London, 07 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global DC Drives Market 2014-2018, which is expected to grow at a CAGR of 44.99 percent during the period 2014-2018.
Direct Current drives are widely used in the manufacturing industries to regulate and control electrical devices such as fans, conveyors, machine spindles, and pumps during the production process. The Global DC Drives market is dominated by the Asia Pacific region, followed by Europe. The market is mainly driven by the Manufacturing and Process industries. Process industries have increasingly adopted low-end and medium-range voltage drives to regulate and control DC motors, thus enhancing the growth of the market.
Active Front End Infeed technology helps the common DC bus drive system to achieve a level of energy saving. AFE-controlled drives can have a power factor of more than 0.99. Power factor is a measure of how effectively electrical power is being used. A high power factor (approaching unity) indicates efficient use of the electrical distribution system, while a low power factor indicates poor use of the system.
Key Market Drivers
- Demand from the APAC Region
- Demand from Process Industries
- Demand for DC Low-voltage Drives
- Need for Energy-efficient Drives
Key Market Trends
- Demand for End-to-end Systems
- Development of High-end Drives
- Development of Next-generation Drives
- Demand for Application-specific Drives
“DC motors are preferred over AC motors for applications in electric motorbikes. New developments are taking place in DC drive technology because of increased demand for DC motors in electric motorbikes,” says Faisal Ghaus, Vice President of TechNavio.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
