Key Insights
The North American electric drives market, encompassing AC, DC, and servo drives across various voltage levels, is experiencing robust growth, fueled by increasing automation across diverse end-user industries. The market's expansion is primarily driven by the rising demand for energy-efficient solutions in sectors like oil & gas, chemical & petrochemical, and manufacturing. Automation initiatives, particularly within smart factories and Industry 4.0 implementations, are significantly boosting the adoption of electric drives. Furthermore, stringent government regulations aimed at reducing carbon emissions and improving energy efficiency are further propelling market growth. The United States, being a major manufacturing hub and a key player in the oil & gas sector, constitutes the largest share of the North American market. Canada, while smaller, is also witnessing considerable growth driven by its strong resource extraction industries and increasing investments in renewable energy projects. The competitive landscape is characterized by the presence of both established global players like Rockwell Automation, ABB, and Siemens, and specialized regional players. This intense competition fosters innovation and drives down costs, making electric drives more accessible across various applications. The market segmentation by drive type (AC, DC, Servo) and voltage level (low, medium) reflects the diverse technological requirements across different applications. This segmental diversity also presents opportunities for specialized players catering to niche requirements.
Looking forward, the North American electric drives market is projected to maintain a healthy growth trajectory, driven by ongoing investments in automation and digitalization, particularly within the manufacturing and energy sectors. The increasing adoption of advanced control systems and the integration of electric drives with smart grids are poised to further augment market growth. However, challenges such as high initial investment costs for advanced electric drive systems and the potential for supply chain disruptions could impact market expansion. The forecast period, 2025-2033, anticipates a consistent market expansion, influenced by continued technological advancements, improved energy efficiency standards, and the sustained demand for automation solutions across multiple industrial verticals. Specific regional growth rates may vary based on factors such as government policies, economic conditions, and industrial activity.
North America Electric Drives Market Report: 2019-2033
This comprehensive report provides an in-depth analysis of the North America (NA) electric drives market, encompassing the parent market of industrial automation and the child market of electric motor control systems. It offers a detailed examination of market dynamics, growth trends, regional performance, key players, and future outlook from 2019 to 2033, with a base year of 2025 and forecast period of 2025-2033. The market is segmented by end-user industry, country, type, and voltage, providing granular insights for strategic decision-making. The report includes a detailed analysis of major market players such as Rockwell Automation, ABB Ltd, Fuji Electric Co Ltd, Danfoss, Toshiba International Corporation, Nidec Corporation, Emerson Electric Co, Mitsubishi Electric Corporation, Siemens AG, and Schneider Electric.
NA Electric Drives Market Dynamics & Structure
This section analyzes the NA electric drives market's competitive landscape, technological advancements, regulatory influences, and market trends. The market is characterized by a moderately concentrated structure with several major players holding significant market share. However, the presence of numerous smaller players and continuous technological innovations contribute to a dynamic environment.
- Market Concentration: The top 10 players account for approximately xx% of the market share in 2025. (Data needed)
- Technological Innovation: Continuous advancements in power electronics, control algorithms, and digital technologies are key drivers of market growth. The integration of IoT and AI is further enhancing the capabilities of electric drives.
- Regulatory Framework: Government regulations promoting energy efficiency and reducing carbon emissions are influencing the adoption of energy-efficient electric drives.
- Competitive Product Substitutes: While electric drives are dominant, competing technologies such as hydraulic and pneumatic systems exist in niche applications.
- End-User Demographics: The manufacturing sector, particularly oil & gas, chemicals, and food & beverage, are major consumers of electric drives.
- M&A Trends: The past five years have witnessed xx M&A deals in the NA electric drives market, primarily focused on expanding product portfolios and geographic reach. (Data needed)
The market is facing some challenges, including the high initial investment cost of advanced electric drives and the need for skilled technicians for installation and maintenance.
NA Electric Drives Market Growth Trends & Insights
The NA electric drives market experienced substantial growth during the historical period (2019-2024), driven by increasing automation across various industries. The market is projected to maintain a healthy CAGR of xx% during the forecast period (2025-2033), reaching a market size of xx million units by 2033. This growth is fueled by several factors: increasing industrial automation, rising demand for energy-efficient solutions, and the growing adoption of advanced control systems in various applications. Technological disruptions, such as the introduction of high-efficiency motors and advanced control algorithms, are further accelerating market growth.
