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Direct current (DC) drives are used for controlling the speed of DC electric motors and are mostly used in locomotive applications as they have high power thyristors and a simple design. Technavio’s market research analyst predicts the market to grow at a steady rate of around 9% during the forecast period. The retrofitting of DC drives with application front end (AFE) technology and the adoption by process industries to regulate the DC motors are driving the growth of the DC drives market.
The high installation cost and harmonic issues with the DC drive are posing a challenge to the growth of the market. Harmonic distortion is a leading cause of frequent power quality problems. . An increase in harmonic distortion leads to high energy loss, reduced life of the equipment, circuit breaks, high power consumption, and subscription costs. Investments are being made by the leading providers in the market to lessen the impact of these distortions on drives and motors.
The global DC drives market is fragmented, and competition is intense between large automation vendors and small- core vendors. The major players in the Global DC Drives market are ABB, Schneider Electric, and Siemens. The large automation vendors dominate the low-voltage drives segment and the medium-voltage drives segment of the market while the small-core vendors provide application-specific DC drives to the manufacturing industries.
The leading vendors in the market are
Other vendors in the market include Beijing Leader & Harvest Electric, Danfoss, Emerson, Fuji Electric, Hiconics Drive, Hitachi, Mitsubishi, Rockwell Automation, Toshiba, and Yaskawa America.
The low voltage drives are predicted to be the fastest growing segment during the forecast period. These drives are used in industries such as food and beverages, HVAC, and metal processing.
The research report forecasts the automotive industry to experience high demand for DC drives during the forecast period. Global warming and the need to control the rapid climate change has increased the demand for environment-friendly vehicles. A lot of countries have started using electric cars, and this is expected to drive the demand for DC drives.
APAC was the dominant region in the global DC drives market and is expected to have the largest market share by the end of 2019. The rapid industrialization and urbanization in countries such as China, India, Japan, and Korea is forecasted to fuel the growth of this region. Furthermore, the presence of leading Japanese vendors such as Mitsubishi Electric and Yaskawa has converted APAC as the most promising market.
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PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Market overview
Global low voltage DC drives market
Global medium voltage DC drives market
PART 07: Market segmentation by end user
Market overview
Global DC drives market for food & beverage industry
Global DC drives market for water & wastewater industry
Global DC drives market for HVAC industry
Global DC drives market for power industry
Global DC drives market for metal processing industry
Global DC drives market for textiles industry
Global DC drives market for conveyors industry
Global DC drives market for automotive industry
PART 08: Geographical segmentation
DC drives market in APAC
DC drives market in EMEA
DC drives market in Americas
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
Competitive scenario
Other prominent vendors
PART 15: Key vendor analysis
ABB
Schneider Electric
Siemens
PART 16: Appendix
List of abbreviation
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