Global Electric DC Motors Market (2024 Edition): Analysis By Motor Type (Brushless and Brushed), By Speed, By Application, By Region, By Country: Market Insights and Forecast (2020-2030).

Global Electric DC Motors Market (2024 Edition): Analysis By Motor Type (Brushless and Brushed), By Speed, By Application, By Region, By Country: Market Insights and Forecast (2020-2030).

Executive Summary

Azoth Analytics has released a research report titled “Global Electric DC Motors Market (2024 Edition)” which provides a complete analysis of the Global Electric DC Motors industry in terms of market segmentation by Motor Type (Brushless and Brushed), by Speed (Less Than 1,000 rpm, 1,001 to 25,000 rpm, More than 25,000 rpm), by Application (Industrial Machinery, Automotive and Transportation, Household Appliances, HVAC Equipment, Other Applications) for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.

The report analyses the Electric DC Motors Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, United Kingdom, Germany, France, Italy China, Japan, South Korea, India). The Global Electric DC Motors market showcased growth at a CAGR of 8.16% during 2020-2023. The market was valued at USD 15880.19 Million in 2023 which is expected to reach USD 29059.04 Million in 2030. Electric Direct Current (DC) motors are critical components in numerous applications, from automotive to industrial automation, offering precise control over torque and speed, as well as energy efficiency. These motors have gained popularity due to their compact design, simplicity, and compatibility with a wide range of power sources. As industries across the globe increasingly prioritize sustainability, energy conservation, and smart systems, electric DC motors have become integral to the transition toward greener technologies.

Technological advancements are contributing to the growth of the electric DC motors market. The development of brushless DC motors (BLDC) has been a game changer in the industry. Unlike conventional brushed motors, BLDC motors eliminate the need for brushes, which are a common point of wear and inefficiency in traditional designs. This results in motors that are more durable, efficient, and capable of delivering higher power density. BLDC motors are being increasingly used in high-performance applications such as drones, electric bicycles, and advanced industrial machinery, where reliability and energy efficiency are crucial.

The rise of smart cities and the increasing implementation of Internet of Things (IoT) devices are further accelerating the demand for electric DC motors. IoT-enabled devices, ranging from smart thermostats to connected appliances, often rely on small DC motors for movement and control. Additionally, the trend toward smart infrastructure, which includes automated traffic systems, intelligent transportation networks, and connected utilities, is creating new opportunities for DC motor applications in urban environments. As governments and municipalities invest in smart city initiatives, the market for DC motors is poised to expand in tandem with the growth of urban automation.

Renewable energy systems present a new frontier for the electric DC motors market. With the increasing emphasis on harnessing clean and sustainable energy sources, DC motors are playing a pivotal role in solar and wind power generation systems. In solar applications, DC motors are used in photovoltaic tracking systems to optimize the angle of solar panels, thereby maximizing energy capture. Similarly, DC motors are used in wind turbines for controlling the blades' pitch and adjusting their position to capture optimal wind speeds. As the global push toward renewable energy intensifies, the demand for DC motors in energy systems is projected to see a significant uptick.

Additionally, surging production and applicability in the consumer electronics industry is also a key contributor to the growth of the DC motors market. Small DC motors are used in a range of household appliances and electronic devices, including fans, vacuum cleaners, electric shavers, and toys. The increasing adoption of smart home devices and appliances that require precision in motion control has further augmented the market. As disposable incomes rise and lifestyles become more tech-centric, the demand for consumer electronics powered by efficient and durable DC motors is expected to grow steadily.

Moreover, automation across various industrial sectors is another significant driver for the electric DC motors market. Industries are increasingly automating their production processes to enhance efficiency, reduce labor costs, and improve precision. In automation systems, DC motors are preferred due to their ability to provide consistent speed and torque control, even under variable load conditions. These motors are widely used in conveyor belts, robotic arms, machine tools, and packaging equipment. The growth of smart manufacturing, characterized by the use of sensors, controllers, and communication technologies, has further amplified the demand for DC motors, which are often used in combination with advanced control systems.

Scope of the Report:

• The report analyses the Electric DC Motors Market by Value (USD Million).
• The report analyses the Electric DC Motors Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, United Kingdom, Germany, France, Italy, China, Japan, South Korea, India).
• The report presents the analysis of Electric DC Motors Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
• The report analyses the Electric DC Motors Market by Motor Type (Brushless and Brushed).
• The report analyses the Electric DC Motors Market Speed (Less Than 1,000 rpm, 1,001 to 25,000 rpm, More than 25,000 rpm).
• The report analyses the Electric DC Motors Market by Application (Industrial Machinery, Automotive and Transportation, Household Appliances, HVAC Equipment, Other Applications).
• The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by motor type, by speed, & by application.
• Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include ABB Ltd, Johnson Electric Holdings Limited, AMETEK Inc., Nidec Corporation, Allient Inc., Yaskawa Electric Corporation, MinebeaMitsumi, Inc., Siemens AG, Regal Rexnord Corporation, Maxon Motors AG.