Market by Power Output, Type, Speed, Application, and Regional Outlook
A direct current (DC)
motor turns direct electrical energy into mechanical energy. The speed of an
electric DC motor may be adjusted across a wide range by varying the supply
voltage or the intensity of the current in its field windings. Tiny DC electric
motors are commonly found in small equipment, appliances, and toys. The
electric direct current motor is utilized in a variety of applications,
including heating, ventilation, and air conditioning (HVAC) equipment;
industrial machinery; automotive; aerospace; transportation; and domestic
appliances. Electric DC motors are widely used in industrial machinery, such as
cleaning machines, scrubbers, sweeping machines, floor-cleaning equipment, and
so on.
According to Triton Market Research’s analysis, the Global Electric DC Motor Market is likely to reach $xx million by 2028, with a CAGR of 8.86% from $xx million in 2021 during the forecast period 2022-2028.
Click here to check out our blog on the Global Electric DC Motor Market
MARKET PERFORMANCE: DRIVERS, CHALLENGES, AND TRENDS
The
rising demand for HVAC systems and the energy efficiency of brushless DC motors
are factors expected to drive the electric DC motor market growth in the forecast
period. The benefits of brushless DC motors, such as
reduced noise, high torque, energy savings, and increased demand for HVAC
(heating, ventilation, and air conditioning) systems, are driving the industry
forward. HVAC helps systems by keeping the inside air clean and offering
thermal comfort. Emerging economies are witnessing a real estate boom with
increasing infrastructure projects, thus propelling the demand for HVAC
systems. In addition, HVAC systems are an essential component of contemporary
infrastructure, particularly in major office buildings and shopping malls.
Electric direct current (DC) motors are frequently utilized in HVAC systems to
improve their life, power, and airflow efficiency.
However,
the lack of quality control for electric DC motors due to the presence of an
unorganized section of the market is expected to hamper the overall growth.
The electric DC motor market is extremely fragmented, with numerous local and
worldwide competitors present. In this market, product quality is a fundamental
prerequisite for distinction. The regulated market caters mostly to industrial
buyers and maintains high product quality; whereas, the unorganized sector
offers low-cost possibilities for entering local markets. Local electric DC
motor manufacturers target the unorganized market and compete strongly with
multinational suppliers. Leading market players are experiencing severe
competition from unorganized market entrants supplying low-cost and low-quality
electric DC motors, which is limiting the market’s growth.
The
increasing usage of brushless DC motors in electric vehicles indicates an
overall positive outlook for the market. The
global vehicle industry is turning toward electric mobility as electric car
technology advances significantly. This has led to the growth of the electric
vehicle market, which, in turn, has enhanced the adoption of brushless DC
motors. Furthermore, government support such as tax breaks and incentives to
promote environmentally friendly transportation are also projected to increase
sales of brushless DC motors. Brushless electric DC motors are 80-90% more
efficient than conventional motors. Brushless electric DC motors are ideally
suited for electric vehicles because they are battery-powered and require
energy-efficient motors to provide low energy consumption. This is projected to
contribute to market growth throughout the forecast period.
Report scope can be customized per your requirements. Request For Customization
KEY GEOGRAPHIES COVERED:
• North America: United States and Canada
• Europe: United Kingdom, France,
Germany, Spain, Italy, Belgium, Nordic Countries, and Rest of Europe
• Asia-Pacific: China, Japan, India,
Australia & New Zealand, South Korea, ASEAN Countries, and Rest of
Asia-Pacific
• Latin America: Brazil, Mexico,
Argentina, and Rest of Latin America
• Middle East and Africa: Saudi Arabia,
United Arab Emirates, Egypt, South Africa, and Rest of Middle East & Africa
SEGMENTATION ANALYSIS – ELECTRIC DC MOTOR MARKET:
• Market by
Power Output:
o 0-750 W
o 750 W-3 KW
o 3 KW-75 KW
o Above 75 KW
• Market by
Type:
o Brushed
o Brushless
Brushless direct current motors, also known as
electronically commutated motors or synchronous direct current motors, use an
electronic closed-loop controller to switch DC currents to the motor windings,
generating magnetic fields. Brushless DC synchronous motors are similar to
permanent magnet synchronous motors, but they can also be switched reluctance
or induction motors. Brushless DC motors have a higher acceptance rate than
conventional brushed DC motors due to advantages such as high power-to-weight
ratio, high efficiency, practically instantaneous control of speed (RPM) and
torque, high speed, and low maintenance.
