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DC Drives Market: Snapshot

DC drives are types of electric devices that are primarily used in DC motors to regulate its speed, direction, horsepower, and torque by monitoring the input ampere or voltage or both. DC drivers control the speed in DC motors, field current, and the motor flux. DC drives are used in motors because these motors consume a large amount of energy that is provided to the industries and thus add to the operational costs of the businesses. Using DC drives helps in keeping energy consumption in check and thus cutting down the operational costs. Italso helps in increasing the service time of the motors.

A variety of industrial systems use DC drives for obtaining precise machinery control. Among the end-users of the DC drives, the oil and gas sector is on the forefront. These DC drivers are utilized to monitor the speed of compressors and pumps that are used in the oil and gas industry. Some other prominent end-user sectors are mining, power generation, wastewater, metals, textiles, conveyers, and automotive industries. It is expected that water and wastewater sector will also lend a significant hand in boosting the global DC drives market because of the fast growing urbanization in developing economies around the world.

The global DC drives market is highly competitive and is divided with the existence of large automation corporates and high amount of smaller companies. The market is expected to be on the rise because of the increased industrialization around the globe.

DC drive is an electric device used to control speed, direction, torque, and horsepower of a DC motor. It is a variable frequency drive that consists of separate armature and field circuits. The speed in DC motors is proportional to the armature voltage and inversely proportional to the motor flux; therefore, an increase or decrease in the applied voltage varies the speed of the motor. The field current can be decreased if speed larger than the base speed is desired. The motor flux can be decreased by lowering the current. Decreasing the electric field current also reduces the armature counter electromotive force. A larger armature current flows if there are smaller counter electromotive forces. The armature current increases the motor speed through the rise in the motor torque. DC drives are suitable for variable-speed machines and are generally simpler to use as compared to AC drives. DC drives are also less complicated due to single power conversion and less expensive for comparable horsepower ratings. The DC drive technology is efficient, dependable, and comparatively easy to use and implement. Hence, it is used to lower operational costs and increase the shelf life of electric equipment.

DC drives are used in various industrial drive systems for precise control of machinery. The oil & gas sector is the leading end-user of DC drives. These drives are employed to control the speed of pumps and compressors in the oil & gas sector. Common applications of DC drives include cranes and trolleys, belts and conveyers, and compressors and pumps. DC drives are also employed in applications needing synchronization of multiple machines for continuous production. This includes pulp & paper and tire industries. These drives are largely used in locomotive applications, as they include thyristors with high power rating. DC drives are also employed in industrial blowers, machine tools, and fans.

Increase in demand for energy and electricity is driving the global DC drives market. Decrease in energy consumption due to the high efficiency of DC drives provides lucrative opportunities for retrofit applications in the manufacturing industry. The DC drives market can be segmented based on the strength of voltage (medium and low voltage) and power rating (low, medium, and high power). Demand for DC drives is high in the oil & gas industry. Other major end-users of DC drives are power generation, water & wastewater, and mining industries. The global DC drives market is highly competitive and fragmented with the presence of large automation companies and high number of smaller companies in the unorganized sector. China is the leading market for DC drives due to the rapid industrialization in the country. Other developing countries such as Brazil and India are also witnessing high demand for DC belt drives. Industrially developed countries are relatively mature markets. Thus, the DC drive market in such countries is expected to expand at a sluggish pace in the near future. Growth of the DC drive market in the Middle East is also anticipated to be moderate in the next few years due to the decline in demand owing to the slowdown in the oil & gas industry.

Key players operating in the belt drive market are Emerson Electric Co., Siemens AG, Rockwell Automation, ABB Ltd., Schneider Electric SE, Crompton Greaves Limited, Toshiba International Corporation Ltd., Danfoss Group, Parker Hannifin Co., American Electric Technologies Inc., GE Power Conversion, and Mitsubishi Electric Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Dc Drives Market

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