Dc Motors Market Scope
In order to automate the manufacturing processes or number of industrial tasks, DC motors are majorly used. These motors serves number of industries including mechanical industry, automobile industry, and many others. These motors are used for converting electrical energy into mechanical energy. Continues growth of the automation in the production processes is one of the primary drivers for the DC Motors market. Moreover, continues technological advancements in the DC motor development will generate significant growth over the forecasted period. In addition to this, the demand for energy efficient DC Motors will be escalated with increasing energy consumption awareness across the global population.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Dongguan Leader Precision Industry Co., Ltd. (China), CG Power Systems (Belgium), Ekita OOD (Bulgaria), Assun Motor Limited (Singapore), Bühler Motor GmbH (Germany), Citizen Micro Co., Ltd. (Japan), ABB AG (Germany), AMER (Italy), Chiaphua Components Ltd (Hong Kong) and Boston Gear LLC (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Manufacturers will contribute to the maximum growth of Global Dc Motors market throughout the predicted period.
Dongguan Leader Precision Industry Co., Ltd. (China), CG Power Systems (Belgium), Ekita OOD (Bulgaria), Assun Motor Limited (Singapore), Bühler Motor GmbH (Germany), Citizen Micro Co., Ltd. (Japan), ABB AG (Germany), AMER (Italy), Chiaphua Components Ltd (Hong Kong) and Boston Gear LLC (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Baldor Electric Ontario, Inc. (Canada) and Daehwa E/M Co. Ltd. (South Korea).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Dc Motors market by Type , by Application (HVAC Equipment, Aerospace & Transportation, Household Appliances, Industrial Machinery, Motor Vehicles and Others) and Region with country level break-up.
On the basis of geography, the market of Dc Motors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In December 2023, TM Robotics announced the launch of a new DC servo motor for industrial robots. The new motor is designed to provide high torque, accuracy, and reliability for a variety of robotic applications.
In November 2023, Bosch announced the launch of a new high-efficiency DC motor for a variety of applications, including industrial automation, robotics, and medical devices. The new motor is designed to reduce energy consumption and improve performance.
Influencing Trend:
Increased Usage of Brushless DC Motors across Major Industries and Emergence of compact and modular DC motors
Market Growth Drivers:
Rising Demand from HVAC Applications and Growing Adoption of Energy Efficient Motors
Challenges:
Comparatively Maximum and Complex Post Purchase Maintenance for DC Motors and Limitations of DC Motor Accessories such as Durability and Efficiency of Electrical Components
Restraints:
Availability of Comparatively Inexpensive DC Motors in the Gray Market and Higher Initial Investments required in Establishing Bigger DC Motors
Opportunities:
Growing Demand Leading to Continues Automobile Production and Huge market potential in upcoming Years due to Introduction to Electronic Bikes
Key Target Audience
DC Motor Manufacturers, DC Motor Distributors and Traders, Electronic Appliances Importers and Exporters, Electrical Industry Associations, Automobile Industry Global Players, Manufacturing Industry Global Players, Government Agencies and Others