• Market by
Speed:
o Less Than 500 RPM
o 501-2000 RPM
o 2001-10,000 RPM
o More Than 10,000 RPM
• Market by
Application:
o Industrial Machinery
o HVAC Equipment
o Automotive and Transportation
o Aerospace and Defense
o Household Appliances
o Other Applications
Automotive and
Transportation is a key end consumer of electric DC motors as these motors are
utilized in the power train of electric vehicles. The automotive industry is
currently undergoing a transformation, with the government and automakers
increasingly favoring EVs over conventional internal combustion engines. The
United States, India, China, South Korea, Japan, and a number of European
countries have all stated plans to phase out the sale of internal combustion-driven
engines. Furthermore, automakers have begun to invest heavily in the
development of electric vehicle platforms. For example, Rivian Automotive Inc,
a California-based EV manufacturer, announced a $5 billion investment to
establish a facility in Georgia, the United States, in December 2021.
COMPETITIVE LANDSCAPE:
The competitive
landscape in the electric DC motor market helps dive into data about the key
players in this market. The strategic initiatives for each of the companies
considered have been covered in detail.
Product
Launch (January 2022) Maxon Motors
Maxon Motors has
introduced a new vented brushless DC motor with increased power output.
Market Expansion (December 2021) Nidec Corporation
To supply its machinery
in Europe, the company opened factories in Serbia so as to operate multiple
businesses from there in the future.
Key Benefits of the Report:
· Triton Market Research has a collective experience of 25-30 years in the industry, with its analysts and experts encompassing the most infallible research methodology for its market intelligence and industry analysis.
· Our research methodology helps in achieving a broader consensus of the market size, shape, and industry trends within each industry segment.
· The strategy adopted in designing the research methodology includes the amalgamation of the information assembled from primary and secondary sources, with the assistance of analytical tools to construct the forecast and predictive models.
·
The scope of the market report
comprises the current scenario of the global electric DC motor market, along
with the detailed overview of the industry outlook, market dynamics,
segmentation analysis, regional outlook, and competitive landscape for the
period 2022-2028.
FAQs:
Q 1) Which are the major players in the electric DC motor
market?
ABB, Allied Motion
Technologies Inc, Ametek, and Arc Systems Inc are some of the major players in the
electric DC motor market.
Q 2) Which is the leading type of electric DC motor?
Brushless DC motor
leads the type segment in the electric DC motor market.
