Electric Drives

Electric Drives Market Outlook

The global Electric Drives market is projected to reach USD 220 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2025 to 2035. This growth is primarily driven by the increasing demand for energy-efficient systems across various industries, coupled with the rising adoption of automation in manufacturing processes. Additionally, the shift towards renewable energy sources is propelling the use of electric drives, as they play a crucial role in enhancing the efficiency of electric motors and reducing overall energy consumption. Furthermore, technological advancements in drive systems, such as the integration of IoT and AI, are enabling better performance and control, thus catalyzing the market's expansion. The ongoing trend of urbanization and industrialization in emerging economies is also contributing to the growing demand for electric drives across multiple sectors.

Growth Factor of the Market

The Electric Drives market is experiencing substantial growth due to several pivotal factors. The increasing focus on energy efficiency and sustainability across various sectors is pushing industries to replace traditional systems with electric drives that offer improved performance and reduced energy consumption. Additionally, the surge in industrial automation and robotics is necessitating advanced drive systems to ensure precision and reliability in operations. The automotive sector's transition towards electric vehicles (EVs) is another significant driver, as electric drives are integral to the functioning of EVs, enhancing their performance and efficiency. Furthermore, government initiatives promoting renewable energy sources and electrification of industrial processes are further bolstering the electric drives market. The convergence of technology, involving IoT and smart manufacturing, has added another layer of growth potential, allowing for real-time monitoring and optimization of electric drive systems.

Key Highlights of the Market

• The Electric Drives market is expected to reach USD 220 billion by 2035, growing at a CAGR of 5.6% from 2025 to 2035.
• Energy efficiency and sustainability are driving the adoption of electric drive systems across various industries.
• The automotive sector's shift towards electric vehicles is significantly boosting the demand for electric drives.
• Technological advancements, including IoT integration, are enhancing the performance of electric drive systems.
• Government initiatives promoting renewable energy and industrial electrification are expected to further stimulate market growth.

By Motor Type

AC Motors:

AC motors are widely utilized in the Electric Drives market due to their robustness and efficiency. They are preferred for applications that require a constant speed operation, making them ideal for fans, pumps, and compressors. The growing need for energy-efficient systems has led to significant advancements in AC motor technology, including the development of variable frequency drives (VFDs) that allow for precise speed control and improved energy management. Moreover, the increasing adoption of AC motors in industrial applications such as conveyor systems and HVAC systems is further driving the market's growth. Their ability to operate in harsh environments without the need for regular maintenance adds to their appeal among manufacturers, reinforcing their dominance in the electric drives segment.

DC Motors:

DC motors are another crucial component of the Electric Drives market, known for their ability to provide high torque at low speeds. They are commonly used in applications requiring precise speed control and high starting torque, such as electric vehicles, robotics, and automation systems. The versatility of DC motors, combined with advancements in brushless technology, has enhanced their efficiency and performance. As industries continue to emphasize automation and precision, the demand for DC motors is expected to rise significantly. Their simplicity in design and ease of control further contribute to their popularity, making them a vital segment of the electric drives market.

Hermetic Motors:

Hermetic motors are specifically designed for applications that require a sealed environment to protect against contaminants such as moisture and dust. This makes them particularly valuable in industries like food and beverage, pharmaceuticals, and HVAC systems. The global push for hygiene and safety in production processes is driving the demand for hermetic motors due to their ability to maintain cleanliness and prevent contamination. Additionally, advancements in hermetic sealing technologies are enhancing the performance and reliability of these motors, making them a preferred choice in critical applications. As industries continue to prioritize safety and efficiency, hermetic motors are poised for significant growth within the electric drives market.

Stepper Motors:

Stepper motors play a vital role in the Electric Drives market, particularly in applications that require precise positioning and control. Their ability to move in discrete steps allows for accurate control of rotary and linear motion, making them ideal for CNC machines, 3D printers, and automated assembly lines. The increasing trend towards automation in manufacturing processes is significantly boosting the demand for stepper motors, as they provide the precision and reliability needed for such applications. Moreover, advancements in control technologies are facilitating better performance and integration of stepper motors into complex systems, further driving their adoption in various industries.

