This industry research report presents a detailed segmentation analysis of the DC drives market by product (low voltage and medium voltage) and by end user (food and beverage, textiles, conveyors, automotive, and others). It provides a market shares analysis and market forecast for its key regions, including Americas, EMEA, and APAC. Key findings also include an analysis of the leading vendors such as ABB, Schneider, and Siemens.
Technavio market research analysts estimate the global DC drives market to grow at a CAGR of around 9% between 2015 and 2019, owing to increased demand for retrofitting DC motors with DC drives. APAC holds the largest share in the global DC drives market, accounting for 48% of the market. The rapid industrialization and urbanization in China, India, Japan, and Korea is forecasted to fuel the growth of this region. Furthermore, the presence of leading Japanese vendors such as Mitsubishi Electric and Yaskawa has converted APAC as the most promising market.
The new market research report from Technavio provides a breakdown and analysis of the DC drives segments by product and end-users.
The low-voltage drives (<500 kW) segment is the main revenue contributor of the global DC drives market holding around 84% market share, and is expected to dominate the market through 2019. Demand for low-voltage DC drives has considerably increased in the HVAC, F&B, and power industries. High electricity consumption and more demand for energy-efficient devices is triggering growth of low-voltage motors.
Global low-voltage DC drives market 2014-2019 ($ millions)
Source: Technavio Research
“Growing awareness towards clean technology is pushing the growth of electric vehicles across the globe, especially in US, Japan, China and Germany. Global warming and the need to control the rapid climate change has increased the demand for environment-friendly vehicles. This growing demand is triggering the installation of DC motors in these vehicles, eventually increasing the demand for DC drives in the automotive industry,” says Navin Rajendra, Lead Analyst, Industrial Automation, Technavio Research.
The major players in the global DC drives market are ABB, Schneider Electric, and Siemens. The market is fragmented with intense competition between large automation vendors and small- core vendors. The large automation vendors dominate the low-voltage drives segment and the medium-voltage drives segment of the market while the small-core vendors provide application-specific DC drives to the manufacturing industries.
A more detailed analysis is available in the Technavio report, Global DC Drives Market – Market Analysis 2015-2019.
https://www.technavio.com/%3Cp%3E%3Cu%3E%3Cem%3E%3Cstrong%3EWe%20can%20cu…
