Regenerative drives are compact, high performance, and low harmonic drives which help in providing energy backup to the power grids of a building. These drives can provide almost 100% power backup. Motors continuously produce energy that is generally not tapped; this results in wastage of energy. Regenerative drives help in increasing power in plants more effectively and efficiently. Manufacturers and suppliers of moving walkways, elevators, and escalators have started providing regenerative energy drives to increase the energy efficacy of these systems. ABB, Danfoos, Rockwell Automation, Siemens, and Schneider Electric are the major players in the regenerative drives market and have been continuously investing in research and development. Regenerative drives provide significant energy savings compared to other braking methods. No external brake resistor is required, as it gets transformed into easy installation and zero wasted heat.
Major
Key Players of the Regenerative Drives Market are:
ABB, Danfoos, Rockwell Automation, Schneider
Electric, Magnetek, Gefran SPA, Robert Bosch GmbH, YASKAWA Europe GmbH, and
Siemens.
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Vendors in the regenerative drives market
offer drives for both AC and DC power supplies. There are also vendors in the
market that are providing adjustable frequency regenerative drives to the
customers and are in great demand. The energy during braking, for single motor
or multi-motor DC drive systems, can be regenerated into the AC power line or
can be used by the other drive systems. Using regeneration with adjustable
frequency drives to return energy to the AC power line, was earlier considered
to be very expensive. Regenerative drives are also available based on power
rating, such as micro-power regenerative drives, low-power regenerative drives,
medium-power regenerative drives, and high-power regenerative drives.
Low-power regenerative drives are expected
to become popular among customers as they help organizations in reducing energy
consumption and cost. Low-power regenerative drives also help in improving
process control in industries, such as automation, building, food &
beverage, oil & gas, and pulp & paper. Increasing infrastructure
activities in developing nations is expected to drive the growth of the
low-power drive segment in the near future. Also, huge investments in the
manufacturing industry is a key factor expected to propel the growth of the
regenerative drives market. However, decline in price of lithium-ion batteries
is a major restraint of the regenerative drives market across the world as it
decreases the sale of regenerative drives.
Our key underpinning
is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all
the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to
evaluate the current and future growth prospects, untapped avenues, factors
shaping their revenue potential, and demand and consumption patterns in the
global market by breaking it into region-wise assessment.
The following regional
segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant
framework in the report sums up our wide spectrum of data-driven research and
advisory for CXOs to help them make better decisions for their businesses and
stay as leaders.
Research
objectives:-
– To study and analyze the global Regenerative
Drives consumption (value & volume) by key regions/countries, product type
and application, history data.
– To understand the structure of the Regenerative Drives market by identifying
its various sub-segments.
– Focuses on the key global Regenerative Drives manufacturers, to define,
describe and analyze the sales volume, value, market share, market competitive
landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Regenerative Drives with respect to individual growth trends,
future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of
the market (growth potential, opportunities, drivers, industry-specific
challenges and risks).
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In the end, Regenerative Drives industry
report specifics the major regions, market scenarios with the product price,
volume, supply, revenue, production, and market growth rate, demand, forecast
and so on. This report also presents SWOT analysis, investment feasibility
analysis, and investment return analysis.
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