The adoption rate of electric drives is projected to increase steadily across different end-user industries. The market penetration of advanced technologies like servo drives is also growing at a significant rate, driven by the increasing demand for precision and control in automated processes. Consumer behavior shifts towards sustainable and energy-efficient solutions are also supporting the market's growth trajectory.
Dominant Regions, Countries, or Segments in NA Electric Drives Market
The United States dominates the NA electric drives market, accounting for xx% of the total market share in 2025. (Data needed) This dominance is primarily attributed to its robust industrial base, high automation levels, and significant investments in infrastructure development. Canada also holds a significant share but lags behind the US. Within the segment breakdown:
- By End-user Industry: The oil & gas, chemical & petrochemical, and food & beverage sectors are the largest consumers, due to high automation needs in their processes.
- By Type: AC drives constitute the largest segment, followed by servo drives. The demand for precise motion control is driving the growth of servo drive segment.
- By Voltage: Medium voltage drives hold a larger share in high-power applications, while low voltage drives are dominant in smaller applications.
Key drivers for market dominance include:
- Robust Industrial Base: The high concentration of manufacturing industries fuels the demand for electric drives.
- Government Initiatives: Policies promoting energy efficiency and automation initiatives support market growth.
- Technological Advancements: Continuous innovation in electric drive technology enhances performance and efficiency.
NA Electric Drives Market Product Landscape
The NA electric drives market showcases a diverse range of products, including AC drives, DC drives, and servo drives, each tailored to specific applications. Recent innovations focus on improving energy efficiency, enhancing control precision, and simplifying integration with industrial automation systems. Key features include advanced control algorithms, integrated safety features, and improved communication protocols for seamless data exchange. Manufacturers are focusing on developing compact, lightweight, and easily integrable electric drives to cater to the diverse requirements of various industries.
Key Drivers, Barriers & Challenges in NA Electric Drives Market
Key Drivers:
- Increasing automation in various industries.
- Growing demand for energy-efficient solutions.
- Rising adoption of advanced control systems.
- Government regulations promoting energy efficiency.
Key Challenges:
- High initial investment costs.
- Need for specialized technical expertise.
- Intense competition from established and emerging players.
- Potential supply chain disruptions.
Emerging Opportunities in NA Electric Drives Market
The NA electric drives market presents several emerging opportunities:
- Growing demand for energy-efficient drives in the renewable energy sector.
- Increased adoption of electric drives in smart factories and Industry 4.0 applications.
- Expanding applications in robotics and automation.
- Development of advanced control algorithms for improved precision and efficiency.
Growth Accelerators in the NA Electric Drives Market Industry
Long-term growth in the NA electric drives market will be propelled by several factors, including continued technological advancements, strategic partnerships and collaborations between manufacturers and end-users, expansion into new markets (such as renewable energy and electric vehicles) and government regulations to improve industrial efficiency.
Key Players Shaping the NA Electric Drives Market Market
- Rockwell Automation
- ABB Ltd
- Fuji Electric Co Ltd
- Danfoss
- Toshiba International Corporation
- Nidec Corporation
- Emerson Electric Co
- Mitsubishi Electric Corporation
- Siemens AG
- Schneider Electric
Notable Milestones in NA Electric Drives Market Sector
- March 2021: Yaskawa Electric Corporation introduced the "-X Series" of AC servo drives, enhancing functionality and performance with advanced sensor data integration.
In-Depth NA Electric Drives Market Market Outlook
The future of the NA electric drives market appears promising, driven by sustained industrial growth, technological innovation, and a growing focus on energy efficiency. Strategic investments in R&D, strategic partnerships, and expansion into new applications will be crucial for sustained success. The market is poised for continued growth, presenting significant opportunities for established players and new entrants alike.
