Global Electric DC Motors Market

Electric DC Motors Market: Overview

According to Custom Market Insights (CMI), The Global Electric DC Motors Market  Size was estimated at USD 18.6 billion in 2021 and is expected to reach USD 19.8 billion in 2022, and is anticipated to reach around USD 27.7 billion by 2030, growing at a CAGR of roughly 10% between 2022 and 2030.

Our research report offers a 360 degree view of the Electric DC Motors markets drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Electric DC Motors market.

Electric DC motors are frequently employed in various industrial applications to carry out various industrial operations. Electric DC motors are used for energy conversion in almost every mechanical advancement since they transform electrical energy into mechanical energy. The steady expansion of industrial automation primarily drives the market for electric DC motors.

Several industry sectors have incorporated industrial automation components in the past few years. Industries are changing their business procedures to compete in the fast paced commercial environment. During the projected period, these factors are anticipated to support the expansion of the worldwide electric DC motor market.

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Electric DC Motors Market: Growth Drivers

Future demand for DC type is anticipated to be enormous because of factors including the concerted efforts of governments worldwide to promote manufacturing and the growing popularity of electric vehicles. Numerous countries have revised their energy regulation rules due to the excessive usage of conventional energy sources, such as fuels, and their quick depletion. Utilizing these motors results in cleaner consumption and cost effective cost reduction.

The rate at which industrial industries are automating and modernizing their processes is dangerously high due to the increasing demand for goods. A significant level of modernization has also been achieved in conventional agricultural machinery, which makes considerable use of DC motors. Due to rising demand brought on by these factors, the electric DC motors market is anticipated to grow throughout the forecast period.

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Electric DC Motors Market: Regional Analysis

The Asia Pacific region will lead the electric DC motor market in 2021. Over the projection period, developed regions like North America and Europe are anticipated to experience consistent expansion. The demand for these motors is anticipated to increase over the next several years as the U.S. government encourages the production of electric vehicles. The industry in Europe is also being driven by government subsidy programs for electric vehicles to protect the environment from carbon emissions.

Electric DC Motors Market: Recent Developments

• August 2021: A Chinese client ordered a customized machine with dual shaft extension from Siemens Large Drives Applications (LDA). It has a 105 MW motor operating capacity and a 129 MVA power generation capacity when used as a generator. The efficiency of the 2 pole electric motor will be greater than 98%.
• December 2021: The Nidec Corporation declared that a new facility would be built in Serbia. To distribute goods across Europe and conduct a variety of business ventures from Serbia, the company intends to construct factories there.

Key Players:

• Allied Motion Inc.
• ABB
• Ametek Inc
• Minebeamitsumi Inc.
• Johnson Electric Holdings Limited
• Yaskawa Electric Corp
• Maxon Motor AG
• NIDEC Corporation
• Siemens AG
• Regal Rexnord Corporation

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The global Electric DC Motors market is segmented as follows:

By Type

• Brushed
• Brushless

By Voltage

• 0 to750 Watt
• 750 Watts to 3 kW
• 3kW to 75 kW
• Above 75kW

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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