PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1511286
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1511286
Integrated Drive Systems Market Forecasts to 2030 - Global Analysis By Component (Software, Hardware and Service), End User and By Geography
According to Stratistics MRC, the Global Integrated Drive Systems Market is accounted for $45.2 billion in 2024 and is expected to reach $75.0 billion by 2030 growing at a CAGR of 8.8% during the forecast period. Integrated drive systems (IDS) streamline industrial operations by combining motor, gearbox, and control technology into a single, optimized unit. This integrated approach enhances efficiency, reliability, and flexibility in diverse applications. integrated drive systems facilitate seamless communication between components, enabling precise control and monitoring. By eliminating compatibility issues and reducing the number of interfaces, integrated drive systems simplify installation and maintenance, ultimately lowering overall costs. Their modular design allows for scalability and customization to meet specific requirements.
According to certain estimates, the deployment of Integrated Drive Systems can reduce costs by as high as 15%.
Market Dynamics:
Driver:
Rising demand for efficiency
As businesses strive to optimize their operations and reduce energy consumption, IDS offer a comprehensive solution by integrating various components like motors, gearboxes, and controls into a unified system. This integration not only improves overall efficiency but also enhances reliability and performance. Further rising demand for efficiency has spurred innovation in IDS technology, leading to the development of more advanced and specialized systems tailored to specific applications and manufacturers are investing in research and development to meet the evolving needs of customers, resulting in a wider range of IDS offerings in the market.
Restraint:
Lack of standardization
Without standardized interfaces and protocols, interoperability between different IDS components becomes challenging. This can result in compatibility issues during installation and integration, leading to increased complexity, delays, and higher costs for end-users. Additionally, the absence of uniform standards can hinder innovation and limit competition among IDS manufacturers. Different proprietary systems may lock customers into specific suppliers, reducing market dynamics and inhibiting technological advancements that could benefit the industry as a whole.
Opportunity:
Growing number of electric vehicles (EVs)
Integrated Drive Systems play a crucial role in electric vehicles, as they encompass components such as electric motors, power electronics, and control systems. Manufacturers of EVs require IDS solutions that can provide high efficiency, compact size, and seamless integration into the vehicle's architecture. This includes advancements in motor design, battery management systems, and power electronics to maximize energy efficiency and range which propel the growth of the market.
Threat:
High initial investment
the upfront costs associated with purchasing and installing IDS solutions may act as a barrier to entry for some businesses, particularly smaller enterprises with limited capital resources. This can limit market penetration and adoption rates, slowing down the overall growth of the IDS market. Moreover, the high initial investment may deter potential customers from upgrading or retrofitting existing systems with IDS technology, even if the long-term benefits in terms of efficiency and productivity are significant. This reluctance to invest can impede technological progress and innovation within the IDS market, as manufacturers may face reduced demand and fewer opportunities for research and development.
Covid-19 Impact
The market experienced disruptions due to supply chain constraints, temporary shutdowns of manufacturing facilities, and reduced demand from various industries affected by lockdowns and economic uncertainty. However, as industries adapted to remote work and adopted automation to ensure business continuity, there was a renewed focus on efficiency and productivity, driving demand for IDS solutions. Sectors such as pharmaceuticals, food and beverage, and e-commerce experienced increased demand for automation technologies, including IDS, to meet heightened production requirements and ensure supply chain resilience.
The software segment is expected to be the largest during the forecast period
The software segment is estimated to have a lucrative growth, as software enables advanced control and monitoring capabilities within IDS, allowing for precise regulation of motor speed, torque, and other parameters. This enhances overall system performance and enables greater flexibility in adapting to varying operational requirements. Moreover, software enables the implementation of predictive maintenance algorithms and condition monitoring techniques, helping to identify potential issues before they escalate into costly downtime events. This proactive approach to maintenance improves system reliability and reduces maintenance costs for end-users.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to witness the highest CAGR growth during the forecast period, as automotive manufacturers are constantly seeking ways to enhance efficiency and productivity in their production processes. Integrated drive systems offer a comprehensive solution by integrating motors, gearboxes, and control systems into a single unit, streamlining manufacturing operations. The automotive industry's adoption of advanced manufacturing technologies, such as robotics and automation, further drives the demand for IDS solutions to optimize production lines.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing awareness of environmental sustainability and government initiatives promoting energy efficiency are also driving the uptake of IDS solutions, which help reduce energy consumption and carbon emissions in industrial operations. Additionally, increasing investments in infrastructure projects across the region, such as smart cities and transportation networks, are driving the adoption of IDS in sectors like construction, transportation, and energy.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the region's advanced manufacturing sector, particularly in the United States, Canada, and Mexico, is driving the adoption of IDS solutions to enhance productivity, efficiency, and competitiveness. Moreover, the increasing focus on industrial automation and Industry 4.0 initiatives is accelerating the demand for IDS, as companies seek to optimize their operations and leverage advanced technologies for predictive maintenance and real-time monitoring.
