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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 (2017-2027); 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 2022-2027 to reach a value of USD 6.5 billion by 2026.
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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: Industry Definition and 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.
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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.
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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 industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, EMR’s 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global DC Drives Market Analysis
8.1 Key Industry Highlights
8.2 Global DC Drives Historical Market (2017-2021)
8.3 Global DC Drives Market Forecast (2022-2027)
8.4 Global DC Drives Market by Voltage
8.4.1 Low Voltage
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Medium Voltage
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global DC Drives Market by Power Rating
8.5.1 Low Power Drives (Up to 250 kW)
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Medium Power Drives (251 - 500 kW)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 High Power Drives (500 kW & Above)
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.6 Global DC Drives Market by End Use
8.6.1 Oil and Gas
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Water and Wastewater
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Power Generation
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Building Automation
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Food and Beverage
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Metals and Mining
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.6.7 Chemicals and Petrochemicals
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2017-2021)
8.6.7.3 Forecast Trend (2022-2027)
8.6.8 Others
8.7 Global DC Drives Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 ABB Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Siemens AG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Rockwell Automation Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Nidec Motor Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Parker Hannifin Corp
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 General Electric
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global DC Drives Market: Key Industry Highlights, 2016 and 2026
2. Global DC Drives Historical Market: Breakup by Voltage (USD Billion), 2017-2021
3. Global DC Drives Market Forecast: Breakup by Voltage (USD Billion), 2022-2027
4. Global DC Drives Historical Market: Breakup by Power Rating (USD Billion), 2017-2021
5. Global DC Drives Market Forecast: Breakup by Power Rating (USD Billion), 2022-2027
6. Global DC Drives Historical Market: Breakup by End Use (USD Billion), 2017-2021
7. Global DC Drives Market Forecast: Breakup by End Use (USD Billion), 2022-2027
8. Global DC Drives Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global DC Drives Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America DC Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America DC Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe DC Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe DC Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific DC Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific DC Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America DC Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America DC Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa DC Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa DC Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global DC Drives Market Structure
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