Product Code: ETC4530325 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India DC drives market import shipment demonstrated robust growth with a CAGR of 16.3% from 2020 to 2024. The growth rate between 2023 and 2024 slightly moderated to 9.9%, indicating a sustained expansion trend with a strong momentum.
The India DC drives market is experiencing steady growth, primarily fueled by the need for precise speed and torque control in various industrial applications. Industries like steel, cement, and textiles heavily rely on DC drives for motor control. With the emphasis on energy efficiency and process optimization, the demand for DC drives is expected to continue to rise.
The India DC drives market is experiencing significant growth driven by the need for precise speed and torque control in industrial applications. These drives find applications in industries ranging from steel and mining to textiles and paper manufacturing. The increasing demand for regenerative DC drives, which can recover and reuse energy, aligns with India focus on sustainability and energy efficiency. Additionally, the adoption of DC drives in renewable energy systems, such as wind turbines, is contributing to market expansion.
The DC drives market in India confronts several challenges as it caters to the diverse needs of industries that still rely on direct current motor control. One significant challenge is the transition to more energy-efficient alternatives, such as AC drives, which are gaining popularity. The market must focus on developing advanced DC drive technologies that are both efficient and cost-effective to remain relevant. Adapting to changing industrial requirements and customizing DC drives for specific applications is another challenge, given the country`s varied industrial landscape. Additionally, the market must address the need for skilled technicians who can install, operate, and maintain DC drives effectively.
The DC drives market may have faced challenges due to reduced industrial activities and manufacturing disruptions. Industries that extensively use DC drives, such as steel and mining, could have been affected. However, with the revival of these sectors, the market may regain its momentum.
Prominent players in the DC Drives market in India include Siemens, ABB, Parker Hannifin Corporation, and Schneider Electric.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India DC Drives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India DC Drives Market Revenues & Volume, 2021 & 2031F |
3.3 India DC Drives Market - Industry Life Cycle |
3.4 India DC Drives Market - Porter's Five Forces |
3.5 India DC Drives Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.6 India DC Drives Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.7 India DC Drives Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India DC Drives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of automation and robotics in various industries which require DC drives for precise control and efficiency. |
4.2.2 Growing investments in infrastructure projects like smart cities and industrial automation which create demand for DC drives. |
4.2.3 Rising need for energy-efficient solutions to reduce operational costs and comply with environmental regulations. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with DC drives, limiting adoption among small and medium enterprises. |
4.3.2 Availability of alternative technologies like AC drives and servo drives which offer similar functionalities at competitive prices. |
5 India DC Drives Market Trends |
6 India DC Drives Market, By Types |
6.1 India DC Drives Market, By Voltage |
6.1.1 Overview and Analysis |
6.1.2 India DC Drives Market Revenues & Volume, By Voltage, 2021-2031F |
6.1.3 India DC Drives Market Revenues & Volume, By Low , 2021-2031F |
6.1.4 India DC Drives Market Revenues & Volume, By Medium Voltage, 2021-2031F |
6.2 India DC Drives Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 India DC Drives Market Revenues & Volume, By Low, 2021-2031F |
6.2.3 India DC Drives Market Revenues & Volume, By Medium, 2021-2031F |
6.2.4 India DC Drives Market Revenues & Volume, By High Power, 2021-2031F |
6.3 India DC Drives Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India DC Drives Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.3 India DC Drives Market Revenues & Volume, By Water & Wastewater, 2021-2031F |
6.3.4 India DC Drives Market Revenues & Volume, By Power Generation, 2021-2031F |
6.3.5 India DC Drives Market Revenues & Volume, By Building Automation, 2021-2031F |
6.3.6 India DC Drives Market Revenues & Volume, By Others, 2021-2031F |
7 India DC Drives Market Import-Export Trade Statistics |
7.1 India DC Drives Market Export to Major Countries |
7.2 India DC Drives Market Imports from Major Countries |
8 India DC Drives Market Key Performance Indicators |
8.1 Energy savings achieved by using DC drives compared to traditional systems. |
8.2 Number of new infrastructure projects in key industries utilizing DC drives for automation. |
8.3 Percentage increase in adoption of DC drives in emerging sectors like renewable energy and electric vehicles. |
9 India DC Drives Market - Opportunity Assessment |
9.1 India DC Drives Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.2 India DC Drives Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.3 India DC Drives Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India DC Drives Market - Competitive Landscape |
10.1 India DC Drives Market Revenue Share, By Companies, 2024 |
10.2 India DC Drives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |