Textile Mill Electric Drives Market
Textile Mill Electric Drive Market Study by Simple Drives and Four Quadrants Servo Drives for Spinning, Weaving, Finishing, Ginning, and Other Applications From 2024 to 2034
Analysis of Textile Mill Electric Drives Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Textile Mill Electric Drive Market Outlook (2024 to 2034)
The global textile mill electric drive market is analyzed to generate a turnover of US$ 1.29 billion in 2024 and is forecasted to reach US$ 1.89 billion by 2034. Demand has been projected to increase at 3.9% CAGR from 2024 to 2034.
Several governments are implementing policies regarding energy efficiency in several industries, particularly in textiles. For instance, the European Union's ErP Directive 2019/1781 sets rigorous energy efficiency standards for electric motors and drives. Governments from more countries are taking steps to reduce energy consumption and greenhouse gas emissions. Utilization of electric drives is increasing in textile mills as they lower energy consumption, which further leads to a decrease in operational expenditures.
Sustainability is becoming one of the prime concerns in the textile sector due to the growing consumer knowledge about resource preservation. Due to this reason, key textile mill electric drive manufacturers are adopting eco-friendly practices, including the use of energy-efficient machinery. In terms of the environment, electric drives are considered better than mechanical drives since they have efficient energy management with fewer carbon emissions. This is encouraging textile mills to switch to electric drives in line with their green manufacturing goals.
- Siemens launched drive systems that are energy-efficient and adhere to strict standards, including the European ErP Directive 2019/1781. They provide textile mills with substantial energy savings with their Simotics SD motors, which surpass the Super Premium Efficiency (IE4) requirements.
Latest technological advancements are positively influencing the market for textile mill electric drives. To harness and reuse energy, market players are introducing electric drives with increased energy efficiency and including features, such as regenerative braking. More textile mills are investing capital into upgrading their current machinery with energy-efficient electric drives to save money and comply with requirements.
Electric drive producers are aiming at several countries, such as China, India, the United States, South Korea, Brazil, and others. China and India are becoming prime focus locations for manufacturers because of increasing opportunities. According to research, China accounts for more than 50% of global textile production, while India contributes approximately 6.9% of the output. Brazil is also grabbing the attention of suppliers and producers of electric drives, as the country has more than 1,00,000 textile manufacturers.
According to research by Fact.MR,
- Valuation of the market in China is projected to reach US$ 187.54 million in 2024.
- The market in India is forecasted to expand at a noteworthy CAGR of 7.2% from 2024 to 2034.
- The United States is analyzed to register revenue of US$ 309.74 million in 2024.
| Report Attribute | Detail |
|---|---|
| Textile Mill Electric Drive Market Size (2024E) | US$ 1.29 Billion |
| Forecasted Market Value (2034F) | US$ 1.89 Billion |
| Global Market Growth Rate (2024 to 2034) | 3.9% CAGR |
| North America Market Share (2024E) | 33.7 % |
| East Asia Market Value (2024E) | US$ 326.51 million |
| South Asia & Pacific Market Growth Rate (2024 to 2034) | 5.8% CAGR |
| Simple Drives Segment Value (2034F) | US$ 1.24 Billion |
| Spinning Segment Value (2034F) | US$ 814.66 Million |
| Key Companies Profiled | ABB; Siemens; Schneider Electric; Rieter; Stäubli; Rockwell Automation; Danfoss; Nidec Corporation; Mitsubishi Electric; Emerson Electric Co.; GE Industrial Solutions |
Continuous collaborations and jointly developed solutions that work well for the entire supply chain of the textile industry are estimated to contribute significantly to the gradual comeback of the global economy. However, factors, such as fluctuations in oil prices, political instability, and global crisis, pose a threat to the textile industry around the globe.
Therefore, the Make in India policy, shifting production facilities to ASEAN countries and revival of the market in America are some of the factors, which further drive the global textile industry as well as impact the growth of the textile mill electric drives market during the forecast period.
Textile mills serve various processes, such as spinning, weaving, and ginning. Spinning is done to produce continuous yams of sufficient strength; weaving is the process of making a uniform layer before the yarn is woven; and the separation of seeds from the cotton is called ginning. Growing demand for special types of drives to enhance productivity and performance in the above-mentioned processes of the textile mills will augment growth in the textile mill electric drives market.
Textile mill electric drives help in controlling the speed of rotation of an electrical machine, thereby helping in optimizing motion control. Therefore, the assembly of an electric motor with sophisticated control systems controlling the rotation of the motor shaft is the typical drive system used in the textile mill electric drives market.
These textile mill electric drives help in controlling the motion of the electrical machines. Controlling has become more accurate along with high ergonomics with the help of the software incorporated.
Textile mill electric drives for weaving possess good cooling capacity to keep the temperatures within limits in case of large power losses. Furthermore, due to the usage of these motors in conditions where the moisture content is high, the cooling facility and rating of the motors are the prime selection criteria.
The motor needs robust construction to withstand several extreme conditions, should be able to develop torque in a short time, and should possess wide speed variation capability and quick response change capability. All of these factors will affect the global textile mill electric drives market.
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Textile Mill Electric Drives Market: Market Dynamics:
Ease of maintenance and low cost of textile mill electric drives are two of the main factors estimated to drive the global textile mill electric drives market over the forecast period. Furthermore, less machine stop time, high quality, and productivity are expected to further augment the growth of the global textile mill electric drives market.
