DC Drives Market by Voltage (Low and Medium Voltage), by Power Rating (Low, Medium, and High Power), by End-Use Industry (Oil & Gas, Water & Wastewater, Power Generation, Building Automation, and Others), and by Region - Global trends and forecast to 2020
[140 Pages Report] A DC drive is an electric device used to regulate the speed of a DC motor by controlling the input voltage and/or amperage to the DC. Its major advantage includes operational cost savings by reduction in energy consumption and increase in the service life of DC motors.
DC Drives market is estimated at USD 2.1 Billion in 2015, and is projected to reach USD 2.3 Billion by 2020.
The report has been segmented on the basis of application, type, insulation type, voltage level and region as follows:
- On the basis of voltage: the report considers low voltage and medium voltage DC drives
- On the basis of power rating: the report considers the three types of DC drives, low power, medium power and high power DC drives
- On the basis of end-user industry: the report considers end-user industries namely oil & gas, water & wastewater, power generation, building automation, food & beverages, metals & mining, chemicals & petrochemicals, and others
- On the basis of region: the report analyzes the DC drives market at regional level, which includes North America, Europe, Asia-Pacific, South America, the Middle East & Africa. Key countries are also analyzed in the report.
DC drives market report caters to DC drives manufacturers, dealers, and suppliers, material providers, consulting companies in the energy and power sector, infrastructure developers, government and research organizations, government and private companies, venture capital firms, and investment banks.
Urbanization and industrialization is leading to a rapid rise in demand for energy in the developing regions such as the Middle East and Asia-Pacific. With generation capacity additions alone notwithstanding the demand-supply gap, there has been a growing focus on adoption & implementation of energy-efficient solutions in industries. Motor systems consume a large chunk of power supplied to industries, thereby adding a considerable amount to the operating cost. DC drives are electrical equipment that helps reduce the electrical consumption in motors by regulating motor speed at variable loads. Growing need for energy efficient systems is expected to boost the market for DC drives.
Leading players such as ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Rockwell Automation (U.S.), and Mitsubishi Electric (Japan) among others have been profiled in this report. The report provides competitive landscape with market share of the key players as well as recent development strategies.
Asia-Pacific is estimated to have the largest share in the Market for DC drives in 2015. It is also expected to continue its dominance during the forecast period, with China and India as major contributors to the growth.
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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. The regions considered in this report are Asia-Pacific, North America, Europe, Middle East & Africa, and South America. Information regarding the key countries in each region, such as the U.S., Canada, Mexico, China, India, Japan, Australia, Germany, the U.K., Russia, France, Brazil, Saudi Arabia, UAE, and South Africa, among others has also been included in this report.
The oil & gas sector is the largest end-user market for DC drives. The water & wastewater industry is expected to have a high growth rate, owing to rapid urbanization and industrialization, especially in developing regions such as Asia-Pacific and the Middle East & Africa.
This report offers a detailed analysis of key companies and a competitive analysis of developments recorded in the industry in the past four years. Market drivers, restraints, opportunities, and challenges have been discussed in detail. Leading players in the market, such as ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Rockwell Automation (U.S.), and Mitsubishi Electric (Japan) have been profiled in this report.
Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered For the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Introduction
2.2 Secondary Data
2.2.1 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Key Data From Primary Sources
2.3.2 Breakdown of Primaries
2.4 Market Size Estimation
2.4.1 Top-Down Approach
2.4.2 Bottom-Up Approach
2.5 Market Breakdown & Data Triangulation
2.6 Research Assumptions & Limitations
2.6.1 Assumptions
2.6.2 Limitations
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 29)
4.1 Attractive Growth Opportunities in this Market
4.2 By Voltage
4.3 Market for DC Drives in the Asia-Pacific Region, 2014
4.4 Middle East & Africa is Expected to Be the Fastest Growing Region in this Market From 2015 to 2020
4.5 The High Power DC Drives Market is Expected to Grow at the Highest CAGR During the Forecast Period
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 DC Drives: Market Segmentation
5.2.1 By Voltage
5.2.2 By Power Rating
5.2.3 By End-Use Industry
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Urbanization & Industrialization
5.3.2 Restraints
5.3.2.1 High Cost of DC Technology
5.3.3 Opportunities
5.3.3.1 Rising Need For Energy Efficiency
5.3.4 Challenges
5.3.4.1 Rapid Growth of AC Technology
5.4 Impact of Market Dynamics
5.5 Supply Chain Analysis
5.6 Porter’s Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Rivalry
6 Market, By Voltage (Page No. - 41)
6.1 Introduction
6.2 Low Voltage DC Drives
6.3 Medium Voltage DC Drives
7 Market, By Power Rating (Page No. - 50)
7.1 Introduction
7.2 Low Power Drives
7.3 Medium Power Drives
7.4 High Power Drives
8 Market, By End-Use Industry (Page No. - 55)
8.1 Introduction
8.2 Oil & Gas
8.3 Water & Wastewater
8.4 Power Generation
8.5 Building Automation
8.6 Food & Beverage
8.7 Metals & Mining
8.8 Chemicals & Petrochemicals
8.9 Others
9 Market, By Region (Page No. - 63)
9.1 Introduction
9.2 Asia-Pacific
9.2.1 By Voltage
9.2.2 By Power Rating (Kw)
9.2.3 By End-Use Industry
9.2.4 By Country
9.2.4.1 China
9.2.4.2 Japan
9.2.4.3 India
9.2.4.4 Australia
9.2.4.5 Rest of Asia-Pacific
9.3 Europe
9.3.1 By Voltage
9.3.2 By Power Rating (Kw)
9.3.3 By End-Use Industry
9.3.4 By Country
9.3.4.1 Germany
9.3.4.2 France
9.3.4.3 Russia
9.3.4.4 U.K.
9.3.4.5 Italy
9.3.4.6 Rest of Europe
9.4 North America
9.4.1 By Voltage
9.4.2 By Power Rating (Kw)
9.4.3 By End-Use Industry
9.4.4 By Country
9.4.4.1 U.S.
9.4.4.2 Canada
9.4.4.3 Mexico
9.5 Middle East & Africa
9.5.1 By Voltage
9.5.2 By Power Rating (Kw)
9.5.3 By End-Use Industry
9.5.4 By Country
9.5.4.1 Saudi Arabia
9.5.4.2 UAE
9.5.4.3 South Africa
9.5.4.4 Rest of Middle East & Africa
9.6 South America
9.6.1 By Voltage
9.6.2 By Power Rating (Kw)
9.6.3 By End-Use Industry
9.6.4 By Country
9.6.4.1 Brazil
9.6.4.2 Argentina
9.6.4.3 Rest of South America
10 Competitive Landscape (Page No. - 94)
10.1 Overview
10.2 Competitive Situation & Trends
10.3 Expansions
10.4 Mergers & Acquisitions
10.5 Contracts & Agreements
10.6 New Product Launches
11 Company Profiles (Page No. - 102)
11.1 Introduction
11.2 ABB Ltd.
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Recent Developments, 2012-2014
11.2.4 SWOT Analysis
11.2.5 MnM View
11.3 Siemens AG
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 Recent Developments, 2012
11.3.4 SWOT Analysis
11.3.5 MnM View
11.4 Schneider Electric Se
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 Recent Developments, 2012-2015
11.4.4 SWOT Analysis
11.4.5 MnM View
11.5 Rockwell Automation
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 Recent Developments, 2012-2014
