PUNE, India, October 20, 2015 /PRNewswire/ --
The report "DC Drives Market by Voltage (Low and Medium Voltage), by Power Rating (Low, Medium, and High Power), by End-Use Industry (Oil & Gas, Water & Wastewater, Power Generation, Building Automation, and Others), and by Region - Global trends and forecast to 2020", published by MarketsandMarkets, The global DC Drives Market will grow from an estimated value of USD 2.1 Billion in 2015 to around USD 2.3 Billion by 2020 with a CAGR of 2.5% from 2015 to 2020.
Browse 74 market data Tables and 50 Figures spread through 140 Pages and in-depth TOC on "DC Drives Market"
Early buyers will receive 10% customization on this report.
The market study on DC drives defines and segments the market with regional forecast and segment revenue estimates till 2020.
Top market players from the industry have been studied in order to track developments, technologies, and other key business strategies that define the market environment. A DC drive is an electrical device used to regulate the speed of a DC motor by controlling the input voltage and/or amperage to the DC motor. It also rectifies the AC power input into DC feed for the motors. Its primary advantages are increased energy savings and reduced motor wear. The global DC Drives Market will grow from an estimated value of USD 2.1 Billion in 2015 to around USD 2.3 Billion by 2020 with a CAGR of 2.5% from 2015 to 2020.
Download Free Sample Pages http://www.marketsandmarkets.com/requestsample.asp?id=186210164
Rising electricity prices, along with increased demand for electricity and energy, is currently driving the DC Drives Market. In addition, high potential of DC drives to reduce energy consumption and enhance efficiency of the system provides a huge opportunity for retrofit applications in the manufacturing industry. DC drives also help prolong the service life of the motor system further reducing the associated operational costs.
The global DC Drives Market has been analyzed based on end-use industry, voltage, application, power rating, and region. The report covers the key regions of North America, Asia-Pacific, Europe, South America, and the Middle-East & Africa.
Asia-Pacific: The largest market for DC Drives
The Asia-Pacific region holds the largest market for DC Drives, driven by rapidly growing urbanization and industrialization in this region. Rising need for electricity has compelled implementation of energy-efficient systems, thereby boosting the market for DC.
Oil & gas industry: Largest Market by industry
Oil & gas is the largest user of DC drives among all industries. DC drives are mostly used to control the speed of pumps and compressors used in the oil & gas industry. The oil & gas market was valued USD 286.1 Billion in 2014, and is expected to reach USD 306.7 Billion by 2020. The other industries covered in this segment is water & wastewater, power generation, building automation, food & beverages, metals &mining, chemical & petrochemicals and others.
The DC Drives Market report offers a detailed analysis of key companies and a competitive analysis of developments recorded in the industry in the past four years. Market drivers, restraints, opportunities, and challenges have been discussed in detail. Leading players in the market, such as ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Rockwell Automation (U.S.), and Mitsubishi Electric (Japan) have been profiled in this report.
Browse Related Reports
Motor Soft Starter Market by Voltage, by Rated Power, by Application (Pumps, Fans, Compressors & Others), by Industry (Oil & Gas, Water & Wastewater, Power Generation, Mining & Others) and by Region - Global Forecast and Trends to 2020
Variable Frequency Drives Market by Type (AC, DC, Servo), Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder) and Geography - Global Market Trends & Forecast to 2019
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets