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DC Drive Market Trends

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

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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.

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