Middle East and Africa 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

Middle East and Africa 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 Middle East & Africa electric DC motor market is expected to reach US$ 843.13 million by 2028 from US$ 524.91 million in 2021. The market is estimated to grow at a CAGR of 7.0% from 2021 to 2028.

With substantial advancements in electric car technology, the global automobile industry is shifting toward electric mobility. The demand for electric vehicles is fueled by advancements in battery technology that lower battery costs and boost charging speed. Moreover, government assistance such as tax exemptions and incentives to promote environmentally friendly transportation is likely to promote the demand for brushless DC motors. According to the International Energy Agency (IEA), global electric car sales accounted for 7.2 million in 2019, surpassing 2018’s record of 5.1 million. Similarly, according to the agency, in 2019, electric cars accounted for 2.6% of global car sales and around 1% of global car stock, representing a 40% raise every year. Electric vehicles are becoming popular, owing to technological advancements in electric two/three-wheelers, buses, and trucks. Due to the rising demand for electric vehicles, car manufacturers are focusing on producing and stocking electric automobiles.

Middle East & Africa Electric DC Motor Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa 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

Middle East & Africa South Africa Saudi Arabia UAE Rest of MEA

Companies Mentioned

ABB Ltd AMETEK Inc. Yaskawa Electric Corporation Johnson Electric Holdings Limited Siemens AG Regal Rexnord Corporation

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