Permanent Magnet Motor Market Size, Share, Analysis, Regional Outlook and Forecast 2018-2023

The global permanent magnet motor market is expected to grow from an estimated market size of USD 29.50 Billion in 2018 to USD 45.13 Billion by 2023, at a CAGR of 8.87%, from 2018 to 2023. The global market is set to witness a significant growth because of the increasing implementation of permanent magnet motors across industries. Growing robotics technology presents a significant opportunity for the permanent magnet motor market.

Permanent Magnet AC Motor: The largest segment, by type, during the forecast period

The permanent magnet AC motor segment is expected to hold the majority share of the permanent magnet motor market during the forecast period. Growing investment in consumer electronics and government initiatives to promote the use of energy-efficient motors are the major factors driving the permanent magnet motor market in the Asia Pacific region. The Asian market players, such as Yaskawa, Nidec, Toshiba Corporation, and Johnson Electric are involved in the manufacturing of permanent magnet AC motors. These factors have resulted in the highest market share of the permanent magnet AC motor segment in the permanent magnet motor market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=218887711

The up to 25 kW segment accounts for the largest share of the permanent magnet motor market, by power rating, during the forecast period

The up to 25 kW segment is expected to be the largest market, by power rating, from 2018 to 2023. The factors driving the market for permanent magnet motors ranging up to 25 kW include vast implementation of these permanent magnet motors in textile, pulp & paper, medical devices, aerospace, robotics, window shutters, air conditioners, door shutters, and electrical vehicles.

Objectives of the Study:

1. To define, describe, and forecast the global permanent magnet motor market on the basis of type, power rating, end-users, and region
2. To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
3. To strategically analyze the market with respect to individual growth trends, future expansions, and contributions to the market
4. To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
5. To forecast the growth of the market with respect to major regions (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
6. To profile key players and comprehensively analyze their market ranking and core competencies
7. To analyze competitive developments, such as mergers & acquisitions, expansion, new product developments, and contracts & agreements in the field of market

Asia Pacific: The fastest-growing market for permanent magnet motor

In this report, the permanent magnet motor market has been analyzed on the basis of five regions, namely, Asia Pacific, North America, Europe, and the Middle East & Africa. The permanent magnet motor market in Asia Pacific is driven by countries such as China, India, Japan, and Australia. Asia Pacific has economies with increasing industrial & manufacturing sectors, automotive, consumer electronics, chemicals and processing, and paper & pulp. The demand for permanent magnet motors in these sectors is driven by rapid industrialization, rising population, and urbanization. Countries such as China and Japan have implemented energy efficiency standards to save electricity consumption. This drives the market for permanent magnet motors. Governments of major economies in Asia Pacific promote the use of energy-efficient motors in order to save electricity. This drives the market for permanent magnet motors in Asia Pacific.

Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=218887711

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the permanent magnet motor market. These include GE (US), Siemens (Germany), ABB (Switzerland), Toshiba Corporation (Japan), and Emerson (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Marine VFD Market Industry to 2024 – Market driven by the rise in demand for energy efficiency.

The global marine VFD market is projected to reach USD 1,039 million by 2024 from an estimated USD 772 million in 2019, at a CAGR of 6.13% during the forecast period. This growth can be attributed to the rise in demand for energy efficiency.

The AC drive segment is expected to hold the largest share of the marine VFD market, by type, during the forecast period

The AC drive segment is estimated to dominate the marine VFD market in 2019 and is projected to have the largest market share during the forecast period.  This is because the use of an AC drive helps in energy savings, increases the life of rotating components, reduces the noise and vibration level, decreases mechanical stress on motor control applications, and enhances the overall process control.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=85395523

The medium voltage segment is expected to be the fastest growing marine VFD market, by voltage, during the forecast period

The medium voltage segment accounted for the highest CAGR during the forecast period. The use of these drives helps in improving efficiency, thereby reducing the overall operating cost. Furthermore, the medium voltage VFDs are estimated to save 40–60% of energy compared to motors running at full speed.

This research report categorizes the marine VFD market based on application, type, voltage, and region.

