Variable Speed Drive regulates the rotational force and speed of the electric motor by altering the frequency of the power being provided to the motor. Motors are widely used in offices and industries. Motors perform in various machines such as power plant fans, sewage and irrigation pumps, milking machines, and paper machines. Moreover, variable speed drive is crucial components in electrical devices such as compressor, pump, conveyor, fan, and devices. Compared to other motor controllers, the installation of a variable speed drive is much more comfortable.
MARKET DYNAMICS
Rising demand for energy-efficient devices and an increase in urbanization in emerging markets are the major factors driving the growth of the variable speed drive market. However, high cost related to the motors and its maintenance is expected to restrain the growth of the variable speed drive market. The advantage such as reduced voltage sag, controlled initial current that extends the life of the motor, and controlled acceleration fascinates industries to adopt variable speed drives.
MARKET SCOPE
The "Global Variable Speed Drive Market Analysis to 2028" is a specialized and in-depth study of the Variable speed drive market with a special focus on the global market trend analysis. The report aims to provide an overview of Variable speed drive market with detailed market segmentation by voltage, type, power, applications, end-user. The global Variable speed drive market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Variable speed drive market players and offers key trends and opportunities in the Variable speed drive market.
MARKET SEGMENTATION
The global Variable speed drive market is segmented on the basis of voltage, type, power, applications, end-user. On the basis of voltage, the market is segmented as low voltage, medium voltage. On the basis of type, the market is segmented as AC drives, DC drives, servo drives. On the basis of power, the market is segmented as micro-power drives, low-power drives, medium-power drives, high-power drives. On the basis of applications, the market is segmented as pumps, fans, compressors, conveyors, others. On the basis of end-user, the market is segmented as oil and gas, industrial, infrastructure, power generation.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Variable speed drive market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Variable speed drive market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Variable speed drive market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Variable speed drive market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Variable speed drive market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Variable speed drive market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Variable speed drive market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Variable speed drive market in these regions.
MARKET PLAYERS
The reports cover key developments in the Variable speed drive market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Variable speed drive market are anticipated to lucrative growth opportunities in the future with the rising demand for Variable speed drive market. Below mentioned is the list of few companies engaged in the Variable speed drive market.
The report also includes the profiles of key Variable speed drive market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd.
- Crompton Greaves
- Danfoss
- Emerson Electric
- General Electric
- Rockwell Automation, Inc.
- Schneider
- Siemens AG
- WEG
- Yaskawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Variable Speed Drive Market - By Voltage
1.3.2 Variable Speed Drive Market - By Type
1.3.3 Variable Speed Drive Market - By Power
1.3.4 Variable Speed Drive Market - By Application
1.3.5 Variable Speed Drive Market - By End-User
1.3.6 Variable Speed Drive Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VARIABLE SPEED DRIVE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. VARIABLE SPEED DRIVE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. VARIABLE SPEED DRIVE MARKET - GLOBAL MARKET ANALYSIS
6.1. VARIABLE SPEED DRIVE - GLOBAL MARKET OVERVIEW
6.2. VARIABLE SPEED DRIVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - VOLTAGE
7.1. OVERVIEW
7.2. VOLTAGE MARKET FORECASTS AND ANALYSIS
7.3. LOW VOLTAGE
7.3.1. Overview
7.3.2. Low Voltage Market Forecast and Analysis
7.4. MEDIUM VOLTAGE
7.4.1. Overview
