Water and Wastewater
                                                                                                                  1. Paper and Pulp
                                                                                                                    1. Rubber and Plastic
                                                                                                                      1. Forestry and Woodwork
                                                                                                                        1. Others
                                                                                                                        2. U.K.
                                                                                                                          1. U.K. Electric Drives Market, By Product Type
                                                                                                                            1. AC
                                                                                                                              1. DC
                                                                                                                              2. U.K. Electric Drives Market, By Sales Channel
                                                                                                                                1. Direct
                                                                                                                                  1. Indirect
                                                                                                                                  2. U.K. Electric Drives Market, By Voltage
                                                                                                                                    1. Low
                                                                                                                                      1. Medium
                                                                                                                                      2. U.K. Electric Drives Market, By End-User
                                                                                                                                        1. F&B
                                                                                                                                          1. Metal and Mining
                                                                                                                                            1. Chemicals
                                                                                                                                              1. Oil and Gas
                                                                                                                                                1. Power Generation
                                                                                                                                                  1. Packaging
                                                                                                                                                    1. Cement
                                                                                                                                                      1. Textile
                                                                                                                                                        1. Water and Wastewater
                                                                                                                                                          1. Paper and Pulp
                                                                                                                                                            1. Rubber and Plastic
                                                                                                                                                              1. Forestry and Woodwork
                                                                                                                                                                1. Others
                                                                                                                                                              2. Germany
                                                                                                                                                              3. France
                                                                                                                                                              4. Spain
                                                                                                                                                              5. Italy
                                                                                                                                                              6. Russia
                                                                                                                                                              7. Nordic
                                                                                                                                                              8. Benelux
                                                                                                                                                              9. Rest of Europe
                                                                                                                                                            2. APAC
                                                                                                                                                              1. APAC Electric Drives Market, By Product Type
                                                                                                                                                                1. AC
                                                                                                                                                                  1. DC
                                                                                                                                                                  2. APAC Electric Drives Market, By Sales Channel
                                                                                                                                                                    1. Direct
                                                                                                                                                                      1. Indirect
                                                                                                                                                                      2. APAC Electric Drives Market, By Voltage
                                                                                                                                                                        1. Low
                                                                                                                                                                          1. Medium
                                                                                                                                                                          2. APAC Electric Drives Market, By End-User
                                                                                                                                                                            1. F&B
                                                                                                                                                                              1. Metal and Mining
                                                                                                                                                                                1. Chemicals
                                                                                                                                                                                  1. Oil and Gas
                                                                                                                                                                                    1. Power Generation
                                                                                                                                                                                      1. Packaging
                                                                                                                                                                                        1. Cement
                                                                                                                                                                                          1. Textile
                                                                                                                                                                                            1. Water and Wastewater
                                                                                                                                                                                              1. Paper and Pulp
                                                                                                                                                                                                1. Rubber and Plastic
                                                                                                                                                                                                  1. Forestry and Woodwork
                                                                                                                                                                                                    1. Others
                                                                                                                                                                                                    2. China
                                                                                                                                                                                                      1. China Electric Drives Market, By Product Type
                                                                                                                                                                                                        1. AC
                                                                                                                                                                                                          1. DC
                                                                                                                                                                                                          2. China Electric Drives Market, By Sales Channel
                                                                                                                                                                                                            1. Direct
                                                                                                                                                                                                              1. Indirect
                                                                                                                                                                                                              2. China Electric Drives Market, By Voltage
                                                                                                                                                                                                                1. Low
                                                                                                                                                                                                                  1. Medium
                                                                                                                                                                                                                  2. China Electric Drives Market, By End-User
                                                                                                                                                                                                                    1. F&B
                                                                                                                                                                                                                      1. Metal and Mining
                                                                                                                                                                                                                        1. Chemicals
                                                                                                                                                                                                                          1. Oil and Gas
                                                                                                                                                                                                                            1. Power Generation
                                                                                                                                                                                                                              1. Packaging
                                                                                                                                                                                                                                1. Cement
                                                                                                                                                                                                                                  1. Textile
                                                                                                                                                                                                                                    1. Water and Wastewater
                                                                                                                                                                                                                                      1. Paper and Pulp
                                                                                                                                                                                                                                        1. Rubber and Plastic
                                                                                                                                                                                                                                          1. Forestry and Woodwork
                                                                                                                                                                                                                                            1. Others
                                                                                                                                                                                                                                          2. Korea
                                                                                                                                                                                                                                          3. Japan
                                                                                                                                                                                                                                          4. India
                                                                                                                                                                                                                                          5. Australia
