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
Market Size Value in US$ 12,968.5 Million in 2021 Market Size Value by US$ 23,639.4 Million by 2028 Growth rate CAGR of 9.0% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Electric DC Motors Market: Strategic Insights
| Market Size Value in | US$ 12,968.5 Million in 2021 |
| Market Size Value by | US$ 23,639.4 Million by 2028 |
| Growth rate | CAGR of 9.0% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Electric DC motors market
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 (%)
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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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
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.
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.
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.
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.
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
The major application of electric DC motors includes lighting, sensor, climate control, irrigation component, building material, and others.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Electric DC Motors Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electric DC Motors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 MEA – PEST Analysis
4.2.5 South America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Brushless DC Motor in Automotive Application
4.5.2 Brushed DC Motor in Automotive Application
4.5.3 Prominent Players Operating in Brushed and Brushless DC Motor in Automotive Application
5. Electric DC Motors Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for HVAC Systems
5.1.2 Rising Adoption of Brushless DC Motor
5.2 Market Restraints
5.2.1 Low-Quality and Inexpensive Electric DC Motors
5.3 Market Opportunities
5.3.1 Adoption of Brushless DC Motors in Manufacturing of Electric Vehicle
5.4 Future Trends
5.4.1 Growing Penetration of Industrial Automation
5.5 Impact Analysis of Drivers and Restraints
6. Electric DC Motors– Global Market Analysis
6.1 Overview
6.2 Global Electric DC Motors Market Forecast and Analysis
6.3 Market Positioning Of Key Players
7. Electric DC Motors Market Analysis – by Type
7.1 Overview
7.2 Electric DC Motors Market, By Type (2020 and 2028)
7.3 Brushed DC Motor
7.3.1 Overview
7.3.2 Brushed DC Motor: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Brushless DC Motor
7.4.1 Overview
7.4.2 Brushless DC Motor: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
8. Electric DC Motors Market Analysis – by Speed
8.1 Overview
8.2 Electric DC Motors Market, by Speed (2020 and 2028)
8.3 Low Speed (Less Than 1,000 rpm)
8.3.1 Overview
8.3.2 Low Speed : Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Medium Speed (1,001 to 25,000 rpm)
8.4.1 Overview
8.4.2 Medium Speed: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
8.5 High Speed (Above 25,000)
8.5.1 Overview
8.5.2 High Speed: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
9. Electric DC Motors Market Analysis – by Application
9.1 Overview
9.2 Electric DC Motors Market, by Application (2020 and 2028)
9.3 Industrial Machinery
9.3.1 Overview
9.3.2 Industrial Machinery: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive and Transportation
9.4.1 Overview
9.4.2 Automotive and Transportation: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.5 HVAC Equipment
9.5.1 Overview
9.5.2 HVAC Equipment: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Aerospace and Defense
9.6.1 Overview
9.6.2 Aerospace and Defense: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Household Appliances
9.7.1 Overview
9.7.2 Household Appliances: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10. Electric DC Motors Market – Geographic Analysis
10.1 Overview
10.2 North America: Electric DC Motors Market
10.2.1 North America: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Electric DC Motors Market, By Type
10.2.3 North America: Electric DC Motors Market, by Speed
10.2.4 North America: Electric DC Motors Market, by Application
10.2.5 North America: Electric DC Motors Market, by Key Country
10.2.6 US: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.1 US: Electric DC Motors Market, By Type
10.2.6.2 US: Electric DC Motors Market, by Speed
10.2.6.3 US: Electric DC Motors Market, by Application
10.2.7 Canada: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.2.7.1 Canada: Electric DC Motors Market, By Type
10.2.7.2 Canada: Electric DC Motors Market, by Speed
10.2.7.3 Canada: Electric DC Motors Market, by Application
10.2.8 Mexico: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.2.8.1 Mexico: Electric DC Motors Market, By Type
10.2.8.2 Mexico: Electric DC Motors Market, by Speed
10.2.8.3 Mexico: Electric DC Motors Market, by Application
10.3 Europe: Electric DC Motors Market
10.3.1 Europe: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Electric DC Motors Market, By Type
10.3.3 Europe: Electric DC Motors Market, by Speed
10.3.4 Europe: Electric DC Motors Market, by Application
10.3.5 Europe: Electric DC Motors Market, by Key Country
10.3.6 France: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.1 France: Electric DC Motors Market, By Type
10.3.6.2 France: Electric DC Motors Market, by Speed
10.3.6.3 France: Electric DC Motors Market, by Application
10.3.7 Germany: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.3.7.1 Germany: Electric DC Motors Market, By Type
10.3.7.2 Germany: Electric DC Motors Market, by Speed
10.3.7.3 Germany: Electric DC Motors Market, by Application
10.3.8 Italy: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.3.8.1 Italy: Electric DC Motors Market, By Type
10.3.8.2 Italy: Electric DC Motors Market, by Speed
10.3.8.3 Italy: Electric DC Motors Market, by Application
10.3.9 UK: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.3.9.1 UK: Electric DC Motors Market, By Type
10.3.9.2 UK: Electric DC Motors Market, by Speed
10.3.9.3 UK: Electric DC Motors Market, by Application
10.3.10 Russia: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.3.10.1 Russia: Electric DC Motors Market, By Type
10.3.10.2 Russia: Electric DC Motors Market, by Speed
10.3.10.3 Russia: Electric DC Motors Market, by Application
10.3.11 Rest of Europe: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.3.11.1 Rest of Europe: Electric DC Motors Market, By Type
