A DC drive is an electrical device used to regulate the speed of a DC motor by controlling the input voltage and/or amperage to the DC motor. It also rectifies the AC power input into DC feed for the motors. Its primary advantages are increased energy savings and reduced motor wear. It is majorly used for variable torque application in industries such as oil & gas, water & wastewater, and mining. Global DC drives market has been segmented based on voltage into low and medium voltage DC drives. The market has also been segmented based on power ratings into low, medium, and high power DC drives. The major end-use industries covered into this report are oil & gas, water & wastewater, power generation, building automation, food & beverages, metals & mining, chemicals & petrochemicals, and others, where others include cement, chemical, and pulp & paper. The regions considered in this report are Asia-Pacific, North America, Europe, Middle East & Africa, and South America. Information regarding the key countries in each region, such as the U.S., Canada, Mexico, China, India, Japan, Australia, Germany, the U.K., Russia, France, Brazil, Saudi Arabia, UAE, and South Africa, among others has also been included in this report.
The global DC Drives market is valued at US$ 1857.6 million in 2020 is expected to reach US$ 2052.3 million by the end of 2026, growing at a CAGR of 1.4% during 2021-2026.
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(This is our latest offering and this report also analyzes the impact of COVID-19 on DC Drives market and updated by the current situation, especially the forecast)
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
The major players in the market include ABB Ltd., Siemens AG, Schneider Electric Se, Rockwell Automation, Mitsubishi Electric Corporation, Crompton Greaves Limited, Toshiba International Corporation Ltd., Danfoss Group, Parker Hannifin Co., Emerson Electric Co., American Electric Technologies Inc., GE Power Conversion, KB Electronics, etc.
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Global DC Drives Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the DC Drives market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global DC Drives Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
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