The
global electric DC motors market size is expected to
reach USD 34.25 billion by 2025, at a CAGR of 6.1% according to a new report by
Grand View Research, Inc. These motors are extensively used in compressors,
machine tools, electric cars, and domestic appliances, among others. Major
advantages, such as lesser rotor heat and higher peak efficiency as compared to
other motors, make them suitable for applications in a variety of fields. These
high-efficiency motors are expected to gain importance due to their long operating
life, low maintenance, and low energy consumption.
The
increasing global demand for DC motor-driven equipment is further boosting the
market growth. Factors including large-scale adoption in forklift chemical
injection pumps and HVAC applications are estimated to catapult the prospects
for market growth by 2025. Electric DC type have undergone several advancements
over the past few years, owing to which the current motor demand is expected to
gain traction in future.
The
market is projected to witness a significant growth over the forecast period,
which is stemmed from the increasing automobile production as well as the
number of motors per car. The market is driven by the rising manufacturing and
purchasing activities in the electric vehicle industry globally. Improving
standards of living and rising income levels are anticipated to further spur
the global production of motor vehicles and electronic appliances. The growing
popularity of vehicle features such as motorized seats, adjustable mirrors, and
sunroof systems is driving demand for electric DC motors, especially brushless
types.
The
ever-increasing fuel prices and growing need among consumers for using cleaner
energy have driven demand for electric motors in the recent years. The use of
DC type as the primary component of electric motors is likely to drive market
growth in future. Furthermore, the rising environmental concern is a key factor
expected to spur growth.
The
ability of DC type to save energy, along with enhancing the reliability and operational
efficiency of equipment, is expected to result in their augmented adoption over
the forecast period. Furthermore, the growing awareness of green vehicles among
customers coupled with several government initiatives to promote green vehicles
for safeguarding the environment from carbon emissions are contributing to the
market growth. They are expected to further drive demand for DC type over the
forecast period.
HVAC
systems are generally implemented in large offices, corporate spaces, and
shopping malls. DC motors are used in HVAC equipment for the movement of air
from one place to another. The rising rate of urbanization and improved
standard of living are likely to lead to the large-scale implementation of HVAC
systems, thereby driving the demand globally.
Browse full research report on Electric
DC Motors Market: https://www.grandviewresearch.com/industry-analysis/electric-dc-motor-market
Further key
findings from the report suggest:
- The electric DC
motors market was USD 20,196.6 million in 2016 and is expected to grow at
a CAGR of 6.1% over the forecast period, which is primarily attributed to
their increasing application in industrial machinery and electric
vehicles.
- The brushless segment
accounted for a major share in 2016 owing to factors such as thermal
resistance, low maintenance, and low operating temperatures.
- The increasing
utilization of 0-750W segment in applications such as plastic extruders,
packaging machinery, and conveyors are expected to lead to the rising
demand for the segment by 2025.
- DC types are widely
adopted in the industrial machinery segment, which is ascribed to features
such as robust functioning and safer operations that they offer across
numerous applications.
- The Asia Pacific
region is anticipated to witness growth at a CAGR exceeding 5% over the
forecast period, owing to increasing industrialization in the developing
economies of China, India, and Indonesia.
- Key players such as
Ametek Inc., Franklin Electric Co., Asmo Co. Ltd., and ABB Ltd. dominated
the market in 2016 with their emphasis on expanding market presence
through mergers and acquisitions.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/electric-dc-motor-market/request/rs1
Grand
View Research has segmented the global electric DC motors market based on type,
voltage, end use, and regions:
Electric DC
Motors Type Outlook (Revenue, USD Million, 2014 - 2025)
- Brushed DC Motors
- Brushless DC Motors
Electric DC
Motors Voltage Outlook (Revenue, USD Million; 2014 - 2025)
- 0 - 750 Watts
- 750 Watts - 3 kW
- 3 kW - 75 kW
- Above 75 kW
Electric DC
Motors End-Use Outlook (Revenue, USD Million; 2014 - 2025)
- Industrial Machinery
- Motor Vehicles
- HVAC Equipment
- Aerospace &
Transportation
- Household Appliances
- Others
Electric DC
Motors Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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