Electric DC Motors Market Growth, Size, Share & Analysis 2028

Electric DC Motors Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Brushed DC Motors and Brushless DC Motors), Speed (Low, Medium, and High), and Application (Industrial Machinery, Automotive and Transportation, HVAC Equipment, Aerospace & Defense, Household Appliances, and Others)

  • Report Code : TIPRE00014525
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 171
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The electric DC motors market is expected to grow from US$ 12,968.5 million in 2021 to US$ 23,639.4 million by 2028; it is estimated to grow at a CAGR of 9.0% during 2021 to 2028.

Heating, ventilation, and air conditioning (HVAC) systems maintain interior air quality and provide thermal comfort. According to the US Department of Energy, the demand for HVAC equipment was 10% higher in 2020 than it was in 2019. HVAC systems are a vital feature of modern infrastructure, especially in large office buildings and commercial malls. Electric DC motors are often used in HVAC systems to extend their life, power, and airflow efficiency. Expansions of commercial spaces; construction of new office buildings, corporate hubs, residential complexes, organized retail stores; and rising income levels in Southeast Asian and Middle Eastern countries have made HVAC equipment highly accessible to consumers. As respective HVAC equipment involve use of DC motors, it will help in promoting the market growth. Growth in the property market in the US and Western Europe has boosted the demand for HVAC equipment, such as vacuum contactors.

Electronic control, high power-to-weight ratio, and high speed are a few features of brushless DC motors. Hand-held power tools, computer peripherals, printers, disk drives, and automobiles use brushless DC motors. They undergo minimal wear and tear and have lower maintenance costs than conventional motors.

The electric DC motors market is segmented on the basis of type, speed, application, and geography. Based on type, the market is bifurcated into brushed DC motors and brushless DC motors. Based on speed, the market is segmented into low (less than 1,000 rpm), medium (1,001–25,000 rpm), and high (above 25,000). By application, the electric DC motors market is segmented into industrial machinery, automotive and transportation, HVAC equipment, aerospace & defense, household appliances, and others. Based on geography, the electric DC motors market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.

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Electric DC Motors Market: Strategic Insights

electric-dc-motors-market
Market Size Value inUS$ 12,968.5 Million in 2021
Market Size Value byUS$ 23,639.4 Million by 2028
Growth rateCAGR of 9.0% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Impact of COVID-19 Pandemic on Electric DC motors market

With the decrease in the number of COVID-19 patients in APAC, governments have eased containment norms and allowed manufacturing facilities to operate in 2021. The limitations imposed by governments to control the COVID-19 outbreak affected the production process due to the restriction of a limited workforce. Consumer electronics and automotive are among the significant sectors that contribute to the growth of the electric DC motors market in the region. Owing to job loss or salary cuts, the buying capacity of the customer has decreased substantially. The reduced buying power negatively impacted the sales of many electronic appliances, such as television sets, washing machines, and air conditioners. As per Automobile Industry Associations, the Indian automotive industry suffered a daily loss of millions of dollars in 2020. However, as the economies reopened and businesses resumed their operations, the demand for electric DC motors from various end-users has started to grow. Also, with ease in earlier restrictions, companies can now work with high workforce capacity.

Lucrative Regions for Electric DC Motor Providers

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Electric DC Motors Market Insights

Rising Adoption of Brushless DC MotorDrives Market Growth

Brushless DC motors are gaining popularity due to their advantages, such as energy efficiency, high rpm, low noise, strong torque, and increased operating efficiency. Progressing industrial automation and the growing use of small electronic gadgets propel the demand for brushless DC motors. Hand dryers, surgical instruments, fans, pumps, compressors, and domestic appliances use brushless DC motors. The adoption of these motors is growing in various industries, such as agriculture, medical, healthcare, and automotive, due to the increasing urban population and rising awareness regarding environmentally friendly products. The UK government spent US$ 252.9 billion on healthcare in 2018. Due to such increased government investments in the healthcare sector in countries including the UK, the US, and India, the electric DC motors market is growing rapidly.

Type-Based Market Insights

Based on type, the electric DC motors market is bifurcated into brushed DC motors and brushless DC motors. In 2020, the brushless DC motors segment held a larger market share.

Electric DC motors market, by Type, during 2020–2028 (%)

electronics-and-semiconductor
Electric DC motors market, by Type, during 2020–2028 (%)
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Application-Based Market Insights

Based on application, the electric DC motors market is segmented into industrial machinery, automotive and transportation, HVAC equipment, aerospace & defense, household appliances, and others. In 2020, the household appliances segment held the largest share in the market.