7.4.2. Medium Voltage Market Forecast and Analysis
8. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. AC DRIVES
8.3.1. Overview
8.3.2. AC Drives Market Forecast and Analysis
8.4. DC DRIVES
8.4.1. Overview
8.4.2. DC Drives Market Forecast and Analysis
8.5. SERVO DRIVES
8.5.1. Overview
8.5.2. Servo Drives Market Forecast and Analysis
9. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - POWER
9.1. OVERVIEW
9.2. POWER MARKET FORECASTS AND ANALYSIS
9.3. MICRO-POWER DRIVES
9.3.1. Overview
9.3.2. Micro-Power Drives Market Forecast and Analysis
9.4. LOW-POWER DRIVES
9.4.1. Overview
9.4.2. Low-Power Drives Market Forecast and Analysis
9.5. MEDIUM-POWER DRIVES
9.5.1. Overview
9.5.2. Medium-Power Drives Market Forecast and Analysis
9.6. HIGH-POWER DRIVES
9.6.1. Overview
9.6.2. High-Power Drives Market Forecast and Analysis
10. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. PUMPS
10.3.1. Overview
10.3.2. Pumps Market Forecast and Analysis
10.4. FANS
10.4.1. Overview
10.4.2. Fans Market Forecast and Analysis
10.5. COMPRESSORS
10.5.1. Overview
10.5.2. Compressors Market Forecast and Analysis
10.6. CONVEYORS
10.6.1. Overview
10.6.2. Conveyors Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
11.1. OVERVIEW
11.2. END-USER MARKET FORECASTS AND ANALYSIS
11.3. OIL AND GAS
11.3.1. Overview
11.3.2. Oil and Gas Market Forecast and Analysis
11.4. INDUSTRIAL
11.4.1. Overview
11.4.2. Industrial Market Forecast and Analysis
11.5. INFRASTRUCTURE
11.5.1. Overview
11.5.2. Infrastructure Market Forecast and Analysis
11.6. POWER GENERATION
11.6.1. Overview
11.6.2. Power Generation Market Forecast and Analysis
12. VARIABLE SPEED DRIVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Variable Speed Drive Market Overview
12.1.2 North America Variable Speed Drive Market Forecasts and Analysis
12.1.3 North America Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.1.4 North America Variable Speed Drive Market Forecasts and Analysis - By Type
12.1.5 North America Variable Speed Drive Market Forecasts and Analysis - By Power
12.1.6 North America Variable Speed Drive Market Forecasts and Analysis - By Application
12.1.7 North America Variable Speed Drive Market Forecasts and Analysis - By End-User
12.1.8 North America Variable Speed Drive Market Forecasts and Analysis - By Countries
12.1.8.1 Canada Variable Speed Drive Market
12.1.8.1.1 Canada Variable Speed Drive Market by Voltage
12.1.8.1.2 Canada Variable Speed Drive Market by Type
12.1.8.1.3 Canada Variable Speed Drive Market by Power
12.1.8.1.4 Canada Variable Speed Drive Market by Application
12.1.8.1.5 Canada Variable Speed Drive Market by End-User
12.1.8.2 Mexico Variable Speed Drive Market
12.1.8.2.1 Mexico Variable Speed Drive Market by Voltage
12.1.8.2.2 Mexico Variable Speed Drive Market by Type
12.1.8.2.3 Mexico Variable Speed Drive Market by Power
12.1.8.2.4 Mexico Variable Speed Drive Market by Application
12.1.8.2.5 Mexico Variable Speed Drive Market by End-User
12.1.8.3 US Variable Speed Drive Market
12.1.8.3.1 US Variable Speed Drive Market by Voltage
12.1.8.3.2 US Variable Speed Drive Market by Type
12.1.8.3.3 US Variable Speed Drive Market by Power
12.1.8.3.4 US Variable Speed Drive Market by Application
12.1.8.3.5 US Variable Speed Drive Market by End-User
12.2. EUROPE
12.2.1 Europe Variable Speed Drive Market Overview
12.2.2 Europe Variable Speed Drive Market Forecasts and Analysis
12.2.3 Europe Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.2.4 Europe Variable Speed Drive Market Forecasts and Analysis - By Type
12.2.5 Europe Variable Speed Drive Market Forecasts and Analysis - By Power
12.2.6 Europe Variable Speed Drive Market Forecasts and Analysis - By Application
12.2.7 Europe Variable Speed Drive Market Forecasts and Analysis - By End-User
12.2.8 Europe Variable Speed Drive Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Variable Speed Drive Market
12.2.8.1.1 Germany Variable Speed Drive Market by Voltage
12.2.8.1.2 Germany Variable Speed Drive Market by Type
12.2.8.1.3 Germany Variable Speed Drive Market by Power
12.2.8.1.4 Germany Variable Speed Drive Market by Application
12.2.8.1.5 Germany Variable Speed Drive Market by End-User
12.2.8.2 France Variable Speed Drive Market
12.2.8.2.1 France Variable Speed Drive Market by Voltage
12.2.8.2.2 France Variable Speed Drive Market by Type
12.2.8.2.3 France Variable Speed Drive Market by Power
12.2.8.2.4 France Variable Speed Drive Market by Application