Servo Motors:

Servo motors are essential components in the Electric Drives market, renowned for their precise control of angular or linear position, velocity, and acceleration. They are widely used in robotics, conveyor systems, and automated manufacturing processes where precision is critical. The rising trend of automation and smart manufacturing is significantly propelling the demand for servo motors, as they are integral to robotic and automated solutions. Additionally, advancements in servo technology, such as the integration of feedback systems and digital control, are enhancing their performance, making them a preferred choice for high-performance applications. As industries continue to evolve towards automation and efficiency, the demand for servo motors is expected to grow substantially.

By Voltage

Low Voltage Drives:

Low voltage drives (up to 1,000 volts) are commonly used in various applications, making them a significant segment within the Electric Drives market. They are particularly favored in industrial settings where the demand for energy-efficient operations is paramount. The growing need for automation and improved energy management systems is driving the adoption of low voltage drives. These drives are known for their simplicity, affordability, and ease of installation, making them ideal for applications in HVAC systems, fans, and pumps. Furthermore, the continuous advancements in technology are enhancing the capabilities of low voltage drives, allowing for better control, monitoring, and integration into smart systems, ultimately augmenting their market share.

Medium Voltage Drives:

Medium voltage drives (ranging from 1,000 to 35,000 volts) cater to larger industrial applications and are essential for controlling high-power equipment. They are commonly used in industries such as oil and gas, power generation, and mining, where high efficiency and reliability are crucial. The demand for medium voltage drives is significantly driven by the increasing focus on energy efficiency and the need to reduce operational costs in large-scale operations. These drives facilitate better control of motors, which translates into improved system performance and reduced energy consumption. As industries increasingly prioritize the transition towards energy-efficient technologies, the medium voltage drive segment is expected to see substantial growth.

High Voltage Drives:

High voltage drives (above 35,000 volts) are essential for very large motors and are predominantly used in heavy industrial applications. The Electric Drives market for high voltage drives is growing as industries seek to optimize their energy consumption and improve operational efficiency. High voltage drives are crucial in applications such as mining, power generation, and large-scale manufacturing processes. The increasing emphasis on automation and the need for precise control over high-power equipment are driving the demand for high voltage drives. Advancements in technology, including the integration of energy-saving features and smart monitoring systems, are enhancing the attractiveness of high voltage drives, further propelling their growth within the market.

By User

Automotive:

The automotive sector is a significant user of electric drives, primarily due to the ongoing transition towards electric vehicles (EVs). As governments worldwide implement stricter regulations on emissions, the demand for electric drives in vehicles is set to rise sharply. Electric drives are critical in ensuring efficient performance, longevity, and safety in electric and hybrid vehicles. Furthermore, as the automotive industry continues to innovate with advanced driver assistance systems and automation, electric drives are becoming an integral component, enhancing vehicle functionality. The increasing consumer acceptance of EVs is driving investment in electric drive technologies, which will undoubtedly shape the future of the automotive landscape.

Industrial:

The industrial sector remains one of the largest users of electric drives, leveraging their capabilities to enhance operational efficiency and reduce energy consumption. Industries ranging from manufacturing to chemical processing rely heavily on electric drives for various applications, including conveyor systems, pumps, and compressors. The ongoing trend of industrial automation is significantly boosting the demand for electric drives as businesses look to optimize their processes and improve productivity. Additionally, the ability of electric drives to provide precise control over machinery and equipment is vital in maintaining quality and consistency, further driving their adoption across diverse industrial applications.

Oil & Gas:

The oil and gas sector is increasingly adopting electric drives to enhance operational efficiency and reduce energy consumption in exploration, extraction, and refining processes. Electric drives play a crucial role in controlling pumps, compressors, and other equipment in this industry, where reliability and efficiency are paramount. The push towards sustainability and reduced emissions is driving the shift from traditional mechanical drives to electric alternatives, which offer improved performance and lower operational costs. Moreover, advancements in electric drive technologies are facilitating better integration into existing systems, providing oil and gas companies with the tools they need to optimize their operations while adhering to environmental regulations.

