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Integrated Drive System Market

Rising Need for Process Automation to Fuel Demand for Integrated Drive Systems (IDS) Market in Various Industrial Sectors

Integrated Drive Systems Market by Offering (Hardware, Software, Services)

Integrated Drive Systems Market Outlook (2022 to 2032)

The Global Integrated Drive Systems Market is set to expand at a CAGR of 4.2% from 2022 to 2032. It is projected to broaden by reaching a valuation of about US$ 57.5 billion by 2032. It surpassed a value of US$ 38.3 billion in 2022.

Rising emphasis on process performance to maintain market edge is expected to drive integrated drive system sales in the next ten years. Expanding use of integrated drive systems for industrial automation is another crucial factor that would lead to growth.

Cost of maintenance can be decreased thanks to integrated drive systems. Certain drive applications are made possible by the combination of internet-driven technology and energy conservation software applications, resulting in high cost reductions. According to a few estimations, use of integrated drive systems can result in cost reductions of up to 15%.

A drive train's horizontal integration permits the purchase of a motor, gearbox, connection, phase converter, and controller from a single source. This results in single-vendor accountability for clients, which simplifies purchasing and lowers warranty expenses that are frequently overlooked.

One of the defining characteristics of the fiercely competitive automobile business continues to be innovation and constant development. Ongoing implementation of such systems is a result of the necessity to preserve competitive advantage.

Manufacturers nowadays rely on computer simulation to promote continuous improvement, enhance efficiency, and simultaneously save costs due to rising expenses of car production programs. Automotive firms can construct a digital model of any manufacturing system by using the process simulation software provided by SIMUL8.

The assembly line at Ford Motor Company, for instance, has undergone an ergonomic examination using motion analysis technologies. It occurred in a bid to find & fix any ergonomic problems that might have contributed to the injury. After the system was put in place, injuries brought on by repetitive stress, such as tears in the rotator cuff, straining, and lumbar compression, drastically decreased.

Attributes

Key Insights

Integrated Drive Systems Market Estimated Size (2022E)

US$ 38.3 billion

Projected Market Valuation (2032F)

US$ 57.5 billion

Value-based CAGR (2022 to 2032)

4.2%

United States of America Value-based CAGR (2022 to 2032)

3.0%

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2017 to 2021 Integrated Drive Systems Market Outlook Compared to Demand/Sales Forecast for/from 2022 to 2032

Persistence Market Research (PMR) states that the global integrated drive systems market exhibited steady growth at a CAGR of 5.0% from 2017 to 2021. It is projected to showcase a CAGR of 4.2% from 2022 to 2032.

As companies look to reduce their environmental impact, integrated drive systems can help by reducing energy consumption and improving overall efficiency. There is a growing trend toward automation and digitalization in numerous industries. It is increasing integrated drive system demand as these can be easily integrated into such systems.

Integrated drive systems can improve energy efficiency. It can also reduce power consumption by optimizing interaction between the motor and the drive. By combining multiple components into a single package, integrated drive systems can reduce installation, maintenance, and repair costs.

Integrated drive systems can simplify the design and engineering process, as well as reduce the footprint of the overall system. These are also easier to install, configure, and operate than separate components, as they are designed to work together seamlessly.

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Top Integrated Drive Systems Market Trends Listed by Persistence Market Research (PMR)

  • In order to function with coordinated automation systems, integrated drive systems combine mechanical and electrical components to increase the efficiency of businesses by cutting costs.
  • Demand for integrated drive systems is projected to increase due to escalating trend toward automation within manufacturing processes.
  • Integrated drive systems can be used to automate processes in order to increase product quality, decrease labor costs, and surge production efficiency.
  • Integrated drive systems are being used in a wide variety of end-use industries such as automotive, aerospace, food & beverage, and pharmaceutical to increase production efficiency and reduce costs.
  • There is also a rising need for energy-efficient systems due to high energy prices and increased focus of enterprises on sustainable growth.
  • Integrated drive system, which integrates automation, drive, and motor technologies, can aid in lowering energy usage and enhancing system performance.
  • There were around 78 million cars produced around the world in 2020, which increased to around 82.6 million cars by 2021.
  • It is projected that the number of cars produced by 2030 would be around 111 million units.
  • Integrated drive systems are being widely utilized in automobile manufacturing to optimize the production process and improve efficiency.
  • Rising demand for automobiles around the world is projected to increase the need for integrated drive systems for optimizing the manufacturing process.
  • In various industries, predictive maintenance is gaining importance, and integrated drive systems are ideal for this use.
  • Integrated drive systems can assist businesses in identifying and addressing potential issues before they lead to downtime or equipment failure by providing real-time data on motor and drive performance.
  • Since numerous enterprises are focusing on reducing downtime and enhancing their processes for better productivity, integrated drive system demand is projected to expand.
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Which Region would Create a Significant Opportunity for Integrated Drive System Manufacturers?

