This research service describes the trends in the global electric drives market in the elevators, cranes, and hoists segments and provides an insight into its future. Drivers and restraints have been delineated along with an analysis of prospects for growth. A forecast of the market revenue with supporting ideas adds value to this study. Market fluctuations in the recent past (2008-2010) have been presented along with the forecasts for 2012-2016. The market has been segmented based on end-user segments and geographies.