Key players in the market
Some of the key players in the Integrated Drive Systems Market include ABB Ltd., Bosch Rexroth AG, Eaton, Emerson Electric Company, Integrated Drive Systems Pvt. Ltd, Mitsubishi Electric Corporation, Nippon Steel Corp, Northland Resources AB, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, TQ Group GmbH and Yaskawa Electric Corporation
Key Developments:
In May 2024, ABB expands electrification portfolio with acquisition of Siemens' Wiring Accessories business in China. The offering ABB is acquiring includes wiring accessories, smart home systems, smart door locks and further peripheral home automation products
In May 2024, ABB and Niedax Group to create joint venture to meet growing demand for cable tray systems in North America. Expands North American cable tray manufacturing capabilities to serve evolving customer needs
In December 2023, Eaton showcases advanced solutions for the harsh and hazardous areas at Automation Expo 2023. This strategic step exemplifies Eaton's commitment to investing in India's growth and fostering collaborations with local partners.
Components Covered:
- Software
- Hardware
- Service
End Users Covered:
- Oil & Gas
- Automotive
- Food & Beverage
- Pharmaceutical
- Mining
- Chemical
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Integrated Drive Systems Market, By Component
- 5.1 Introduction
- 5.2 Software
- 5.3 Hardware
- 5.3.1 Driver
- 5.3.2 Convertors
- 5.3.3 Coupling
- 5.3.4 Gear Units
- 5.3.5 Other Hardwares
- 5.4 Service
6 Global Integrated Drive Systems Market, By End User
- 6.1 Introduction
- 6.2 Oil & Gas
- 6.3 Automotive
- 6.4 Food & Beverage
- 6.5 Pharmaceutical
- 6.6 Mining
- 6.7 Chemical
- 6.8 Other End Users
7 Global Integrated Drive Systems Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 ABB Ltd.
- 9.2 Bosch Rexroth AG
- 9.3 Eaton
- 9.4 Emerson Electric Company
- 9.5 Integrated Drive Systems Pvt. Ltd
- 9.6 Mitsubishi Electric Corporation
- 9.7 Nippon Steel Corp
- 9.8 Northland Resources AB
- 9.9 Rockwell Automation Inc.
- 9.10 Schneider Electric SE
- 9.11 Siemens AG
- 9.12 TQ Group GmbH
- 9.13 Yaskawa Electric Corporation
List of Tables
- Table 1 Global Integrated Drive Systems Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Integrated Drive Systems Market Outlook, By Component (2022-2030) ($MN)
- Table 3 Global Integrated Drive Systems Market Outlook, By Software (2022-2030) ($MN)
- Table 4 Global Integrated Drive Systems Market Outlook, By Hardware (2022-2030) ($MN)
- Table 5 Global Integrated Drive Systems Market Outlook, By Driver (2022-2030) ($MN)
- Table 6 Global Integrated Drive Systems Market Outlook, By Convertors (2022-2030) ($MN)
- Table 7 Global Integrated Drive Systems Market Outlook, By Coupling (2022-2030) ($MN)
- Table 8 Global Integrated Drive Systems Market Outlook, By Gear Units (2022-2030) ($MN)
- Table 9 Global Integrated Drive Systems Market Outlook, By Other Hardwares (2022-2030) ($MN)
- Table 10 Global Integrated Drive Systems Market Outlook, By End User (2022-2030) ($MN)
- Table 11 Global Integrated Drive Systems Market Outlook, By Oil & Gas (2022-2030) ($MN)
- Table 12 Global Integrated Drive Systems Market Outlook, By Automotive (2022-2030) ($MN)
- Table 13 Global Integrated Drive Systems Market Outlook, By Food & Beverage (2022-2030) ($MN)
- Table 14 Global Integrated Drive Systems Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 15 Global Integrated Drive Systems Market Outlook, By Mining (2022-2030) ($MN)
- Table 16 Global Integrated Drive Systems Market Outlook, By Chemical (2022-2030) ($MN)
- Table 17 Global Integrated Drive Systems Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 18 North America Integrated Drive Systems Market Outlook, By Country (2022-2030) ($MN)
- Table 19 North America Integrated Drive Systems Market Outlook, By Component (2022-2030) ($MN)
- Table 20 North America Integrated Drive Systems Market Outlook, By Software (2022-2030) ($MN)
