Industry Background:
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.This growth is primarily driven by Rising Demand from HVAC Applications
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electrical Components & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.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.
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
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Dc Motors Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Dc Motors Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Dc Motors players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Dc Motors Study Sheds Light on
The Dc Motors Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Dc Motors industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dc Motors industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.