As the global economy recovers in 2021 and the supply of the industrial chain improves, the Direct Current Electric Drives market will undergo major changes. The Global Direct Current Electric Drives Market is expected to grow by registering a CAGR of 5.1% during the forecast period (2022-2027). As DC electric drives are primarily in electric traction applications, expanding the industrial and manufacturing sectors are expected to boost their demand.
The global Direct Current Electric Drives industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Direct Current Electric Drives market during the next few years. The global Direct Current Electric Drives market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
The Direct Current Electric Drives market can be split based on product types, major applications, and important regions as follows:
Kirloskar Electric Company Limited
Parker Hannifin Corp
Nidec Motor Corporation
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Chemical & Petrochemical
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Metal & Mining
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