The market for DC motor is expected to grow at a CAGR of around 12.9% from 2020 to 2027 and expected to reach the market value of around US$ 35.1 Bn by 2027.
DC motor is a class of rotary electrical motors that turns electricity into motion by exploiting electromagnetic induction, and in the case of DC motor, it utilizes direct current electrical energy to convert it into mechanical energy.
The increasing preference for electric vehicles across the globe due to increasing concern about the environmental pollution from fuel combustion engines is driving the market growth. According to recent updates of 2021, Electric cars rise to a record 54% market share in Norway and the country becomes the first in the world where electric car sales outstrip those powered by other means including gas, fossil fuel, etc. The rising demand for DC motors in agricultural equipment due to raising awareness about advanced farming and instruments is further boosting the market value. Additionally, the increasing adoption of DC motor-driven mobile HVAC appliances commonly including vehicle air conditioning blowers and brushed PMDC motor is further proliferating the market value. Furthermore, adopting industrial automation components to compete in the fast-paced business environment, and transforming business processes are projected to create potential opportunities over the forecast period from 2020 to 2027.
On the other hand, restrictions to small-sized vehicles and limitations in the application are the factor projected to restrict the growth to an extent over the forecast period from 2020 to 2027.
Segment Instance of Global DC Motor Market
Brushless DC Motors accounted for the maximum revenue share in the global DC motor market
On the basis of motor type, the brushless DC motors segment is leading the market with maximum revenue share and the segment is also projected to maintain its dominance over the forecast period from 2020 to 2027. The increasing demand in heating, ventilation and air conditioning (HVAC) systems especially across large office buildings or shopping malls due to infrastructural development is supporting the segmental market value.
Asia Pacific dominated the DC motors market in 2019
In 2019, Asia Pacific dominated the market with maximum revenue share, and the region is also projected to maintain its dominance over the forecast period from 2020 to 2027. The major economies of the region including China, Japan, and India are contributing to the maximum revenue share. The developing economies of the region are estimated to support the fastest growth of the region during the forecast period.
Furthermore, Asia Pacific is followed by Europe in the DC motor market due to its advanced infrastructure for electric vehicle. Early adoption of the electric vehicle where DC motor is utilized is the major factor supporting the regional market value. Europe is a developed market and is projected to exhibit constant growth over the forecast period from 2020 to 2027.
Key Market Players
The players profiled in the report include Accurate Electric Motor & Pump Co, American Crane & Equipment Corp, Ametek Inc, Asmo Co. Ltd., ATS Automation Tooling Systems, Inc., Bayer AG, Bruce Electric Equipment Corp, Franklin Electric Co., Hansen Motors, Sony Corporation, Tesla Motors, Toyota, Whirlpool Corporation, and others.
Market By Motor Type
Brushed DC Motors
Brushless DC Motors
Market By Technology
Low Speed (Less Than 1,000 Rpm)
Medium Speed (1,001 To 25,000 Rpm)
High Speed (25,001 To 75,000 Rpm)
Ultra-High Speed (Greater Than 75,001 Rpm)
Market By Application
Aerospace & Transportation
The market for DC Motor is expected to reach a market value of around US$ 35.1 Bn by 2027.
The DC Motor market is expected to grow at a CAGR of around 12.9% from 2020 to 2027.
Brushless DC Motors is the leading segment by motor type in the DC motor market
The increasing preference for electric vehicles across the globe, increasing concern about the environment pollution from the fuel combustion engines, rising demand for DC motor in agricultural equipment due to rising awareness about the advanced farming, and increasing adoption of DC motor-driven mobile HVAC appliances are some of the factors driving the market growth.
Accurate Electric Motor & Pump Co, American Crane & Equipment Corp, Ametek Inc, Asmo Co. Ltd., ATS Automation Tooling Systems, Inc., Bayer AG, Bruce Electric Equipment Corp, Franklin Electric Co., Hansen Motors, Sony Corporation, Tesla Motors, Toyota, and Whirlpool Corporation are some of the prominent players in the market.
Asia Pacific held the highest market share in the DC motor market
Asia Pacific is expected to be the fastest growing market over the forecast period