The United States DC Motor Market size is estimated at USD 110.20 million in 2024, and is expected to decline to USD 101.70 million by 2029.
The need for energy-efficient DC motors has become more urgent because of growing industrialization in the United States. Energy-efficient DC motors can improve efficiency and lower energy loss, resulting in significant cost savings throughout their lifetime. Consequently, demand for energy-efficient motors is still coming from some sectors, such as industry, agriculture, construction, and transport, which is propelling the market.
The US DC motor market is fragmented, with the presence of several global and local players. The market is highly competitive. Big companies are adopting strategies like acquisitions, alliances, partnerships, investments, and technological launches to obtain an edge over competitors and retain their position in the global market. Developing an efficient product portfolio requires players to invest significantly in research and development.
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