11.5.4 SWOT Analysis
11.5.5 MnM View
11.6 Mitsubishi Electric Corporation
11.6.1 Business Overview
11.6.2 Products Offered
11.6.3 Recent Developments, 2011-2015
11.6.4 SWOT Analysis
11.6.5 MnM View
11.7 Crompton Greaves Limited
11.7.1 Business Overview
11.7.2 Products Offered
11.7.3 Recent Developments, 2011-2014
11.8 Toshiba International Corporation Ltd.
11.8.1 Business Overview
11.8.2 Products Offered
11.8.3 Recent Developments, 2013-2014
11.9 Danfoss Group
11.9.1 Business Overview
11.9.2 Products Offered
11.9.3 Recent Developments, 2013
11.10 Parker Hannifin Co.
11.10.1 Business Overview
11.10.2 Products Offered
11.10.3 Recent Developments
11.11 Emerson Electric Co.
11.11.1 Business Overview
11.11.2 Products Offered
11.11.3 Recent Developments, 2012-2015
11.12 American Electric Technologies Inc.
11.12.1 Business Overview
11.12.2 Products Offered
11.12.3 Recent Developments, 2012-2014
11.13 GE Power Conversion
11.13.1 Business Overview
11.13.2 Products Offered
11.13.3 Recent Developments, 2013-2014
11.14 KB Electronics
11.14.1 Business Overview
11.14.2 Products Offered
11.14.3 Recent Developments
12 Appendix (Page No. - 136)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.4 Available Customizations
12.5 Related Reports
List of Tables (74 Tables)
Table 1 Comparison Between DC & AC Drives
Table 2 Impact of Market Dynamics
Table 3 DC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 4 Low Voltage DC Drives Market Size, By Region, 2013-2020 (USD Million)
Table 5 Asia-Pacific: Low Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 6 Europe: Low Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 7 North America: Low Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 8 Middle East & Africa: Low Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 9 South America: Low Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 10 Medium Voltage DC Drives Market Size, By Region, 2013-2020 (USD Million)
Table 11 Asia-Pacific: Medium Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 12 Europe: Medium Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 13 North America: Medium Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 14 Middle East & Africa: Medium Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 15 South America: Medium Voltage DC Drives Market Size, By Country, 2013-2020 (USD Million)
Table 16 DC Drives Market Size, By Power Rating, 2013–2020 (USD Million)
Table 17 Low Power DC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 18 Medium Power DC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 19 High Power DC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 20 DC Drives Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 21 Oil & Gas Market Size, By Region, 2013-2020 (USD Million)
Table 22 Water & Wastewater Market Size, By Region, 2013-2020 (USD Million)
Table 23 Power Generation Market Size, By Region, 2013-2020 (USD Million)
Table 24 Building Automation Market Size, By Region, 2013-2020 (USD Million)
Table 25 Food & Beverages Market Size, By Region, 2013-2020 (USD Million)
Table 26 Metals & Mining Market Size, By Region, 2013-2020 (USD Million)
Table 27 Chemicals & Petrochemicals Market Size, By Region, 2013-2020 (USD Million)
Table 28 Others Market Size, By Region, 2013-2020 (USD Million)
Table 29 DC Drives Market Size, By Region, 2013–2020 (USD Million)
Table 30 Asia-Pacific: DC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 31 Asia-Pacific: Market Size, By Power Rating, 2013-2020 (USD Million)
Table 32 Asia-Pacific: Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 33 Asia-Pacific: Market Size, By Country, 2013-2020 (USD Million)
Table 34 China: Market Size, By Voltage, 2013-2020 (USD Million)
Table 35 Japan: Market Size, By Voltage, 2013-2020 (USD Million)
Table 36 India: Market Size, By Voltage, 2013-2020 (USD Million)
Table 37 Australia: Market Size, By Voltage, 2013-2020 (USD Million)
Table 38 Rest of Asia-Pacific: DC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 39 Europe: Market Size, By Voltage, 2013-2020 (USD Million)
Table 40 Europe: Market Size, By Power Rating, 2013-2020 (USD Million)
Table 41 Europe: Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 42 Europe: Market Size, By Country, 2013-2020 (USD Million)
Table 43 Germany: Market Size, By Voltage, 2013-2020 (USD Million)
Table 44 France: Market Size, By Voltage, 2013-2020 (USD Million)
Table 45 Russia: Market Size, By Voltage, 2013-2020 (USD Million)
Table 46 U.K.: Market Size, By Voltage, 2013-2020 (USD Million)
Table 47 Italy: Market Size, By Voltage, 2013-2020 (USD Million)
Table 48 Rest of Europe: DC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 49 North America: Market Size, By Voltage, 2013-2020 (USD Million)
Table 50 North America: Market Size, By Power Rating, 2013-2020 (USD Million)
Table 51 North America: Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 52 North America: Market Size, By Country, 2013-2020 (USD Million)