Asia Pacific integrated drive systems market size was US$ 17.6 billion in 2021. It surpassed a market valuation of US$ 18.8 billion in 2022.

Asia Pacific is projected to be worth US$ 28.3 billion in 2032. It is estimated to witness exponential growth at a CAGR of 49.3% from 2022 to 2032.

Asia Pacific is a predominant manufacturing hub in the world with a significant number of industries and companies setting up their production. Demand for integrated drive systems is increasing across numerous industries, including manufacturing, energy, and transportation.

It is as a result of the quick industrialization and urbanization in nations such as China and India. Governments in the region are promoting adoption of energy-efficient technologies to meet their sustainable development goals. Hence, the market for integrated drive systems is expected to surge in the region during the assessment period.

Asia Pacific also has a significant automobile market with a prominent number of cars being sold and manufactured in the region. The region recorded around 32 million units of cars sold in 2020. It increased to around 34 million unit sales in 2021. With rising demand for cars in the region, manufacturers are optimizing their production to meet the high sales.

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Country-wise Insights:

How is Rising Demand for Vehicles in the United States of America Propelling Need for Integrated Drive Generators?

The United States of America integrated drive systems market is expected to be worth US$ 8.6 billion by 2032. It is set to create an absolute dollar growth of US$ 2.2 billion till 2032.

The United States of America witnessed growth at a CAGR of 2.0% from 2017 to 2021. It is likely to expand at a CAGR of 3.0% from 2022 to 2032.

The United States of America is a significant manufacturing economy in the world with a combined manufacturing output of around US$ 2.4 trillion in 2021. Adoption of integrated drive systems in the manufacturing sector is due to increasing demand for energy-efficient and cost-effective industrial automation solutions in various sectors.

These include food & beverage, chemical, automotive, and mining. There is a growing focus on reducing carbon emissions and improving sustainability practices in industrial operations.

The United States of America is also a significant car manufacturer, producing around 8.8 million cars in 2020. It increased to around 9.1 million in 2021. With increasing demand for cars in the country, various car manufacturers are implementing integrated drive systems to optimize their production.

They are also striving to provide better quality by automating the manufacturing processes. Hence, with rising implementation of integrated drive systems, the market is projected to expand during the evaluation period in the country.

Would the United Kingdom Showcase Surging Sales of Integrated Driver Support Systems?

The United Kingdom integrated drive systems market is projected to be valued at US$ 1.5 billion by 2032. It is anticipated to create an incremental opportunity of US$ 351.7 million during the estimated time frame.

The United Kingdom witnessed growth at a CAGR of 0.7% from 2017 to 2021. It is expected to flourish at a CAGR of 2.6% from 2022 to 2032.

The United Kingdom is a prominent manufacturing economy in the world with a combined manufacturing output of around US$ 235 billion in 2018. It increased to around US$ 274 billion by 2021.

Integrated drive systems are being widely implemented in the country for increasing the efficiency of manufacturing facilities, as well as reducing energy costs. With growth in the manufacturing industry, demand for integrated drive systems is also projected to expand in the United Kingdom.

Would Emergence of Energy-efficient Technologies in China Push Sales of Integrated Drive Modules?

China integrated drive systems market is estimated to cross a valuation of US$ 14.7 billion by 2032. It is likely to create an absolute dollar opportunity of US$ 6.2 billion from 2022 to 2032.

The China market showcased steady growth at a CAGR of 7.1% from 2017 to 2021. It is expected to broaden at a CAGR of 5.6% from 2022 to 2032.

China is a predominant hub for manufacturing in the world with a significant number of corporations setting up their manufacturing facilities in the country. It is also a predominant car manufacturer producing around 21 million cars in 2021.

With rising demand for automobiles in the country, manufacturers are implementing energy-efficient and optimization technologies. These include integrated drive systems that are being installed within their manufacturing facilities to optimize production. Hence, with rising production capacities, demand for integrated drive systems is projected to increase.

Category-wise Insights

Which Type of Offering would Dominate the Field of Integrated Drive Electronics?

The software segment is projected to witness significant growth throughout the assessment period. It showcased considerable growth at a CAGR of 4.9% from 2017 to 2021. It is likely to expand at a CAGR of 4.1% from 2022 to 2032.