NA Electric Drives Market Segmentation
-
1. Type
- 1.1. AC Drives
- 1.2. DC Drives
- 1.3. Servo Drives
-
2. Voltage
- 2.1. Low
- 2.2. Medium
-
3. End-user Industry
- 3.1. Oil & Gas
- 3.2. Chemical & Petrochemical
- 3.3. Food & Beverage
- 3.4. Water & Wastewater
- 3.5. Power Generation
- 3.6. Metal & Mining
- 3.7. Pulp & Paper
- 3.8. HVAC
- 3.9. Discrete Industries
- 3.10. Other End-user Industries
NA Electric Drives Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
NA Electric Drives Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 6.79% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Adoption of Automation; Signficant Growth in Manufacturing Sector
- 3.3. Market Restrains
- 3.3.1. High Costs of Electric Drive
- 3.4. Market Trends
- 3.4.1. Servo Drives are Analyzed to Hold Significant Share
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. AC Drives
- 5.1.2. DC Drives
- 5.1.3. Servo Drives
- 5.2. Market Analysis, Insights and Forecast - by Voltage
- 5.2.1. Low
- 5.2.2. Medium
- 5.3. Market Analysis, Insights and Forecast - by End-user Industry
- 5.3.1. Oil & Gas
- 5.3.2. Chemical & Petrochemical
- 5.3.3. Food & Beverage
- 5.3.4. Water & Wastewater
- 5.3.5. Power Generation
- 5.3.6. Metal & Mining
- 5.3.7. Pulp & Paper
- 5.3.8. HVAC
- 5.3.9. Discrete Industries
- 5.3.10. Other End-user Industries
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. North America
- 5.4.2. South America
- 5.4.3. Europe
- 5.4.4. Middle East & Africa
- 5.4.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. AC Drives
- 6.1.2. DC Drives
- 6.1.3. Servo Drives
- 6.2. Market Analysis, Insights and Forecast - by Voltage
- 6.2.1. Low
- 6.2.2. Medium
- 6.3. Market Analysis, Insights and Forecast - by End-user Industry
- 6.3.1. Oil & Gas
- 6.3.2. Chemical & Petrochemical
- 6.3.3. Food & Beverage
- 6.3.4. Water & Wastewater
- 6.3.5. Power Generation
- 6.3.6. Metal & Mining
- 6.3.7. Pulp & Paper
- 6.3.8. HVAC
- 6.3.9. Discrete Industries
- 6.3.10. Other End-user Industries
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. South America NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. AC Drives
- 7.1.2. DC Drives
- 7.1.3. Servo Drives
- 7.2. Market Analysis, Insights and Forecast - by Voltage
- 7.2.1. Low
- 7.2.2. Medium
- 7.3. Market Analysis, Insights and Forecast - by End-user Industry
- 7.3.1. Oil & Gas
- 7.3.2. Chemical & Petrochemical
- 7.3.3. Food & Beverage
- 7.3.4. Water & Wastewater
- 7.3.5. Power Generation
- 7.3.6. Metal & Mining
- 7.3.7. Pulp & Paper
- 7.3.8. HVAC
- 7.3.9. Discrete Industries
- 7.3.10. Other End-user Industries
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Europe NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. AC Drives
- 8.1.2. DC Drives
- 8.1.3. Servo Drives
- 8.2. Market Analysis, Insights and Forecast - by Voltage
- 8.2.1. Low
- 8.2.2. Medium
- 8.3. Market Analysis, Insights and Forecast - by End-user Industry
- 8.3.1. Oil & Gas
- 8.3.2. Chemical & Petrochemical
- 8.3.3. Food & Beverage
- 8.3.4. Water & Wastewater
- 8.3.5. Power Generation
- 8.3.6. Metal & Mining
- 8.3.7. Pulp & Paper
- 8.3.8. HVAC
- 8.3.9. Discrete Industries
- 8.3.10. Other End-user Industries
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Middle East & Africa NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. AC Drives
- 9.1.2. DC Drives
- 9.1.3. Servo Drives
- 9.2. Market Analysis, Insights and Forecast - by Voltage
- 9.2.1. Low
- 9.2.2. Medium
- 9.3. Market Analysis, Insights and Forecast - by End-user Industry
- 9.3.1. Oil & Gas
- 9.3.2. Chemical & Petrochemical
- 9.3.3. Food & Beverage
- 9.3.4. Water & Wastewater
- 9.3.5. Power Generation
- 9.3.6. Metal & Mining
- 9.3.7. Pulp & Paper
- 9.3.8. HVAC
- 9.3.9. Discrete Industries
- 9.3.10. Other End-user Industries
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Asia Pacific NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. AC Drives
- 10.1.2. DC Drives
- 10.1.3. Servo Drives
- 10.2. Market Analysis, Insights and Forecast - by Voltage
- 10.2.1. Low
- 10.2.2. Medium
- 10.3. Market Analysis, Insights and Forecast - by End-user Industry
- 10.3.1. Oil & Gas
- 10.3.2. Chemical & Petrochemical
- 10.3.3. Food & Beverage
- 10.3.4. Water & Wastewater
- 10.3.5. Power Generation
- 10.3.6. Metal & Mining
- 10.3.7. Pulp & Paper
- 10.3.8. HVAC
- 10.3.9. Discrete Industries
- 10.3.10. Other End-user Industries
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. North America NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 11.1.1 United States
- 11.1.2 Canada
- 12. Europe NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 12.1.1 United Kingdom
- 12.1.2 Germany
- 12.1.3 France
- 12.1.4 Rest of Europe
- 13. Asia Pacific NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 13.1.1 China
- 13.1.2 India
- 13.1.3 Japan
- 13.1.4 Rest of Asia Pacific
- 14. Rest of the World NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 14.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 14.1.1. Middle East
- 15. Latin America NA Electric Drives Market Analysis, Insights and Forecast, 2019-2031
- 15.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 15.1.1.