Furthermore, the use of textile mill electric drives in cone crushers helps in providing unique crushing ability in primary, secondary, and tertiary crushing, directly impacting the mill's efficiency and productivity. This is further estimated to drive the global textile mill electric drives market during the forecast period.
However, the use of conventional drives, low awareness amongst end users, and relatively high initial cost hamper the growth of the global textile mill electric drives market during the forecast period.
Textile Mill Electric Drives Market: Regional Outlook
North America is estimated to install electric drives across their textile mills owing to growing demand from end-users for high-quality and short-time delivery. North America is majorly focused on energy-efficient products, along with low-maintenance devices to enhance their productivity.
China, being the top producer and exporter of raw textiles and garments, is expected to install electric drives to meet the global demand to cater to the growing awareness amongst customers and thus, will witness substantial growth in the textile mill electric drives market during the forecast period.
Significant growth in investments in the textile industry and the use of energy-efficient products to enhance output in countries, such as Sri Lanka, Pakistan, and Latin America countries, further augment the global textile mill electric drives market during the forecast period.
Europe is estimated to account for around one-fifth of the textile market around the globe and due to growing awareness about the benefits of electric drives; the region is estimated to employ these electric drives across their textile mills. These points are estimated to augment the growth of the global textile mill electric drives market during the forecast period.
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Textile Mill Electric Drives Market: Key Market Participants:
Some of the key market participants in the global textile mill electric drives market are:
- ABB
- Siemens
- Schneider Electric
- Rieter
- Stäubli
- Rockwell Automation
- Danfoss
- Nidec Corporation
- Mitsubishi Electric
- Emerson Electric Co.
- GE Industrial Solutions
This analytical research study imparts an all-inclusive assessment of the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically upheld market forecasts. A verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report have been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
- Technology
Regional Segments Analyzed Include
- North America (United States, Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, United Kingdom, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessments by leading industry experts and inputs from opinion leaders & industry participants around the value chain.
Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. The qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current, and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis of the performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Segmentation of Textile Mill Electric Drive Market Research
-
By Type :
- Simple Drives
- Four Quadrants Servo Drives
-
By Motor Type :
- Loom Motors
- Card Motors
- Spinning Motors
-
By Application :
- Spinning
- Weaving
- Finishing
- Ginning
- Others
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Electric Drives Type
- 6.2. Motor Type
- 6.3. Application
- 7. Global Market Analysis and Forecast, By Electric Drives Type
- 7.1. Simple Drives
- 7.2. Four Quadrants Servo Drives
- 8. Global Market Analysis and Forecast, By Motor Type
- 8.1. Loom Motors
- 8.2. Card Motors
- 8.3. Spinning Motors
- 9. Global Market Analysis and Forecast, By Application
- 9.1. Spinning
- 9.2. Weaving
- 9.3. Finishing
- 9.4. Ginning
- 9.5. Others
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Electric Drives Type, Motor Type, and Application for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. TECO Group
- 20.2. Yaskawa Electric Corporation
- 20.3. NORD DRIVESYSTEMS PVT. LTD.
- 20.4. Fuji Electric Co., Ltd.
- 20.5. STORK
- 20.6. Andrew Industries Ltd.
- 20.7. Sumitomo Heavy Industries, Ltd.
- 20.8. UMEB ELEKTROMOTOREN
- 20.9. Siemens Electrical Drives Ltd. (SEDL)
- 20.10. Wolong
- 20.11. ABB
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Electric Drives Type
Table 03: Global Market US$ Mn Forecast by Motor Type
Table 04: Global Market US$ Mn Forecast by Application
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Electric Drives Type
Table 07: North America Market US$ Mn Forecast by Motor Type
Table 08: North America Market US$ Mn Forecast by Application
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Electric Drives Type
Table 11: Latin America Market US$ Mn Forecast by Motor Type
Table 12: Latin America Market US$ Mn Forecast by Application
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Electric Drives Type
Table 15: Western Europe Market US$ Mn Forecast by Motor Type
Table 16: Western Europe Market US$ Mn Forecast by Application
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Electric Drives Type
Table 19: Eastern Europe Market US$ Mn Forecast by Motor Type
Table 20: Eastern Europe Market US$ Mn Forecast by Application
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Electric Drives Type
Table 23: East Asia Market US$ Mn Forecast by Motor Type
Table 24: East Asia Market US$ Mn Forecast by Application
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Electric Drives Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Motor Type
Table 28: South Asia & Pacific Market US$ Mn Forecast by Application
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Electric Drives Type
Table 31: MEA Market US$ Mn Forecast by Motor Type
Table 32: MEA Market US$ Mn Forecast by Application
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Electric Drives Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Electric Drives Type
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Electric Drives Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Electric Drives Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Electric Drives Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Electric Drives Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Electric Drives Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Electric Drives Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much growth is the textile mill electric drives market evaluated to register during the forecast period?
The textile mill electric drives market is forecasted to record a CAGR of 3.9% during the forecast period.
Why textile mill electric drives market have high growth potential?
The textile mill electric drives market has high growth potential due to the usage of these motors in conditions where moisture content is high.
Where will manufacturers find the most opportunities in the textile mill electric drives industry?
The manufacturers of the textile mill electric drives industry are analyzed to find the most opportunities in North America.
Textile Mill Electric Drives Market