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 has undergone several advancements
over the past few years, owing to which the current motor demand is expected to
gain traction in the future.
The
market is projected to witness 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 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 recent years. The use of DC
type as the primary component of electric motors is likely to drive market
growth in the 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.
Full Research Report On Electric DC Motors Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/electric-dc-motor-market
Electric DC Motors
Market Report Highlights
- 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.
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https://www.grandviewresearch.com/industry-analysis/electric-dc-motor-market/request/rs1
Electric DC Motors
Market Report Highlights
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
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- The 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.
For more info visit @ https://www.grandviewresearch.com
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