On the basis of application, the marine VFD market has been segmented as follows:

• Pump
• Fan
• Compressor
• Propulsion/thruster
• Crane & hoist

On the basis of type, the marine VFD market has been segmented as follows:

• AC Drive
• DC Drive

On the basis of voltage, the marine VFD market has been segmented as follows:

• Low voltage (Up to 1 kV)
• Medium voltage (Above 1 kV)

On the basis of region, the marine VFD market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• South America
• Middle East & Africa

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=85395523

Asia Pacific: The leading marine VFD market

In this report, the marine VFD market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global marine VFD market in 2019, owing to the presence of a large number of shipbuilding companies in China, Japan, and South Korea. Moreover, in the past few years, this region has witnessed rapid economic development as well as the growth in the maritime trade. The rise in seaborne trade has, subsequently, led to an increase in the demand for ships used to transport manufactured goods to various regions worldwide. Thus, the rise in the demand of ships is likely to drive the demand for marine VFDs in the Asia Pacific region.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the marine VFD market. Some of the key players are ABB (Switzerland), GE (US), Eaton (Ireland), Rockwell Automation (US), Siemens (Germany), WEG (Brazil), and Danfoss (Denmark). The leading players are adopting various strategies to increase their share in the marine VFD market.

Ask FREE Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=85395523

Report Objectives

• To define, describe, and forecast the marine VFD market by application, type, voltage, and region
• To provide detailed information on the major factors influencing the growth of the marine VFD market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the marine VFD market with respect to individual growth trends, prospects, and contribution of each segment to the market
• To analyze the market opportunities for stakeholders and the details of the competitive landscape for market leaders
• To forecast the growth of the marine VFD market with respect to the major regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa).
• To strategically profile key players and comprehensively analyze their market ranking and core competencies
• To track and analyze the competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the marine VFD market

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Exhaustive Study on Submarine Power Cable Market 2023 – Future Scenarios and Business Opportunity Analysis

The submarine power cable market is expected to grow from an estimated market size of USD 8.12 Billion in 2018 to USD 16.56 Billion by 2023, at a CAGR of 15.32%, from 2018 to 2023. The overall market is set to witness significant growth because of the increasing offshore wind installations, growing demand for inter-country and island connection, and demand from offshore oil & gas sector. Increasing demand for HVDC connections is one of the major opportunities for the submarine power cable market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160046356

Offshore Wind Power Generation: The largest segment, by End-User, during the forecast period

The offshore wind power generation segment is expected to hold the largest share of the submarine power cable market during the forecast period. Growing investment in the renewable sector and technology advancements along with government initiatives are the major factors driving the submarine power cable market in Europe. New offshore wind generation capacity is under development in countries in Asia Pacific, especially China. These factors have resulted in the highest market share of the offshore wind power generation segment in the submarine power cable market.

The high voltage segment accounts for the largest share of the submarine power cable market, by voltage, during the forecast period

The high voltage segment is expected to be the largest market, by voltage, from 2018 to 2023. Factors driving the market for high-voltage submarine power cables ranging above 33 kV include vast implementation of these submarine power cables in the offshore wind industry and inter-country & island connections.

Europe: The fastest-growing market for submarine power cables

In this report, the submarine power cable market has been analyzed on the basis of 5 regions: Asia Pacific, North America, Europe, and the Middle East & Africa. The submarine power cable market in Europe is driven by countries such as UK, Germany, Denmark, and Netherlands. The demand for submarine power cables in this sector is driven by rising offshore wind installations accelerated by significant technology advances.

Ask FREE Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=160046356

To enable an in-depth understanding of the competitive landscape, the report includes the profiling of some of the key players in the submarine power cable market. These players include Prysmian (Italy), Nexans (France), NKT (Denmark), General Cable (US), and Furukawa Electric (Japan). Leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.

Objectives of the Study

• To define, describe, and forecast the global submarine power cables market on the basis of type, voltage, end-user, conductor material type, and region
• To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the submarine power cables market with respect to individual growth trends, future expansions, and contributions to the market
• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
• To forecast the growth of the submarine power cables market with respect to major regions (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
• To profile key players and comprehensively analyze their market ranking and core competencies
• To analyze competitive developments, such as mergers & acquisitions, expansion, new product developments, and contracts & agreements in the field of submarine power cables market

Browse related reports:

Cables and Accessories Market by Voltage (Low, Medium, High), LV by Installation (Overhead (Conductors, Accessories), Underground (PVC, XLPE, Terminations, and Joints)), LV by End-User (Industrial, Renewables), and Region - Global Forecast to 2022

