DC Motor Market – By Product Type (Brush Dc Motors {Shunt Wound Brush DC Motors, Series Wound Brush DC Motors, Permanent Magnet Brush DC Motors, And Compound Wound Brush DC Motors} & Brushless Dc Motors {Inner Rotor Brushless DC Motors & Outer Rotor Brushless DC Motors}), By Voltage (0-750w, 750-3kw, 3kw-75kw, and >75kw), By Applications (Household Appliances, Industrial Machinery, Motor Vehicles, Aerospace & Defense, And Others), and By Region - Global Opportunity Analysis and Industry F

DC motor market size was valued at USD 40577.8 million in 2020 and it expected to reach USD 96062.3 million by 2030, register the CAGR of 9% during the forecast period.  DC motor is a rotating electrical machine that converts electrical energy into mechanical energy by using the interaction among the motor's magnetic field and winding currents to generate a rotational torque. DC motors works on direct current power and consist of field windings to provide the magnetic flux to the armature which acts as a conductor. DC motors are employed in various industrial machinery applications ranging from handheld tools to material transportation equipment. Other applications include vacuum cleaners, plastic extruders, chemical injection pumps, air compressors, forklifts, and many others. The ability of DC motors to save energy and increase the operational efficiency and reliability of such equipment makes them widely preferred for numerous mechanical operations.

Market Segmentation:

On the basis of product type, the market can be bifurcated into brush dc motors and brushless dc motors. The brush dc motors are further classified into shunt wound brush dc motors, series wound brush dc motors, permanent magnet brush dc motors, and compound wound brush dc motors. The brushless dc motors are again classified into inner rotor brushless dc motors and outer rotor brushless dc motors. Based on voltage specifications, the market can be segmented into 0-750W, 750-3KW, 3-75KW, and >75KW. According to applications, the market can be categorised into household appliances, industrial machinery, motor vehicles, aerospace & defence, and others. Geographically, the market can be broadly divided into five regions mainly North America, Europe, Asia Pacific, and RoW.

Market Dynamics and Factors:

Rapid urbanization, industrialization, and population boom have resulted in a massive rise in industrial and agricultural processes. This in turn has augmented the demand for dc motors in the forecast period. With the rise in production demand, the rate at which manufacturing industries are implementing automation and modernization in their processes is alarmingly high. Additionally, modernization of traditional agricultural equipment, which extensively uses dc motors, is also very high. These factors have resulted in an increase in the demand for these motors in the market during the forecast period. Other factors include collective efforts by governments across the globe in encouraging the manufacturing and adoption of electric vehicles, which in turn is anticipated to create a huge demand for these motors in the coming future. However, high initial cost and portability constraints are major factors that may hamper growth of the market during the forecast period.

Geographic Analysis:

Asia Pacific region is expected to dominate the market in terms of market share during the forecast period. The increase in the per capita GDP has raised the power consumption, which in turn has compelled the use of these motors to save power. Another factor that propels the market growth in the APAC region is the large-scale production of electric vehicles in countries like China, India, and Japan. Since, DC motors are an important component of electric vehicles, an increase in the production of electric vehicles is going to boost the demand for these motors during the forecast period. North America and Europe are expected to witness steady growth during the forecast period in terms of market share. Initiatives from the U.S. government for manufacturing of electric vehicles is estimated to augment the demand for these motors over the coming years. Moreover, government funding initiatives for electric vehicles to protect the environment from carbon emissions is driving the market in Europe.  

Competitive Scenario:

The key players of the market are –

Ametek Inc., Johnson Electric Holdings Limited, Maxon Motors AG, Siemens AG, ABB Ltd., Emerson Electric, Faulhaber, Toshiba International, Rockwell Automation, Brook Crompton Electric, and Danaher Motion.  

DC Motor Market Report Scope