According to a new market research report published by Global Insight Services “DC Drives Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
DC drives are devices that regulate the speed and torque of electric motors by controlling the flow of direct current (DC) to the motor. DC drives are used in a wide range of applications, from small electric motors in home appliances to large industrial motors that power factory equipment.
There are two main types of DC drives: linear and switch-mode. Linear DC drives use a linear power amplifier to control the DC motor. Switch-mode DC drives use a switch-mode power amplifier to control the DC motor.
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Key Players
- ABB
- Siemens
- Schneider Electric
- Yaskawa
- Danfoss
- Eaton
- WEG
- Kollmorgen
Key Trends
In the past decade, the development of DC drives technology has been driven by the need for more energy-efficient and environmentally-friendly solutions. The trend towards more efficient and higher-performing drives has resulted in the development of new technologies such as brushless DC (BLDC) drives, permanent magnet (PM) DC drives, and hybrid DC drives.
BLDC drives are more efficient than traditional DC drives as they do not require the use of brushes and commutators. This results in lower maintenance costs and improved reliability. BLDC drives are also smaller and lighter than traditional DC drives, making them more suitable for applications where space is limited.
Key Drivers
The DC drives market is primarily driven by the increasing demand for energy-efficient and eco-friendly technologies. The need to reduce carbon emissions and save energy has resulted in the development of more efficient and cost-effective DC drives. In addition, the increasing adoption of DC drives in the automotive and aerospace industries is another key driver of the DC drives market.
The automotive industry is the largest consumer of DC drives, accounting for more than 50% of the total demand. The growing demand for electric vehicles is one of the key drivers of the DC drives market in the automotive industry. The need for efficient and powerful DC drives for electric vehicles is expected to drive the market in the coming years.
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Market Segments
By Voltage
- Low Voltage
- Medium Voltage
By Type
- Linear
- Switch Mode
By End-Use Industry
- Oil & Gas
- Power Generation
- Water & Wastewater
- Building Automation
- Food & Beverage
- Metals & Mining
- Chemicals & Petrochemicals
- Pharmaceuticals
Reasons to buy DC Drives Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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