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