Direct Current Dc Drives Market
Direct Current (DC) Drives Market Forecasts to 2030 - Global Analysis By Type (Brushed DC Drives and Brushless DC Drives), Control Type (Open Loop and Closed Loop), Component, Control Method, Application and By Geography
According to Stratistics MRC, the Global Direct Current (DC) Drives Market is accounted for $5.82 billion in 2024 and is expected to reach $8.69 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Direct Current (DC) drives are electrical devices used to control the speed, torque, and direction of DC motors. They operate by varying the voltage and current supplied to the motor, allowing precise control over its performance. DC drives typically consist of a rectifier to convert alternating current (AC) to DC, a controller to adjust the motor's operational parameters, and an inverter or similar component to regulate the power delivered to the motor.
According to IEA, global energy intensity - a key measure of the economy's energy efficiency was forecasted to improve by 1.9% in 2021 after improving by only 0.5% in 2020.
Market Dynamics:
Driver:
Increasing adoption of industrial automation
DC drives offer fine-tuned control over motor speed, torque, and direction, which is essential for optimizing automated systems and improving operational efficiency. As industries automate processes to enhance productivity and reduce labor costs, the need for advanced DC drives grows. Their ability to integrate with automation systems and provide variable speed control supports various applications, from robotics to conveyor systems, fueling market expansion and driving innovation in DC drive technologies.
Restraint:
Technological obsolescence
Rapid advancements in drive technology, such as the development of advanced AC drives and integrated digital solutions, can overshadow DC drives, leading to reduced demand for older systems. This obsolescence may result in higher costs for upgrades and maintenance, as well as decreased market attractiveness for DC drive manufacturers. Consequently, it impedes market growth and innovation in the DC drives sector.
Opportunity:
Growing adoption of electric & autonomous vehicles
DC drives facilitate efficient power management, enabling precise control of motor speed and torque, essential for optimal vehicle performance. As the demand for EVs rises due to environmental concerns and government incentives, manufacturers increasingly rely on DC drives for their cost-effectiveness and reliability. Additionally, advancements in battery technology, which often utilize DC power, further boost the demand for DC drives. This synergy between EV growth and DC drive technology creates a robust market expansion opportunity.
Threat:
High maintenance costs
High maintenance costs in DC drives arise from the need for regular servicing of components such as brushes, commutators, and rectifiers, which are prone to wear and tear. These maintenance requirements can lead to increased downtime and operational disruptions. As a result, businesses may face higher long-term operational costs compared to alternatives with lower maintenance needs. This financial burden can deter potential buyers, restrict market expansion, and reduce the attractiveness of DC drives compared to more maintenance-friendly drive systems.
Covid-19 Impact
The covid-19 pandemic impacted the DC drives market by disrupting supply chains and manufacturing operations, leading to delays and increased costs. Reduced industrial activity and investment during lockdowns also slowed demand. However, the shift toward automation and increased focus on energy efficiency as industries adapted to new working conditions created opportunities for market recovery. The pandemic accelerated the adoption of remote monitoring and control technologies, benefiting DC drive applications in sectors that required continued operation.
The voltage control segment is expected to be the largest during the forecast period
The voltage control segment is estimated to have a lucrative growth, due to its ensured stable and precise operation. By adjusting the voltage, DC drives manage motor speed and torque, improving performance and efficiency. This capability is crucial in applications requiring exact voltage levels to maintain operational stability and prevent damage. DC drives are commonly used in power supplies, battery management systems, and sensitive electronic equipment, where consistent voltage control is essential for reliable performance.
The industrial automation segment is expected to have the highest CAGR during the forecast period
The industrial automation segment is anticipated to witness the highest CAGR growth during the forecast period. In industrial automation, DC drives are used to precisely control the speed, torque, and direction of DC motors, enhancing overall system performance. They facilitate smooth and adjustable operation in various applications such as conveyor systems, robotics, and pumps. DC drives support efficient energy use and contribute to the automation of repetitive tasks, improving productivity and operational efficiency. Their ability to provide fine-tuned control makes them essential in optimizing industrial processes and machinery.
