Electric DC Motors Market Growth Opportunities, Key Players, and Threads Analysis
According to our latest market study on “Electric DC Motors Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Speed, and Application,” the market is expected to grow from US$ 12,968.5 million in 2021 to US$ 23,639.4 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028.
An electric DC motor converts direct electrical energy into mechanical energy. Its speed can change over a broad range, by providing a variable supply voltage or by fluctuating the current strength in its field windings. A small DC electric motor is widely used for small tools, appliances, and toys. The electric DC motor is used across various domains, such as industrial machinery, automotive, aerospace, transportation, HVAC equipment, and household appliances. Under industrial machinery, the motors find significant use in floor-cleaning equipment, industrial cleaning machines, scrubbers, and sweeping machines. These cleaning machines are also widely required at railways, bus stops, and national and international airports. New airports are being constructed in various countries of the world. For instance, Berlin-Brandenburg (Berlin's long-awaited airport) became finally operational on October 31, 2020. The construction and expansion of new airports drive the need for electric DC motors used in cleaning machines.
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The electric DC motors market is segmented on the basis of type, speed, application, and geography. Based on type, the market is bifurcated into brushed DC motors and brushless DC motors. Based on speed, the electric DC motors market is segmented into low (less than 1,000 rpm), medium (1,001—25,000 rpm), and high (above 25,000). By application, the market is segmented into industrial machinery, automotive and transportation, HVAC equipment, aerospace & defense, household appliances, and others. Based on geography, the electric DC motors market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.
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Johnson Electric Holdings Limited, Nidec Corporation, Siemens AG, AMETEK Inc., and ABB Ltd are some of the key market players operating in the global electric DC motors market. The listing of key players is derived by considering multiple factors such as overall revenue, current electric DC motor product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the electric DC motor ecosystems which were studies analyzed during the course of this market research study, such as, Yaskawa Electric Corporation; Allied Motion Technologies Inc.; MinebeaMitsumi, Inc.; Maxon Motors AG; and Regal Rexnord Corporation.
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