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The global direct current (DC) drives market size is projected to reach USD 6.71 billion by 2026. It is set to gain momentum from the ongoing expansion of manufacturing plants around the world. Also, increasing investment by major players in the industrial infrastructure would affect the market positively. This information is provided by Fortune Business Insights™, in a recently published report, titled, “Direct Current (DC) Drives Market Size, Share & Industry Analysis, By Voltage Rating (Up to 240 V, 240 - 600 V, and 600 V & Above), By Power Rating (Up to 250 kW, 251 - 500 kW, and 500 kW & Above), By End User (Oil & Gas, Power Generation, Food & Beverage, Chemicals & Petrochemicals, Metal & Mining, Water & Wastewater, Building Automation, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the market stood at USD 4.34 billion in 2018. But, it would exhibit a CAGR of 5.7% during the forecast period between 2019 to 2026.
CG Introduces Emotron VSM and Emotron VSX Series Variable Speed Drives
CG Power and Industrial Solutions Limited (CG), an Indian designer, marketer, and manufacturer of products related to power generation, transmission, and distribution, added two new range of products to its compact variable speed drives family. They are named Emotron VSM and Emotron VSX Series. They are equipped with an innovative technology that puts forward high performance motor control to complex processes used in numerous industries. The products are specifically made for consumers belonging to the domestic market.
The Emotron VSX Series provides personalized solutions as per the required application. They are extremely compact and possess technologically advanced packaging. It’s LCD graphical display also helps in offering a user-friendly interface that sets the system up efficiently. The Emotron VSM, on the other hand, not only offers a user-friendly set-up but also provides flexible installation of the system. It aids in the cost-efficient and reliable operation of constant torque, compressors, fans, and pumps.
To get a detailed report summary and research scope of this market, click here:
Rising Investments by Countries in Manufacturing & Processing Industry to Propel Growth
As per the World Investment Report 2018, in the year 2017, Asia Pacific invested USD 476 billion of inflow from foreign direct investment. It was mainly contributed by Singapore and China. It proves that the rising number of investments for broadening the manufacturing and processing industry across the world is anticipated to augment the DC drives market growth in the coming years.
Key Players Focus on Launching Technologically Advanced Products to Strengthen Position
The top players in the market are striving constantly to keep up with the DC drives market trends in order to cater to the needs of their consumer bases. Some of the companies are blending the drives with novel features, namely, I/O options, communication, built-in control programs, and programmability. Below is one of the key industry developments:
Fortune Business Insights™ presents a list of all the renowned organizations present in the direct current drives market. They are as follows:
Further Report Findings-
The DC drives market can be segmented in the following way:
Value (USD Billion)
By Voltage Rating
By Power Rating
By End User