Triton
Market Research presents the Global Electric DC Motor Market report
sectioned by Power Output (3KW-75 KW, 750 W-3 KW, 0-750 W, Above 75 KW), Type
(Brushed, Brushless), Speed (2001-10,000 RPM, 501-2000 RPM, Less Than 500 RPM,
More Than 10,000 RPM), Application ( Industrial Machinery, HVAC Equipment,
Automotive and Transportation, Aerospace and Defense, Household Appliance,
Other Applications), and Regional Outlook (Latin America, Asia-Pacific, North
America, Europe, Middle East and Africa). The report further discusses the
Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s
Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Regulatory
Framework, Key Market Strategies, Drivers, Challenges, Opportunities,
Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts
& Analysis (2022-2028).
Triton Market Research’s report highlights that the global market for electric DC motor is projected to surge at a CAGR of 8.86% over the forecast period 2022-2028.
An
electric DC motor converts direct electrical energy into mechanical energy. The
motor's speed can be adjusted over a broad range by changing the supply voltage
or the current's strength in its field windings.
In
recent times, the adoption of brushless DC motors has increased due to the
rising urban population and growing awareness regarding environmentally
friendly products. These motors are adopted by various industries, including
agriculture, automotive, healthcare, and medical. The increased adoption is due
to its features such as low noise, strong torque, energy savings, increased
operating & energy efficiency, high torque, and high rpm. Thus, the
aforementioned factors are propelling the growth of the electric DC motor
market.
However,
due to the presence of an unorganized market segment, there is a lack of
quality control for DC motors, which is anticipated to impede the overall
growth of the electric DC motor market.
Globally, the Asia-Pacific is
anticipated to be the fastest-growing region in the electric DC motor market.
The region’s growth is mainly due to the robust automotive industry that has
increased the utilization of electric DC motors over the years. For instance,
in 2020, approximately 3,394,446 and 25,225,242 vehicles were produced in India
and China, respectively. This rise in automotive manufacturing increases the
demand for electric DC motors, in turn driving the studied market.
Leading companies in the electric DC
motor market include ABB, Maxon Motors AG, Robert Bosch GmbH, Siemens AG,
Yaskawa Electric Corporation, Ametek, Johnson Electric Holdings Ltd, Oriental
Motor Co Ltd, Nidec Corporation, MinebeaMitsumi Inc, Regal Beloit Corporation,
Arc Systems Inc, Teco Electric & Machinery Co Ltd, Allied Motion
Technologies Inc, and Rockwell Automation.
The
electric DC motor market players mainly focus on product and service
enhancements by integrating advanced technologies into their offerings. For
instance, Maxon Motors launched a new ventilated brushless DC motor with power
level improvement. Another company, Johnson Electric launched LVDC motors for
smart furniture, designed for actuators used in smart recliners, hospital beds,
height-adjustable desks, and other smart furniture products.
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