Global DC drives market: $24 billion industry by 2016

Press release   •   May 01, 2013 14:46 BST

The Global AC and DC Drives market is to reach US$24.26 billion by 2016. One of the key factors contributing to this market growth is increasing demand for AC and DC drives from the APAC region. The Global AC and DC Drives market has also been witnessing increasing demand for end-to-end systems. However, continuous decline in vendors' profit margin could pose a challenge to the growth of this market.

The Global AC and DC Drives market is witnessing huge market potential for end-to-end systems. Many end-users expect a complete solution for motors, drives, and other products from vendors. End-users prefer complete end-to-end systems from vendors rather than buying and installing standalone products. Vendors can help end-users to focus on their core business processes by providing end-to-end systems with accurate installation at minimal risk. Thus, many vendors have started to provide end-to-end products and systems, which help buyers to create a competitive edge over their competitors in the market.

One of the major drivers in the market is the increasing demand for AC and DC drives from the APAC region. Increasing urbanization and industrialization in the APAC region increases the demand for low-voltage AC drives.

Key vendors dominating this market space include ABB Ltd., Siemens AG, Schneider Electric SA, and Converteam. Other vendors mentioned in the report: Rockwell Automation Inc., Danfoss Group, Mitsubishi Electric Corp., Fuji Electric Holdings Co., Ltd., Yaskawa America Inc., Emerson Electric Co., Hitachi Ltd., Beijing Leader & Harvest Electric Technologies Co., Ltd., Hiconics Drive Technology Co., Ltd., and Toshiba Corp.

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