Bharat Book Bureau Provides the Trending Market Research Report on “Global DC Drives Market Report 2023” under Heavy Industry Category. The report offers a collection of superior market research, market analysis, competitive intelligence, and industry reports.
The DC Drives Market size will grow from USD 2.21 Billion in 2017 to USD 2.67 Billion by 2023, at an estimated CAGR of 3.2%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Increasing demand for electricity along with rising electricity costs has raised a need for energy-efficient systems and equipment. Motor systems are one of the most power-consuming equipment in an industry. DC drives help to achieve energy efficiency and reduce operational costs by regulating the speed of the motor and thereby its power consumption. A DC drive is an electrical device used to regulate the speed of a DC motor by controlling the input voltage and/or amperage to the DC motor. It also rectifies the AC power input into the DC feed for the motors. Its primary advantages are increased energy savings and reduced motor wear. It is majorly used for variable torque applications in industries such as oil & gas, water & wastewater, and mining.
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By Market Players:
ABB Ltd., Siemens AG, Schneider Electric Se, Rockwell Automation, Mitsubishi Electric Corporation, Crompton Greaves Limited, Toshiba International Corporation Ltd., Danfoss Group, Parker Hannifin Co., Emerson Electric Co., American Electric Technologies Inc., GE Power Conversion, KB Electronics,
By Power Rating
Low, Medium, High
By End-Use Industry
Oil & Gas, Water & Wastewater, Power Generation, Building Automation, Food & Beverage
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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