Global DC Drives Business Strategy Report 2023: Market to Reach $6.1 Billion by 2030 from $4.3 Billion in 2022 - Increasing Industrial Automation Spurs Demand Across a Multitude of Key Industries - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "DC Drives: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global DC Drives Market to Reach $6.1 Billion by 2030

The global market for DC Drives estimated at US$4.3 Billion in the year 2022, is projected to reach a revised size of US$6.1 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.

The global market for DC drives is undergoing comprehensive analysis, focusing on various geographic regions spanning from 2014 to 2030. This analysis evaluates annual sales in US$ thousand for the years 2022 through 2030, with a corresponding examination of historical data from 2014 to 2021. Additionally, the report offers a 16-year perspective on value sales, dissecting the percentage breakdown by region for the years 2014, 2023, and 2030.

The study encompasses diverse industries such as oil and gas, water and wastewater, power generation, building automation, food and beverage, and various other end-uses. It examines the market's past, present, and future trends, providing insights into this vital sector's dynamics and growth potential.

Oil & Gas, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Water & Wastewater segment is readjusted to a revised 5.3% CAGR for the next 8-year period.

The DC Drives market in the U.S. is estimated at US$808 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$788.2 Million by the year 2030.

MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• 2020: A Year of Disruption & Transformation
• As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Subdued Industrial Activity Amid Pandemic Induced Restrictions Impacts Demand for Drives and Motors
• Global PMI Index Points for the Years 2018, 2019 & 2020
• Global PMI Index Points for the Years 2018, 2019 & 2020
• Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
• DC Drives - Global Key Competitors Percentage Market Share in 2022 (E)
• DC Drives: Effective Motion Control Systems for DC Motors
• Working Principle
• Analog DC Drives
• Digital DC Drives
• AC Versus DC Drives
• DC Drives Remain Indispensable Component for Various Industrial Applications
• Medium Voltage Drives & Oil & Gas Industry: Key Segments
• Global Prospects & Outlook
• Asia-Pacific Maintains Leadership Position in Global DC Drives Market
• Recent Market Activity
• World Brands
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

MARKET TRENDS & DRIVERS

• As Automation Becomes Part of Growing Industries, Processes and Factories, Demand DC Drives Remains Relevant
• Increased Spending on Industrial Automation Spurs Need for Servo Motors and Drives: Global Industrial Automation Market (in US$ Billion) for the Years 2019, 2022, 2024 and 2026
• Growing Importance of Automation in Metals & Mining Operations Presents Favorable Opportunities
• Digital Transformation of Pharmaceutical Industry Presents New Avenues for DC Drives
• Rising Application of DC Drives in Food & Beverage Processing to Give a Boost to the Market
• Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
• Recovery in Oil and Gas Sector to Support Demand for DC Drives
• Global CAPEX for Upstream Oil and Gas: 2019-2021
• Global Brent Crude Oil Price Trends in US$/barrel: Oct 2019 -May 2021
• Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2021
• Notable Growth Prospects for EOR to Benefit Demand
• Global Enhanced Oil Recovery Projects in Operation by Technology: 2020E
• DC Drives Get More Attention in Oil & Gas Industry with Deeper Drilling Operations
• World Average Rig Count by Region: Jan-May 2021
• Rise in Investments in Water and Wastewater Treatment Projects to Drive Demand
• World Water Resources: Percentage Breakdown by Water Quality
• Rise in Application of DC Drives in Power Generation
• Strong Pressure to Cut Carbon Footprint Drives Demand for Energy Efficient Drives
• World Energy Demand in Twh (2016 & 2040)
• Correlation between Increase in Motor Drive Efficiency & CO2 Emissions
• New DC Drives Score over DC Counterparts in Motion Control
• Digital DC Drives Gain Traction Over Analog DC Drives
• Role of Silicon Controlled Rectifiers (SCRs) in Operation of DC Drives
• Design Trends in DC Drives
• Digital DC Drives at High Power Rating
• PWM Drives at Low Power Rating
• Use of Permanent Magnet DC Motor for Servo Applications
• Latest Technological Trends with Potential to Drive Broader Adoption of Brushless DC Motors and Drives
• A Glimpse of Key Trends in Servo Drives Market

FOCUS ON SELECT PLAYERS (Total 39 Featured)

• ABB Ltd.
• Crompton Greaves Limited
• Danfoss Group
• Emerson Electric Co.
• Ge Power Conversion.
• Hitachi
• Mitsubishi Electric Corporation
• Nidec Motor Corporation
• Parker Hannifin Co.
• Renown Electric Motors
• Rockwell Automation
• Schneider Electric SE
• Siemens Ag
• Toshiba International Corporation Ltd.

For more information about this report visit https://www.researchandmarkets.com/report/dc-drive

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