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Global Direct Current Electric Drives Market Report, History and Forecast 2018-2029, Breakdown Data by Companies, Key Regions, Types and Application
SKU ID : ARS-23857016 | Publishing Date : 23-May-2023
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This report aims to provide a comprehensive presentation of the global market for Direct Current Electric Drives, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Direct Current Electric Drives.
The Direct Current Electric Drives market size considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Direct Current Electric Drives market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Direct Current Electric Drives manufacturers, new entrants, and industry chain related companies in this market with information for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
The Global Direct Current Electric Drives Market is expected to grow by registering a CAGR of 5.1% during the forecast period (2022-2027). As DC electric drives are primarily in electric traction applications, expanding the industrial and manufacturing sectors are expected to boost their demand.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Direct Current Electric Drives market include ABB Ltd., Kirloskar Electric Company Limited, Rockwell Automation, Parker Hannifin Corp, and Nidec Motor Corporation. The share of the top 3 players in the Direct Current Electric Drives market is xx%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, in which North America accounted for xx%, Europe accounted for xx% of Direct Current Electric Drives market, and Asia Pacific accounted for xx%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Low Voltage accounted for xx% of Direct Current Electric Drives market in 2022. Medium Voltage share of xx%.
Oil & Gas accounted for xx% of the Direct Current Electric Drives market in 2022. Power Generation accounts for xx%.
In recent years, a series of factors are affecting the development of the automotive industry.
Electric Vehicles (EVs): The shift towards electric vehicles has gained significant momentum in recent years. Automakers are investing heavily in EV development and expanding their electric vehicle lineups. This trend is driven by factors such as government regulations to reduce emissions, improvements in battery technology, and increasing consumer interest in eco-friendly transportation options.
Autonomous Driving: Autonomous driving technology has advanced rapidly, with the development of sophisticated sensors, machine learning algorithms, and connectivity systems. Automakers and tech companies are investing in autonomous driving research and development, aiming to achieve higher levels of vehicle automation. This trend holds the promise of safer and more efficient transportation, as well as new business models like autonomous ride-hailing services.
Shared Mobility: The concept of shared mobility has gained popularity, particularly in urban areas. Services like ride-hailing, car-sharing, and car subscription models have experienced significant growth. These services offer convenience, cost savings, and reduced traffic congestion by optimizing vehicle utilization. Automakers are responding by entering partnerships or launching their own shared mobility platforms.
Highlights-Regions
The Direct Current Electric Drives market can be split based on product types, major applications, and important regions as follows:
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
South America
Brazil
Argentina
Colombia
MEA
Saudi Arabia
Egypt
Nigeria
Player list
ABB Ltd.
Kirloskar Electric Company Limited
Rockwell Automation
Parker Hannifin Corp
Nidec Motor Corporation
Types list
Low Voltage
Medium Voltage
Application list
Oil & Gas
Power Generation
Chemical & Petrochemical
Water & Wastewater
Metal & Mining
Food & Beverage
Discrete Industries
Others
The Direct Current Electric Drives market size considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Direct Current Electric Drives market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Direct Current Electric Drives manufacturers, new entrants, and industry chain related companies in this market with information for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
The Global Direct Current Electric Drives Market is expected to grow by registering a CAGR of 5.1% during the forecast period (2022-2027). As DC electric drives are primarily in electric traction applications, expanding the industrial and manufacturing sectors are expected to boost their demand.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Direct Current Electric Drives market include ABB Ltd., Kirloskar Electric Company Limited, Rockwell Automation, Parker Hannifin Corp, and Nidec Motor Corporation. The share of the top 3 players in the Direct Current Electric Drives market is xx%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, in which North America accounted for xx%, Europe accounted for xx% of Direct Current Electric Drives market, and Asia Pacific accounted for xx%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Low Voltage accounted for xx% of Direct Current Electric Drives market in 2022. Medium Voltage share of xx%.
Oil & Gas accounted for xx% of the Direct Current Electric Drives market in 2022. Power Generation accounts for xx%.
In recent years, a series of factors are affecting the development of the automotive industry.
Electric Vehicles (EVs): The shift towards electric vehicles has gained significant momentum in recent years. Automakers are investing heavily in EV development and expanding their electric vehicle lineups. This trend is driven by factors such as government regulations to reduce emissions, improvements in battery technology, and increasing consumer interest in eco-friendly transportation options.
Autonomous Driving: Autonomous driving technology has advanced rapidly, with the development of sophisticated sensors, machine learning algorithms, and connectivity systems. Automakers and tech companies are investing in autonomous driving research and development, aiming to achieve higher levels of vehicle automation. This trend holds the promise of safer and more efficient transportation, as well as new business models like autonomous ride-hailing services.
Shared Mobility: The concept of shared mobility has gained popularity, particularly in urban areas. Services like ride-hailing, car-sharing, and car subscription models have experienced significant growth. These services offer convenience, cost savings, and reduced traffic congestion by optimizing vehicle utilization. Automakers are responding by entering partnerships or launching their own shared mobility platforms.
Highlights-Regions
The Direct Current Electric Drives market can be split based on product types, major applications, and important regions as follows:
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
South America
Brazil
Argentina
Colombia
MEA
Saudi Arabia
Egypt
Nigeria
Player list
ABB Ltd.
Kirloskar Electric Company Limited
Rockwell Automation
Parker Hannifin Corp
Nidec Motor Corporation
Types list
Low Voltage
Medium Voltage
Application list
Oil & Gas
Power Generation
Chemical & Petrochemical
Water & Wastewater
Metal & Mining
Food & Beverage
Discrete Industries
Others
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