Power Generation:

Electric drives are integral to the power generation sector, particularly in renewable energy applications such as wind and solar. They are employed in various systems, including generators and energy storage solutions, to enhance efficiency and reliability. As the global demand for clean energy continues to rise, the adoption of electric drives in power generation is expected to expand significantly. The need for efficient control and monitoring systems in power plants is further driving the demand for electric drives, as they facilitate better energy management and integration with smart grid technologies. The ongoing investments in renewable energy infrastructure are also contributing to the growth of electric drives in this sector.

Residential:

In the residential sector, electric drives are increasingly being utilized for applications such as HVAC systems, appliances, and home automation. The growing awareness of energy efficiency and the need for sustainable living solutions are propelling the adoption of electric drives in homes. With advancements in smart home technologies, electric drives are becoming more integrated into home systems, allowing for better control and energy management. This trend is also being supported by government initiatives promoting energy-efficient appliances and systems, further driving the demand for electric drives in the residential market. As consumers continue to seek out energy-saving solutions, the residential segment is poised for substantial growth in the coming years.

By Application

Pumps:

Pumps are among the most significant applications of electric drives, as they are used across various industries, including water treatment, oil and gas, and manufacturing. Electric drives enhance the efficiency and control of pumps, allowing for precise flow regulation and energy savings. The increasing emphasis on water conservation and efficient resource management is driving the demand for electric drives in pump applications. Additionally, advancements in variable frequency drives (VFDs) are enabling better control over pump operations, further propelling their adoption. As industries continue to seek out ways to optimize their processes and reduce energy consumption, electric drives for pumps are expected to see sustained growth.

Fans:

Fans represent another key application of electric drives, used extensively in HVAC systems, industrial ventilation, and cooling processes. The adoption of electric drives in fans enhances operational efficiency and provides better control over airflow and energy consumption. With the increasing focus on energy-efficient solutions and environmental sustainability, the demand for electric drives in fan applications is expected to rise significantly. Furthermore, advancements in drive technology, including smart control systems, are enabling more flexible and responsive fan operations, further driving market growth. As regulations on energy efficiency continue to tighten, the market for electric drives in fan applications is likely to expand.

Conveyors:

Electric drives are essential in conveyor systems, widely used in manufacturing, logistics, and material handling applications. They provide precise control over conveyor speed and direction, enhancing productivity and efficiency in automated systems. The growing trend of automation in various industries is significantly boosting the demand for electric drives in conveyor applications. Moreover, the ability of electric drives to reduce energy consumption and maintenance costs is making them an attractive choice for businesses looking to optimize their operations. As industries increasingly adopt automated solutions to streamline their processes, the market for electric drives in conveyor systems is set to grow.

Compressors:

Electric drives play a critical role in compressor applications across several industries, including refrigeration, air conditioning, and industrial processes. They enable precise control over compressor operations, enhancing efficiency and performance. With the increasing demand for energy-efficient solutions, electric drives are becoming the preferred choice for compressor systems, as they facilitate better energy management and reduce operational costs. Additionally, advancements in drive technology, such as variable speed drives, are improving the performance and reliability of compressors, further driving their adoption in various applications. As industries continue to prioritize energy efficiency, the demand for electric drives in compressor applications is expected to rise.

Extruders:

Electric drives are critical in extruder applications, particularly in the plastics and food processing industries. They provide precise control over the extrusion process, ensuring consistent product quality and minimizing waste. The increasing need for efficiency and quality control in manufacturing processes is driving the demand for electric drives in extruder applications. Furthermore, advancements in electric drive technologies are enabling better integration with automation systems, enhancing overall productivity. As industries continue to focus on optimizing their processes and improving sustainability, the market for electric drives in extruders is expected to witness significant growth.

