DC Drives Market to Gain High Demand from Industrial Automation, Aerospace and Automotive Industry

Global DC Drives Market is expected to grow at a positive CAGR in the predicted period. Motor drives are used for various purposes and can range from few watts to a thousand kilowatts depending on applications that require precise and high performance position controlled drives in robotics to variable speed drives for adjusting flow rates in pump. Thus, D.C. motors transform power from adjustable DC voltage source to revolving mechanical force. Motor shaft rotation and direction are proportional to the magnitude and polarity of the DC voltage applied to the motor. Technically, a D.C. drive is an electric device that regulates the speed of D.C motors by fine-tuning input voltage or amperage or both. In all applications, where speed and position are controlled, a power electronic converter is required that acts as an interface amid input power and motor.

Browse DC Drives Market Report with TOC @ https://www.millioninsights.com/industry-reports/dc-direct-current-drives-market

Commercially, the rising pace of industrialization and urbanization and rising demand for energy contributes to the growth of global market. Further DC drives cater to major industrial drive systems for accurate control of machinery. For instance, oil & gas sector largely benefits with the deployment of D.C. drives and common applications of D.C drives encompass belts and conveyors, cranes and trolley and compressor and pumps. Therefore, the drives are also used to coordinate multiple machines for constant production which include pulp and paper & tire industries.  Factors such as industrialization and urbanization results into rise in demand for energy in developing economies such as Middle-East and Asia-Pacific. Also, there is a rising focus and emphasis on energy-efficient solution in industries. Moreover, the growing need for energy efficient systems is anticipated to strengthen the DC drives market.



The key players in the DC drives market include ABB Ltd, Siemens AG, Schneider Electric SE, Rockwell Automation and Mitsubishi Electric.

Based on voltage, the DC drives market is segmented into low voltage and medium voltage DC drives. Based on power rating, the DC drives market segmentation includes low power, medium power and high power. Based on end-user, the DC drives market segmentation includes oil & gas, water & wastewater, building automation, power generation, food & beverages, chemicals & petrochemicals and metals & mining.

Based on types, the DC drives market is segmented into By structure: - Brushed, Brushedless and By technology: - Analog, Digital. Based on application, the DC drives market is segmented into Aerospace, Automotive, Communication field, Consumer applications, Industrial automation and robotics field and Medical industry.

Request a Sample Copy of DC Drives Market Report @ https://www.millioninsights.com/industry-reports/dc-direct-current-drives-market/request-sample


Geographically, the DC drives market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC regions are estimated to have a larger share in the global market and are expected to continue dominating in the predicted period. North America and Europe is expected to rise at a positive CAGR in the predicted period. Middle-East and African market is also expected to rise at a steady CAGR in upcoming years.

Comments

Post a Comment

Popular posts from this blog

Spinal Implants & Devices Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2023 – 2030

  Spinal Implants & Devices Industry Overview The global  Spinal Implants & Devices Market  size is expected to reach USD 19.0 billion by 2030 and is expected to expand at a CAGR of 5.2% in the forecast period, from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing number of vehicular accidents is leading to increasing new cases of spinal cord injuries (SCIs). Other causes of SCIs include falls, violence, acts of violence, sports and recreation injuries, and diseases. Vehicular or road accidents and falls account for the majority of SCI cases. Fall-induced SCI is common among people aged 65 years and above. Acts of violence such as gunshot wounds or knife wounds account for around 12% of SCI cases. Sports activities such as diving in shallow water and impact sports lead to nearly 10% of SCIs. Cancer, osteoporosis, arthritis, and inflammation of the spinal cord also cause SCI. Based on National Spinal Cord Injury Statistical Center da...
Read more

Latin America Pharmaceutical Contract Manufacturing & Research Services Market Overview, Cost Structure Analysis and Forecast to 2030

  Latin America Pharmaceutical Contract Manufacturing & Research Services Industry Overview The  Latin America Pharmaceutical Contract Manufacturing & Research Services Market  size is expected to reach USD 40.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 7.5% from 2022 to 2030. The low cost of drug registration in Latin American countries and the economic growth are the key factors contributing to progress in this region. Moreover, factors such as the growing demand for generics, rising investments in R&D, the growing geriatric population, and the increasing burden of chronic diseases are responsible for market growth. The outbreak of COVID-19 has boosted the market growth as companies have increased investments in R&D and manufacturing to develop vaccines and drugs against the COVID-19. During the coronavirus outburst, the supply chains of biopharmaceutical companies remained robust...
Read more

Europe Orthopedic Navigation Systems Market - Global Industry Insights, Trends and Growth Opportunity Analysis to 2030

  Europe Orthopedic Navigation Systems Industry Overview The  Europe Orthopedic Navigation Systems Market  size is expected to reach USD 2,504.4 million by 2030, according to a new report published by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.8% from 2023 to 2030. The rising number of target diseases especially in the geriatric population is responsible for the rapid growth of the market. According to the Executive Agency for Health and Consumers, one in ten people in the geriatric population in Europe is suffering from osteoarthritis. Minimal invasion and low post-operative complications associated with computer-assisted surgery are anticipated to drive regional market growth over the forecast period. Moreover, the introduction of technologically advanced products is expected to induce demand for  orthopedic navigation systems . For instance, Orthokey Italia developed a new version of KiRA system integrating it with the iPad to ...
Read more