The players operating in the electric DC motors market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In August 2021, Siemens Large Drives Applications (LDA) received an order from a Chinese client to produce a special machine with dual shaft extension. It can be utilized in motor operation with a power of 105 MW and as a generator with up to 129 MVA in power generation mode. The 2-pole electric motor will have an efficiency higher than 98%.
  • In December 2021, Nidec Corporation announced the construction of its new factory in Serbia. The company plans to open factories in Serbia to supply products across Europe and do multiple businesses from there in the future.

ABB Ltd; AMETEK Inc.; Yaskawa Electric Corporation; Johnson Electric Holdings Limited; Nidec Corporation; Siemens AG; Allied Motion Technologies Inc.; MinebeaMitsumi, Inc.; Maxon Motors AG; and Regal Rexnord Corporation are among the key players profiled during this market study. Several significant electric DC motor makers are analyzed during the course of this market research study to get a holistic view of the global electric DC motors market and its ecosystem.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are reasons behind electric DC motors market growth?

The demand for DC electric motors is increasing in the agriculture sector owing to stringent environmental regulations with respect to diesel engines that tend to cause emissions. The agriculture sector is growing substantially in India. As per India Brand Equity Foundation (IBEF), Indian Agriculture exports are estimated to reach US$ 60 billion by 2022. Thus, the growing agriculture market enhances the demand for respective electric DC motor. The electric DC motors market is quite mature in developed nations and is growing substantially in many developing countries of the world. Nowadays, there is a substantial rise in industrialization and urbanization across the globe. With the rapid advancement in the internet of things (IoT) technology, count of robots is going to increase notably in the coming years. The electric DC motor is widely utilized in the domain of servo automation and robotics. When it comes to cooling and heating costs, reliability and motor type are the important aspects that are looked for an efficient HVAC system. HVAC units with Brushless DC (BLDC) motors have SEER ratings of 13 and above, which makes them more efficient.

What are market opportunities for electric DC motors market?

The demand for electric vehicles is fueled by advancements in battery technology that lower battery costs and boost charging speed. Moreover, government assistance such as tax exemptions and incentives to promote environmentally friendly transportation is likely to promote the demand for brushless DC motors. According to the International Energy Agency (IEA), global electric car sales accounted for 7.2 million in 2019, surpassing 2018’s record of 5.1 million. Similarly, according to the agency, in 2019, electric cars accounted for 2.6% of global car sales and around 1% of global car stock, representing a 40% raise every year. Electric vehicles are becoming popular owing to technological advancements in electric two/three-wheelers, buses, and trucks. Owing to the rising demand for electric vehicles, car manufacturers are focusing on producing and stocking electric automobiles.

Which type is expected to dominate the market in the forecast period?

Brushless DC motor, also known as electronically commutated motor or synchronous DC motor, utilizes electronic closed loop controller to switch DC currents to the motor windings generating magnetic fields. The brushless DC is a synchronous motor is similar to a permanent magnet synchronous motor, however it can also be a switched reluctance motor, or an induction motor. Advantages such as high power-to-weight ratio, high efficiency, nearly instantaneous control of speed (rpm) and torque, high speed, and low maintenance over the conventional brushed DC motors has led to the higher adoption rate of brushless DC motors. Further, owing to the above mentioned advantages the adoption of brushless DC motors is getting increases in computer peripherals (disk drives, printers), consumer electronics, hand-held power tools, vehicles ranging from model aircraft to automobiles, healthcare devices, and among others.

Which region has dominated the electric DC motors market?

In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. Asia Pacific is a prospective market for electric DC motors market players.

Which are the major companies in the electric DC motors market?

The major companies in electric DC motors includes Johnson Electric Holdings Limited, Nidec Corporation, Siemens AG, AMETEK Inc., and ABB Ltd. The key players are listed by considering factors such as overall revenue, current electric DC motor product portfolio for different applications, geographical reach, market initiatives, high investments in technology upgrades, partnerships, and other market-related activities

Which are the major application for Electric DC motors?

The major application of electric DC motors includes lighting, sensor, climate control, irrigation component, building material, and others.

The List of Companies - Electric DC Motor Market

  1. ABB
  2. Allied Motion Inc.
  3. Ametek Inc
  4. Yaskawa Electric Corp
  5. Minebeamitsumi Inc.
  6. Johnson Electric Holdings Limited
  7. Maxon Motor AG
  8. NIDEC Corporation
  9. Regal Rexnord Corporation
  10. Siemens AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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