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DC Drive Market Share

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

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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

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