                                                                                                                                                                                                                                          6. Taiwan
                                                                                                                                                                                                                                          7. South East Asia
                                                                                                                                                                                                                                          8. Rest of Asia-Pacific
                                                                                                                                                                                                                                        2. Middle East and Africa
                                                                                                                                                                                                                                          1. Middle East and Africa Electric Drives Market, By Product Type
                                                                                                                                                                                                                                            1. AC
                                                                                                                                                                                                                                              1. DC
                                                                                                                                                                                                                                              2. Middle East and Africa Electric Drives Market, By Sales Channel
                                                                                                                                                                                                                                                1. Direct
                                                                                                                                                                                                                                                  1. Indirect
                                                                                                                                                                                                                                                  2. Middle East and Africa Electric Drives Market, By Voltage
                                                                                                                                                                                                                                                    1. Low
                                                                                                                                                                                                                                                      1. Medium
                                                                                                                                                                                                                                                      2. Middle East and Africa Electric Drives Market, By End-User
                                                                                                                                                                                                                                                        1. F&B
                                                                                                                                                                                                                                                          1. Metal and Mining
                                                                                                                                                                                                                                                            1. Chemicals
                                                                                                                                                                                                                                                              1. Oil and Gas
                                                                                                                                                                                                                                                                1. Power Generation
                                                                                                                                                                                                                                                                  1. Packaging
                                                                                                                                                                                                                                                                    1. Cement
                                                                                                                                                                                                                                                                      1. Textile
                                                                                                                                                                                                                                                                        1. Water and Wastewater
                                                                                                                                                                                                                                                                          1. Paper and Pulp
                                                                                                                                                                                                                                                                            1. Rubber and Plastic
                                                                                                                                                                                                                                                                              1. Forestry and Woodwork
                                                                                                                                                                                                                                                                                1. Others
                                                                                                                                                                                                                                                                                2. UAE
                                                                                                                                                                                                                                                                                  1. UAE Electric Drives Market, By Product Type
                                                                                                                                                                                                                                                                                    1. AC
                                                                                                                                                                                                                                                                                      1. DC
                                                                                                                                                                                                                                                                                      2. UAE Electric Drives Market, By Sales Channel
                                                                                                                                                                                                                                                                                        1. Direct
                                                                                                                                                                                                                                                                                          1. Indirect
                                                                                                                                                                                                                                                                                          2. UAE Electric Drives Market, By Voltage
                                                                                                                                                                                                                                                                                            1. Low
                                                                                                                                                                                                                                                                                              1. Medium
                                                                                                                                                                                                                                                                                              2. UAE Electric Drives Market, By End-User
                                                                                                                                                                                                                                                                                                1. F&B
                                                                                                                                                                                                                                                                                                  1. Metal and Mining
                                                                                                                                                                                                                                                                                                    1. Chemicals
                                                                                                                                                                                                                                                                                                      1. Oil and Gas
                                                                                                                                                                                                                                                                                                        1. Power Generation
                                                                                                                                                                                                                                                                                                          1. Packaging
                                                                                                                                                                                                                                                                                                            1. Cement
                                                                                                                                                                                                                                                                                                              1. Textile
                                                                                                                                                                                                                                                                                                                1. Water and Wastewater
                                                                                                                                                                                                                                                                                                                  1. Paper and Pulp
                                                                                                                                                                                                                                                                                                                    1. Rubber and Plastic
                                                                                                                                                                                                                                                                                                                      1. Forestry and Woodwork
                                                                                                                                                                                                                                                                                                                        1. Others
                                                                                                                                                                                                                                                                                                                      2. Turkey
                                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                                                                      1. LATAM Electric Drives Market, By Product Type
                                                                                                                                                                                                                                                                                                                        1. AC
                                                                                                                                                                                                                                                                                                                          1. DC
                                                                                                                                                                                                                                                                                                                          2. LATAM Electric Drives Market, By Sales Channel
                                                                                                                                                                                                                                                                                                                            1. Direct
                                                                                                                                                                                                                                                                                                                              1. Indirect
                                                                                                                                                                                                                                                                                                                              2. LATAM Electric Drives Market, By Voltage