1. GLOBAL
ELECTRIC DC MOTOR MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ELECTRIC DC MOTOR MARKET
2.2. KEY
INSIGHTS
2.2.1. INCREASING
USAGE OF BRUSHLESS DC MOTORS IN ELECTRIC VEHICLES
2.2.2. GOVERNMENT
REGULATIONS TO REDUCE EMISSIONS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. REGULATORY
FRAMEWORK
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT LAUNCHES
2.7.3. CONTRACTS & AGREEMENTS
2.8. MARKET
DRIVERS
2.8.1. RISING
DEMAND FOR HEATING, VENTILATION AND AIR CONDITIONING (HVAC) SYSTEMS
2.8.2. ENERGY
EFFICIENCY OF BRUSHLESS DC MOTORS
2.9. MARKET
CHALLENGE
2.9.1. LACK
OF QUALITY CONTROL FOR ELECTRIC DC MOTORS
2.10. MARKET
OPPORTUNITIES
2.10.1. GROWING
ADOPTION OF INDUSTRIAL AUTOMATION
2.10.2. CONSUMER
ELECTRONICS IS A LUCRATIVE MARKET FOR DC MOTOR TECHNOLOGY
3. GLOBAL
ELECTRIC DC MOTOR MARKET OUTLOOK – BY POWER OUTPUT
3.1. 0-750
W
3.2. 750
W-3 KW
3.3. 3
KW-75 KW
3.4. ABOVE
75 KW
4. GLOBAL
ELECTRIC DC MOTOR MARKET OUTLOOK – BY TYPE
4.1. BRUSHED
4.2. BRUSHLESS
5. GLOBAL
ELECTRIC DC MOTOR MARKET OUTLOOK – BY SPEED
5.1. LESS
THAN 500 RPM
5.2. 501-2000
RPM
5.3. 2001-10,000
RPM
5.4. MORE
THAN 10,000 RPM
6. GLOBAL
ELECTRIC DC MOTOR MARKET OUTLOOK – BY APPLICATION
6.1. INDUSTRIAL
MACHINERY
6.2. HVAC
EQUIPMENT
6.3. AUTOMOTIVE
AND TRANSPORTATION
6.4. AEROSPACE
AND DEFENSE
6.5. HOUSEHOLD
APPLIANCES
6.6. OTHER
APPLICATIONS
7. GLOBAL
ELECTRIC DC MOTOR MARKET – REGIONAL OUTLOOK
7.1. NORTH
AMERICA
7.1.1. MARKET
BY POWER OUTPUT
7.1.2. MARKET
BY TYPE
7.1.3. MARKET
BY SPEED
7.1.4. MARKET
BY APPLICATION
7.1.5. COUNTRY
ANALYSIS
7.1.5.1. UNITED
STATES
7.1.5.2. CANADA
7.2. EUROPE
7.2.1. MARKET
BY POWER OUTPUT
7.2.2. MARKET
BY TYPE
7.2.3. MARKET
BY SPEED
7.2.4. MARKET
BY APPLICATION
7.2.5. COUNTRY
ANALYSIS
7.2.5.1. UNITED
KINGDOM
7.2.5.2. GERMANY
7.2.5.3. FRANCE
7.2.5.4. SPAIN
7.2.5.5. ITALY
7.2.5.6. BELGIUM
7.2.5.7. NORDIC
COUNTRIES
7.2.5.8. REST
OF EUROPE
7.3. ASIA-PACIFIC
7.3.1. MARKET
BY POWER OUTPUT
7.3.2. MARKET
BY TYPE
7.3.3. MARKET
BY SPEED
7.3.4. MARKET
BY APPLICATION
7.3.5. COUNTRY
ANALYSIS
7.3.5.1. CHINA
7.3.5.2. JAPAN
7.3.5.3. INDIA
7.3.5.4. SOUTH
KOREA
7.3.5.5. ASEAN
COUNTRIES
7.3.5.6. AUSTRALIA
& NEW ZEALAND
7.3.5.7. REST
OF ASIA-PACIFIC
7.4. LATIN
AMERICA
7.4.1. MARKET
BY POWER OUTPUT
7.4.2. MARKET
BY TYPE
7.4.3. MARKET
BY SPEED
7.4.4. MARKET
BY APPLICATION
7.4.5. COUNTRY
ANALYSIS
7.4.5.1. BRAZIL
7.4.5.2. MEXICO
7.4.5.3. ARGENTINA
7.4.5.4. REST
OF LATIN AMERICA
7.5. MIDDLE
EAST AND AFRICA
7.5.1. MARKET
BY POWER OUTPUT
7.5.2. MARKET
BY TYPE
7.5.3. MARKET
BY SPEED
7.5.4. MARKET
BY APPLICATION
7.5.5. COUNTRY
ANALYSIS
7.5.5.1. UNITED
ARAB EMIRATES
7.5.5.2. SAUDI
ARABIA
7.5.5.3. EGYPT
7.5.5.4. SOUTH
AFRICA
7.5.5.5. REST
OF MIDDLE EAST & AFRICA
8. COMPETITIVE
LANDSCAPE
8.1. ABB
8.2. ALLIED
MOTION TECHNOLOGIES INC
8.3. AMETEKÂ
8.4. ARC
SYSTEMS INC
8.5. JOHNSON
ELECTRIC HOLDINGS LTD
8.6. MAXON
MOTORS AG
8.7. MINEBEAMITSUMI
INC
8.8. NIDEC
CORPORATIONÂ
8.9. ORIENTAL
MOTOR CO LTD
8.10. REGAL
BELOIT CORPORATIONÂ
8.11. ROBERT
BOSCH GMBH
8.12. ROCKWELL
AUTOMATION
8.13. SIEMENS
AG
8.14. TECO
ELECTRIC & MACHINERY CO LTD
8.15. YASKAWA
ELECTRIC CORPORATION
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: GLOBAL
ELECTRIC DC MOTOR MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: REGULATORY
FRAMEWORK
TABLE 4: GLOBAL
ELECTRIC DC MOTOR MARKET, BY POWER OUTPUT, 2022-2028 (IN $ MILLION)
TABLE 5: GLOBAL
ELECTRIC DC MOTOR MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 6: GLOBAL
ELECTRIC DC MOTOR MARKET, BY SPEED, 2022-2028 (IN $ MILLION)
TABLE 7: GLOBAL
ELECTRIC DC MOTOR MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 8: GLOBAL
ELECTRIC DC MOTOR MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA
ELECTRIC DC MOTOR MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA
ELECTRIC DC MOTOR MARKET, BY POWER OUTPUT, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
ELECTRIC DC MOTOR MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA
ELECTRIC DC MOTOR MARKET, BY SPEED, 2022-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
ELECTRIC DC MOTOR MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 14: EUROPE
ELECTRIC DC MOTOR MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 15: EUROPE
ELECTRIC DC MOTOR MARKET, BY POWER OUTPUT, 2022-2028 (IN $ MILLION)
TABLE 16: EUROPE
ELECTRIC DC MOTOR MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 17: EUROPE
ELECTRIC DC MOTOR MARKET, BY SPEED, 2022-2028 (IN $ MILLION)
TABLE 18: EUROPE
ELECTRIC DC MOTOR MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 19: ASIA-PACIFIC
ELECTRIC DC MOTOR MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 20: ASIA-PACIFIC
ELECTRIC DC MOTOR MARKET, BY POWER OUTPUT, 2022-2028 (IN $ MILLION)
TABLE 21: ASIA-PACIFIC
ELECTRIC DC MOTOR MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC
ELECTRIC DC MOTOR MARKET, BY SPEED, 2022-2028 (IN $ MILLION)
TABLE 23: ASIA-PACIFIC
ELECTRIC DC MOTOR MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 24: LATIN AMERICA
ELECTRIC DC MOTOR MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 25: LATIN AMERICA
ELECTRIC DC MOTOR MARKET, BY POWER OUTPUT, 2022-2028 (IN $ MILLION)
TABLE 26: LATIN AMERICA
ELECTRIC DC MOTOR MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 27: LATIN AMERICA
ELECTRIC DC MOTOR MARKET, BY SPEED, 2022-2028 (IN $ MILLION)
TABLE 28: LATIN AMERICA
ELECTRIC DC MOTOR MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 29: MIDDLE EAST
AND AFRICA ELECTRIC DC MOTOR MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE 30: MIDDLE EAST
AND AFRICA ELECTRIC DC MOTOR MARKET, BY POWER OUTPUT, 2022-2028 (IN $ MILLION)
TABLE 31: MIDDLE EAST
AND AFRICA ELECTRIC DC MOTOR MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 32: MIDDLE EAST
AND AFRICA ELECTRIC DC MOTOR MARKET, BY SPEED, 2022-2028 (IN $ MILLION)
TABLE 33: MIDDLE EAST
AND AFRICA ELECTRIC DC MOTOR MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: GLOBAL
ELECTRIC DC MOTOR MARKET, BY POWER OUTPUT, 2021 & 2028 (IN %)
FIGURE 3: GLOBAL
ELECTRIC DC MOTOR MARKET, BY 0-750 WATTS, 2022-2028 (IN $ MILLION)
FIGURE 4: GLOBAL
ELECTRIC DC MOTOR MARKET, BY 750 WATTS-3 KW, 2022-2028 (IN $ MILLION)
FIGURE 5: GLOBAL ELECTRIC
DC MOTOR MARKET, BY 3 KW-75 KW, 2022-2028 (IN $ MILLION)
FIGURE 6: GLOBAL
ELECTRIC DC MOTOR MARKET, BY ABOVE 75 KW, 2022-2028 (IN $ MILLION)
FIGURE 7: GLOBAL
