The global Electric DC Motor market was valued at US$ 21010 million in 2024 and is projected to reach US$ 33390 million by 2030, at a CAGR of 6.4% during the forecast period
The Electric DC Motor Market refers to the sector that involves the manufacturing, distribution, and sale of direct current (DC) electric motors. These motors convert electrical energy into mechanical energy and are widely used across various industries due to their efficiency, ease of control, and versatility.
Types:
- Brushed DC Motors: These use brushes for commutation and are simple to control but can require more maintenance due to brush wear.
- Brushless DC Motors (BLDC): These offer higher efficiency and require less maintenance since they don’t use brushes.
Growing Demand for Electric DC Motors
Aerospace Advancements
The ongoing advancements in aerospace technology, particularly in defense modernization programs, are driving the demand for electric DC motors. As the industry shifts toward electric and hybrid-electric systems to enhance fuel efficiency and reduce emissions, electric DC motors have become essential components in aircraft. Additionally, the defense sector utilizes these motors in advanced military equipment, including drones, robots, and electronic warfare systems. This move towards sustainability and green practices is expected to significantly boost the growth of electric DC motors in the coming years.
Healthcare Applications
Electric DC motors are also gaining traction in the healthcare sector, particularly in medical devices and robotics. Their precision, reliability, and versatility in speed and torque make them ideal for applications like robotic surgical devices, drug dispensing systems, and diagnostic instruments. As medical technology continues to advance and the adoption of minimally invasive procedures increases, the demand for high-precision electric motors is anticipated to grow. For example, Brushless DC motors (BLDC) are being employed in motion system technology for their responsiveness and improved control in robotic applications, which are crucial for successful surgeries and better patient outcomes.
This research report provides a comprehensive analysis of the Electric DC Motor market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Electric DC Motor market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Electric DC Motor, challenges faced by the industry, and potential opportunities for market players.
The global Electric DC Motor market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Electric DC Motor market presents opportunities for various stakeholders, including Industrial Machinery, Motor Vehicles. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Electric DC Motor market. Additionally, the growing consumer demand present avenues for market expansion.
According to the National Bureau of Statistics, China generated 8.8 trillion kWh of power in 2022, marking a 3.7% increase from the previous year. The primary sources of this power were thermal, hydropower, and wind energy. Per capita electricity consumption for residents was 947 kWh. China’s total installed power generation capacity reached approximately 2.56 billion kilowatts, up by 7.8% year-on-year.
Power generation equipment in plants with capacities of 6,000 kilowatts and above operated for an average of 3,687 hours, a decrease of 125 hours compared to the same period the previous year. Major power generation enterprises invested 720.8 billion yuan in power supply engineering construction, reflecting a 22.8% year-on-year increase. Additionally, investments in power grid engineering construction reached 501.2 billion yuan, up 2.0% from the previous year.
Globally, as reported by the International Energy Agency, the economy gradually recovered in 2022. Despite rising energy prices, global electricity demand increased by 1.9%, reaching 26,776 billion kWh. Generating capacity also grew by 1.8%, totaling 28,642 billion kWh. In the United States, electricity generation was 42.4 billion kWh, while Japan’s total electricity consumption reached 989.2 billion kWh, equating to 7,782 kWh per capita.
Key Features:
The research report on the Electric DC Motor market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
- Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Electric DC Motor market.
- Market Overview: The report provides a comprehensive overview of the Electric DC Motor market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Brushed, Brushless), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
- Market Dynamics: The report analyses the market dynamics driving the growth and development of the Electric DC Motor market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Electric DC Motor market’s trajectory.
- Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Electric DC Motor market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
- Market Segmentation and Forecast: The report segment the Electric DC Motor market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
- Technological Trends: The report should highlight the key technological trends shaping the Electric DC Motor market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
- Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Electric DC Motor market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
- Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Electric DC Motor, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
- Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Electric DC Motor market.
- Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Electric DC Motor market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
| Title | Electric DC Motor Market Emerging Trends, Technological Advancements, and Business Strategies 2024-2030 |
|---|---|
| Market size in 2024 | US$ 21010 million |
| Forecast Market size by 2030 | US$ 33390 million |
| Growth Rate | CAGR of 6.4% |
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| By Voltage: |
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| By Speed : |
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| By Power Output: |
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| By Application : |
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Key players include:
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| Historical Year | 2019 to 2023 (Data from 2010 can be provided as per availability) |
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| Base Year | 2024 |
| Forecast Year | 2030 |
| Number of Pages | 100+ Pages |
| Customization Available | Yes, the report can be customized as per your need. |
Global Electric DC Motor Market Segment Percentages, By Region and Country, 2023 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Major players covered
- Ametek
- Franklin Electric
- Asmo
- Lenze
- WEG
- Johnson Electric Holdings
- Baldor Electric
- Siemens
Key Drivers:
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Increasing demand for energy-efficient motors: The demand for energy-efficient motors is growing due to rising energy costs and concerns about climate change.
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Growth in end-use industries: The Electric DC Motor market is benefiting from growth in industries such as automotive, HVAC, and mining.
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Government support for energy-efficient motors: Governments around the world are providing incentives and regulations to encourage the adoption of energy-efficient motors.
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Adoption of mechanization and automation: The increasing use of mechanization and automation in various industries is driving demand for Electric DC Motors.
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Technological advancements: Technological advancements are enabling the development of more efficient and effective Electric DC Motors.
Restrains:
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High initial costs: Electric DC Motors can be expensive to purchase and install, which may deter some consumers from choosing them.
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Competition from alternative technologies: Other types of motors, such as AC motors, may be more cost-effective or efficient for some applications.
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Limited availability of skilled technicians: The installation and maintenance of Electric DC Motors may require specialized skills, which may limit adoption in some markets.
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Regulatory challenges: Regulations related to safety and energy efficiency can increase costs and delay the approval and deployment of Electric DC Motors.
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Dependence on rare earth materials: Some Electric DC Motors rely on rare earth materials, which can be subject to supply disruptions and price fluctuations.
Recent Developments
January 2024
Johnson Electric announced a partnership with SUPPLIERASSURANCE to enhance the sustainability of its supply chains. This collaboration allows suppliers to monitor and improve their sustainability practices in production environments, aligning with Johnson Electric’s commitment to significantly reducing carbon emissions.
September 2023
Rockwell Automation and Infinitum entered into an agreement to deliver energy-efficient, low-voltage drives and motors to energy-intensive industries. This partnership aims to integrate Infinitum’s innovative motor technology with Rockwell Automation’s advanced control systems, enhancing energy efficiency and sustainability across industrial operations. The companies anticipate that this initiative will enable consumers to reduce energy usage and promote the adoption of renewable energy practices throughout the sector.