                                                                                                                                                                                                                                                                                                                                1. Low
                                                                                                                                                                                                                                                                                                                                  1. Medium
                                                                                                                                                                                                                                                                                                                                  2. LATAM Electric Drives Market, By End-User
                                                                                                                                                                                                                                                                                                                                    1. F&B
                                                                                                                                                                                                                                                                                                                                      1. Metal and Mining
                                                                                                                                                                                                                                                                                                                                        1. Chemicals
                                                                                                                                                                                                                                                                                                                                          1. Oil and Gas
                                                                                                                                                                                                                                                                                                                                            1. Power Generation
                                                                                                                                                                                                                                                                                                                                              1. Packaging
                                                                                                                                                                                                                                                                                                                                                1. Cement
                                                                                                                                                                                                                                                                                                                                                  1. Textile
                                                                                                                                                                                                                                                                                                                                                    1. Water and Wastewater
                                                                                                                                                                                                                                                                                                                                                      1. Paper and Pulp
                                                                                                                                                                                                                                                                                                                                                        1. Rubber and Plastic
                                                                                                                                                                                                                                                                                                                                                          1. Forestry and Woodwork
                                                                                                                                                                                                                                                                                                                                                            1. Others
                                                                                                                                                                                                                                                                                                                                                            2. Brazil
                                                                                                                                                                                                                                                                                                                                                              1. Brazil Electric Drives Market, By Product Type
                                                                                                                                                                                                                                                                                                                                                                1. AC
                                                                                                                                                                                                                                                                                                                                                                  1. DC
                                                                                                                                                                                                                                                                                                                                                                  2. Brazil Electric Drives Market, By Sales Channel
                                                                                                                                                                                                                                                                                                                                                                    1. Direct
                                                                                                                                                                                                                                                                                                                                                                      1. Indirect
                                                                                                                                                                                                                                                                                                                                                                      2. Brazil Electric Drives Market, By Voltage
                                                                                                                                                                                                                                                                                                                                                                        1. Low
                                                                                                                                                                                                                                                                                                                                                                          1. Medium
                                                                                                                                                                                                                                                                                                                                                                          2. Brazil Electric Drives Market, By End-User
                                                                                                                                                                                                                                                                                                                                                                            1. F&B
                                                                                                                                                                                                                                                                                                                                                                              1. Metal and Mining
                                                                                                                                                                                                                                                                                                                                                                                1. Chemicals
                                                                                                                                                                                                                                                                                                                                                                                  1. Oil and Gas
                                                                                                                                                                                                                                                                                                                                                                                    1. Power Generation
                                                                                                                                                                                                                                                                                                                                                                                      1. Packaging
                                                                                                                                                                                                                                                                                                                                                                                        1. Cement
                                                                                                                                                                                                                                                                                                                                                                                          1. Textile
                                                                                                                                                                                                                                                                                                                                                                                            1. Water and Wastewater
                                                                                                                                                                                                                                                                                                                                                                                              1. Paper and Pulp
                                                                                                                                                                                                                                                                                                                                                                                                1. Rubber and Plastic
                                                                                                                                                                                                                                                                                                                                                                                                  1. Forestry and Woodwork
                                                                                                                                                                                                                                                                                                                                                                                                    1. Others
                                                                                                                                                                                                                                                                                                                                                                                                  2. Mexico
                                                                                                                                                                                                                                                                                                                                                                                                  3. Argentina
                                                                                                                                                                                                                                                                                                                                                                                                  4. Chile
                                                                                                                                                                                                                                                                                                                                                                                                  5. Colombia
                                                                                                                                                                                                                                                                                                                                                                                                  6. Rest of LATAM

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