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The brushed DC motors market share is expected to increase to USD 5.45 billion from 2021 to 2026, at a CAGR of 7.83%.
This brushed DC motors market research report extensively covers brushed DC motors market segmentation by power rating (between 37.5 W and 750 W, between 750 W and 375 kW, and more than 375 kW), end-user (process industry and discrete industry), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The brushed DC motors market report also offers information on several market vendors, including ABB Ltd., Allied Motion Technologies Inc., American Precision Industries Inc., AMETEK Inc., Asmo GmbH, Buhler Motor GmbH, Delta Line SA, ElectroCraft Inc., FAULHABER MICROMO LLC, Jamieson Equipment Co., Johnson Electric Holdings Ltd., Kollmorgen Corp., Maxon motor AG, MinebeaMitsumi Inc., Moog Inc., Nidec Corp., Precision Microdrives Ltd., Rebeck Enterprise Co. Ltd., RS Components Pte Ltd., and Siemens AG among others.
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Technavio categorizes the global brushed DC motors market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the brushed DC motors market during the forecast period.
The low cost of brushed DC motors compared with brushless DC motors is notably driving the brushed DC motors market growth, although factors such as the preference of brushless DC motors over brushed DC motors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the brushed DC motors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Brushed DC Motors Market Driver
One of the key factors driving the global brushed DC motors industry growth is the low cost of brushed DC motors compared with brushless DC motors. The manufacturing of brushed DC motors is simple as these are made up of components such as rotor, stator, commutator, and brushes. The brushes slide onto the different segments on the axle of the motors, which have sleeves. Unlike the brushless DC motors, which lack brushes and have hall sensors to identify the position of the rotor, which makes the motors costly, brushed DC motors do not have any sensors and work based on electromagnetic principle. This makes them less expensive compared to brushless DC motors. Therefore, the focused market will grow during the forecast period.
Key Brushed DC Motors Market Trend
Motors with variable speed drives and wireless chips for controlling is one of the key brushed DC motors market trends that is expected to impact the industry positively in the forecast period. The motors with controllers, such as variable speed drives, help regulate the speed of brushed DC motors. As these controllers help in controlling the direction of rotation and the speed of the motors, they smoothen the function of the brushed DC motors. In addition, embedded chips in the motors help in controlling from a very long range. Through increased use of the internet of things (IoT) in industries, wireless chips help to control two or more motors. This wireless chip helps in accelerating and decelerating the motors and aids in the start and stop functionality, and will further support the market growth in the forecast years.
Key Brushed DC Motors Market Challenge
One of the key challenges to the global brushed DC motors market growth is the preference for brushless DC motors over brushed DC motors. Brushless DC motors are more efficient than magnetic motors or induction motors because they lack brushes and physical commutators. So, there are fewer chances that brushless DC motors will get damaged due to wear and tear. Brushless DC motors help overcome the problems faced in brushed DC motors and have a longer operational life. In addition, the global brushed DC motors market saw a major dip in sales in 2016. The revenue generated from the sales of brushless DC motors was USD 26.76 billion in 2016 and reached approximately USD 49.28 billion in 2021, growing at a CAGR of 12.99. Such factors will restrict the growth of the focused market during the forecast period.
This brushed DC motors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the brushed DC motors market encompasses successful business strategies deployed by the key vendors. The brushed DC motors market is fragmented and the vendors are deploying growth strategies such as an increase in investments in R and D to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The brushed DC motors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the brushed DC motors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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55% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for brushed DC motors in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The significant increase in the demand for motors owing to their applications in areas such as metallurgy equipment, oil and gas, power, and chemical industries will facilitate the brushed DC motors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 affected the growth of several industries, including automotive, industrial machinery, construction, aerospace and defense, electrical and electronics, and hospitality, in the region. However, the decreasing number of COVID-19 cases coupled with increasing vaccination rate will help reopen business and manufacturing activities and is expected to drive growth in the regional market in focus during the forecast period.
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The brushed DC motors market share growth by the power rating between 37.5 W and 750 W segment will be significant during the forecast period. The discrete industries such as automotive and consumer durables are wide users of brushed DC motors having power ratings between 37.5 W and 750 W as these are affordable, and their simple structure helps in easier control. Thus, this segment will grow during forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the brushed DC motors market size and actionable market insights on post COVID-19 impact on each segment.
Brushed DC Motors Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 7.83% |
Market growth 2022-2026 |
$ 5.45 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.14 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 55% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ABB Ltd., Allied Motion Technologies Inc., American Precision Industries Inc., AMETEK Inc., Asmo GmbH, Buhler Motor GmbH, Delta Line SA, ElectroCraft Inc., FAULHABER MICROMO LLC, Jamieson Equipment Co., Johnson Electric Holdings Ltd., Kollmorgen Corp., maxon motor AG, MinebeaMitsumi Inc., Moog Inc., Nidec Corp., Precision Microdrives Ltd., Rebeck Enterprise Co. Ltd., RS Components Pte Ltd., and Siemens AG |
Market dynamics |
Parent market analysis, 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 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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