DC Drives Market – Global Industry Analysis Report Now Available from Technavio
By Business Wire News
By Business Wire News
Technavio has published a new report on the global DC drives market,which is expected to grow at a CAGR of over 9% from 2015-2019.
DC drives market segmentation including product, end-user, and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different products, including low-voltage drives and medium-voltage drives.
Additionally, analysts have segmented market projections by key geography, and also by end-user, focusing on different industries such as F&B, water and wastewater, HVAC, power, metal processing, textiles, conveyors, automotive, and others.
“The Internet of things is an emerging technology that enhances connectivity, connecting people with each other and with industrial equipment bearing unique identifier codes. The use of IoT can enhance the significance of DC drives, as well, helping to facilitate data networking and data transfer without human-to-computer or human-to-human interactions,” says Faisal Ghaus, Vice President of Technavio.
DC drives: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global DC drives market from 2015-2019. To calculate the market size, we consider revenue generated from the sale of two main types of DC drives, as well as the demand from various end-user industries.
Industry analysis includes:
- Key Vendors:
- Schneider Electric
- Market Growth Drivers:
- Increased demand for electric vehicles
- Demand for retrofitting
- Market Challenges:
- Harmonic issues with DC drives
- High installation costs
- Market Trends:
- Replacement of DC with AC systems
- Government regulations and policies to increase energy efficiency
View the global DC drives market report.
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