Electric DC Motors Market Size, Trends and Insights By Type (Brushed, Brushless), By Voltage (0 - 750 Watt, 750 Watts - 3 kW, 3kW - 75 kW, Above 75kW), By End-use Industries (Industrial Machinery, Household Appliances, HVAC Equipment, Motor Vehicles, Aerospace & Transportation, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Allied Motion Inc.
- ABB
- Ametek Inc
- Minebeamitsumi Inc.
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Electric DC Motors Market was estimated at USD 18.6 billion in 2021 and is expected to reach USD 19.8 billion in 2022, and is anticipated to reach around USD 27.7 billion by 2030, growing at a CAGR of roughly 10% between 2022 and 2030. Our research report offers a 360-degree view of the Electric DC Motors market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Electric DC Motors market.
Electric DC Motors Market: Overview
A DC motor, also known as a direct current motor, is a type of electrical device that uses direct current to generate a magnetic field that converts electrical energy into mechanical energy. A magnetic field is produced in the stator of a DC motor when it is powered. Magnets on the rotor are drawn to and drawn away by the field, which rotates the rotor. The commutator, connected to brushes and the power source, supplies current to the motor’s wire windings to keep the rotor turning continuously.
Electric DC Motors Market: COVID–19 Impact Analysis
Governments have relaxed containment standards and let industrial facilities function in 2021 due to the decline in COVID-19 patients in APAC. Due to the restriction of a small staff, the restrictions put in place by governments to contain the COVID-19 outbreak impacted the production process. Among the important industries that support the expansion of the electric DC motors market in the region are consumer electronics and the automotive industry. The customer’s purchasing power has significantly dropped due to job loss or wage reductions.
The decreased purchasing power affected the sales of numerous electrical appliances, including television sets, washing machines, and air conditioners. According to Automobile Industry Associations, the Indian car industry lost millions of dollars every day in 2020. Nevertheless, the demand for electric DC motors from diverse end-users has increased as the economies recover and enterprises resume their activities. Additionally, businesses may work more easily with a large worker capacity than past limits.
Electric DC Motors Market: Growth Drivers
Surging demand for brushless DC motors
Due to their benefits, such as better operational economy, high rpm, low noise, and powerful torque, brushless DC motors are becoming increasingly common. Expanding small electronic device use and advanced industrial automation drives the demand for Brushless DC motors. Brushless DC motors are used in hand dryers, medical equipment, fans, pumps, compressors, and household appliances.
Due to the growing urban population and demand for ecologically friendly products, these motors are being more widely used in various industries, including agriculture, medicine, healthcare, and automotive. In 2018, the UK government spent USD 252.9 billion USD on healthcare. The market for electric DC motors is expanding quickly due to the increased government spending in the healthcare industry in nations such as the US, India, and the UK.
Increased demand for HVAC systems
HVAC (heating, ventilation, and air conditioning) systems guarantee interior air quality and thermal comfort. They are one of the fundamental components of contemporary infrastructures, particularly for huge office or shopping complexes. Electric DC motors are frequently employed in HVAC systems to maximize their life and power and achieve high airflow system efficiency. Due to the ongoing expansion of its industrial and commercial sectors, APAC, particularly in China and India, is experiencing an increased demand for HVAC systems.
Electric DC Motors Market: Segmentation Analysis
The Electric DC Motors market is segmented into type, voltage, and end-user industries in our research scope. By type, the brushless segment is estimated to hold the largest market share in 2021, and it is anticipated that it will continue to hold the top spot during the projection period. They are being quickly adopted across many industries due to special advantages such as increased safety over a traditional brushed motor.
Brushes are not present. Hence there is no chance of frictional sparks. They are, therefore, widely employed in applications with limited area. The most recent electric DC motor designs also seek to address cost difficulties while delivering superior performance capabilities to older ones, encouraging their adoption.
The most basic form of electric DC motor is brushed DC. Despite this, they are still in use today because of the flexibility in adjusting the speed-to-torque ratio. These motors are used in household appliances and the automotive industry.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 18.6 billion |
| Projected Market Size in 2030 | USD 27.7 billion |
| CAGR Growth Rate | 10% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Allied Motion Inc., ABB, Ametek Inc, Minebeamitsumi Inc., Johnson Electric Holdings Limited, Yaskawa Electric Corp, Maxon Motor AG, NIDEC Corporation, Siemens AG, Regal Rexnord Corporation, and Others |
| Key Segment | By Type, Voltag, End-use Industries, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Electric DC Motors market is estimated to grow annually at a CAGR of around 10% over the forecast period (2022-2030).
- In terms of revenue, the Electric DC Motors market size was valued at around USD 18.6 billion in 2021 and is projected to reach USD 27.7 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on type segmentation, the brushed DC segment was predicted to show maximum market share in 2021.
