Asia Pacific Electric DC Motor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Brushed DC Motors and Brushless DC Motors), Speed (Low, Medium, and High), and Application (Industrial Machinery, Automotive &Transportation, HVAC Equipment, Aerospace & Defense, Household Appliances, and Others)
The Asia Pacific electric DC motor market is expected to reach US$ 10,331.24 million by 2028 from US$ 5,262.70 million in 2021.
The evolution of technical infrastructures is fueled by data digitization, machine automation, and asset connection in industrial facilities. Another crucial part of the manufacturing industry's future is industrial automation. This enables accuracy and productivity well beyond human capability, even when humans would be at risk. Newer versions of robotics are easy to use and available with features such as speech and image recognition to replicate sophisticated human activities.
Several industry verticals use industrial automation components. Industries are altering their business processes to compete in the fast-paced commercial environment. These factors are projected to contribute to the electric DC motors market during the forecast period. A prominent trend in the industry is the adoption of improved and energy-efficient electric DC motors. The demand for energy-efficient electric DC motors in industrial machinery for mining, manufacturing, power generation, and utility sectors has been boosting the growth of the electric DC motors market regionally.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific electric DC motor market. The Asia Pacific electric DC motor market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Electric DC Motor Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Electric DC Motor Market Segmentation
By Type
Brushed DC Motors Brushless DC Motors By Speed
Low Medium High By Application
Industrial Machinery Automotive and Transportation HVAC Equipment Aerospace & Defense Household Appliances Others By Country
Australia China India Japan South Korea Rest of APACCompanies Mentioned
ABB Ltd AMETEK Inc. Yaskawa Electric Corporation Johnson Electric Holdings Limited Nidec Corporation Siemens AG Allied Motion Technologies Inc. Minebea Mitsumi, Inc. Maxon Motors AG Regal Rexnord Corporation
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