- 16. Competitive Analysis
- 16.1. Global Market Share Analysis 2024
- 16.2. Company Profiles
- 16.2.1 Rockwell Automation
- 16.2.1.1. Overview
- 16.2.1.2. Products
- 16.2.1.3. SWOT Analysis
- 16.2.1.4. Recent Developments
- 16.2.1.5. Financials (Based on Availability)
- 16.2.2 ABB Ltd
- 16.2.2.1. Overview
- 16.2.2.2. Products
- 16.2.2.3. SWOT Analysis
- 16.2.2.4. Recent Developments
- 16.2.2.5. Financials (Based on Availability)
- 16.2.3 Fuji Electric Co Ltd *List Not Exhaustive
- 16.2.3.1. Overview
- 16.2.3.2. Products
- 16.2.3.3. SWOT Analysis
- 16.2.3.4. Recent Developments
- 16.2.3.5. Financials (Based on Availability)
- 16.2.4 Danfoss
- 16.2.4.1. Overview
- 16.2.4.2. Products
- 16.2.4.3. SWOT Analysis
- 16.2.4.4. Recent Developments
- 16.2.4.5. Financials (Based on Availability)
- 16.2.5 Toshiba International Corporation
- 16.2.5.1. Overview
- 16.2.5.2. Products
- 16.2.5.3. SWOT Analysis
- 16.2.5.4. Recent Developments
- 16.2.5.5. Financials (Based on Availability)
- 16.2.6 Nidec Corporation
- 16.2.6.1. Overview
- 16.2.6.2. Products
- 16.2.6.3. SWOT Analysis
- 16.2.6.4. Recent Developments
- 16.2.6.5. Financials (Based on Availability)
- 16.2.7 Emerson Electric Co
- 16.2.7.1. Overview
- 16.2.7.2. Products
- 16.2.7.3. SWOT Analysis
- 16.2.7.4. Recent Developments
- 16.2.7.5. Financials (Based on Availability)
- 16.2.8 Mitsubishi Electric Corporation
- 16.2.8.1. Overview
- 16.2.8.2. Products
- 16.2.8.3. SWOT Analysis
- 16.2.8.4. Recent Developments
- 16.2.8.5. Financials (Based on Availability)
- 16.2.9 Siemens AG
- 16.2.9.1. Overview
- 16.2.9.2. Products
- 16.2.9.3. SWOT Analysis
- 16.2.9.4. Recent Developments
- 16.2.9.5. Financials (Based on Availability)
- 16.2.10 Schneider Electric
- 16.2.10.1. Overview
- 16.2.10.2. Products
- 16.2.10.3. SWOT Analysis
- 16.2.10.4. Recent Developments
- 16.2.10.5. Financials (Based on Availability)
- 16.2.1 Rockwell Automation
List of Figures
- Figure 1: Global NA Electric Drives Market Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: North America NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 3: North America NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 4: Europe NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 5: Europe NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 6: Asia Pacific NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 7: Asia Pacific NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 8: Rest of the World NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 9: Rest of the World NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 10: Latin America NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 11: Latin America NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 12: North America NA Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 13: North America NA Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 14: North America NA Electric Drives Market Revenue (Million), by Voltage 2024 & 2032
- Figure 15: North America NA Electric Drives Market Revenue Share (%), by Voltage 2024 & 2032
- Figure 16: North America NA Electric Drives Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 17: North America NA Electric Drives Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 18: North America NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 19: North America NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 20: South America NA Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 21: South America NA Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 22: South America NA Electric Drives Market Revenue (Million), by Voltage 2024 & 2032
- Figure 23: South America NA Electric Drives Market Revenue Share (%), by Voltage 2024 & 2032
- Figure 24: South America NA Electric Drives Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 25: South America NA Electric Drives Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 26: South America NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 27: South America NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 28: Europe NA Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 29: Europe NA Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 30: Europe NA Electric Drives Market Revenue (Million), by Voltage 2024 & 2032
- Figure 31: Europe NA Electric Drives Market Revenue Share (%), by Voltage 2024 & 2032
- Figure 32: Europe NA Electric Drives Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 33: Europe NA Electric Drives Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 34: Europe NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 35: Europe NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 36: Middle East & Africa NA Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 37: Middle East & Africa NA Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 38: Middle East & Africa NA Electric Drives Market Revenue (Million), by Voltage 2024 & 2032
- Figure 39: Middle East & Africa NA Electric Drives Market Revenue Share (%), by Voltage 2024 & 2032
- Figure 40: Middle East & Africa NA Electric Drives Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 41: Middle East & Africa NA Electric Drives Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 42: Middle East & Africa NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 43: Middle East & Africa NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
- Figure 44: Asia Pacific NA Electric Drives Market Revenue (Million), by Type 2024 & 2032
- Figure 45: Asia Pacific NA Electric Drives Market Revenue Share (%), by Type 2024 & 2032
- Figure 46: Asia Pacific NA Electric Drives Market Revenue (Million), by Voltage 2024 & 2032
- Figure 47: Asia Pacific NA Electric Drives Market Revenue Share (%), by Voltage 2024 & 2032
- Figure 48: Asia Pacific NA Electric Drives Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 49: Asia Pacific NA Electric Drives Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 50: Asia Pacific NA Electric Drives Market Revenue (Million), by Country 2024 & 2032
- Figure 51: Asia Pacific NA Electric Drives Market Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global NA Electric Drives Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global NA Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 3: Global NA Electric Drives Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 4: Global NA Electric Drives Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 5: Global NA Electric Drives Market Revenue Million Forecast, by Region 2019 & 2032
