DC Drives Market Analysis and Forecast to 2032: By Voltage, (Low Voltage, Medium Voltage) Type, (Linear, Switch Mode) End-Use Industry, (Oil & Gas, Power Generation, Metals & Mining, Chemicals & Petrochemicals) and Region
DC drives are devices that regulate the speed and torque of electric motors by controlling the flow of direct current (DC) to the motor. DC drives are used in a wide range of applications, from small electric motors in home appliances to large industrial motors that power factory equipment.
There are two main types of DC drives: linear and switch-mode. Linear DC drives use a linear power amplifier to control the DC motor. Switch-mode DC drives use a switch-mode power amplifier to control the DC motor.
Linear DC drives are more efficient than switch-mode DC drives, but they are also more expensive. Switch-mode DC drives are less expensive, but they are less efficient.
Covid 19 Impact
The COVID-19 pandemic has had a significant impact on the DC drives market. The outbreak of COVID-19 has led to a decrease in demand for DC drives, as many industries have been forced to shut down operations. This has resulted in a decrease in revenue for DC drives manufacturers.
Report Coverage
| Report Attribute | Details |
|---|---|
| Historic Period | 2016-2021 |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Segments Covered | Voltage, Type, End Use Industry |
| Key Companies | ABB, Siemens, Schneider Electric, Yaskawa, Danfoss, Eaton, WEG, Kollmorgen, Omron, Hitachi |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Key Trends
In the past decade, the development of DC drives technology has been driven by the need for more energy-efficient and environmentally-friendly solutions. The trend towards more efficient and higher-performing drives has resulted in the development of new technologies such as brushless DC (BLDC) drives, permanent magnet (PM) DC drives, and hybrid DC drives.
BLDC drives are more efficient than traditional DC drives as they do not require the use of brushes and commutators. This results in lower maintenance costs and improved reliability. BLDC drives are also smaller and lighter than traditional DC drives, making them more suitable for applications where space is limited.
PM DC drives are more efficient than BLDC drives as they do not require the use of a mechanical commutator. PM DC drives are also smaller and lighter than BLDC drives, making them more suitable for applications where space is limited.
Hybrid DC drives are a combination of BLDC and PM DC drives. Hybrid DC drives offer the best of both technologies, providing high efficiency and reliability with the added benefit of being smaller and lighter than traditional DC drives.
Key Drivers
The DC drives market is primarily driven by the increasing demand for energy-efficient and eco-friendly technologies. The need to reduce carbon emissions and save energy has resulted in the development of more efficient and cost-effective DC drives. In addition, the increasing adoption of DC drives in the automotive and aerospace industries is another key driver of the DC drives market.
The automotive industry is the largest consumer of DC drives, accounting for more than 50% of the total demand. The growing demand for electric vehicles is one of the key drivers of the DC drives market in the automotive industry. The need for efficient and powerful DC drives for electric vehicles is expected to drive the market in the coming years.
The aerospace industry is another major consumer of DC drives. The increasing demand for fuel-efficient aircraft is expected to drive the market for DC drives in the aerospace industry. The need for DC drives that can operate at high altitudes and provide high power density is expected to fuel the growth of the DC drives market in the aerospace industry.
The DC drives market is also driven by the growing demand for renewable energy. The need for efficient and cost-effective DC drives for wind and solar power plants is expected to drive the market in the coming years.
Restraints & Challenges
There are a number of key challenges facing the DC drives market at present.
- The market is highly competitive, with a large number of manufacturers offering a wide range of products. This makes it difficult for buyers to choose the right product for their needs.
- DC drives are often used in critical applications, such as in the aerospace and automotive industries. This means that there is a high level of demand for reliable and high-quality products. However, there are a limited number of manufacturers who are able to meet this demand. This has led to a situation where prices for DC drives are high and there is little room for negotiation.
- The global economic downturn has led to a reduction in demand for DC drives in many industries. This has put pressure on manufacturers, who are struggling to maintain profitability.
Market Segments
The DC drives market is segmented by voltage, type, end-use industry, and region. By voltage, the market is divided into low voltage, and medium voltage. By type, the market is bifurcated into linear, and switch mode. By end-use industry, the market is classified into oil & gas, power generation, metals & mining, and chemical & petrochemical. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The global DC drives market report includes players such as ABB, Siemens, Schneider Electric,Yaskawa, Danfoss, Eaton, WEG, Kollmorgen, Omron, and Lenze
DC Drives Market Report Coverage
- The report offers a comprehensive quantitative as well as qualitative analysis of the current DC Drives Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
- The report also covers qualitative as well as quantitative analysis of DC Drives Market in terms of revenue ($Million).
- Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the DC Drives Market.
- A thorough analysis of market trends and restraints is provided.
- By region as well as country market analysis is also presented in this report.
- Analytical depiction of the DC Drives Market along with the current trends and future estimations to depict imminent investment pockets. The overall DC Drives Market opportunity is examined by understanding profitable trends to gain a stronger foothold.
- Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the DC Drives Market are also analyzed.
Table of Contents
Chapter 1. DC Drives Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, by Region
3.2. Market Attractiveness Analysis, by Voltage
3.3. Market Attractiveness Analysis, by Type
3.4. Market Attractiveness Analysis, by End-Use Industry
Chapter 4. DC Drives Market Outlook
4.1. DC Drives Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the DC Drives Market
4.7. Impact of the Russia and Ukraine War on the DC Drives Market
4.8. Case Study Analysis
4.9. Pricing Analysis
Chapter 5. DC Drives Market by End-Use Industry
5.1. Market Overview
5.2. Oil & Gas
5.2.1. Market Size and Forecast.
5.2.2. Market Size and Forecast, by Region.
5.3. Power Generation
5.3.1. Market Size and Forecast.
5.3.2. Market Size and Forecast, by Region.
5.4. Chemicals & Petrochemicals
5.4.1. Market Size and Forecast.
5.4.2. Market Size and Forecast, by Region.
5.5. Metals & Mining
5.5.1. Market Size and Forecast.
5.5.2. Market Size and Forecast, by Region.
Chapter 6. DC Drives Market by Type
6.1. Market Overview
6.2. Linear
6.2.1. Market Size and Forecast.
6.2.2. Market Size and Forecast, by Region.
6.3. Switch Mode
6.3.1. Market Size and Forecast.
6.3.2. Market Size and Forecast, by Region.
Chapter 7. DC Drives Market by Voltage
7.1. Market Overview
7.2. Low Voltage
7.2.1. Market Size and Forecast.
7.2.2. Market Size and Forecast, by Region.
7.3. Medium Voltage
7.3.1. Market Size and Forecast.
7.3.2. Market Size and Forecast, by Region.
Chapter 8. DC Drives Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America DC Drives Market Size and Forecast by End-Use Industry.
8.2.3. North America DC Drives Market Size and Forecast by Type.
8.2.4. North America DC Drives Market Size and Forecast by Voltage.
8.2.5. North America DC Drives Market Size and Forecast by Country.
8.2.6. The U.S.
8.2.6.1. U.S. DC Drives Market Size and Forecast by End-Use Industry.
8.2.6.2. U.S. DC Drives Market Size and Forecast by Type.
8.2.6.3. U.S. DC Drives Market Size and Forecast by Voltage.
8.2.7. Canada
8.2.7.1. Canada DC Drives Market Size and Forecast by End-Use Industry.
8.2.7.2. Canada DC Drives Market Size and Forecast by Type.
8.2.7.3. Canada DC Drives Market Size and Forecast by Voltage.
8.2.8. Mexico
8.2.8.1. Mexico DC Drives Market Size and Forecast by End-Use Industry.
8.2.8.2. Mexico DC Drives Market Size and Forecast by Type.
8.2.8.3. Mexico DC Drives Market Size and Forecast by Voltage.
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe DC Drives Market Size and Forecast by End-Use Industry.