10.3.11.2 Rest of Europe: Electric DC Motors Market, by Speed
10.3.11.3 Rest of Europe: Electric DC Motors Market, by Application
10.4 Asia Pacific: Electric DC Motors Market
10.4.1 Asia Pacific: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Electric DC Motors Market, By Type
10.4.3 Asia Pacific: Electric DC Motors Market, by Speed
10.4.4 Asia Pacific: Electric DC Motors Market, by Application
10.4.5 Asia Pacific: Electric DC Motors Market, by Key Country
10.4.6 Australia: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.1 Australia: Electric DC Motors Market, By Type
10.4.6.2 Australia: Electric DC Motors Market, by Speed
10.4.6.3 Australia: Electric DC Motors Market, by Application
10.4.7 China: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.4.7.1 China: Electric DC Motors Market, By Type
10.4.7.2 China: Electric DC Motors Market, by Speed
10.4.7.3 China: Electric DC Motors Market, by Application
10.4.8 India: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.4.8.1 India: Electric DC Motors Market, By Type
10.4.8.2 India: Electric DC Motors Market, by Speed
10.4.8.3 India: Electric DC Motors Market, by Application
10.4.9 Japan: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.4.9.1 Japan: Electric DC Motors Market, By Type
10.4.9.2 Japan: Electric DC Motors Market, by Speed
10.4.9.3 Japan: Electric DC Motors Market, by Application
10.4.10 South Korea: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.4.10.1 South Korea: Electric DC Motors Market, By Type
10.4.10.2 South Korea: Electric DC Motors Market, by Speed
10.4.10.3 South Korea: Electric DC Motors Market, by Application
10.4.11 Rest of APAC: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.4.11.1 Rest of APAC: Electric DC Motors Market, By Type
10.4.11.2 Rest of APAC: Electric DC Motors Market, by Speed
10.4.11.3 Rest of APAC: Electric DC Motors Market, by Application
10.5 MEA: Electric DC Motors Market
10.5.1 MEA: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Electric DC Motors Market, By Type
10.5.3 MEA: Electric DC Motors Market, by Speed
10.5.4 MEA: Electric DC Motors Market, by Application
10.5.5 MEA: Electric DC Motors Market, by Key Country
10.5.6 South Africa: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.5.6.1 South Africa: Electric DC Motors Market, By Type
10.5.6.2 South Africa: Electric DC Motors Market, by Speed
10.5.6.3 South Africa: Electric DC Motors Market, by Application
10.5.7 Saudi Arabia: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.5.7.1 Saudi Arabia: Electric DC Motors Market, By Type
10.5.7.2 Saudi Arabia: Electric DC Motors Market, by Speed
10.5.7.3 Saudi Arabia: Electric DC Motors Market, by Application
10.5.8 UAE: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.5.8.1 UAE: Electric DC Motors Market, By Type
10.5.8.2 UAE: Electric DC Motors Market, by Speed
10.5.8.3 UAE: Electric DC Motors Market, by Application
10.5.9 Rest of MEA: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.5.9.1 Rest of MEA: Electric DC Motors Market, By Type
10.5.9.2 Rest of MEA: Electric DC Motors Market, by Speed
10.5.9.3 Rest of MEA: Electric DC Motors Market, by Application
10.6 SAM: Electric DC Motors Market
10.6.1 SAM: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Electric DC Motors Market, By Type
10.6.3 SAM: Electric DC Motors Market, by Speed
10.6.4 SAM: Electric DC Motors Market, by Application
10.6.5 SAM: Electric DC Motors Market, by Key Country
10.6.6 Brazil: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.6.6.1 Brazil: Electric DC Motors Market, By Type
10.6.6.2 Brazil: Electric DC Motors Market, by Speed
10.6.6.3 Brazil: Electric DC Motors Market, by Application
10.6.7 Argentina: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.6.7.1 Argentina: Electric DC Motors Market, By Type
10.6.7.2 Argentina: Electric DC Motors Market, by Speed
10.6.7.3 Argentina: Electric DC Motors Market, by Application
10.6.8 Rest of SAM: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
10.6.8.1 Rest of SAM: Electric DC Motors Market, By Type
10.6.8.2 Rest of SAM: Electric DC Motors Market, by Speed
10.6.8.3 Rest of SAM: Electric DC Motors Market, by Application
11. Electric DC Motors Market – COVID-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.6 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 ABB Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 AMETEK Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Yaskawa Electric Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Johnson Electric Holdings Limited
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Nidec Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Siemens AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Allied Motion Technologies Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 MinebeaMitsumi, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Maxon Motors AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Regal Rexnord Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Global Electric DC Motors Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. North America: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. France: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. France: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 19. France: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 27. UK: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. Asia Pacific: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 36. Asia Pacific: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. China: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 42. China: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 43. China: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. India: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 45. India: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 46. India: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 56. MEA: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. MEA: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 58. MEA: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of MEA: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of MEA: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of MEA: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 71. SAM: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 72. SAM: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 73. SAM: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of SAM: Electric DC Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of SAM: Electric DC Motors Market, by Speed – Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of SAM: Electric DC Motors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 83. Glossary of terms, Electric DC Motors market
