A drive is an adjustable speed device that regulates the speed and direction of motors. The adjustment is made by varying the current flow through the motor. Drives are classified into two broad categories based on the type of current: AC drives and DC drives. AC drives are used to control AC electric motors, while DC drives are used for DC electric motors. Drives are widely used in Manufacturing industries to regulate and control electrical devices such as fans, conveyors, machine spindles, and pumps during the production processes.
The analysts forecast the Global DC Drives market to grow at a CAGR of 44.99 percent over the period 2013-2018.
The Global DC Drives market can be segmented into two categories based on products: Low-end Drives and Medium-range Drives.
The report, the Global DC Drives Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global DC Drives market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the major trends in the market is the increasing demand for end-to-end systems. End-users prefer complete end-to-end systems from vendors rather than buying and installing stand-alone products. In addition, many end-users are adopting application-specific drives, which provide more energy efficiency than general drives.
According to the report, one of the major drivers in this market is increased demand from the APAC region. Increased urbanization and industrialization in the APAC region increases the demand for low-end and medium-end DC drives.
Further, the report states that one of the major challenges in this market is the continuous decline in vendors' profit margins. An increase in the cost of raw materials and a decline in the price of drives has led to a decline in the profit margins of vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.