Asia Pacific Is Expected To Be The Most Prominent Region In The Global DC Drive Market During 2022-2032
DC Drive Market: Introduction
A DC drive is an electronic device used to control & regulate the speed of a DC motor by varying the current flow through the motor. DC drives are mainly used in the manufacturing industry to control and regulate electronic devices such as fans, pumps, machine spindles and conveyers during the production processes.
One of the key advantages of DC drive is reduced energy consumption by regulating motor speed at variable loads. Moreover, DC drives increase the service life of the motor system and thereby reduce the associated operational cost.
DC drives increase the overall system reliability and reduce technology cost by delivering peak performance and integrated intelligence for maximum availability. DC drives are used across several industrial segments including oil & gas, power generations, chemicals, metal & mining and automotive.
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DC Drive Market: Market Participants
Examples of some of the prominent market participants operating in the global tool steel market include,
- ABB Ltd.
- Schneider Electric SE
- Siemens AG
- Mitsubishi Electric Corporation
- Rockwell Automation
- Emerson Electric
- Danfoss Group
DC Drive Market: Segmentation
Based on power rating, the global DC drive market has been segmented as:
- Low Power
- Medium Power
- High Power
Based on end-use, the global DC drive market has been segmented as:
- Oil & Gas
- Power Generation
- Metal & Mining
- Chemicals & Petrochemicals
- Water & Wastewater
- Food & Beverage