LIST OF FIGURES
Figure 1. Electric DC Motors Market segmentation
Figure 2. Electric DC Motors Market segmentation – By Region
Figure 3. Electric DC Motors Market Overview
Figure 4. Brushless DC Motor Held the Highest Share in Global Electric DC Motors Market in 2020
Figure 5. Medium Speed (1001 to 25000 rpm) Held the Highest Share in Global Electric DC Motors Market in 2020
Figure 6. Household Appliances Held the Highest Share in Global Electric DC Motors Market in 2020
Figure 7. Electric DC Motors Market, by Geography
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Asia Pacific – PEST Analysis
Figure 11. MEA – PEST Analysis
Figure 12. South America – PEST Analysis
Figure 13. Electric DC Motors Market – Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Global Electric Car Stock
Figure 16. Global Electric DC Motor Market: Impact Analysis of Drivers and Restraints
Figure 17. Global Electric DC Motors Market
Figure 18. Global Electric DC Motors Market Forecast and Analysis, (US$ Mn)
Figure 19. Electric DC Motors Market Revenue Share, by Type (2020 and 2028)
Figure 20. Brushed DC Motor: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Brushless DC Motor: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Electric DC Motors Market Revenue Share, by Speed (2020 and 2028)
Figure 23. Low Speed : Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Medium Speed : Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. High Speed: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Electric DC Motors Market Revenue Share, by Application (2020 and 2028)
Figure 27. Industrial Machinery: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Automotive and Transportation: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. HVAC Equipment: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Aerospace and Defense: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Household Appliances: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Global Electric DC Motors Market Revenue Share, By Region (2020 & 2028)
Figure 34. North America: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America: Electric DC Motors Market Revenue Share, by Type (2020 & 2028)
Figure 36. North America: Electric DC Motors Market Revenue Share, by Speed (2020 & 2028)
Figure 37. North America: Electric DC Motors Market Revenue Share, by Application (2020 & 2028)
Figure 38. North America: Electric DC Motors Market Revenue Share, by Key Country (2020 & 2028)
Figure 39. US: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Electric DC Motors Market Revenue Share, by Type (2020 & 2028)
Figure 44. Europe: Electric DC Motors Market Revenue Share, by Speed (2020 & 2028)
Figure 45. Europe: Electric DC Motors Market Revenue Share, by Application (2020 & 2028)
Figure 46. Europe: Electric DC Motors Market Revenue Share, by Key Country (2020 & 2028)
Figure 47. France: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Germany: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Italy: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. UK: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Russia: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Rest of Europe: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Asia Pacific: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Asia Pacific: Electric DC Motors Market Revenue Share, by Type (2020 & 2028)
Figure 55. Asia Pacific: Electric DC Motors Market Revenue Share, by Speed (2020 & 2028)
Figure 56. Asia Pacific: Electric DC Motors Market Revenue Share, by Application (2020 & 2028)
Figure 57. Asia Pacific: Electric DC Motors Market Revenue Share, by Key Country (2020 & 2028)
Figure 58. Australia: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. China: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. India: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Japan: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. South Korea: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Rest of APAC: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. MEA: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. MEA: Electric DC Motors Market Revenue Share, by Type (2020 & 2028)
Figure 66. MEA: Electric DC Motors Market Revenue Share, by Speed (2020 & 2028)
Figure 67. MEA: Electric DC Motors Market Revenue Share, by Application (2020 & 2028)
Figure 68. MEA: Electric DC Motors Market Revenue Share, by Key Country (2020 & 2028)
Figure 69. South Africa: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Saudi Arabia: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. UAE: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. Rest of MEA: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. SAM: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. SAM: Electric DC Motors Market Revenue Share, by Type (2020 & 2028)
Figure 75. SAM: Electric DC Motors Market Revenue Share, by Speed (2020 & 2028)
Figure 76. SAM: Electric DC Motors Market Revenue Share, by Application (2020 & 2028)
Figure 77. SAM: Electric DC Motors Market Revenue Share, by Key Country (2020 & 2028)
Figure 78. Brazil: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Argentina: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. Rest of SAM: Electric DC Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. Impact of COVID-19 Pandemic in North America Country Markets
Figure 82. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 83. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 84. Impact of COVID-19 Pandemic in Middle East and Africa Countries
Figure 85. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - Electric DC Motor Market
- ABB
- Allied Motion Inc.
- Ametek Inc
- Yaskawa Electric Corp
- Minebeamitsumi Inc.
- Johnson Electric Holdings Limited
- Maxon Motor AG
- NIDEC Corporation
- Regal Rexnord Corporation
- Siemens AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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