Market Overview:
The global DC drive market is expected to grow from USD 2.5 billion in 2018 to USD 3.8 billion by 2030, at a CAGR of 5.1% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for energy-efficient and reliable drives across various industries, such as oil & gas, power generation, water & wastewater treatment, metals & mining, chemicals & petrochemicals and others.
Product Definition:
A DC drive is an electronic device used to convert direct current (DC) into an alternating current (AC). It is important for converting DC power from a battery or solar panel into usable AC power for household appliances and other devices.
Low Power:
Low power electronics are those devices or systems which consume less than 100 W electrical energy. The low power electronic market is expected to grow at a CAGR of XX% from 2015 to 2022. This growth can be attributed to the increasing demand for small size and low cost portable devices such as MP3 players, tablets, smartphones and other smart wearable device applications.
Medium Power:
Medium Power (MP) DC drives are used in various applications such as pumps, compressors, industrial automation and control systems. They are also used in renewable energy generation. The growth of these end-use industries is expected to drive the medium power market over the forecast period.
The key drivers for this market include growing demand from oil & gas industry for medium power drives that provide increased reliability.
Application Insights:
The power generation segment dominated the global DC drive market in terms of revenue and is expected to witness significant growth over the forecast period. The growing need for reliable, efficient and compact power generators across various industries such as oil & gas, mining, etc. is anticipated to boost product demand over the forecast period.
The water & wastewater application segment accounted for a share of 15% in 2017 owing to increasing government mandates on improving water infrastructure across various regions including North America and Europe. Furthermore, rapid urbanization coupled with an increase in disposable income levels has led to an increased focus on providing improved municipal services which includes drinking water supply along with wastewater treatment plants construction activities worldwide which further boosts product demand globally.
Regional Analysis:
North America dominated the global market in terms of revenue in 2017. The region is expected to witness a moderate growth rate over the forecast period owing to increasing demand for power generation drives. In addition, growing oil and gas industry is likely to propel product demand over the next eight years.
The Asia Pacific regional market accounted for a significant share of global revenue in 2017 due to rapid industrialization and urbanization, which resulted into increased energy consumption across various end-use industries such as transportation and water management. Moreover, rising construction activities are also anticipated to drive product demand over the forecast period.
Europe was estimated as second largest consumer of global DC drives owing high energy consumption from several end-use sectors such as manufacturing, transportation, etc.
Growth Factors:
- Increasing demand for energy-efficient and reliable drives in the industrial sector
- Rapid growth of the electric vehicle market
- Growing popularity of renewable energy sources such as solar and wind power
- Proliferation of smart grids and IIoT technologies
- Development of next-generation drive technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
DC Drive Market Research Report
By Type
Low Power, Medium Power, High Power
By Application
Oil & Gas, Power Generation, Water & Wastewater, Metals & Mining, Chemicals & Petrochemicals, Other
By Companies
Schneider Electric, ABB, Siemens, Parker, Kirloskar Electric, Mitsubishi Electric, Hitachi, Fuji Electric, Anaheim Automation, Yaskawa, Schneider Electric, Danfoss, Crompton Greaves
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global DC Drive Market Report Segments:
The global DC Drive market is segmented on the basis of:
Types
Low Power, Medium Power, High Power
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Power Generation, Water & Wastewater, Metals & Mining, Chemicals & Petrochemicals, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- ABB
- Siemens
- Parker
- Kirloskar Electric
- Mitsubishi Electric
- Hitachi
- Fuji Electric
- Anaheim Automation
- Yaskawa
- Schneider Electric
- Danfoss
- Crompton Greaves
Highlights of The DC Drive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Power
- Medium Power
- High Power
- By Application:
- Oil & Gas
- Power Generation
- Water & Wastewater
- Metals & Mining
- Chemicals & Petrochemicals
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the DC Drive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
DC Drive is a new type of hard drive that uses a magnetic coating to store data. This makes the drive faster and more reliable than traditional hard drives.
Some of the major companies in the dc drive market are Schneider Electric, ABB, Siemens, Parker, Kirloskar Electric, Mitsubishi Electric, Hitachi, Fuji Electric, Anaheim Automation, Yaskawa, Schneider Electric, Danfoss, Crompton Greaves.
The dc drive market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 DC Drive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 DC Drive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 DC Drive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the DC Drive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global DC Drive Market Size & Forecast, 2020-2028
4.5.1 DC Drive Market Size and Y-o-Y Growth
4.5.2 DC Drive Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Power
5.2.2 Medium Power
5.2.3 High Power
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Power Generation
6.2.3 Water & Wastewater
6.2.4 Metals & Mining
6.2.5 Chemicals & Petrochemicals
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global DC Drive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 DC Drive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Power
9.6.2 Medium Power
9.6.3 High Power
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Power Generation
9.10.3 Water & Wastewater
9.10.4 Metals & Mining
9.10.5 Chemicals & Petrochemicals
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Power
10.6.2 Medium Power
10.6.3 High Power
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Power Generation
10.10.3 Water & Wastewater
10.10.4 Metals & Mining
10.10.5 Chemicals & Petrochemicals
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Power
11.6.2 Medium Power
11.6.3 High Power
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Power Generation
11.10.3 Water & Wastewater
11.10.4 Metals & Mining
11.10.5 Chemicals & Petrochemicals
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Power
12.6.2 Medium Power
12.6.3 High Power
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Power Generation
12.10.3 Water & Wastewater
12.10.4 Metals & Mining
12.10.5 Chemicals & Petrochemicals
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Power
13.6.2 Medium Power
13.6.3 High Power
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Power Generation
13.10.3 Water & Wastewater
13.10.4 Metals & Mining
13.10.5 Chemicals & Petrochemicals
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 DC Drive Market: Competitive Dashboard
14.2 Global DC Drive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 ABB
14.3.3 Siemens
14.3.4 Parker
14.3.5 Kirloskar Electric
14.3.6 Mitsubishi Electric
14.3.7 Hitachi
14.3.8 Fuji Electric
14.3.9 Anaheim Automation
14.3.10 Yaskawa
14.3.11 Schneider Electric
14.3.12 Danfoss
14.3.13 Crompton Greaves