12.2.8.2.5 France Variable Speed Drive Market by End-User
12.2.8.3 Italy Variable Speed Drive Market
12.2.8.3.1 Italy Variable Speed Drive Market by Voltage
12.2.8.3.2 Italy Variable Speed Drive Market by Type
12.2.8.3.3 Italy Variable Speed Drive Market by Power
12.2.8.3.4 Italy Variable Speed Drive Market by Application
12.2.8.3.5 Italy Variable Speed Drive Market by End-User
12.2.8.4 United Kingdom Variable Speed Drive Market
12.2.8.4.1 United Kingdom Variable Speed Drive Market by Voltage
12.2.8.4.2 United Kingdom Variable Speed Drive Market by Type
12.2.8.4.3 United Kingdom Variable Speed Drive Market by Power
12.2.8.4.4 United Kingdom Variable Speed Drive Market by Application
12.2.8.4.5 United Kingdom Variable Speed Drive Market by End-User
12.2.8.5 Russia Variable Speed Drive Market
12.2.8.5.1 Russia Variable Speed Drive Market by Voltage
12.2.8.5.2 Russia Variable Speed Drive Market by Type
12.2.8.5.3 Russia Variable Speed Drive Market by Power
12.2.8.5.4 Russia Variable Speed Drive Market by Application
12.2.8.5.5 Russia Variable Speed Drive Market by End-User
12.2.8.6 Rest of Europe Variable Speed Drive Market
12.2.8.6.1 Rest of Europe Variable Speed Drive Market by Voltage
12.2.8.6.2 Rest of Europe Variable Speed Drive Market by Type
12.2.8.6.3 Rest of Europe Variable Speed Drive Market by Power
12.2.8.6.4 Rest of Europe Variable Speed Drive Market by Application
12.2.8.6.5 Rest of Europe Variable Speed Drive Market by End-User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Variable Speed Drive Market Overview
12.3.2 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis
12.3.3 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.3.4 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Type
12.3.5 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Power
12.3.6 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Application
12.3.7 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By End-User
12.3.8 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Variable Speed Drive Market
12.3.8.1.1 Australia Variable Speed Drive Market by Voltage
12.3.8.1.2 Australia Variable Speed Drive Market by Type
12.3.8.1.3 Australia Variable Speed Drive Market by Power
12.3.8.1.4 Australia Variable Speed Drive Market by Application
12.3.8.1.5 Australia Variable Speed Drive Market by End-User
12.3.8.2 China Variable Speed Drive Market
12.3.8.2.1 China Variable Speed Drive Market by Voltage
12.3.8.2.2 China Variable Speed Drive Market by Type
12.3.8.2.3 China Variable Speed Drive Market by Power
12.3.8.2.4 China Variable Speed Drive Market by Application
12.3.8.2.5 China Variable Speed Drive Market by End-User
12.3.8.3 India Variable Speed Drive Market
12.3.8.3.1 India Variable Speed Drive Market by Voltage
12.3.8.3.2 India Variable Speed Drive Market by Type
12.3.8.3.3 India Variable Speed Drive Market by Power
12.3.8.3.4 India Variable Speed Drive Market by Application
12.3.8.3.5 India Variable Speed Drive Market by End-User
12.3.8.4 Japan Variable Speed Drive Market
12.3.8.4.1 Japan Variable Speed Drive Market by Voltage
12.3.8.4.2 Japan Variable Speed Drive Market by Type
12.3.8.4.3 Japan Variable Speed Drive Market by Power
12.3.8.4.4 Japan Variable Speed Drive Market by Application
12.3.8.4.5 Japan Variable Speed Drive Market by End-User
12.3.8.5 South Korea Variable Speed Drive Market
12.3.8.5.1 South Korea Variable Speed Drive Market by Voltage
12.3.8.5.2 South Korea Variable Speed Drive Market by Type
12.3.8.5.3 South Korea Variable Speed Drive Market by Power
12.3.8.5.4 South Korea Variable Speed Drive Market by Application
12.3.8.5.5 South Korea Variable Speed Drive Market by End-User
12.3.8.6 Rest of Asia-Pacific Variable Speed Drive Market
12.3.8.6.1 Rest of Asia-Pacific Variable Speed Drive Market by Voltage
12.3.8.6.2 Rest of Asia-Pacific Variable Speed Drive Market by Type
12.3.8.6.3 Rest of Asia-Pacific Variable Speed Drive Market by Power
12.3.8.6.4 Rest of Asia-Pacific Variable Speed Drive Market by Application
12.3.8.6.5 Rest of Asia-Pacific Variable Speed Drive Market by End-User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Variable Speed Drive Market Overview
12.4.2 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis
12.4.3 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.4.4 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Type
12.4.5 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Power
12.4.6 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Application
