Market Overview:
The global DC motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for brushless dc motors and rising adoption of dc motors in various applications such as house decoration, construction industry, streetcars, metallurgical equipment, and others. Additionally, the growing demand for energy-efficient and eco-friendly solutions is also propelling the growth of the global DC motors market. However, factors such as high initial cost and lack of standardization are restraining the growth of this market to some extent.
Product Definition:
A direct current (DC) motor is an electrical motor that runs on direct current electricity and uses commutators to convert the alternating current (AC) input into direct current output. DC motors were used to run machinery before the development of AC motors, and they are still used in some applications where high power density is required.
Brushless Dc Motor:
Brushless DC motor is a type of electric motor which uses a commutator and brushes to generate the magnetic field. These motors are used in various applications such as robots, printing mechanisms, medical equipment, etc. The absence of brushes eliminates the risk of abrasion and provides for more efficient operation since there is no physical contact between the rotor and stator windings.
Brush Dc Motor:
Brush DC motor is a type of electric motor which is used in various applications. It can be used as a replacement for stepper motors and servo motors. Brush DC motor has the ability to provide high torque at low speeds. This makes it suitable for applications such as robots, printers, computer hard drives, cell phones and other consumer electronic products that require small size and high torque at low speed characteristics.
Application Insights:
The construction industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this application segment can be attributed to increasing industrialization in developing countries such as India, China, South Korea and Japan. These countries are building huge infrastructure projects that require dc motors for various applications including window cleaners, conveyor drives, material handling equipment etc. Rapid urbanization along with rising living standards has led to an increased demand for residential buildings which is further driving the construction industry globally.
Metallic materials require high precision when cutting or drilling which dc motors are used in various industries including metallurgical and mining where they act as a power source for machines working at extreme temperatures ranging from -70°C to 450°C.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising investments in infrastructure development. Increasing demand for efficient motors from various end-use industries such as aerospace, defense, marine, and others are also driving the product demand in this region.
The growing use of electric vehicles across major countries such as China and India is anticipated to further boost industry expansion over the next eight years. Europe accounted for a significant share of global market revenue owing to high product adoption rates in different applications including streetcars, metallurgical equipment manufacturing facilities, etc., especially in Germany and France countries among other European nations will drive regional growth during the forecast period.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This is primarily due to the increasing awareness about the benefits of electric vehicles over traditional gasoline-powered vehicles, such as lower emissions and fuel costs.
- Stringent emission norms: Stringent emission norms are being implemented by various governments across the globe in an effort to reduce air pollution levels. This is driving the demand for electric and hybrid vehicles, which in turn is benefiting the DC motors market growth.
- Development of advanced technologies: The development of advanced technologies such as brushless DC motors and permanent magnet synchronous motors has helped improve performance and efficiency of DC motors, thereby boosting their adoption in various applications.
- Growing industrial automation trend: The growing industrial automation trend is resulting in increased adoption of DC motors in factory automation applications due to their high reliability and low maintenance requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
DC Motors Market Research Report
By Type
Brushless Dc Motor, Brush Dc Motor
By Application
House Decoration, Construction Industry, Streetcars, Metallurgical Equipment, Other
By Companies
ABB Motors Drives and Power Electronics, AMER, Assun Motor Limited, Baldor Electric, Boston Gear, Bühler Motor GmbH, CG Power Systems, Chiaphua Components, Citizen Micro, DAEHWA E/M, ABB Motors Drives and Power Electronics, Ekita
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global DC Motors Market Report Segments:
The global DC Motors market is segmented on the basis of:
Types
Brushless Dc Motor, Brush Dc Motor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
House Decoration, Construction Industry, Streetcars, Metallurgical Equipment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB Motors Drives and Power Electronics
- AMER
- Assun Motor Limited
- Baldor Electric
- Boston Gear
- Bühler Motor GmbH
- CG Power Systems
- Chiaphua Components
- Citizen Micro
- DAEHWA E/M
- ABB Motors Drives and Power Electronics
- Ekita
Highlights of The DC Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Brushless Dc Motor
- Brush Dc Motor
- By Application:
- House Decoration
- Construction Industry
- Streetcars
- Metallurgical Equipment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the DC Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
DC Motors are electric motors that use direct current to power their rotors. This type of motor is often used in small devices because it is more efficient than other types of motors.
Some of the major players in the dc motors market are ABB Motors Drives and Power Electronics, AMER, Assun Motor Limited, Baldor Electric, Boston Gear, B¼hler Motor GmbH, CG Power Systems, Chiaphua Components, Citizen Micro, DAEHWA E/M, ABB Motors Drives and Power Electronics, Ekita.
The dc motors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 DC Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 DC Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 DC Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the DC Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global DC Motors Market Size & Forecast, 2020-2028
4.5.1 DC Motors Market Size and Y-o-Y Growth
4.5.2 DC Motors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Brushless Dc Motor
5.2.2 Brush Dc Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 House Decoration
6.2.2 Construction Industry
6.2.3 Streetcars
6.2.4 Metallurgical Equipment
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global DC Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 DC Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Brushless Dc Motor
9.6.2 Brush Dc Motor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 House Decoration
9.10.2 Construction Industry
9.10.3 Streetcars
9.10.4 Metallurgical Equipment
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Brushless Dc Motor
10.6.2 Brush Dc Motor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 House Decoration
10.10.2 Construction Industry
10.10.3 Streetcars
10.10.4 Metallurgical Equipment
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Brushless Dc Motor
11.6.2 Brush Dc Motor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 House Decoration
11.10.2 Construction Industry
11.10.3 Streetcars
11.10.4 Metallurgical Equipment
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Brushless Dc Motor
12.6.2 Brush Dc Motor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 House Decoration
12.10.2 Construction Industry
12.10.3 Streetcars
12.10.4 Metallurgical Equipment
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Brushless Dc Motor
13.6.2 Brush Dc Motor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 House Decoration
13.10.2 Construction Industry
13.10.3 Streetcars
13.10.4 Metallurgical Equipment
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 DC Motors Market: Competitive Dashboard
14.2 Global DC Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB Motors Drives and Power Electronics
14.3.2 AMER
14.3.3 Assun Motor Limited
14.3.4 Baldor Electric
14.3.5 Boston Gear
14.3.6 Bühler Motor GmbH
14.3.7 CG Power Systems
14.3.8 Chiaphua Components
14.3.9 Citizen Micro
14.3.10 DAEHWA E/M
14.3.11 ABB Motors Drives and Power Electronics
14.3.12 Ekita
