Integrated Drive Systems Companies - Schneider Electric (France) and Siemens AG (Germany) are the Key Players
The major drivers for the integrated drive systems market include the advancement and rapid growth in automation, increasing adoption of energy-efficient international standards and integrated drive systems, increased focus on efficiency and reducing production cost, and regulations on energy efficiency. Also, Industrial Revolution 4.0 is expected to create opportunities for the drive systems market. Currently, the key players in the drive systems market are adopting development strategies such as contracts, partnerships, agreements, mergers, acquisitions, expansions, new product launches, and research and development.
According to the present scenario, the automotive and transportation industry holds a major share of the integrated drive systems market. The market for the water and wastewater management industry is expected to grow at the highest rate during the forecast period.
Major Integrated Drive Systems Companies Include:
- Siemens AG (Germany)
- Schneider Electric (France)
Siemens AG (Germany) held the leading position in the global integrated drive systems market in 2015. The company has a broad product portfolio related to the drive systems market. The company focuses on developing and launching new products in the market. This has enabled the company to gain a leading position in the drive systems market. For instance, the company introduced a compact, ready-to-connect motor, Sinamics S120M decentralized servomotor drive, in March 2014. S120M drive offers an option of moving the motor inverter outside the control cabinet and directly onto the motor, which reduces both cabinet space and required cooling. The drive also offers a high degree of flexibility for new and existing machines. Also, the company offers integrated drive systems under its drive technology product segment. In the integrated drive system solutions segment, the company provides all the components such as frequency converters, motors, couplings, gear units, etc. from a single source which are highly compatible with each other. Siemens is focusing on gaining share in the drive systems market through its integrated drive system solutions.
Schneider Electric (France) held the second rank in the global integrated drive systems market. The company is strongly focused on strengthening its R&D capabilities by adopting the strategy of agreements. For instance, the company signed an agreement with Skolkovo Foundation (Russia) to establish a new R&D center in Russia’s Skolkovo Innovation City. The company also intends to launch advanced and integrated products. For instance, the company introduced Lexium servo bundle that provides auto-tuning algorithm which offers speed and torque control functions that are suitable for a wide range of machine applications. In addition, Schneider uses discontinuation of noncore business as a strategy to improve its performance and enhance its core offerings; it generated ~USD 520 million (in cash) through this process in 2015. The company is also investing in R&D of adjustable-frequency AC drives and is launching new products optimized for specific applications.
Related Reports:
Integrated Drive Systems Market by Offering (Hardware, Software, and Services), Communication Protocol (Fieldbus, Industrial Ethernet, and Wireless: WHART, ISA100.11a, ZigBee, WLAN, Cellular), Industry, and Geography - Global Forecast to 2022
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