Market Share of Europe Electric Drives Industry
The European electric drives market is fragmented due to the presence of numerous regional players. Several incentive programs in European countries to replace inefficient electric motors early encourage new players to enter the European market. Some major European electric drive market vendors are Robert Bosch Gmbh, CEDS Duradrive GmbH, TECO Electric Europe Ltd., ABB Ltd., Groschopp AG, etc. These vendors focus on developing high-quality solutions and adopting organic and inorganic growth strategies to expand their market presence further.
- May 2022 - Delta, a leading provider of AC drives, launched its new compact AC motor drive MH300 series in Europe, the Middle East, and Asia (EMEA). With a power range of 0.4 to 75 kW and numerous tension control features, the recently launched product is suitable for a range of constant torque applications, such as extruding machines, machine tools, bending machines, conveyor systems, and eventually also for hoists and cranes.
- March 2022 - WEG Electric Corp., a leading motor and drive manufacturer, announced that it will launch its new CFW900 variable speed drive (VSD) at the Drives & Controls 2022 exhibition held in Birmingham, UK. According to the company, the model is the latest addition to its CFW range of frequency inverters and features increased power density, a simplified design, and improved ease-of-use that allows the user to access technical data and configurations.
Europe Electric Drives Market Leaders
Robert Bosch GmbH
CEDS DURADRIVE GmbH
Groschopp AG
TECO Electric Europe Ltd.
ABB Ltd.
*Disclaimer: Major Players sorted in no particular order
