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The direct current (DC) motor market size is forecast to increase by USD 25.35 billion at a CAGR of 12.66% between 2024 and 2028. The DC motor market is experiencing significant growth due to various factors. Firstly, the increasing adoption of factory automation and industrial robots is driving demand for DC motors in manufacturing industries. Secondly, the expanding use of DC motors in consumer durables, such as vacuum cleaners and power tools, is contributing to market growth. Lastly, recent advancements in DC motor technology, including brushless DC motors and high-efficiency motors, are enhancing their performance and versatility, further fueling market expansion. Overall, the market is poised for continued growth in the coming years. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
Furthermore, the market in the APAC region experiences ongoing demand due to industrialization and urbanization. Factors such as supply chain challenges and the integration of smart technologies in AC motors are influencing market growth. In the manufacturing sector, They are indispensable, powering machinery like pumps, compressors, and conveyor belts. Additionally, Allied Motion Technologies Inc company is involved in the manufacturing and marketing of products for OEMs and end-user applications.
Market Forecast 2023-2027
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The market is experiencing significant growth driven by advancements in computer peripherals, discrete industry, and the HVAC industry. These motors are integral components in various applications such as power windows, powertrain systems, and chassis. With a focus on safety fittings and lifestyle enhancements, they play a crucial role in emerging technologies like electric vehicles. Additionally, they are widely used in controllers for efficient operation. As demand rises across diverse sectors, the market continues to expand, offering versatile solutions for modern industrial and consumer needs.
Rising factory automation and the use of industrial robots are the key factors driving the Market growth. As the demand for products increases in various industries such as consumer electronics, healthcare, and automobiles, there is an increasing need for high-precision production in a shorter time. Automation, one of the major trends in these industries, can meet such needs. Advances in IoT and artificial intelligence (AI) have facilitated the use of robots in manufacturing processes. For example, a robot picks up silicon wafers used in the manufacture of semiconductors from one location and places them in another location with high precision. According to the International Federation of Robotics, 50% of industrial robots are used in the automotive industry. The rising adoption of robots will drive the growth of the market during the forecast period as robots are integrated with brushless DC electric motor (BLDC) motors for precision movements.
Process and discrete industries are increasingly adopting automated material handling systems that help improve operational efficiency and shorten lead times. Various types are widely used in automated material handling equipment due to their precision in providing control and precision. Therefore, the demand in end-use industries is increasing, driving the growth of the market during the forecast period.
Increasing focus on using energy-efficient motors will fuel the mMarket growth. Governments in various countries offer tax or financial incentives for programs that improve energy efficiency. For example, the US government offers a number of federal and state tax credits to promote energy efficiency concepts in both businesses and homes. The U.S. Environmental Protection Agency operates the Energy Star Voluntary Program to help businesses and households reduce their utility bills. This growing interest in energy efficiency is expected to increase the demand for DC motors in many applications.
Most countries such as China, the UK, India, and Germany are investing heavily in electric vehicles as conventional vehicles running on fossil fuels such as petrol and diesel causes significant levels of air pollution. A rising trend in electric vehicles is also expected to contribute to the growth of DC motors during the forecast period.
Excessive heat generation leading to subdued DC motor performance can majorly impede the growth of the market. Overload and harmonic distortion cause the motor to overheat, reducing efficiency. There are several reasons for this overload. One of them is low insulation resistance or harsh operating conditions. Such factors increase heat generation from the engine. Some DC motors such as torque motors are exposed to extreme temperatures in various industries and often face common overheating problems, which negatively affect their performance. Another factor that contributes to heating in DC motors is the winding resistance of the motor. To generate torque in a motor, current must flow through the copper windings.
Copper is an excellent electrical conductor. However, due to the properties of impurities and atoms, DC motors can oscillate rapidly when too much power is applied. This increases the winding temperature and affects performance. Despite huge investments in R&D, this remains one of the key challenges for vendors in the market. Therefore, such factors are expected to have a negative impact on the growth of the DC Motor Market during the forecast period.
The less than 750 W segment will contribute a major share of the market, as these motors provide efficient and reliable solutions for a wide variety of applications, from industrial machinery to consumer electronics. An example of a DC motor rated below his 750W is the Maxon RE 40. With a maximum output of 550W, this motor is widely used in robotics, medicine, and aerospace. Its compact size and high torque make it ideal for precision work. Another popular option is the Faulhaber 2232 SR. Rated up to 460W, this DC motor is suitable for a wide variety of applications from automation equipment to scientific research equipment. Its fast and accurate positioning capabilities make it a popular choice among engineers and researchers.
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The Less than 750 W segment showed a gradual increase in market share with USD 15.08 billion in 2018. For consumer electronics applications, the Mabuchi RS-775WC is a popular choice. With a maximum rated output of 500W, this motor is widely used in power tools, electric vehicles, and household appliances. Its high efficiency and reliability make it a cost-effective solution for a variety of applications. DC motors with power ratings less than 750 W are also commonly used in industrial machinery. For example, the Baldor DCE-BPMSDC is rated up to 750W and is commonly used in conveyors, pumps, and fans. Its robust construction and high torque make it ideal for harsh applications. Therefore, the above factors are expected to propel the growth of the less than 750W segment of the DC Motor Market during the forecast period.
By Region
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APAC is estimated to contribute 61% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.
APAC region contributes significantly to the market driven by a combination of factors such as increasing industrialization, increasing urbanization, and rising demand for energy-efficient vehicles. The main application of DC motors in the APAC region is in the manufacturing industry, where they are widely used in machinery such as pumps, compressors, and conveyors. In countries such as China and India, the demand for DC motors is increasing due to the rapid growth of various industries, from automotive to construction. Moreover, the APAC region has witnessed a significant increase in the adoption of renewable energy sources such as wind, solar, and hydropower. DC motors play a key role in many of these applications as they drive turbines to generate electricity. The growing popularity of electric vehicles in the region also contributes to the demand for DC motors. These factors are expected to drive the growth of the market in the APAC region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ASSUN MOTOR Pte Ltd: The company provides different types of DC motors such as DC Brush Motors, and DC Brushless Motors.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
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.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is pivotal in shaping the future of industries like the electric vehicle sector and beyond. With blower motors and variable speed drives, DC motors drive efficiency in various applications, including air handling units (AHUs). They are the powerhouse behind the propulsion and auxiliary functions of electric vehicles (EVs), contributing to the global energy economy and aligning with the International Energy Agency (IEA) goals. Moreover, in the car manufacturing industry, DC motors are essential components, leveraging technologies like wound rotors and commutators. Despite challenges such as containment measures and supply chain issues during lockdowns, the market persists, driven by innovations like smart AC motors to meet evolving demands efficiently. During the lockdown, the production of induction motor faced delays due to supply chain disruptions in sourcing components such as wound rotor and Commutator.
Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.66% |
Market growth 2024-2028 |
USD 25.35 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
10.99 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 61% |
Key countries |
China, US, Japan, Germany, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Power Output
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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