SAN FRANCISCO, Aug. 4, 2021 / PRNewswire / – A new market study published through Global Industry Analysts Inc. , (GIA), the leading market research firm, released its report titled “DC Drives – Global Market Trajectory”
FACTS IN A BLINK OF OEILédition: 6; Launch: July 2021 Executive Group: 21189 Company: 39 – Covered players come with ABB Ltd. ; American Electric Technologies, Inc. ; Crompton Greaves Ltd. ; Danfoss A/S; Emerson Electric Co. ; GE force conversion; KB Electronics; Mitsubishi Electric Corporation; Parker Hannifin Corporation; Rockwell Automation Inc. ; Schneider Electric SA; Siemens SA; Toshiba International Corporation (TIC) and others. Coverage: all primary geographic spaces and key segments Segments: end-use (oil and gas, water and wastewater, electric power generation, construction automation, food and beverages, other end uses) Geographies: world; United States; Canada; Japan; Porcelain; Europe (France, Germany, Italy, United Kingdom, Spain, Russia and rest of Europe); Asia-Pacific (Australia, India, South Korea and the rest of Asia-Pacific); Latin America (Argentina, Brazil, Mexico and the rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and the rest of the Middle East); and Africa.
Free project overview: This is a continuous global program. Anticipate our curriculum before making an acquisition decision. We offer free access to executives qualified in strategy rate, business development, sales and marketing and product control in the decided companies. provide privileged access to business trends; competing brands; profiles of experts in the field; and models of market knowledge and much more. You can also create your own tradition report on our MarketGlass ™ platform, which offers thousands of bytes of knowledge without wanting to acquire our report.
ABSTRACT-
Global DC disc market will succeed by $5. 1 billion through 2026
DC drives are DC motor motion systems that supply the correct voltage to help a motor run at the desired speed. Based on their maximum starting torque, DC drives are suitable features for programs that require constant speed. Traditionally, commercial environments have relied on DC turbines to obtain a variable DC voltage for motor movement. Some of the not unusual programs for those drives are cable stretching, extruders, and crane and hoisting equipment. Although DC drives were introduced earlier than their AC counterparts, the latter have been widely followed for device operation due to their express advantages. While AC drives are more popular than DC drives and motors, there are express programs that rely on DC drives, such as cranes and lifting equipment, spindles, elevators, shredders, papermaking systems, and winders. DC drives are easy to use, reliable, efficient, inexpensive, and easy to operate. Additionally, these drives offer various benefits over their AC counterparts, primarily for higher force and regenerative programs. Additionally, DC drives are widely used in various commercial drive programs to achieve exact motion.
Amid the COVID-19 crisis, the global DC drive market, estimated at US$4. 1 billion in 2020, is expected to succeed in a revised extension of US$5. 1 billion through 2026, with a CAGR expansion of 3. 9% during the IP. Oil and gas, one of the segments analyzed in the report, is expected to grow at a compound annual rate of 4. 4% to $1. 5 billion through the end of the IP. induced by the economic crisis, the expansion of the Water and Wastewater segment is readjusted at a revised annual compound rate of 4. 7% for the next 7-year period. This segment recently represents a 22. 7% share of the global DC drive market.
The U. S. marketplaceplaceplace U. S. It is estimated at $784. 9 million in 2021, while China is expected to succeed at $1,300 million through 2026. China, the world’s largest economy at the moment, is expected to succeed in an estimated length of market place of US$1. 3 billion in 2026, with a compound annual rate of 5. 2% during the IP. % and 3. 3% respectively during the IP. In Europe, Germany is expected to grow around 2. 6% CAGR, while the rest of the European market instead of accepting (as explained in the study) will succeed by US$1. 5 billion until the end of the IP.
DC drives have been widely followed in marketed countries due to continuous automation with electronic and electrical devices. The growing popularity of DC drives can also be attributed to their undeniable operations, speed-related flexibility, and undeniable on/off functions. The upcoming adoption of these discs is also helped by their affordable prices. The global market place for DC drives is driven through the expanding implementation of DC drives in the electric power sector, along with business development, the announcement of new projects, and increased business investment. The continued expansion of trade infrastructure and the expansion of production sets in emerging economies are expected to increase market expansion. Rapid commercialization and urbanization, as well as expansion programs in the processing industries, are sure to create strong demand for DC engines.
While profitability is very likely to remain a key factor, points such as technical benefits and the upcoming emphasis on effective energy systems are expected to contribute to market expansion. Continued efforts by brands to leverage power related to DC drives are expected to drive adoption. Additionally, companies benefit from continuous advancements in DC drive firmware for all voltage and configuration parameters. The marketplaceceplaceplace is expected to delight in new opportunities due to continuous product progression efforts and the need for communication functions for control functions. On the other hand, DC drives are poised to reap the benefits of increased investment in smart city projects and strong commercial demand. Regionally, emerging economies are expected to offer lucrative expansion prospects, while commercialized countries are expected to become mature market places with limited expansion prospects. While China remains the number one market acceptance place for DC drives due to immediate commercialization, upcoming countries like India and Brazil are expected to make a healthy contribution to the global market acceptance place.
The force generation segment will be successful at $ 873. 3 million until 2026 In the global force generation segment, the United States, Canada, Japan, China and Europe will lead the CAGR of 2. 8% estimated for this segment. These regional market beads representing a combined market string length of US $ 567. 7 million in 2020 will be successful in a projected duration of US $ 688. 9 million through the end of the study period. China will continue to be one of the fastest developing countries in this organization of regional market places. Led through countries such as Australia, India and South Korea, the Asia-Pacific market is expected to be a successful place at $ 104. 8 million through 2026, while Latin America will grow at a CAGR of 3Array 6% during the study period. MoreMarketGlass ™ PlatformOur MarketGlass ™ platform is a comprehensive and comprehensive wisdom medium that is traditionally configurable to meet the intelligence desires of today’s busy business leaders. This influencer-driven interactive study platform sits in the middle of our core study engagements and draws on the exclusive perspectives of engaged leaders around the world. Features come with: peer collaborations across the company; general descriptions of the study systems applicable to your business; 3. 4 million expert profiles at the checkout; competitive corporate profiles; interactive study modules; generation of tradition reports; monitor the market trfinishs; competing brands; create and publish blogs and podcasts using our number one and secondary content; stick to the occasions at the checkout from around the world; and much more. Client corporations will have full internal access to the project’s knowledge stacks. It is currently used by more than 67,000 subject matter experts around the world.
Our platform is loose for qualified executives and is available on our online page www. StrategyR. com or our new mobile app on iOS or Android
About Global Industry Analysts, Inc. et StrategyR ™ Global Industry Analysts, Inc. , (www. strategyr. com) is a famous publisher of Workplace Market Research, the market place research company focused on influencers around the world. Countries, GIA has been identified by its market accuracy, place of exchange and industry forecast for over 33 years.
CONTACTS: Zak AliDirector, Corporate CommunicationsGlobal Industry Analysts, Inc. Phone: 1-408-528-9966www. StrategyR. com Email: ZA@StrategyR. com
LINKS Join our panel of experts https://www. strategyr. com/Panelist. asp
Connect with us on LinkedIn https://www. linkedin. com/company/global-industry-analysts-inc. /
Follow us on Twitterhttps: //twitter. com/marketbytes
journalists
View the content to download the media: https://www. prnewswire. com/news-releases/global-dc-drives-market-to-reach-5-1-billion-by-2026–301346877. html
SOURCE Global Industry Analysts, Inc.