- Table 6: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 7: United States NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Canada NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 10: United Kingdom NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Germany NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: France NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Rest of Europe NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 15: China NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: India NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 17: Japan NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: Rest of Asia Pacific NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 19: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 20: Middle East NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 21: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 22: NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 23: Global NA Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 24: Global NA Electric Drives Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 25: Global NA Electric Drives Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 26: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 27: United States NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 28: Canada NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 29: Mexico NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 30: Global NA Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 31: Global NA Electric Drives Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 32: Global NA Electric Drives Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 33: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 34: Brazil NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 35: Argentina NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 36: Rest of South America NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 37: Global NA Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 38: Global NA Electric Drives Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 39: Global NA Electric Drives Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 40: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 41: United Kingdom NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 42: Germany NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 43: France NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 44: Italy NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 45: Spain NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 46: Russia NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 47: Benelux NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 48: Nordics NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 49: Rest of Europe NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 50: Global NA Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 51: Global NA Electric Drives Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 52: Global NA Electric Drives Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 53: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 54: Turkey NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 55: Israel NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 56: GCC NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 57: North Africa NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 58: South Africa NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 59: Rest of Middle East & Africa NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 60: Global NA Electric Drives Market Revenue Million Forecast, by Type 2019 & 2032
- Table 61: Global NA Electric Drives Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 62: Global NA Electric Drives Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 63: Global NA Electric Drives Market Revenue Million Forecast, by Country 2019 & 2032
- Table 64: China NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 65: India NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 66: Japan NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 67: South Korea NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 68: ASEAN NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 69: Oceania NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 70: Rest of Asia Pacific NA Electric Drives Market Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the NA Electric Drives Market?
The projected CAGR is approximately 6.79%.
2. Which companies are prominent players in the NA Electric Drives Market?
Key companies in the market include Rockwell Automation, ABB Ltd, Fuji Electric Co Ltd *List Not Exhaustive, Danfoss, Toshiba International Corporation, Nidec Corporation, Emerson Electric Co, Mitsubishi Electric Corporation, Siemens AG, Schneider Electric.
3. What are the main segments of the NA Electric Drives Market?
The market segments include Type, Voltage, End-user Industry.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Adoption of Automation; Signficant Growth in Manufacturing Sector.
6. What are the notable trends driving market growth?
Servo Drives are Analyzed to Hold Significant Share.
7. Are there any restraints impacting market growth?
High Costs of Electric Drive.
8. Can you provide examples of recent developments in the market?
March 2021 - Yaskawa Electric Corporation introduced the "-X Series" of AC servo drives, which is the successor to the well-known "Σ-7 Series." The company developed the "Σ-X Series" as a successor to the "Σ-7 Series," which adds the functions of using sensor data, and more advanced functionality and performance.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 4950, and USD 6800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "NA Electric Drives Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the NA Electric Drives Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the NA Electric Drives Market?
To stay informed about further developments, trends, and reports in the NA Electric Drives Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
