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Global MOSFET & IGBT Gate Drivers Market Size, Industry Growth and Forecast 2021-2028, Competitive Analysis | Infineon Technologies, Power Integrations, ON Semiconductor, Microchip – KSU
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Power Over Ethernet Lighting Market to be Driven by Demand for Advanced Technology Coupled with its Extensive Range of Application in Different Sectors Across the Globe in the Forecast Period of 2021-2026
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USD 4.88 million during 2020-2024. Technavio segments the Electric drives market by
product (AC drives and DC drives), end-user (process industry and discrete industry), and geography (APAC, Europe, North America, South America, and MEA). The report identifies the increasing focus on automating manufacturing processes as one of the major factors propelling the market growth.
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Electric Drives Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025
Industrial operators are increasingly adopting automation in their manufacturing processes to maximize productivity and operational efficiencies. This has increased the adoption of electric drives, such as servo drives and AC drives in a majority of applications including conveyors, robotics, and material-handling processes. Besides, any uneven circumstances in the case of electric motors can affect the operational efficiency and result in high O
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