- Based on the voltage segmentation, the 0 – 750-Watt segment was the leading revenue-generating category in 2021.
- Based on end-use industries segmentation, the industrial machinery segment was the leading revenue-generating category in 2021.
- Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.
Recent Development
- August 2021: A Chinese client ordered a customized machine with dual shaft extension from Siemens Large Drives Applications (LDA). It has a 105 MW motor operating capacity and a 129 MVA power generation capacity when used as a generator. The efficiency of the 2-pole electric motor will be greater than 98%.
- December 2021: The Nidec Corporation declared that a new facility would be built in Serbia. To distribute goods across Europe and conduct a variety of business ventures from Serbia, the company intends to construct factories there.
Regional Landscape
Over the forecast period, the Asia Pacific market is anticipated to grow rapidly. The emerging countries that make up the regional market include those whose development rates are quicker than most other developing countries worldwide, including Japan, China, and India. Large-scale production industry modernization and automation have accelerated these countries’ economic growth, which is anticipated to accelerate the need for DC motors in the area eventually.
Competitive Landscape
The leading manufacturers implement a variety of strategies, including acquisitions and mergers. The leading players also employ new product launches and focus on ongoing technological breakthroughs in their strategy. By investing in R&D, the businesses are also attempting to hold the market share.
Our report offers quantitative and qualitative insights into the Electric DC Motors market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments.
Key Players:
- Allied Motion Inc.
- ABB
- Ametek Inc
- Minebeamitsumi Inc.
- Johnson Electric Holdings Limited
- Yaskawa Electric Corp
- Maxon Motor AG
- NIDEC Corporation
- Siemens AG
- Regal Rexnord Corporation
The global Electric DC Motors market is segmented as follows:
By Type
- Brushed
- Brushless
By Voltage
- 0 – 750 Watt
- 750 Watts – 3 kW
- 3kW – 75 kW
- Above 75kW
By End-use Industries
- Industrial Machinery
- Household Appliances
- HVAC Equipment
- Motor Vehicles
- Aerospace & Transportation
- Others
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Electric DC Motors Market, (2022 – 2030) (USD Billion)
- 2.2 Global Electric DC Motors Market: snapshot
- Chapter 3. Global Electric DC Motors Market – Industry Analysis
- 3.1 Electric DC Motors Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Surging demand for brushless DC motors
- 3.2.2 Surging demand for brushless DC motors
- 3.2.3 Increased demand for HVAC systems
- 3.2.4 Surging Demand for Brushless DC Motors
- 3.2.5 Increased Demand for HVAC Systems
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Voltage
- 3.7.3 Market attractiveness analysis By End-use Industries
- Chapter 4. Global Electric DC Motors Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Electric DC Motors Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Electric DC Motors Market – Type Analysis
- 5.1 Global Electric DC Motors Market overview: By Type
- 5.1.1 Global Electric DC Motors Market share, By Type, 2021 and 2030
- 5.2 Brushed
- 5.2.1 Global Electric DC Motors Market by Brushed, 2022 – 2030 (USD Billion)
- 5.3 Brushless
- 5.3.1 Global Electric DC Motors Market by Brushless, 2022 – 2030 (USD Billion)
- 5.1 Global Electric DC Motors Market overview: By Type
- Chapter 6. Global Electric DC Motors Market – Voltage Analysis
- 6.1 Global Electric DC Motors Market overview: By Voltage
- 6.1.1 Global Electric DC Motors Market share, By Voltage, 2021 and 2030
- 6.2 0 – 750 Watt
- 6.2.1 Global Electric DC Motors Market by 0 – 750 Watt, 2022 – 2030 (USD Billion)
- 6.3 750 Watts – 3 kW
- 6.3.1 Global Electric DC Motors Market by 750 Watts – 3 kW, 2022 – 2030 (USD Billion)
- 6.4 3kW – 75 kW
- 6.4.1 Global Electric DC Motors Market by 3kW – 75 kW, 2022 – 2030 (USD Billion)
- 6.5 Above 75kW
- 6.5.1 Global Electric DC Motors Market by Above 75kW, 2022 – 2030 (USD Billion)
- 6.1 Global Electric DC Motors Market overview: By Voltage
- Chapter 7. Global Electric DC Motors Market – End-use Industries Analysis
- 7.1 Global Electric DC Motors Market overview: By End-use Industries
- 7.1.1 Global Electric DC Motors Market share, By End-use Industries, 2021 and 2030
- 7.2 Industrial Machinery
- 7.2.1 Global Electric DC Motors Market by Industrial Machinery, 2022 – 2030 (USD Billion)
- 7.3 Household Appliances
- 7.3.1 Global Electric DC Motors Market by Household Appliances, 2022 – 2030 (USD Billion)
- 7.4 HVAC Equipment
- 7.4.1 Global Electric DC Motors Market by HVAC Equipment, 2022 – 2030 (USD Billion)
- 7.5 Motor Vehicles
- 7.5.1 Global Electric DC Motors Market by Motor Vehicles, 2022 – 2030 (USD Billion)
- 7.6 Aerospace & Transportation
- 7.6.1 Global Electric DC Motors Market by Aerospace & Transportation, 2022 – 2030 (USD Billion)
- 7.1 Global Electric DC Motors Market overview: By End-use Industries
