NEW YORK, Nov. 2, 2015 /PRNewswire/ -- DC Drives Market report estimates the DC drives market, in terms of value (USD million). The market is estimated at USD 2.1 billion in 2015, and is projected to reach USD 2.3 billion by 2020. The market has been segmented into major regions, and then further split to country-level forecasting.
The research methodology used in the report involved the use of secondary sources, such as annual reports, press releases, and investor presentations of companies, white papers, and certified publications, articles from recognized authors, manufacturers associations, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global DC drives market. Primary sources, such as experts and suppliers from the industry, have been interviewed to obtain and verify critical information, as well as to assess the future prospects of the market.
This study includes profiles of leading players along with their recent developments and other strategic activities. Some of the key companies profiled include ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Rockwell Automation (U.S.), and Mitsubishi Electric (Japan).
Asia-Pacific held the largest market share in the DC drives market, and is projected to grow at high CAGR. This high growth can be attributed to the high urbanization and industrialization in countries, such as China, India, and Japan. China and India are two of the fastest-growing economies around the globe, and are responsible for the growth of the DC drives market in the region.
Europe and North America are matured market for DC drives in terms of commercial and domestic applications. Increasing focus on energy efficiency is expected to aid the growth of the DC drives market in these regions. Developed economies of the European region such as the U.K., Germany, and France have a wide industrial base. Industrial demand in the U.S. market, particularly from water & wastewater sector is expected to drive the demand for DC drives in North America.
DC drives market has been segmented based on various regions, namely Asia-Pacific, North America, Europe, Middle East & Africa, and South America. The report also includes an in-depth country-level analysis, based on voltage level; this analysis provides market sizes, by value for various voltage levels considered in the study at country level.
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