Reports

Global DC Drives Market to Grow at a CAGR of 5% During 2021-2026, Aided by the Rising Demand from End Use Segments

DC Drives Market

Global DC Drives Market: By Voltage: Low Voltage, Medium Voltage; By Power Rating; By End Use: Oil and Gas, Water and Wastewater, Power Generation, Building Automation, Food and Beverage, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global DC Drives Market Outlook

The global DC drives market is expected to grow at a CAGR of about 5% in the forecast period of 2023-2028 to reach a value of USD 7.17 billion by 2028.

 

Global DC Drives Market

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Asia Pacific Region Emerging as One of the Leading Markets Driven by Rapid Industrialisation

The Asia Pacific region is one of the leading markets for the DC drives and is expected to have rapid growth. This is because of the rapid industrialisation in the developing nations like China and India. The demand in Asian Pacific regions is aided by the growing population and increasing economic development. North America and Europe will also witness steady growth with the increasing deployment of DC drives in food and beverage sector. Middle East and Africa regional markets will also grow moderately in the future with increase in demand from end use industries.

 

DC Drives: Market Segmentation

DC drive refers to a speed control system driven by DC motor which operates at a required speed by supplying voltage to the motor. These equipment help in reducing the power consumption in motors by moderating the motor speed at variable loads. They can be used in industrial drive applications and have distinct advantages in the regenerative and high-power applications.

 

Global DC Drives Market By power Rating

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On the basis of voltage, industry is segmented into:

  • Low Voltage
  • Medium Voltage

On the basis of power-rating, DC drives are categorised into:

  • Low Power Drives (Up to 250 kW)
  • Medium Power Drives (251 - 500 kW)
  • High Power Drives (500 kW & Above)

The DC drives find their end use in following segments:

  • Oil and Gas
  • Water and Wastewater
  • Power Generation
  • Building Automation
  • Food and Beverage
  • Metals and Mining
  • Chemicals and Petrochemicals
  • Others

The regional markets for DC drives industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global DC Drives Market By Region

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DC Drives Market to be Driven by Operational Benefits over AC Drives

The technology of DC drive has many advantages over its substitute AC drives. The DC drive technology is relatively more efficient in operation and has better cost effectiveness than AC drives. They are also easy to operate and implement. These advantages propel the market demand for the DC drives. The increasing investment in industrialisation in the developing economies is also providing impetus to growth of DC drives industry. With the expansion of manufacturing sector, the demand for DC drives will be further augmented. The end use industries are going to drive the DC drives market. The rapidly expanding chemical processing industry as well as food and beverage sector will lead to a spurt in demand for DC drives.

 

Key Industry Players in the Global DC Drives Market

The report gives a detailed analysis of the following key players in the DC drive market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ABB Ltd.
  • Siemens AG
  • Rockwell Automation Inc.
  • Nidec Motor Corporation
  • Parker Hannifin Corp
  • General Electric
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Voltage, Power Rating, End Use, Region
Breakup by Voltage Low Voltage, Medium Voltage
Breakup by Power Rating Low Power Drives (Up to 250 kW), Medium Power Drives (251 - 500 kW), High Power Drives (500 kW & Above)
Breakup by End Use Oil and Gas, Water and Wastewater, Power Generation, Building Automation, Food and Beverage, Metals and Mining, Chemicals and Petrochemicals, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ABB Ltd., Siemens AG, Rockwell Automation Inc., Nidec Motor Corporation, Parker Hannifin Corp, General Electric, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global DC Drives Market Analysis
    8.1    Key Industry Highlights
    8.2    Global DC Drives Historical Market (2018-2022) 
    8.3    Global DC Drives Market Forecast (2023-2028)
    8.4    Global DC Drives Market by Voltage
        8.4.1    Low Voltage
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Medium Voltage
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global DC Drives Market by Power Rating
        8.5.1    Low Power Drives (Up to 250 kW)
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Medium Power Drives (251 - 500 kW)
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    High Power Drives (500 kW & Above)
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
    8.6    Global DC Drives Market by End Use
        8.6.1    Oil and Gas
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Water and Wastewater
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Power Generation
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Building Automation
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Food and Beverage
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
        8.6.6    Metals and Mining
            8.6.6.1    Historical Trend (2018-2022)
            8.6.6.2    Forecast Trend (2023-2028)
        8.6.7    Chemicals and Petrochemicals
            8.6.7.1    Historical Trend (2018-2022)
            8.6.7.2    Forecast Trend (2023-2028)
        8.6.8    Others
    8.7    Global DC Drives Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028) 
9    North America DC Drives Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe DC Drives  Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific DC Drives Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America DC Drives Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa DC Drives Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    ABB Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Siemens AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Rockwell Automation Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Nidec Motor Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Parker Hannifin Corp
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    General Electric
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global DC Drives Market: Key Industry Highlights, 2018 and 2028
2.    Global DC Drives Historical Market: Breakup by Voltage (USD Billion), 2018-2022
3.    Global DC Drives Market Forecast: Breakup by Voltage (USD Billion), 2023-2028
4.    Global DC Drives Historical Market: Breakup by Power Rating (USD Billion), 2018-2022
5.    Global DC Drives Market Forecast: Breakup by Power Rating (USD Billion), 2023-2028
6.    Global DC Drives Historical Market: Breakup by End Use (USD Billion), 2018-2022
7.    Global DC Drives Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8.    Global DC Drives Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global DC Drives Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America DC Drives Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America DC Drives Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe DC Drives Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe DC Drives Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific DC Drives Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific DC Drives Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America DC Drives Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America DC Drives Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa DC Drives Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa DC Drives Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global DC Drives Market Structure

Key Questions Answered in the Report

What is the growth rate of the global DC drives market?

The global DC drives market is projected to grow at a CAGR of 5% between 2023 and 2028.

What are the major industry drivers?

The major drivers of the market include the expansion of the manufacturing sector, rapidly expanding chemical processing industry and food and beverage sector, growing population, increasing economic development, and increase in demand from end-use industries.

What are the key industry trends of the global DC drives market?

The advantages like efficiency in operation and better cost-effectiveness and the increasing investment in industrialisation are the key industry trends propelling the market's growth.

What are the major regional markets of DC drives, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the segments based on voltage in the market?

Based on voltage, the market is segmented into low voltage and medium voltage.

What is the market division on the basis of power rating?

On the basis of power-rating, DC drives are categorised into low power drives (up to 250 kW), medium power drives (251 - 500 kW), and high-power drives (500 kW & above).

What is the end-use of the market?

The end-uses are oil and gas, water and wastewater, power generation, building automation, food and beverage, metals and mining, chemicals and petrochemicals, among others.

Who are the key industry players,according to the report?

The major players in the industry are ABB Ltd., Siemens AG, Rockwell Automation Inc., Nidec Motor Corporation, Parker Hannifin Corp, and General Electric, among others.

Analyst Review

The global DC drives market was driven by the increasing investment in industrialisation in the historical period. Aided by the expansion of the manufacturing sector and increasing economic development, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 5%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on voltage, the market is segmented into low voltage and medium voltage. On the basis of power-rating, DC drives are categorised into low power drives (up to 250 kW), medium power drives (251 - 500 kW), and high-power drives (500 kW & above). The end-uses are oil and gas, water and wastewater, power generation, building automation, food and beverage, metals and mining, chemicals and petrochemicals, among others. The major regional markets for DC drives are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are ABB Ltd., Siemens AG, Rockwell Automation Inc., Nidec Motor Corporation, Parker Hannifin Corp, and General Electric, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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