Region with largest share:
In the Asia-Pacific region, the direct current (DC) drives market is experiencing growth driven by rapid industrialization, urbanization, and increasing automation in countries like China, India, and Japan. Rising investments in manufacturing, renewable energy projects and electric vehicles are boosting demand for DC drives. The region's expanding industrial base and infrastructure development are further propelling market expansion. Further, the growing focus on energy efficiency and automation continues to drive market expansion.
Region with highest CAGR:
In North America, the Direct Current (DC) drives market benefits from a mature industrial base and significant investments in automation, electric vehicles, and renewable energy. The demand for DC drives is fueled by their efficiency in industrial processes and advanced technology integration. Key drivers include a focus on energy savings, technological innovations, and the growth of sectors like manufacturing and transportation. Overall, the market remains strong due to continuous technological advancements and industry demand for precise control solutions.
Key players in the market
Some of the key players profiled in the Direct Current (DC) Drives Market include ABB, Siemens, Schneider Electric, Rockwell Automation, Mitsubishi Electric, Danfoss, Emerson Electric, Bosch Rexroth, GE Digital, Honeywell, Yaskawa Electric Corporation, National Instruments, Toshiba, Delta Electronics, Inovance Technology, Control Techniques, Parker Hannifin, Baldor Electric Company, Nidec Corporation and STMicroelectronics.
Key Developments:
In February 2024, ABB introduced the ACH580 4X variable frequency drive (VFD), a new addition to ABB’s all-compatible drive portfolio that is built for outdoor installation and extreme environments in the HVACR industry. The ACH580 4X drive incorporates features like a flying start for seamless control of spinning motors.
In May 2023, Siemens launched new servo drive system Sinamics S200, specifically for the battery and electronics industry. It consists of a precise servo drive, powerful servo motors and easy-to-use cables and offers high dynamic performance. It offers optimized speed ripple, cogging torque compensation, 17/21-bit ST and 21-bit MT encoders, and cycle-synchronous communication for optimized performance by Profinet IRT in minimum 250us.
Types Covered:
• Brushed DC Drives
• Brushless DC Drives
Control Types Covered:
• Open Loop
• Closed Loop
Components Covered:
• Hardware
• Software
Control Methods Covered:
• Voltage Control
• Current Control
• Speed Control
Applications Covered:
• Industrial Automation
• Transportation
• Mining & Metals
• Pulp & Paper
• Water & Wastewater Treatment
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Direct Current (DC) Drives Market, By Type
5.1 Introduction
5.2 Brushed DC Drives
5.3 Brushless DC Drives
6 Global Direct Current (DC) Drives Market, By Control Type
6.1 Introduction
6.2 Open Loop
6.3 Closed Loop
7 Global Direct Current (DC) Drives Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Cooling Systems
7.2.2 Surge Protectors
7.2.3 Display & Interface Units
7.2.4 Feedback Devices
7.2.5 Controllers
7.2.6 Transistors
7.3 Software
7.3.1 Safety & Compliance Software
7.3.2 Simulation & Testing Software
7.3.3 Configuration & Setup Software
7.3.4 Control Software
7.3.5 Communication Software
8 Global Direct Current (DC) Drives Market, By Control Method
8.1 Introduction
8.2 Voltage Control
8.3 Current Control
8.4 Speed Control
9 Global Direct Current (DC) Drives Market, By Application
9.1 Introduction
