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DC Drive Market - By Voltage (Low Voltage, Medium Voltage), By Power Rating (Low, Medium, High), By End-use Industry (Oil & Gas, Power Generation, Chemical & Petrochemical, Water & Wastewater, Metal & Mining, Food & Beverage, Discrete Industries), Forecast 2024 - 2032

  • Report ID: GMI8741
  • Published Date: Mar 2024
  • Report Format: PDF

DC Drive Market Size

DC Drive Market size was valued at over USD 5 billion in 2023 and is estimated to register a CAGR of over 8.5% between 2024 and 2032. Advancements in DC drive technology and features propel market growth by offering enhanced performance, efficiency, and functionality. These advancements include improvements in control algorithms, digital interfaces, and integrated safety features, enabling more precise & reliable motor control.

DC Drive Market

Additionally, innovations, such as regenerative braking capabilities and adaptive control systems, enhance energy efficiency, reducing operational costs for end users. As a result, industries increasingly adopt DC drives to optimize their processes and improve productivity. For instance, in March 2022, Siemens introduced a new servo drive system, Simatic Micro-Drive. It offers units from 100 watts to 1 kilowatt and allows side-by-side rail mounting. Compatible controllers from the SIMATIC portfolio complement the motion control functionalities of this product.

The need for reliable and precise speed control systems drives growth in the DC drive market as industries prioritize efficient operations and product quality. DC drives offer precise control over motor speed, torque, and acceleration, ensuring consistency and accuracy in various applications such as manufacturing, robotics, and material handling. With the rising demand for optimized processes and production, industries rely on DC drives to maintain operational stability, enhance productivity, and meet stringent quality standards.


The DC drive market is susceptible to mechanical and electrical failures, which can result in production losses, maintenance expenses, and downtime for end users. System failure risk is increased by the vulnerability of mechanical parts and power semiconductors to wear, heat, and climatic conditions. In order to mitigate these risks, proactive maintenance techniques and investments in sturdy, dependable components are needed, which can complicate and increase the cost of DC drive installations.

DC Drive Market Trends

The rising digitalization involves the integration of advanced control features, such as Digital Signal Processors (DSPs) and microcontrollers, in DC drives. These technologies enable precise motor control, enhanced monitoring, and diagnostic capabilities, leading to improved efficiency and performance in industrial applications.

DC drives are increasingly being integrated with Internet of Things (IoT) platforms and predictive maintenance systems. This integration enables real-time monitoring of drive performance and condition, allowing for predictive maintenance and proactive fault detection. By leveraging data analytics and Machine Learning (ML) algorithms, organizations can optimize maintenance schedules, minimize downtime, and extend the lifespan of DC drives.

DC Drive Market Analysis

DC Drive Market Size, By Power Rating, 2022-2032, (USD Billion)

Based on the power rating, the market is divided into low, medium, and high. The low segment is expected to reach over USD 4 billion by 2032.

  • Low-power DC drives often feature compact designs, making them suitable for installations where space is limited or where smaller form factors are preferred. Their compact size allows for easier integration into existing systems or machinery, providing flexibility in design and installation.
  • There is an increasing demand for DC drives with lower power ratings in small-scale applications such as home appliances, HVAC systems, and smaller machinery. These applications require precise motor control at lower power levels, fueling the adoption of low-power DC drives.
Global DC Drive Market Share, By Voltage, 2023

Based on the voltage, the DC drive market is segmented into low voltage and medium voltage. The medium voltage segment is expected to register a CAGR of over 8.5% during the forecast period.

  • Medium-voltage DC drives are well-suited for high-power applications where the motors require a voltage range typically above 600V up to several kilovolts. Industries, such as mining, oil & gas, marine, and metal processing, often require high-power drives to operate heavy machinery and equipment.
  • Medium-voltage DC drives offer higher efficiency and better power quality compared to low-voltage variants, especially in large-scale industrial applications. They provide improved motor control, reduced energy consumption, and enhanced power factor correction, leading to overall energy savings and operational cost reduction.
China DC Drive Market  Size, 2022-2032, (USD Million)

Asia Pacific dominated the global direct current drives market, with over 35% of the revenue share. The Asia Pacific region's market is expected to expand due to growing investments in manufacturing, infrastructure development, and fast industrialization. China, India, and Japan are seeing rapid growth in industries including electronics, construction, and automobiles, boosting the need for DC drives in a variety of applications. Furthermore, modernization and automation activities are proliferating the growth of the market in Asia Pacific.

DC Drive Market Share

ABB and Siemens held a significant share of over 15% in the market in 2023. ABB is a global technology company offering a wide range of industrial automation and electrification solutions. ABB provides a comprehensive portfolio of DC drives including low-voltage, medium-voltage, and regenerative variants. These drives offer precise motor control, energy efficiency, and reliability, catering to diverse industrial applications across various sectors.

Siemens is a leading multinational conglomerate with a diversified portfolio in electrification, automation, and digitalization. Siemens offers a range of DC drive solutions tailored for industrial applications. Its portfolio includes low-voltage, medium-voltage, and regenerative DC drives, providing precise motor control, energy efficiency, and reliability to meet the needs of various industries.

DC Drive Market Companies

Major players operating in the DC drive industry are:

  • ABB Ltd
  • Danfoss Group
  • Emerson Electric
  • Mitsubishi Electric
  • Rockwell Automation
  • Schneider Electric
  • Siemens AG

DC Drive Industry News

  • In October 2021, Parker Hannifin launched its Global Vehicle Inverter (GVI) low- & high-voltage drives. The series meets the requirements of on-road commercial and off-road hybrid/electric vehicles. These drives can also be used in non-traction applications such as construction equipment, electro-hydraulic actuators/pumps for medium & high-power cylinders found in aerial lifts, material handling systems, wheel loaders, refuse trucks, mining machinery, and excavators.
  • In October 2021, Rockwell Automation and NHP launched the PowerFlex 6000T medium-voltage drives, featuring common control architecture and TotalFORCE technology. The product offers easy configuration, integration, and visualization in the Studio 5000 design environment.

The DC drive market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Voltage, 2018 - 2032

  • Low voltage
  • Medium voltage

Market, By Power Rating, 2018 - 2032

  • Low
  • Medium
  • High

Market, By End-use Industry, 2018 – 2032

  • Oil & gas
  • Power generation
  • Chemical & petrochemical
  • Water & wastewater
  • Metal & mining
  • Food & beverage
  • Discrete industries
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA


Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

DC drive industry size exceeded USD 5 billion in 2023 and may register over 8.5% CAGR between 2024 and 2032, due to advancements in DC drive technology and features for offering enhanced performance, efficiency, and functionality.

The medium voltage segment is expected to register over 8.5% CAGR from 2024 to 2032 as they offer higher efficiency and better power quality compared to low-voltage variants, especially in large-scale industrial applications.

Asia Pacific DC drive industry recorded over 35% revenue share in 2023, due to growing investments in manufacturing, infrastructure development, and fast industrialization.

Some of the leading DC drive firms worldwide are ABB Ltd, Danfoss Group, Emerson Electric, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens AG

DC Drive Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 285
  • Countries covered: 24
  • Pages: 200
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