Table 53 U.S.: Market Size, By Voltage, 2013-2020 (USD Million)
Table 54 Canada: Market Size, By Voltage, 2013-2020 (USD Million)
Table 55 Mexico: Market Size, By Voltage, 2013-2020 (USD Million)
Table 56 Middle East & Africa: Market Size, By Voltage, 2013-2020 (USD Million)
Table 57 Middle East & Africa: Market Size, By Power Rating, 2013-2020 (USD Million)
Table 58 Middle East & Africa: Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 59 Middle East & Africa: Market Size, By Country, 2013-2020 (USD Million)
Table 60 Saudi Arabia: Market Size, By Voltage, 2013-2020 (USD Million)
Table 61 UAE: Market Size, By Voltage, 2013-2020 (USD Million)
Table 62 South Africa: DC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 63 Rest of Middle East & Africa: DC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 64 South America: DC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 65 South America: Market Size, By Power Rating, 2013-2020 (USD Million)
Table 66 South America: Market Size, By End-Use Industry, 2013-2020 (USD Million)
Table 67 South America: Market Size, By Country, 2013-2020 (USD Million)
Table 68 Brazil: Market Size, By Voltage, 2013-2020 (USD Million)
Table 69 Argentina: Market Size, By Voltage, 2013-2020 (USD Million)
Table 70 Rest of South America: DC Drives Market Size, By Voltage, 2013-2020 (USD Million)
Table 71 Expansions, 2014-2015
Table 72 Mergers & Acquisitions, 2013-2014
Table 73 Contracts & Agreements, 2012-2014
Table 74 New Product Launches, 2013
List of Figures (50 Figures)
Figure 1 Markets Covered: DC Drives Market
Figure 2 DC Drives Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Estimation Approach & Data Triangulation Methodology
Figure 7 Asia-Pacific is Estimated to Hold the Largest Market Share (Value) in 2015
Figure 8 DC Drives Market Share (Value), By Voltage, 2015
Figure 9 Oil & Gas and Water & Wastewater Industries are Expected to Account For the Maximum Share During the Forecast Period
Figure 10 DC Drives Market Snapshot: Asia-Pacific is Expected to Be the Largest Market in the Next Five Years
Figure 11 The Low Power DC Drives Segment is Expected to Dominate the Market During the Forecast Period
Figure 12 Organic Growth Through Expansions is the Major Growth Strategy Adopted By Market Players, 2011-2015
Figure 13 DC Drives Market Growth Opportunities, 2015-2020
Figure 14 The Low Voltage Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 15 China Held the Highest Market Share in Asia-Pacific in 2014
Figure 16 The Middle East & Africa Region is Expected to Exhibit Highest Growth During the Forecast Period
Figure 17 Market For High Power is Growing Faster Than Low & Medium Power DC Drives, 2015-2020
Figure 18 DC Drives Market Segmentation By Voltage Level, Power Rating, End-Use Industry, & Region
Figure 19 Market Dynamics: DC Drives Market
Figure 20 Urbanization Trend
Figure 21 Supply Chain Analysis: Major Value is Added During the Manufacturing & Assembly Phase
Figure 22 Porter’s Five Forces Analysis: DC Drives Market
Figure 23 The Low Voltage Drives Segment is Expected to Dominate the DC Drives Market During the Forecast Period
Figure 24 Asia-Pacific is Expected to Dominate the Low Voltage DC Drives Market During the Forecast Period
Figure 25 The Low Power DC Drives Segment is Estimated to Hold the Largest Market Share in 2015
Figure 26 Asia-Pacific is Expected to Lead the Low Power DC Drives Market During the Forecast Period
Figure 27 The Oil & Gas Segment Accounted For the Largest Market Share in 2014
Figure 28 Asia-Pacific is Expected to Maintain Its Dominance in the Oil & Gas Market Throughout the Forecast Period
Figure 29 DC Drives Market Share (Value), By Region, 2015
Figure 30 Regional Snapshot – Growth Rate of Market for DC Drives in Key Countries, 2015–2020
Figure 31 Asia-Pacific DC Drive Market Overview
Figure 32 Europe DC Drive Market Overview
Figure 33 Companies Adopted Various Growth Strategies in the Past Five Years
Figure 34 Battle For Market Share: Expansions is the Key Strategy Adopted By the Players, 2011-2015
Figure 35 Market Leaders Based on Developments, 2011-2015
Figure 36 Market Evolution Framework: Expansions Led to Market Growth Between 2011 & 2015
Figure 37 Regional Revenue Mix of the Top 5 Players
Figure 38 ABB Ltd.: Company Snapshot
Figure 39 Siemens AG: Company Snapshot
Figure 40 Schneider Electric Se: Company Snapshot
Figure 41 Rockwell Automation: Company Snapshot
Figure 42 Mitsubishi Electric Corporation: Company Snapshot
Figure 43 Crompton Greaves Limited: Company Snapshot
Figure 44 Toshiba International Corporation Ltd.: Company Snapshot
Figure 45 Danfoss Group: Company Snapshot
Figure 46 Parker Hannifin Co.: Company Snapshot
Figure 47 Emerson Electric Co.: Company Snapshot
Figure 48 American Electric Technologies Inc.: Company Snapshot
Figure 49 GE Power Conversion: Company Snapshot
Figure 50 KB Electronics: Company Snapshot
Growth opportunities and latent adjacency in DC Drives Market