Electric DC Motors Market Outlook
According to the report by Expert Market Research (EMR), the global electric DC motors market size is projected to grow at a CAGR of 6.8% between 2024 and 2032. Aided by the escalating demand for energy-efficient motors and the rising applications in various sectors, the market is expected to grow significantly by 2032.
Electric DC motors, known for their high efficiency and excellent speed control, are integral components in various industrial, commercial, and consumer applications. These motors are widely used in automotive, robotics, home appliances, and industrial machinery.
The electric DC motors market growth is predominantly driven by the increasing demand for energy-efficient machinery in various industries. With the rising emphasis on sustainability and cost reduction, industries are adopting DC motors for their energy efficiency and superior performance.
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Another significant factor contributing to market growth is the rapid expansion of the automotive sector, particularly the growing production of electric vehicles (EVs). Electric DC motors are essential components in EVs for propulsion and other auxiliary functions, which bolsters their demand.
Technological advancements in motor design and control systems are also fuelling electric DC motors market demand. Innovations in brushless DC motors and the integration of IoT technologies for enhanced motor performance and monitoring are creating new opportunities in the market.
The electric DC motors market is globally diverse, with significant market shares in regions like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific leads the market, driven by rapid industrialisation and the growth of the automotive industry in countries like China, India, and Japan. In North America and Europe, the market is bolstered by technological advancements and the presence of established industrial and automotive sectors.
As per the electric DC motors market analysis, the market is set for robust growth, driven by technological innovations, increasing energy efficiency requirements, and expanding applications across various industries. The shift towards electric mobility and the growing adoption of smart and automated systems are expected to significantly drive the demand for electric DC motors.
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Electric DC Motors Market Segmentation
The market can be divided based on type, voltage, end use, and region.
Market Breakup by Type
- Brushed DC Motors
- Brushless DC Motors
Market Breakup by Voltage
- 0-750 Watts
- 750 Watts – 3KW
- 3KW – 75KW
- Above 75KW
Market Breakup by End Use
- Industrial Machinery
- Motor Vehicles
- HVAC Equipment
- Aerospace and Transportation
- Household Appliances
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electric DC motors market. Some of the major players explored in the report by Expert Market Research are as follows:
- AMETEK, Inc.
- Allied Motion Technologies, Inc.
- ABB Motors and Mechanical Inc.
- Siemens Ltd.
- Johnson Electric Holdings Ltd.
- Others
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