Wire and Cable Management Market by Product (Trays & Ladders, Raceway, Connectors, Ties, Conduit), Cable Type (Power Cable, Communication Wire & Cable), Material (Metallic and Non-Metallic), End-User, and Region - Global Trends and Forecasts to 2023

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Ring Main Unit Market Size, Share, Analysis, Regional Outlook and Forecast 2020-2025

The global ring main unit market size is projected to grow at a CAGR of 9.3% from 2020 to 2025. The market is estimated to be USD 1.6 billion in 2020 and expected to reach USD 2.5 billion by 2025. Asia Pacific is expected to be the largest and the fastest growing market for ring main units from 2020–2025. The market is driven by the rising demand for uninterrupted and reliable power supply across several end-use industries and expansion of the manufacturing sector. Also, the increasing renovation of power infrastructure and growing electricity demand in countries like China, India, and Japan is expected to fuel the ring main unit demand.

The ring main unit market has been segmented, by type, into gas insulated, air insulated, oil insulated, and solid dielectric insulated. Solid dielectric is the fastest growing ring main unit market. Operational safety and low carbon emissions using solid dielectric ring main units are expected to boost its demand.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51228954

The ring main unit market has been segmented, by installation, into outdoor and indoor. The increasing installation of solar and wind power plants is expected to foster the demand for outdoor ring main units.

The ring main unit market has been segmented, by application, into distribution utilities, industries, and infrastructure & transportation. Distribution utilities is the fastest growing ring main unit market. Increasing T&D investments to meet the growing power demand are likely to propel the ring main unit market in this segment. In addition, rural electrification in India would require usage of equipment such as ring main units for uninterrupted power supply. This would bring growth opportunities for the ring main unit market in this segment.

The ring main unit market has been segmented, by voltage rating, into up to 15 kV, 16–25 kV, and above 25 kV. Up to 15 kV is the fastest growing ring main unit market. Some of the large manufacturers of up to 15 KV ring main units are Eaton, Larsen & Toubro, Siemens, ABB, LS Electric, and others. Increasing number of commercial establishments due to rapid urbanization and infrastructure development is the prime reason for the market growth.

Key Market Players:

The major players in the ring main unit market are ABB (Switzerland), Schneider Elecctric (France), Eaton (Ireland), Lucy Electric (UK), Larsen & Toubro (India), Siemens (Germany), C&S Electric (India), LS Electric (South Korea), Ormazabal (Spain), TIEPCO (Saudi Arabia), and ENTEC Electric & Electronic (South Korea).

Ask FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=51228954

Report Objectives:

• To define, describe, segment, and forecast the ring main unit market by type, installation, application, voltage rating, and region
• To provide detailed information on the significant factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• Providing detailed information about the impact of COVID-19 on ring main unit value chain and its impact on various stakeholders such as raw material suppliers, RMU manufacturers, suppliers, utility operators, and others
• To strategically analyze the market for individual growth trends, future expansions, and contribution of each segment to the market
• To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
• To forecast the growth of the market for the regions, namely, Asia Pacific, North America, Europe, South America, Middle East, and Africa
• To profile and rank key players and comprehensively analyze their respective market shares
• To analyze competitive developments such as contracts & agreements, investments & expansions, new product launches, and mergers & acquisitions in the ring main unit market
• Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions due to COVID-19

Browse more related reports:

Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region - Global Forecast to 2025

Distributed Energy Resource Management System Market by Technology (Solar PV, Wind, Energy Storage, CHP), by Software (Analytics, Management & Control, VPP), by End-User (Government & Municipalities, Industrial, Commercial), and by Region - Global Forecast to 2022

Top 10 High & Medium Voltage Products Market HV (Switchgear, HV Cables, Power Transformer, Gas Insulated Switchgear), MV (Ring Main Unit, Recloser, MV Cables, Voltage Regulator, Surge Protection Devices, Disconnect Switch) - Global Forecast to 2021

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

PDC Drill Bits Market Emerging Trends, Business Opportunities, Segmentation and Forecast to 2023

The PDC drill bits market is expected to grow from an estimated USD 3.66 Billion in 2018 to USD 4.54 Billion by 2023, at a CAGR of 4.41% during the forecast period. This growth can be attributed to factors such as increasing oil & gas drilling activities in the world and need for advanced techniques for faster drilling in less downtime.

