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The DC drive market had an estimated market size of US$ 5.5 Billion in 2023 and is expected to reach a global market size of US$ 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 US$ 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