8.3.3. Europe DC Drives Market Size and Forecast by Type.
8.3.4. Europe DC Drives Market Size and Forecast by Voltage.
8.3.5. Europe DC Drives Market Size and Forecast by Country.
8.3.6. Germany
8.3.6.1. Germany DC Drives Market Size and Forecast by End-Use Industry.
8.3.6.2. Germany DC Drives Market Size and Forecast by Type.
8.3.6.3. Germany DC Drives Market Size and Forecast by Voltage.
8.3.7. France
8.3.7.1. France DC Drives Market Size and Forecast by End-Use Industry.
8.3.7.2. France DC Drives Market Size and Forecast by Type.
8.3.7.3. France DC Drives Market Size and Forecast by Voltage.
8.3.8. U.K.
8.3.8.1. U.K. DC Drives Market Size and Forecast by End-Use Industry.
8.3.8.2. U.K. DC Drives Market Size and Forecast by Type.
8.3.8.3. U.K. DC Drives Market Size and Forecast by Voltage.
8.3.9. Spain
8.3.9.1. Spain DC Drives Market Size and Forecast by End-Use Industry.
8.3.9.2. Spain DC Drives Market Size and Forecast by Type.
8.3.9.3. Spain DC Drives Market Size and Forecast by Voltage.
8.3.10. Italy
8.3.10.1. Italy DC Drives Market Size and Forecast by End-Use Industry.
8.3.10.2. Italy DC Drives Market Size and Forecast by Type.
8.3.10.3. Italy DC Drives Market Size and Forecast by Voltage.
8.3.11. Russia
8.3.11.1. Russia DC Drives Market Size and Forecast by End-Use Industry.
8.3.11.2. Russia DC Drives Market Size and Forecast by Type.
8.3.11.3. Russia DC Drives Market Size and Forecast by Voltage.
8.3.12. Rest of Europe
8.3.12.1. Rest of Europe DC Drives Market Size and Forecast by End-Use Industry.
8.3.12.2. Rest of Europe DC Drives Market Size and Forecast by Type.
8.3.12.3. Rest of Europe DC Drives Market Size and Forecast by Voltage.
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific DC Drives Market Size and Forecast by Country.
8.4.3. Asia-Pacific DC Drives Market Size and Forecast by End-Use Industry.
8.4.4. Asia-Pacific DC Drives Market Size and Forecast by Type.
8.4.5. Asia-Pacific DC Drives Market Size and Forecast by Voltage.
8.4.6. China
8.4.6.1. China DC Drives Market Size and Forecast by End-Use Industry.
8.4.6.2. China DC Drives Market Size and Forecast by Type.
8.4.6.3. China DC Drives Market Size and Forecast by Voltage.
8.4.7. India
8.4.7.1. India DC Drives Market Size and Forecast by End-Use Industry.
8.4.7.2. India DC Drives Market Size and Forecast by Type.
8.4.7.3. India DC Drives Market Size and Forecast by Voltage.
8.4.8. Japan
8.4.8.1. Japan DC Drives Market Size and Forecast by End-Use Industry.
8.4.8.2. Japan DC Drives Market Size and Forecast by Type.
8.4.8.3. Japan DC Drives Market Size and Forecast by Voltage.
8.4.9. South Korea
8.4.9.1. South Korea DC Drives Market Size and Forecast by End-Use Industry.
8.4.9.2. South Korea DC Drives Market Size and Forecast by Type.
8.4.9.3. South Korea DC Drives Market Size and Forecast by Voltage.
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC DC Drives Market Size and Forecast by End-Use Industry.
8.4.10.2. Rest of APAC DC Drives Market Size and Forecast by Type.
8.4.10.3. Rest of APAC DC Drives Market Size and Forecast by Voltage.
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World DC Drives Market Size and Forecast by End-Use Industry.
8.5.3. Rest of the World DC Drives Market Size and Forecast by Type.
8.5.4. Rest of the World DC Drives Market Size and Forecast by Voltage.
8.5.5. Rest of the World DC Drives Market Size and Forecast by Country.
8.5.6. Latin America
8.5.6.1. Latin America DC Drives Market Size and Forecast by End-Use Industry.
8.5.6.2. Latin America DC Drives Market Size and Forecast by Type.
8.5.6.3. Latin America DC Drives Market Size and Forecast by Voltage.
8.5.7. Middle East
8.5.7.1. Middle East DC Drives Market Size and Forecast by End-Use Industry.
8.5.7.2. Middle East DC Drives Market Size and Forecast by Type.
8.5.7.3. Middle East DC Drives Market Size and Forecast by Voltage.
8.5.8. Africa
8.5.8.1. Africa DC Drives Market Size and Forecast by End-Use Industry.
8.5.8.2. Africa DC Drives Market Size and Forecast by Type.
8.5.8.3. Africa DC Drives Market Size and Forecast by Voltage.
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions
Chapter 10. Company Profiles
10.1. ABB
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product offerings
10.1.4. Key Strategic Initiatives
10.1.5. Swot Analysis
10.2. Siemens
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. Swot Analysis
10.3. Schneider Electric
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. Swot Analysis
10.4. Yaskawa
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. Swot Analysis
10.5. Danfoss
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. Swot Analysis
10.6. Eaton
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. Swot Analysis
10.7. WEG
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. Swot Analysis
10.8. Kollmorgen
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. Swot Analysis
10.9. Omron
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. Swot Analysis
10.10. Lenze
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. Swot Analysis
*the List of Company Is Subject To Change During the Final Compilation of the Report
Market Segments
By Voltage
- Low Voltage
- Medium Voltage
By Type
- Linear
- Switch Mode
By End-Use Industry
- Oil & Gas
- Power Generation
- Metals & Mining
- Chemicals & Petrochemicals
By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA