World DC Drives Market - Opportunities and Forecasts, 2020-2027
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Mar 2020 |
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DC drive is defined as an electric device, which is used for controlling the speed of DC motors by adjusting the input voltage or amperage or both. Reduction in operational cost savings and increasing the shelf life of electric equipment such as DC motors are the prime factors that have necessitated the application of DC Drives.
Rapid urbanization & increasing pace of industrialization are the key factors boosting the growth of the DC drives market. The high cost of DC technology is a key factor that hampers the growth of this factor. The need for attaining energy efficiency offers ample growth opportunities to this markets growth. The DC drives market faces stiff competition from DC Drives which forms a key market challenge
The report segments the market on the basis of voltage, power rating, end-use industries and region. On the basis of voltage, the market is segmented into low voltage & medium voltage. On the basis of applications, the market is segmented into pumps, fans, compressors, conveyors, extruders among other applications. On the basis of end-use industry, the DC Drives market is segmented into oil & gas, power generation, water & wastewater, building automation, food & beverage, metals & mining, chemicals & petrochemicals among other industries. On the basis of power rating the market is segmented into low power drives, medium power drives and high power drives. On the basis of region, the market is segmented into Asia-Pacific, Europe, North America Middle East & Africa and South America. Each of these regions is segmented into voltage, power rating (kW), end-use industry and countries.
Prominent companies operating in this market are 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. and Ge Power Conversion.
KEY MARKET SEGMENTS:
- The report provides a comprehensive analysis of current & future market trends, key market challenges and emerging avenues for the growth of the market globally.
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DC DRIVES MARKET KEY SEGMENTS:
Market By Voltage
- Low Voltage
- Medium Voltage
Market By End-Use Industry
- Oil & Gas
- Power Generation
- Water & Wastewater
- Building Automation
- Food & Beverage
- Metals & Mining
- Chemicals & Petrochemicals
- Other Industries
Market By Power Rating (kW)
- Low Power Drives
- Medium Power Drives
- High Power Drives
Market By Region
- Asia-Pacific
- By Voltage
- By Power Rating (Kw)
- By End-Use Industry
- By Country
- Europe
- By Voltage
- By Application
- By Power Rating (Kw)
- By End-Use Industry
- By Country
- North America
- By Voltage
- By Power Rating (Kw)
- By End-Use Industry
- By Country
- Middle East & Africa
- By Voltage
- By Power Rating (Kw)
- By End-Use Industry
- By Country
- South America
- By Voltage
- By Power Rating (Kw)
- By End-Use Industry
- By Country
Key Market Player
- 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.
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