Global DC Drives Market Report 2021: Market to Surpass $5 Billion by 2026 - DC Drives Remain Indispensable Component for Various Industrial Applications

Dublin, Nov. 16, 2021 (GLOBE NEWSWIRE) -- The "DC Drives - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global DC Drives Market to Reach $5.1 Billion by 2026

Global market for DC Drives estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2026, growing at a CAGR of 3.9% over the analysis period.

DC drives have gained significant adoption in industrialized countries owing to continuous automation with electronic and electrical devices. The increasing popularity of DC drives can also be attributed to their simple operations, speed-related flexibility and simple start-stop functions.

The growing adoption of these drives is also favored by their affordable prices. The global market for DC drives is propelled by increasing implementation of these drives within the power sector coupled with industrial development, announcement of new projects and increasing investments by companies.

The continuous growth of industrial infrastructure and expansion of manufacturing units in developing economies are anticipated to further bolster the market growth. Rapid industrialization and urbanization along with increasing applications across processing industries are bound to create strong demand for DC motors.

While cost-effectiveness is likely to remain a key driver, factors such as technical benefits and increasing focus on energy-efficient systems are slated to augment the market expansion. Ongoing efforts by manufacturers to improve energy efficiency associated with DC drives are anticipated to drive adoption.

In addition, companies are benefitting from continuous advances in DC drive firmware for all voltage and configuration settings. The market is anticipated to witness new opportunities due to ongoing product development endeavors and the requirement to enhance communication options for control features.

On the other hand, DC drives are poised to gain from increasing investments in smart city initiatives and robust industrial demand. Regionally, emerging economies are likely to offer lucrative growth prospects, while industrially developed nations are anticipated to become mature markets with limited growth prospects.

While China remains the primary DC drives market owing to rapid industrialization, developing nations like India and Brazil are expected to make a healthy contribution to the global market.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Subdued Industrial Activity Amid Pandemic Induced Restrictions Impacts Demand for Drives and Motors

• DC Drives: Effective Motion Control Systems for DC Motors

• Working Principle

• Analog DC Drives

• Digital DC Drives

• AC Versus DC Drives

• DC Drives Remain Indispensable Component for Various Industrial Applications

• Medium Voltage Drives & Oil & Gas Industry: Key Segments

• Global Market Prospects & Outlook

• Asia-Pacific Maintains Leadership Position in Global DC Drives Market

• Recent Market Activity

• World Brands

2. FOCUS ON SELECT PLAYERS(Total 39 Featured)

• ABB Ltd.

• American Electric Technologies, Inc.

• Crompton Greaves Ltd.

• Danfoss A/S

• Emerson Electric Co.

• GE Power Conversion

• KB Electronics

• Mitsubishi Electric Corporation

• Parker Hannifin Corporation

• Rockwell Automation Inc.

• Schneider Electric SA

• Siemens AG

• Toshiba International Corporation (TIC)

3. MARKET TRENDS & DRIVERS

• As Automation Becomes Part of Growing Industries, Processes and Factories, Demand DC Drives Remains Relevant

• Growing Importance of Automation in Metals & Mining Operations Presents Favorable Opportunities

• Digital Transformation of Pharmaceutical Industry Presents New Avenues for DC Drives

• Rising Application of DC Drives in Food & Beverage Processing to Give a Boost to the Market

• Recovery in Oil and Gas Sector to Support Demand for DC Drives

• Notable Growth Prospects for EOR to Benefit Demand

• DC Drives Get More Attention in Oil & Gas Industry with Deeper Drilling Operations

• Rise in Investments in Water and Wastewater Treatment Projects to Drive Demand

• Rise in Application of DC Drives in Power Generation

• Strong Pressure to Cut Carbon Footprint Drives Demand for Energy Efficient Drives

• Correlation between Increase in Motor Drive Efficiency & CO2 Emissions

• New DC Drives Score over DC Counterparts in Motion Control for Industrial Applications

• Digital DC Drives Gain Traction Over Analog DC Drives

• Role of Silicon Controlled Rectifiers (SCRs) in Operation of DC Drives

• Design Trends in DC Drives

• Digital DC Drives at High Power Rating

• PWM Drives at Low Power Rating

• Use of Permanent Magnet DC Motor for Servo Applications

• Latest Technological Trends with Potential to Drive Broader Adoption of Brushless DC Motors and Drives

• A Glimpse of Key Trends in Servo Drives Market

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

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