How big is the Electric Drives Market?

The Electric Drives Market size is expected to reach USD 25.51 billion in 2024 and grow at a CAGR of 5.10% to reach USD 32.70 billion by 2029. Read More

What is the current Electric Drives Market size?

In 2024, the Electric Drives Market size is expected to reach USD 25.51 billion. Read More

Who are the key players in Electric Drives Market?

ABB Ltd, Siemens AG, Danfoss, Rockwell Automation Inc. and Schneider Electric SE are the major companies operating in the Electric Drives Market. Read More

Which is the fastest growing region in Electric Drives Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Electric Drives Market?

In 2024, the Asia Pacific accounts for the largest market share in Electric Drives Market. Read More

What years does this Electric Drives Market cover, and what was the market size in 2023?

In 2023, the Electric Drives Market size was estimated at USD 24.21 billion. The report covers the Electric Drives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electric Drives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Electric DrivesCompanies

This report lists the top Electric Drives companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Electric Drives industry.