Software used in integrated drive systems can be programmed to perform very specific tasks depending on requirements of the system. Software solutions such as motor control and drive control software are essential for the functioning of integrated drive systems. With rising implementation of integrated drive systems across the manufacturing industry, demand for software is projected to expand.

Which Industry Uses Integrated Motor Drive Systems the Most?

The automotive and transportation industry is projected to witness prominent growth throughout the forecast period. It exhibited steady growth at a CAGR of 4.7% from 2017 to 2021. It is expected to bolster at a CAGR of 4.0% from 2022 to 2032.

With increasing adoption of electric vehicles, there is a growing demand for integrated drive systems. These can provide efficient and reliable power to electric motors.

Integrated drive systems can further improve the overall performance of vehicles by providing better control over the powertrain. It can result in fast acceleration, smooth operation, and better handling.

As the development of autonomous vehicles continues, there is a rising need for integrated drive systems. These can provide precise control and management of the vehicle's power and propulsion systems.

Competitive Landscape

Integrated drive system manufacturers are developing new and innovative products that offer unique features and capabilities to differentiate themselves from their competitors. They are also expanding their operations and distribution channels to reach new markets and customers around the world.

Several other manufacturers are focusing on developing more sustainable integrated drive systems that use environmentally-friendly materials and reduce energy consumption. A few local players are increasingly integrating digital technologies such as sensors, analytics, and machine learning algorithms to improve the performance and efficiency of their systems.

A few recent developments in the integrated drive systems market are:

  • In August 2021, Rockwell Automation announced the launch of PowerFlex 6000T. It is an integrated drive system for HVAC applications. The system includes features such as embedded diagnostics, energy monitoring, and compatibility with Rockwell Automation's FactoryTalk software.
  • In November 2019, Rockwell Automation Inc. announced a partnership with Accenture to provide digital solutions for its industrial clients. It would help to enhance and optimize the supply chain for better business outcomes. This collaboration would also enable businesses to leverage the industrial internet of things (IIoT) more effectively.

Scope of the Report

Attribute

Details

Estimated Market Size (2022)

US$ 38.3 billion

Projected Market Valuation (2032)

US$ 57.5 billion

Value-based CAGR (2022 to 2032)

4.2%

Forecast Period

2022 to 2032

Historical Data Available for

2017 to 2021

Market Analysis

Value (US$ billion)

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Key Countries Covered

  • United States of America
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Japan
  • China
  • Singapore
  • Malaysia
  • Sri Lanka
  • Kingdom of Saudi Arabia
  • United Arab Emirates
  • South Korea
  • Finland
  • Hungary
  • Rest of the World

Key Segments Covered

  • Offering
  • Communication Protocol
  • Industry
  • Region

Key Companies Profiled

  • Siemens AG
  • Schneider Electric
  • Rockwell Automation
  • ABB Ltd
  • Emerson Electric Company
  • Bosch Rexroth AG
  • Yaskawa Electric Corporation
  • Mitsubishi Electric Corporation
  • TQ-Group GmbH
  • Integrated Drive Systems Pvt. Ltd.

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Integrated Drive Systems Market Outlook by Category

By Offering:

  • Hardware
  • Software
  • Services

By Communication Protocol:

  • Fieldbus
  • Industrial Ethernet
  • Wireless

By Industry:

  • Automotive and Transportation
  • Food and Beverage
  • Chemical
  • Oil and Gas
  • Pulp and Paper
  • Pharmaceutical
  • Machine Building
  • Water and Wastewater Management

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Siemens AG
  • Schneider Electric
  • Rockwell Automation
  • ABB Ltd
  • Emerson Electric Company
  • Bosch Rexroth AG
  • Yaskawa Electric Corporation
  • Mitsubishi Electric Corporation
  • TQ-Group GmbH
  • Integrated Drive Systems Pvt. Ltd.

- Frequently Asked Questions -

The global integrated drive systems industry was worth US$ 35.9 billion in 2021.

The global integrated drive systems industry reached a valuation of US$ 38.3 billion in 2022.

The global integrated drive systems industry is set to surpass a valuation of US$ 57.5 billion in 2032.

The global integrated drive systems industry witnessed a CAGR of around 5.0% over the last 4 years.

The global integrated drive systems industry is anticipated to exhibit 4.2% CAGR from 2022 to 2032.

The automotive and transportation segment by industry is expected to garner a significant value share by 2022.

Japan and South Korea integrated drive systems industries are set to exhibit CAGRs of 4.4% and 4.6%, respectively from 2022 to 2032.

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