Global DC Motors Market 2023-2027
Technavio has been monitoring the DC motors market and is forecast to grow by USD 19,681.47 mn during 2022-2027, accelerating at a CAGR of 11.17% during the forecast period. Our report on the DC motors market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising factory automation and the use of industrial robots, the increasing use of DC motors in consumer durables, and recent developments in DC motors.
Technavio's DC motors market is segmented as below:
By Type
- Brushed DC motors
- Brushless DC motors
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the development of sensor-less BLDC motors as one of the prime reasons driving the DC motors market growth during the next few years. Also, increasing focus on using energy-efficient motors and advances in medical robotics, electrical, and automated guided vehicles will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Our report on the DC motors market covers the following areas:
- DC motors market sizing
- DC motors market forecast
- DC motors market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading DC motors market vendors that include ABB Ltd., Allied Motion Technologies Inc., Altra Industrial Motion Corp., AMETEK Inc., ASSUN MOTOR Pte Ltd., ElectroCraft Inc., Johnson Electric Holdings Ltd., maxon motor AG, MinebeaMitsumi Inc., Mitsubishi Electric Corp., Nidec Corp., North American Electric Inc., OMRON Corp., Oriental Motor Co. Ltd., Regal Beloit Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Teknic Inc., and Yaskawa Electric Corp. Also, the dc motors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.