The DC drive market had an estimated market size of USD 5.5 Billion in 2023 and is expected to reach a global market size of USD 9.8 Billion by 2034, increasing at a CAGR of 5.3% between 2024 and 2034. By 2024, the market for DC drive is likely to reach a valuation of USD 5.8 Billion.



The market is mostly driven by the growing industrial automation trend. The need for DC drive is growing as more sectors incorporate automated systems into their daily operations. Precise control over… Continue

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The global power grid market size is poised for significant growth, reaching USD 300 Billion in 2024. Sales of power grids are expected to witness a robust CAGR of 4.6% from 2024 to 2034. By 2034, the demand for power grids is anticipated to reach a valuation of USD 471 Billion.



Driven by advancements in renewable energy technology, the goal of reducing transmission and distribution losses, and increasing energy efficiency, the power grid market is witnessing a trend toward… Continue