- Table 21 North America Integrated Drive Systems Market Outlook, By Hardware (2022-2030) ($MN)
- Table 22 North America Integrated Drive Systems Market Outlook, By Driver (2022-2030) ($MN)
- Table 23 North America Integrated Drive Systems Market Outlook, By Convertors (2022-2030) ($MN)
- Table 24 North America Integrated Drive Systems Market Outlook, By Coupling (2022-2030) ($MN)
- Table 25 North America Integrated Drive Systems Market Outlook, By Gear Units (2022-2030) ($MN)
- Table 26 North America Integrated Drive Systems Market Outlook, By Other Hardwares (2022-2030) ($MN)
- Table 27 North America Integrated Drive Systems Market Outlook, By End User (2022-2030) ($MN)
- Table 28 North America Integrated Drive Systems Market Outlook, By Oil & Gas (2022-2030) ($MN)
- Table 29 North America Integrated Drive Systems Market Outlook, By Automotive (2022-2030) ($MN)
- Table 30 North America Integrated Drive Systems Market Outlook, By Food & Beverage (2022-2030) ($MN)
- Table 31 North America Integrated Drive Systems Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 32 North America Integrated Drive Systems Market Outlook, By Mining (2022-2030) ($MN)
- Table 33 North America Integrated Drive Systems Market Outlook, By Chemical (2022-2030) ($MN)
- Table 34 North America Integrated Drive Systems Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 35 Europe Integrated Drive Systems Market Outlook, By Country (2022-2030) ($MN)
- Table 36 Europe Integrated Drive Systems Market Outlook, By Component (2022-2030) ($MN)
- Table 37 Europe Integrated Drive Systems Market Outlook, By Software (2022-2030) ($MN)
- Table 38 Europe Integrated Drive Systems Market Outlook, By Hardware (2022-2030) ($MN)
- Table 39 Europe Integrated Drive Systems Market Outlook, By Driver (2022-2030) ($MN)
- Table 40 Europe Integrated Drive Systems Market Outlook, By Convertors (2022-2030) ($MN)
- Table 41 Europe Integrated Drive Systems Market Outlook, By Coupling (2022-2030) ($MN)
- Table 42 Europe Integrated Drive Systems Market Outlook, By Gear Units (2022-2030) ($MN)
- Table 43 Europe Integrated Drive Systems Market Outlook, By Other Hardwares (2022-2030) ($MN)
- Table 44 Europe Integrated Drive Systems Market Outlook, By End User (2022-2030) ($MN)
- Table 45 Europe Integrated Drive Systems Market Outlook, By Oil & Gas (2022-2030) ($MN)
- Table 46 Europe Integrated Drive Systems Market Outlook, By Automotive (2022-2030) ($MN)
- Table 47 Europe Integrated Drive Systems Market Outlook, By Food & Beverage (2022-2030) ($MN)
- Table 48 Europe Integrated Drive Systems Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 49 Europe Integrated Drive Systems Market Outlook, By Mining (2022-2030) ($MN)
- Table 50 Europe Integrated Drive Systems Market Outlook, By Chemical (2022-2030) ($MN)
- Table 51 Europe Integrated Drive Systems Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 52 Asia Pacific Integrated Drive Systems Market Outlook, By Country (2022-2030) ($MN)
- Table 53 Asia Pacific Integrated Drive Systems Market Outlook, By Component (2022-2030) ($MN)
- Table 54 Asia Pacific Integrated Drive Systems Market Outlook, By Software (2022-2030) ($MN)
- Table 55 Asia Pacific Integrated Drive Systems Market Outlook, By Hardware (2022-2030) ($MN)
- Table 56 Asia Pacific Integrated Drive Systems Market Outlook, By Driver (2022-2030) ($MN)
- Table 57 Asia Pacific Integrated Drive Systems Market Outlook, By Convertors (2022-2030) ($MN)
- Table 58 Asia Pacific Integrated Drive Systems Market Outlook, By Coupling (2022-2030) ($MN)
- Table 59 Asia Pacific Integrated Drive Systems Market Outlook, By Gear Units (2022-2030) ($MN)
- Table 60 Asia Pacific Integrated Drive Systems Market Outlook, By Other Hardwares (2022-2030) ($MN)
- Table 61 Asia Pacific Integrated Drive Systems Market Outlook, By End User (2022-2030) ($MN)
- Table 62 Asia Pacific Integrated Drive Systems Market Outlook, By Oil & Gas (2022-2030) ($MN)
