MARKET INTRODUCTION
DC drive is an electric device that is used to regulate the speed of DC motor by adjusting the input voltage. The various benefits offered by the DC drive, such as reduce the operational cost by the reduction in energy consumption that increasing the adoption of the DC drive, which influences the growth of the market. Rapid urbanization and industrialization are other factors that augmenting the growth of DC drives market.
MARKET DYNAMICS
The factors such as frequent starting, braking, reversing, and adjustable speed are some of the factors that are anticipating the growth of the DC drive market. The necessity of the use of DC Drives to increasing the shelf life of electric equipment such as DC motors is the major factor that boosting the growth of the Dc drives market. However, the high cost of the DC drive is the key hindering factor for the growth of the market. Growing focus on the implementation of the energy-efficient solution in the industries is expected to driving the growth of the DC drives market.
MARKET SCOPE
The "Global DC Drives Market Analysis to 2028" is a specialized and in-depth study of the DC drives industry with a special focus on the global market trend analysis. The report aims to provide an overview DC drives market with detailed market segmentation by voltage, power rating, end-user, and geography. The global DC drives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading DC drives market players and offers key trends and opportunities in the DC drives market.
MARKET SEGMENTATION
The global DC drives market is segmented on the basis of voltage, power rating, end-user. On the basis of voltage the market is segmented as low voltage, medium voltage. On the basis of power rating the market is segmented as low power drives, medium power drives, high power drives. On the basis of end-user the market is segmented as oil and gas, power generation, food and beverage, metals and mining, chemicals and petrochemicals, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global DC drives market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The DC drives market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting DC drives market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the DC drives market in these regions.
MARKET PLAYERS
The reports cover key developments in the DC drives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from DC drives market are anticipated to lucrative growth opportunities in the future with the rising demand for DC drives in the global market. Below mentioned is the list of few companies engaged in the DC drives market.
The report also includes the profiles of key DC drives companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Bardac Corporation
- Carotron
- CG Power and Industrial Solutions Limited
- Emerson Electric Co.
- Eurotherm (Schneider Electric)
- Mitsubishi Electric Corporation
- PARKER HANNIFIN CORP
- Rockwell Automation, Inc.
- Toshiba International Corporation Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.