By Region

The Electric Drives market exhibits dynamic growth across various regions, each contributing to the overall expansion of the industry. North America, with a market share of approximately 25%, is at the forefront of this growth, driven by technological advancements and a strong industrial base. The presence of numerous key players and a growing focus on energy efficiency are propelling the adoption of electric drives in this region. The CAGR for North America is projected to be around 5.4%, reflecting ongoing investments in automation and sustainable technologies. In Europe, the market is expected to witness a similar growth trajectory, as countries ramp up their efforts toward reducing carbon emissions and transitioning to renewable energy sources. The European market is anticipated to grow at a CAGR of 5.8%, highlighting the region's commitment to energy-efficient solutions and innovative technologies.

Asia Pacific is also emerging as a significant player in the Electric Drives market, accounting for nearly 35% of the global market share. The rapid industrialization and urbanization in countries like China and India are significant contributors to this growth, driving demand across various sectors such as manufacturing, automotive, and renewable energy. With a projected CAGR of 6.2%, the Asia Pacific region is expected to dominate the electric drives market in the coming years, supported by increasing investments in infrastructure and automation technologies. Meanwhile, Latin America and the Middle East & Africa represent smaller but essential markets, collectively making up around 15% of the global market share. The focus on modernization and energy efficiency in these regions is gradually boosting the demand for electric drives, indicating future growth potential.

Opportunities

The Electric Drives market is poised for significant opportunities in the coming years, primarily driven by the ongoing transition towards renewable energy and sustainability. As more industries and governments prioritize energy efficiency and carbon footprint reduction, the demand for electric drives is expected to surge. The growing trend of electrification in transportation, particularly with the rise of electric vehicles (EVs), presents a substantial opportunity for electric drive manufacturers. Additionally, advancements in technologies such as IoT, artificial intelligence, and machine learning are opening new avenues for innovation in electric drives, leading to enhanced performance, real-time monitoring, and predictive maintenance capabilities. Companies that invest in research and development to create smarter, more energy-efficient electric drives will likely gain a competitive edge in the market.

Moreover, the increasing focus on automation and smart manufacturing systems offers immense opportunities for electric drives, as they play a crucial role in enhancing precision, reliability, and efficiency in industrial processes. The integration of electric drives into Industry 4.0 frameworks allows for improved connectivity and interoperability, making them an essential component in future manufacturing setups. Additionally, the potential for retrofitting existing systems with advanced electric drive technologies provides a lucrative market for both new and established players. As industries continue to evolve and adapt to changing operational requirements, the Electric Drives market is well-positioned to capitalize on these emerging opportunities, driving growth and innovation in the years to come.

Threats

Despite the promising outlook for the Electric Drives market, several threats could potentially hinder its growth. One of the primary challenges is the high initial investment associated with electric drive technologies, which may act as a barrier for small and medium enterprises looking to transition from traditional systems. These companies often have limited budgets and may find it difficult to justify the costs associated with upgrading their equipment to more energy-efficient electric drives. Additionally, the rapid pace of technological advancements means that businesses need to continuously invest in the latest technologies to remain competitive, which could strain their financial resources. Furthermore, fluctuations in raw material prices and supply chain disruptions can impact production costs and lead to increased prices for electric drives, potentially deterring customers.

Another notable threat to the Electric Drives market is the challenge of skill shortages within the workforce. As industries adopt more advanced technologies, the demand for skilled professionals who can operate and maintain electric drive systems is increasing. However, the limited availability of trained personnel can hinder the implementation and optimization of these systems, reducing their overall effectiveness. Moreover, the growing concern regarding cybersecurity in smart manufacturing and IoT-enabled systems poses a risk to the adoption of electric drives, as vulnerabilities in connected devices could lead to significant operational disruptions. Companies must address these challenges to ensure the continued growth and success of the electric drives market.