- Table 63 Asia Pacific Integrated Drive Systems Market Outlook, By Automotive (2022-2030) ($MN)
- Table 64 Asia Pacific Integrated Drive Systems Market Outlook, By Food & Beverage (2022-2030) ($MN)
- Table 65 Asia Pacific Integrated Drive Systems Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 66 Asia Pacific Integrated Drive Systems Market Outlook, By Mining (2022-2030) ($MN)
- Table 67 Asia Pacific Integrated Drive Systems Market Outlook, By Chemical (2022-2030) ($MN)
- Table 68 Asia Pacific Integrated Drive Systems Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 69 South America Integrated Drive Systems Market Outlook, By Country (2022-2030) ($MN)
- Table 70 South America Integrated Drive Systems Market Outlook, By Component (2022-2030) ($MN)
- Table 71 South America Integrated Drive Systems Market Outlook, By Software (2022-2030) ($MN)
- Table 72 South America Integrated Drive Systems Market Outlook, By Hardware (2022-2030) ($MN)
- Table 73 South America Integrated Drive Systems Market Outlook, By Driver (2022-2030) ($MN)
- Table 74 South America Integrated Drive Systems Market Outlook, By Convertors (2022-2030) ($MN)
- Table 75 South America Integrated Drive Systems Market Outlook, By Coupling (2022-2030) ($MN)
- Table 76 South America Integrated Drive Systems Market Outlook, By Gear Units (2022-2030) ($MN)
- Table 77 South America Integrated Drive Systems Market Outlook, By Other Hardwares (2022-2030) ($MN)
- Table 78 South America Integrated Drive Systems Market Outlook, By End User (2022-2030) ($MN)
- Table 79 South America Integrated Drive Systems Market Outlook, By Oil & Gas (2022-2030) ($MN)
- Table 80 South America Integrated Drive Systems Market Outlook, By Automotive (2022-2030) ($MN)
- Table 81 South America Integrated Drive Systems Market Outlook, By Food & Beverage (2022-2030) ($MN)
- Table 82 South America Integrated Drive Systems Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 83 South America Integrated Drive Systems Market Outlook, By Mining (2022-2030) ($MN)
- Table 84 South America Integrated Drive Systems Market Outlook, By Chemical (2022-2030) ($MN)
- Table 85 South America Integrated Drive Systems Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 86 Middle East & Africa Integrated Drive Systems Market Outlook, By Country (2022-2030) ($MN)
- Table 87 Middle East & Africa Integrated Drive Systems Market Outlook, By Component (2022-2030) ($MN)
- Table 88 Middle East & Africa Integrated Drive Systems Market Outlook, By Software (2022-2030) ($MN)
- Table 89 Middle East & Africa Integrated Drive Systems Market Outlook, By Hardware (2022-2030) ($MN)
- Table 90 Middle East & Africa Integrated Drive Systems Market Outlook, By Driver (2022-2030) ($MN)
- Table 91 Middle East & Africa Integrated Drive Systems Market Outlook, By Convertors (2022-2030) ($MN)
- Table 92 Middle East & Africa Integrated Drive Systems Market Outlook, By Coupling (2022-2030) ($MN)
- Table 93 Middle East & Africa Integrated Drive Systems Market Outlook, By Gear Units (2022-2030) ($MN)
- Table 94 Middle East & Africa Integrated Drive Systems Market Outlook, By Other Hardwares (2022-2030) ($MN)
- Table 95 Middle East & Africa Integrated Drive Systems Market Outlook, By End User (2022-2030) ($MN)
- Table 96 Middle East & Africa Integrated Drive Systems Market Outlook, By Oil & Gas (2022-2030) ($MN)
- Table 97 Middle East & Africa Integrated Drive Systems Market Outlook, By Automotive (2022-2030) ($MN)
- Table 98 Middle East & Africa Integrated Drive Systems Market Outlook, By Food & Beverage (2022-2030) ($MN)
- Table 99 Middle East & Africa Integrated Drive Systems Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 100 Middle East & Africa Integrated Drive Systems Market Outlook, By Mining (2022-2030) ($MN)
- Table 101 Middle East & Africa Integrated Drive Systems Market Outlook, By Chemical (2022-2030) ($MN)
- Table 102 Middle East & Africa Integrated Drive Systems Market Outlook, By Other End Users (2022-2030) ($MN)
