Monday 14 September 2015, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the Global DC Drives Market: ABB, Schneider and Siemens
Other Prominent Vendors in the market are: Beijing Leader & Harvest Electric, Danfoss, Emerson, Fuji Electric, Hiconics Drive, Hitachi, Mitsubishi, Rockwell Automation, Toshiba and Yaskawa America
Commenting on the report, an analyst said: “The global DC drives market is negatively affected by the growing trend of manufacturers in industries such as F&B, power, automotive, metal processing and textiles industries replacing DC motors with more efficient AC motors. Globally, the market for AC motors is six to seven times larger than the market for DC motors. The growth of more affordable AC technology and the rising use of inverters in industries have prompted end-users to replace their existing DC systems with AC systems.”
According to the report, DC motors are widely used in electric vehicles across the world, especially in the US, Japan, Europe, South Africa, China, and India, which is boosting the demand for DC drives.
Further, the report states that factors such as harmonic distortion created by DC drives into the power line and their need for regular servicing and repair are affecting market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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