12.4.7 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By End-User
12.4.8 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Variable Speed Drive Market
12.4.8.1.1 South Africa Variable Speed Drive Market by Voltage
12.4.8.1.2 South Africa Variable Speed Drive Market by Type
12.4.8.1.3 South Africa Variable Speed Drive Market by Power
12.4.8.1.4 South Africa Variable Speed Drive Market by Application
12.4.8.1.5 South Africa Variable Speed Drive Market by End-User
12.4.8.2 Saudi Arabia Variable Speed Drive Market
12.4.8.2.1 Saudi Arabia Variable Speed Drive Market by Voltage
12.4.8.2.2 Saudi Arabia Variable Speed Drive Market by Type
12.4.8.2.3 Saudi Arabia Variable Speed Drive Market by Power
12.4.8.2.4 Saudi Arabia Variable Speed Drive Market by Application
12.4.8.2.5 Saudi Arabia Variable Speed Drive Market by End-User
12.4.8.3 U.A.E Variable Speed Drive Market
12.4.8.3.1 U.A.E Variable Speed Drive Market by Voltage
12.4.8.3.2 U.A.E Variable Speed Drive Market by Type
12.4.8.3.3 U.A.E Variable Speed Drive Market by Power
12.4.8.3.4 U.A.E Variable Speed Drive Market by Application
12.4.8.3.5 U.A.E Variable Speed Drive Market by End-User
12.4.8.4 Rest of Middle East and Africa Variable Speed Drive Market
12.4.8.4.1 Rest of Middle East and Africa Variable Speed Drive Market by Voltage
12.4.8.4.2 Rest of Middle East and Africa Variable Speed Drive Market by Type
12.4.8.4.3 Rest of Middle East and Africa Variable Speed Drive Market by Power
12.4.8.4.4 Rest of Middle East and Africa Variable Speed Drive Market by Application
12.4.8.4.5 Rest of Middle East and Africa Variable Speed Drive Market by End-User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Variable Speed Drive Market Overview
12.5.2 South and Central America Variable Speed Drive Market Forecasts and Analysis
12.5.3 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.5.4 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Type
12.5.5 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Power
12.5.6 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Application
12.5.7 South and Central America Variable Speed Drive Market Forecasts and Analysis - By End-User
12.5.8 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Variable Speed Drive Market
12.5.8.1.1 Brazil Variable Speed Drive Market by Voltage
12.5.8.1.2 Brazil Variable Speed Drive Market by Type
12.5.8.1.3 Brazil Variable Speed Drive Market by Power
12.5.8.1.4 Brazil Variable Speed Drive Market by Application
12.5.8.1.5 Brazil Variable Speed Drive Market by End-User
12.5.8.2 Argentina Variable Speed Drive Market
12.5.8.2.1 Argentina Variable Speed Drive Market by Voltage
12.5.8.2.2 Argentina Variable Speed Drive Market by Type
12.5.8.2.3 Argentina Variable Speed Drive Market by Power
12.5.8.2.4 Argentina Variable Speed Drive Market by Application
12.5.8.2.5 Argentina Variable Speed Drive Market by End-User
12.5.8.3 Rest of South and Central America Variable Speed Drive Market
12.5.8.3.1 Rest of South and Central America Variable Speed Drive Market by Voltage
12.5.8.3.2 Rest of South and Central America Variable Speed Drive Market by Type
12.5.8.3.3 Rest of South and Central America Variable Speed Drive Market by Power
12.5.8.3.4 Rest of South and Central America Variable Speed Drive Market by Application
12.5.8.3.5 Rest of South and Central America Variable Speed Drive Market by End-User
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. VARIABLE SPEED DRIVE MARKET, KEY COMPANY PROFILES
14.1. ABB LTD.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. CROMPTON GREAVES
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. DANFOSS
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. EMERSON ELECTRIC
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. GENERAL ELECTRIC
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. ROCKWELL AUTOMATION, INC.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. SCHNEIDER
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SIEMENS AG
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. WEG
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. YASKAWA ELECTRIC CORPORATION
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. ABB Ltd.
2. Crompton Greaves
3. Danfoss
4. Emerson Electric
5. General Electric
6. Rockwell Automation, Inc.
7. Schneider
8. Siemens AG
9. WEG
10. Yaskawa Electric Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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