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Global Electric DC Motors Market to Grow at a CAGR of 6.76% During 2021-2026, Aided by the Emergence of Electric Vehicles

According to a new report by EMR titled, ‘Global Electric DC Motors Market Report and Forecast 2021-2026’, the market attained a value of about USD 25.4 billion in 2020. The industry is further expected to grow at a CAGR of 6.76% in the forecast period of 2021-2026 to reach a value of nearly USD 37.6 billion by 2026.

The global market for electric DC motors has been augmented by the use of electric motors in end-use sectors due to the rising adoption of technically advanced tools in various end-use sectors. Electric DC motors are easy to install, have low maintenance costs, and are an environment friendly means of power generation. All these favourable properties of electric DC motors are contributing to the market growth. The rising global concern regarding environmental degradation has led to the emergence of electric vehicles, which is a factor contributing to the market growth of electric DC motors. Battery-operated electric vehicles require energy-efficient motors to ensure energy consumption, and hence brushless DC motors are widely deployed in electronic vehicles. In addition, brushless DC motors have low noise levels in comparison to conventional brushed motors, which furthers the market growth of overall electric DC motors. Moreover, with increasing government measures to spread awareness regarding the importance of sustainable living and investments in the automotive sector to promote the use of electric vehicles, the market growth of electric DC motors is further invigorating market growth.

Oriental Motor, a leading market player in the global market for electric DC motors, recently announced the expanded lineup of its IP67 brushless motors, parallel shaft BMU and BLE2 series in April 2021. The IP67 brushless motors offered by Oriental Motor are now available from 200W-400W in motor output power. These brushless motors are designed for various industries, including food and beverage, agriculture, and material handling, that require a higher IP rating with a stainless-steel shaft. The stainless-steel shaft and screws, along with one removable wire connection, adds additional flexibility and enhanced protection to the motors. With applicability in various end-use industries, the market growth of overall electric DC motors is being augmented. The market is further expected to be augmented by the expansion strategies of market players like Johnson Electric Holdings Ltd. (HKG: 0179).

Market Analysis by Type, Voltage, End Use, and Region:

  • Based on type, the market is divided into brushed DC motors and brushless DC motors.
  •  The market, on the basis of voltage, is segmented into 0-750 Watts, 750 Watts – 3KW, 3KW – 75KW, and above 75KW.
  • Based on end use, the market can be categorised into industrial machinery, motor vehicles, HVAC equipment, aerospace and transportation, and household appliances, among others.
  • The major regional markets for electric DC motors are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the deployment of electric DC motors to achieve mechanisation in industrial operations.
  • The low-maintenance and easy to install factors associated with electric DC motors are contributing to the growth of the market.
  • Electric DC motors are widely used in heating, ventilation, and air conditioning (HVAC) systems to achieve high efficiency in ventilation and to maximise the life and power of HVAC systems, which is invigorating the industry growth.
  • The market growth is being propelled by the emergence of electric vehicles where electric DC motor is deployed to ensure efficient energy consumption.

Key Offerings of the Report:

  • The EMR report gives an overview of the global electric DC motors industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for types, voltages, end uses, and regions of electric DC motors.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global electric DC motors market are AMETEK, Inc., Allied Motion Technologies, Inc., ABB Motors and Mechanical Inc., Siemens Ltd., and Johnson Electric Holdings Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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