9.2 Industrial Automation
9.3 Transportation
9.4 Mining & Metals
9.5 Pulp & Paper
9.6 Water & Wastewater Treatment
9.7 Other Applications
10 Global Direct Current (DC) Drives Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 ABB
12.2 Siemens
12.3 Schneider Electric
12.4 Rockwell Automation
12.5 Mitsubishi Electric
12.6 Danfoss
12.7 Emerson Electric
12.8 Bosch Rexroth
12.9 GE Digital
12.10 Honeywell
12.11 Yaskawa Electric Corporation
12.12 National Instruments
12.13 Toshiba
12.14 Delta Electronics
12.15 Inovance Technology
12.16 Control Techniques
12.17 Parker Hannifin
12.18 Baldor Electric Company
12.19 Nidec Corporation
12.20 STMicroelectronics
List of Tables
1 Global Direct Current (DC) Drives Market Outlook, By Region (2022-2030) ($MN)
2 Global Direct Current (DC) Drives Market Outlook, By Type (2022-2030) ($MN)
3 Global Direct Current (DC) Drives Market Outlook, By Brushed DC Drives (2022-2030) ($MN)
4 Global Direct Current (DC) Drives Market Outlook, By Brushless DC Drives (2022-2030) ($MN)
5 Global Direct Current (DC) Drives Market Outlook, By Control Type (2022-2030) ($MN)
6 Global Direct Current (DC) Drives Market Outlook, By Open Loop (2022-2030) ($MN)
7 Global Direct Current (DC) Drives Market Outlook, By Closed Loop (2022-2030) ($MN)
8 Global Direct Current (DC) Drives Market Outlook, By Component (2022-2030) ($MN)
9 Global Direct Current (DC) Drives Market Outlook, By Hardware (2022-2030) ($MN)
10 Global Direct Current (DC) Drives Market Outlook, By Cooling Systems (2022-2030) ($MN)
11 Global Direct Current (DC) Drives Market Outlook, By Surge Protectors (2022-2030) ($MN)
12 Global Direct Current (DC) Drives Market Outlook, By Display & Interface Units (2022-2030) ($MN)
13 Global Direct Current (DC) Drives Market Outlook, By Feedback Devices (2022-2030) ($MN)
14 Global Direct Current (DC) Drives Market Outlook, By Controllers (2022-2030) ($MN)
15 Global Direct Current (DC) Drives Market Outlook, By Transistors (2022-2030) ($MN)
16 Global Direct Current (DC) Drives Market Outlook, By Software (2022-2030) ($MN)
17 Global Direct Current (DC) Drives Market Outlook, By Safety & Compliance Software (2022-2030) ($MN)
18 Global Direct Current (DC) Drives Market Outlook, By Simulation & Testing Software (2022-2030) ($MN)
19 Global Direct Current (DC) Drives Market Outlook, By Configuration & Setup Software (2022-2030) ($MN)
20 Global Direct Current (DC) Drives Market Outlook, By Control Software (2022-2030) ($MN)
21 Global Direct Current (DC) Drives Market Outlook, By Communication Software (2022-2030) ($MN)
22 Global Direct Current (DC) Drives Market Outlook, By Control Method (2022-2030) ($MN)
23 Global Direct Current (DC) Drives Market Outlook, By Voltage Control (2022-2030) ($MN)
24 Global Direct Current (DC) Drives Market Outlook, By Current Control (2022-2030) ($MN)
25 Global Direct Current (DC) Drives Market Outlook, By Speed Control (2022-2030) ($MN)
26 Global Direct Current (DC) Drives Market Outlook, By Application (2022-2030) ($MN)
27 Global Direct Current (DC) Drives Market Outlook, By Industrial Automation (2022-2030) ($MN)
28 Global Direct Current (DC) Drives Market Outlook, By Transportation (2022-2030) ($MN)
29 Global Direct Current (DC) Drives Market Outlook, By Mining & Metals (2022-2030) ($MN)
30 Global Direct Current (DC) Drives Market Outlook, By Pulp & Paper (2022-2030) ($MN)
31 Global Direct Current (DC) Drives Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
32 Global Direct Current (DC) Drives Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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