ELECTRIC DC MOTOR MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 8: GLOBAL
ELECTRIC DC MOTOR MARKET, BY BRUSHED, 2022-2028 (IN $ MILLION)
FIGURE 9: GLOBAL
ELECTRIC DC MOTOR MARKET, BY BRUSHLESS, 2022-2028 (IN $ MILLION)
FIGURE 10: GLOBAL
ELECTRIC DC MOTOR MARKET, BY SPEED, 2021 & 2028 (IN %)
FIGURE 11: GLOBAL
ELECTRIC DC MOTOR MARKET, BY LESS THAN 500 RPM, 2022-2028 (IN $ MILLION)
FIGURE 12: GLOBAL
ELECTRIC DC MOTOR MARKET, BY 501-2000 RPM, 2022-2028 (IN $ MILLION)
FIGURE 13: GLOBAL
ELECTRIC DC MOTOR MARKET, BY 2001-10,000 RPM, 2022-2028 (IN $ MILLION)
FIGURE 14: GLOBAL
ELECTRIC DC MOTOR MARKET, BY MORE THAN 10,000 RPM, 2022-2028 (IN $ MILLION)
FIGURE 15: GLOBAL
ELECTRIC DC MOTOR MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 16: GLOBAL
ELECTRIC DC MOTOR MARKET, BY INDUSTRIAL MACHINERY, 2022-2028 (IN $ MILLION)
FIGURE 17: GLOBAL
ELECTRIC DC MOTOR MARKET, BY HVAC EQUIPMENT, 2022-2028 (IN $ MILLION)
FIGURE 18: GLOBAL
ELECTRIC DC MOTOR MARKET, BY AUTOMOTIVE AND TRANSPORTATION, 2022-2028 (IN $
MILLION)
FIGURE 19: GLOBAL
ELECTRIC DC MOTOR MARKET, BY AEROSPACE AND DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 20: GLOBAL
ELECTRIC DC MOTOR MARKET, BY HOUSEHOLD APPLIANCES, 2022-2028 (IN $ MILLION)
FIGURE 21: GLOBAL
ELECTRIC DC MOTOR MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 22: GLOBAL
ELECTRIC DC MOTOR MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 23: UNITED
STATES ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: CANADA
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: UNITED
KINGDOM ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: GERMANY
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: FRANCE
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: SPAIN
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: ITALY
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: BELGIUM
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: NORDIC
COUNTRIES ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: REST OF
EUROPE ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: CHINA
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: JAPAN
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: INDIA
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 36: SOUTH KOREA
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 37: ASEAN
COUNTRIES ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 38: AUSTRALIA
& NEW ZEALAND ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 39: REST OF
ASIA-PACIFIC ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 40: BRAZIL
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 41: MEXICO
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 42: ARGENTINA
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 43: REST OF
LATIN AMERICA ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 44: UNITED ARAB
EMIRATES ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 45: SAUDI ARABIA
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 46: EGYPT
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 47: SOUTH AFRICA
ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)
FIGURE 48: REST OF
MIDDLE EAST & AFRICA ELECTRIC DC MOTOR MARKET 2022-2028 (IN $ MILLION)