Competitor Outlook

• Siemens AG
• Schneider Electric
• ABB Ltd.
• Rockwell Automation, Inc.
• General Electric Company
• Mitsubishi Electric Corporation
• Yaskawa Electric Corporation
• Emerson Electric Co.
• Honeywell International Inc.
• Hitachi, Ltd.
• Invertek Drives Ltd.
• Danaher Corporation
• Delta Electronics, Inc.
• Nord Drivesystems
• LG Electronics Inc.

The Electric Drives market is characterized by a competitive landscape, with numerous players vying for market share through innovative technologies and strategic partnerships. Major companies in this sector are focusing on research and development to create energy-efficient and high-performance electric drives that cater to diverse industrial applications. Additionally, many key players are investing in automation and IoT solutions to enhance the functionality and connectivity of their electric drive systems. This emphasis on technological advancement is vital in maintaining competitiveness in a rapidly evolving market.

Siemens AG is a leading player in the electric drives market, recognized for its extensive portfolio of drive technologies, including synchronous and asynchronous motors, variable frequency drives, and integrated automation solutions. The company's commitment to sustainability and energy efficiency has positioned it favorably within the market. Similarly, ABB Ltd. has established itself as a major player through its innovative offerings in power and automation technologies, including electric drives that cater to various industries such as energy, manufacturing, and transportation. ABB's focus on digital solutions and smart manufacturing enhances its competitive edge, enabling it to address the evolving needs of its customers.

Other notable companies, such as Schneider Electric and Rockwell Automation, are also making significant strides in the Electric Drives market. Schneider Electric is known for its comprehensive range of energy management and automation solutions, which includes electric drives designed to optimize energy efficiency and enhance operational performance. Rockwell Automation, on the other hand, emphasizes smart manufacturing and industrial automation, providing electric drives that enable seamless integration and control within connected systems. As these companies continue to innovate and adapt to changing market dynamics, they are likely to play a crucial role in shaping the future of the Electric Drives market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ABB Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Siemens AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Hitachi, Ltd.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Nord Drivesystems
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Schneider Electric
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Danaher Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 LG Electronics Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Emerson Electric Co.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Invertek Drives Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Delta Electronics, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 General Electric Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Rockwell Automation, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Honeywell International Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Yaskawa Electric Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Mitsubishi Electric Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Electric Drives Market, By User
    • 6.1.1 Automotive
    • 6.1.2 Industrial
    • 6.1.3 Oil & Gas
    • 6.1.4 Power Generation
    • 6.1.5 Residential
  • 6.2 Electric Drives Market, By Voltage
    • 6.2.1 Low Voltage Drives
    • 6.2.2 Medium Voltage Drives
    • 6.2.3 High Voltage Drives
  • 6.3 Electric Drives Market, By Motor Type
    • 6.3.1 AC Motors
    • 6.3.2 DC Motors
    • 6.3.3 Hermetic Motors
    • 6.3.4 Stepper Motors
    • 6.3.5 Servo Motors
  • 6.4 Electric Drives Market, By Application
    • 6.4.1 Pumps
    • 6.4.2 Fans
    • 6.4.3 Conveyors
    • 6.4.4 Compressors
    • 6.4.5 Extruders

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Electric Drives Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Electric Drives market is categorized based on

By Motor Type

• AC Motors
• DC Motors
• Hermetic Motors
• Stepper Motors
• Servo Motors

By Voltage

• Low Voltage Drives
• Medium Voltage Drives
• High Voltage Drives

By User

• Automotive
• Industrial
• Oil & Gas
• Power Generation
• Residential

By Application

• Pumps
• Fans
• Conveyors
• Compressors
• Extruders

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Siemens AG
• Schneider Electric
• ABB Ltd.
• Rockwell Automation, Inc.
• General Electric Company
• Mitsubishi Electric Corporation
• Yaskawa Electric Corporation
• Emerson Electric Co.
• Honeywell International Inc.
• Hitachi, Ltd.
• Invertek Drives Ltd.
• Danaher Corporation
• Delta Electronics, Inc.
• Nord Drivesystems
• LG Electronics Inc.