- Chapter 8. Electric DC Motors Industry – Regional Analysis
- 8.1 Global Electric DC Motors Industry Regional Overview
- 8.2 Global Electric DC Motors Industry Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Electric DC Motors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.4 North America Electric DC Motors Industry, by Type, 2022 – 2030
- 8.4.1 North America Electric DC Motors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.5 North America Electric DC Motors Industry, by Voltage, 2022 – 2030
- 8.5.1 North America Electric DC Motors Industry, by Voltage, 2022 – 2030 (USD Billion)
- 8.6 North America Electric DC Motors Industry, by End-use Industries, 2022 – 2030
- 8.6.1 North America Electric DC Motors Industry, by End-use Industries, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Electric DC Motors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.8 Europe Electric DC Motors Industry, by Type, 2022 – 2030
- 8.8.1 Europe Electric DC Motors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.9 Europe Electric DC Motors Industry, by Voltage, 2022 – 2030
- 8.9.1 Europe Electric DC Motors Industry, by Voltage, 2022 – 2030 (USD Billion)
- 8.10 Europe Electric DC Motors Industry, by End-use Industries, 2022 – 2030
- 8.10.1 Europe Electric DC Motors Industry, by End-use Industries, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Electric DC Motors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Electric DC Motors Industry, by Type, 2022 – 2030
- 8.12.1 Asia Pacific Electric DC Motors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Electric DC Motors Industry, by Voltage, 2022 – 2030
- 8.13.1 Asia Pacific Electric DC Motors Industry, by Voltage, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Electric DC Motors Industry, by End-use Industries, 2022 – 2030
- 8.14.1 Asia Pacific Electric DC Motors Industry, by End-use Industries, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Electric DC Motors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.16 Latin America Electric DC Motors Industry, by Type, 2022 – 2030
- 8.16.1 Latin America Electric DC Motors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.17 Latin America Electric DC Motors Industry, by Voltage, 2022 – 2030
- 8.17.1 Latin America Electric DC Motors Industry, by Voltage, 2022 – 2030 (USD Billion)
- 8.18 Latin America Electric DC Motors Industry, by End-use Industries, 2022 – 2030
- 8.18.1 Latin America Electric DC Motors Industry, by End-use Industries, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Electric DC Motors Industry, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Electric DC Motors Industry, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Electric DC Motors Industry, by Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Electric DC Motors Industry, by Type, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Electric DC Motors Industry, by Voltage, 2022 – 2030
- 8.21.1 The Middle-East and Africa Electric DC Motors Industry, by Voltage, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Electric DC Motors Industry, by End-use Industries, 2022 – 2030
- 8.22.1 The Middle-East and Africa Electric DC Motors Industry, by End-use Industries, 2022 – 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Allied Motion Inc.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 ABB
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Ametek Inc
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Minebeamitsumi Inc.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Johnson Electric Holdings Limited
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Yaskawa Electric Corp
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Maxon Motor AG
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 NIDEC Corporation
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Siemens AG
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Regal Rexnord Corporation
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.1 Allied Motion Inc.
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Key Players:
- Allied Motion Inc.
- ABB
- Ametek Inc
- Minebeamitsumi Inc.
- Johnson Electric Holdings Limited
- Yaskawa Electric Corp
- Maxon Motor AG
- NIDEC Corporation
- Siemens AG
- Regal Rexnord Corporation
- Others
FAQs
“Asia Pacific” region will lead the global Electric DC Motors market during the forecast period 2022 to 2030.
The key factors driving the market are 1 Surging demand for brushless DC motors, Surging demand for brushless DC motors, Increased demand for HVAC systems, Surging Demand for Brushless DC Motors, Increased Demand for HVAC Systems
.
The key players operating in the Electric DC Motors market are Allied Motion Inc., ABB, Ametek Inc, Minebeamitsumi Inc., Johnson Electric Holdings Limited, Yaskawa Electric Corp, Maxon Motor AG, NIDEC Corporation, Siemens AG, Regal Rexnord Corporation.
The global Electric DC Motors market is expanding growth with a CAGR of approximately 10% during the forecast period (2022 to 2030).
The global Electric DC Motors market size was valued at USD 13 billion in 2021 and it is projected to reach around USD 25 billion by 2030.