DC Drives Market to 2020 - DC Drives Market is Projected to Reach USD 2.3 Billion by 2020
DUBLIN, November 26, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5dfxd8/dc_drives_market) has announced the addition of the "DC Drives Market by Voltage, by Power Rating, by End-Use Industry and by Region - Global trends and forecast to 2020" report to their offering.
DC Drives market is estimated at USD 2.1 Billion in 2015, and is projected to reach USD 2.3 Billion by 2020 at a CAGR of 2.5% from 2015 to 2020. Increasing demand for electricity along with rising electricity costs has raised a need for energy efficient systems and equipment. Motor systems are one of the most power consuming equipment in an industry. DC drives help achieve energy efficiency and reduce operational costs by regulating the speed of the motor and thereby its power consumption.
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. It is majorly used for variable torque application in industries such as oil & gas, water & wastewater, and mining.
Global DC drives market has been segmented based on voltage into low and medium voltage DC drives. The market has also been segmented based on power ratings into low, medium, and high power DC drives. The major end-use industries covered into this report are oil & gas, water & wastewater, power generation, building automation, food & beverages, metals & mining, chemicals & petrochemicals, and others, where others include cement, chemical, and pulp & paper.
- ABB Ltd. (Switzerland)
- Mitsubishi Electric (Japan)
- Rockwell Automation (U.S.)
- Schneider Electric SE (France)
- Siemens AG (Germany)
Table of Contents
2. Research Methodology
3. Executive Summary
4. Premium Insights
5. Market Overview
6. DC Drives Market, By Voltage
7. DC Drives Market, By Power Rating
8. DC Drives Market, By End-Use Industry
9. DC Drives Market, By Region
10. Competitive Landscape
11. Company Profiles
For more information visit http://www.researchandmarkets.com/research/5dfxd8/dc_drives_market
Laura Wood ,
Source: PR Newswire
(November 26, 2015 - 1:45 AM EST)
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