The report’s target audience includes:

• PDC drill bits manufacturers and suppliers
• PDC drill bits operators
• Oil & gas drilling operators
• PDC drill bits research institutes
• Government and research organizations
• Institutional researchers and professors
• National and local government organizations
• Research organizations and consulting companies
• Technology providers

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33536072

The matrix body segment is estimated to hold the largest share of PDC drill bits market, by type, during the forecast period

The matrix body segment held the largest share of the PDC drill bits market in 2017 and is expected to grow at a decent pace during the forecast period. The large market share of this segment can be attributed to the rising demand for faster drilling with less wear and tear of drill bits in medium-hard and hard formations.

The 6–10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017

The 6–10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017. The 6–10 blades of PDC drill bits are mainly used for higher Rate of Penetration (ROP) drilling in medium-hard formations. Countries such as the US, China, Saudi Arabia, and Oman are showing rapid growth in the 6–10 blades PDC drill bits segment because of the recent increase in shale gas production and oil drilling.

Ask FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=33536072

North America: The leading regional market in PDC drill bits

In this report, the PDC drill bits market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America is estimated to be the largest market for PDC drill bits. The increasing shale gas exploration & production in the region is the major factor for the growth of the market.

The report provides an in-depth understanding of the competitive landscape and includes profiles of some of the leading players in the PDC drill bits market. The key players include Schlumberger (US), BHGE (US), Halliburton (US), NOV (US), Varel (US), Atlas Copco (Sweden), Ultera (US), Drill Master International (US), Sichuan Chuanshi Diamond Bit (China), Torquato (US), Rubicon Oilfield International (US), and Western Drilling tools (Canada), Shear bits (Canada), Volgaburmash (Russia). These players adopted various strategies, such as new product launches, contracts & agreements, and mergers & acquisitions to increase their global presence and market share.

Objectives of the study

• To define, describe, and forecast the PDC drill bits market, in terms of value, on the basis of type, size of PDC cutter, number of blades and region
• To provide detailed information about the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
• To estimate and forecast the size of the market, in terms of value, with respect to 6 main regions, namely, the Middle East, Africa, Asia Pacific (APAC), North America, Europe, and South America
• To study the individual growth trends and future prospects of PDC drill bits providers and analyze the key contributors in this market
• To strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market
• To track and analyze competitive developments such as contracts & agreements, mergers & acquisitions, and new product launches in the market
• To profile key market players and comprehensively analyze their market positions and core competencies

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Motor Control Centers Market Latest Trends, Development, Growth Analysis And Forecast by 2025

The global motor control centers market is expected to grow from an estimated value of USD 4.6 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 6.4%, from 2020 to 2025. The global market is set to witness significant growth owing to the growing demand for industrial automation in developed regions and regulations promoting energy saving across major industries.

The low voltage segment is expected to hold the largest share of the motor control centers market, by voltage, during the forecast period

The low voltage segment includes up to 1 kV motor control centers. This segment is expected to hold the major share in 2020 owing to the widespread adoption of low voltage motors in various industries globally. Low voltage motor control centers are mainly used in the chemical & petrochemical, cement & manufacturing, food & beverage, oil & gas, and metals & mining. Asia Pacific is the largest low voltage motor control centers market because of rapid industrialization and urbanization in countries such as China and India. All these factors are expected to boost the low voltage motor control centers market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227058918

Busbars are an alternative to traditional cabling and the largest motor control centers market, by component, during the forecast period

The busbars segment held the largest share of the motor control centers market in 2019. A busbar is the most important component of a motor control center as it acts as a common voltage point for all electrical equipment connected to the motor control center. The increase in the flexibility, efficiency, and reliability of busbars, and the elimination of the need for additional wires have led to the rising demand for busbars in the motor control centers market. Busbars are mainly used in utilities and industrial applications to deliver power to buildings and electrical loads, respectively.

The industrial segment is expected to be the fastest growing end-user of the motor control centers market

The industrial end-users of the motor control centers market is segmented into oil & gas, metals & mining, utilities, chemical & petrochemical, cement & manufacturing, and food & beverage industries. The industrialsegment is expected to be the fastest growing motor control centers market from 2020 to 2025 owing to the inclination toward motorized automation worldwide. Moreover, increasing demand for electric motors in the aforementioned industries is also expected to drive the industrial segment of the motor control centers market.

Ask For Free Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=227058918

Asia Pacific is expected to dominate the global motor control centers market

Asia Pacific is expected to dominate the global motor control centers market owing to the increasing industrialization and electricity demand in the region. China is expected to dominate the Asia Pacific motor control centers market. The motor control centers’ markets in countries such as China, India, and Japan are expected to grow at high rates. Increasing power generation capacity additions and industrialization projects in these countries are the main reasons spurring the growth of the motor control centers market.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the motor control centers market. These include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and Rockwell Automation (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.

Report Objectives:

• To define, describe, and forecast the global motor control centers market on the basis of type, voltage, component, standard, end-user, and region
• To provide detailed information regarding the major factors influencing the growth of the motor control centers market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the motor control centers market with respect to individual growth trends, future prospects, and contributions of each segment to the market
• The impact of the COVID-19 pandemic on the motor control centers market has been analyzed for the estimation of the market size.
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
• To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the motor control centers market

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

DC Circuit Breaker Market – Global Overview by Size, Share, Growth, Trend and Forecast Till 2024

Global DC Circuit Breaker Market Overview

The DC circuit breaker market is expected to grow from an estimated USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a CAGR of 6.54%. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the DC circuit breaker market. Aging Power Infrastructure, rising electrification projects and adoption of the HVDC technology, can lead to opportunities in the DC circuit breaker market.

The medium voltage segment is expected to hold the largest share of the DC circuit breaker market, by voltage, during the forecast period.

The medium segment led the DC circuit breaker market in 2019 and is projected to have the largest market share during the forecast period. This growth can be attributed mainly to the growing demand to attain reliable and sustainable power supply mostly in rural areas of the Asia Pacific and the Middle East & Africa region. Increasing investments in aging electrical infrastructure in transmission and distribution networks and the rising need to protect electrical circuit equipment further drives the medium voltage DC circuit breaker market.

Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=9752370

By insulation, the vacuum segment led the DC circuit breaker market, during the forecast period.

The vacuum segment led the DC circuit breaker market in 2019. High insulating strength, suitability for repeated operations, & low maintenance cost are expected to drive the vacuum DC circuit breaker market.  Also, rising investments in electrification projects, in which vacuum technologies are highly deployed encourages players to invest in the DC circuit breaker. They are mainly used in medium voltage ranging from 11 kV to 33 kV. They have a long mechanical service life. They are fast in operation; hence are ideal for fault clearing. Further, they are also safe as they do not explode, have a noiseless operation, are eco-friendly, and have a very minimal maintenance cost. They mainly find application in switchgears, transformers, power conditioning systems, switching devices, and transformers.

Asia Pacific: The leading market for DC circuit breaker market

In this report, the DC circuit breaker market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific led the global DC circuit breaker market in 2018. The high growth rate in the Asia Pacific region can be attributed to increased investments in the electric grid development and growing reliance on renewable sources of power generation. China and India are the largest markets for DC circuit breaker market in the region. Increasing grid investments and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines is likely to drive the growth of the DC circuit breaker market in the region during the forecast period. Rise in investments in smart grid technologies is another factor which is driving the DC circuit breaker market in Asia Pacific.

Leading key players:

The key players are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Toshiba (Japan), Larsen & Toubro (India), Mitsubishi (Japan), Powell (US), Rockwell Automation (US), Fuji Electric (Japan), CG Power (India), ENTEC Electric & Electronic (South Korea), BRUSH Group (UK). Contracts & agreements was one of the key strategies adopted by the players to strengthen their global presence and offerings.

Ask FREE Sample Pages - https://www.marketsandmarkets.com/requestsampleNew.asp?id=9752370

Key Questions addressed by the report

• The report identifies and addresses key markets for DC Circuit Breaker, which would help manufacturers review the growth in demand.
• The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
• The report will help key players understand the strategies of their competitors better and make better strategic decisions.
• The report addresses the market share analysis of key players in the market and with the help of their competitors can enhance their revenues in the respective market.
• The report provides insights about emerging geographies for the DC Circuit Breaker and the entire market ecosystem can gain a competitive advantage from such insights.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com