Product Code: GVR-1-68038-521-2
Electric DC Motor Market Growth & Trends:
The global electric DC motor market size is expected to reach USD 25.18 billion by 2030, registering a CAGR of 6.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. These motors are extensively used in compressors, machine tools, electric cars, and domestic appliances, among others. Major advantages, such as lesser rotor heat and higher peak efficiency as compared to other motors, make them suitable for applications in a variety of fields. These high-efficiency motors are expected to gain importance due to their long operating life, low maintenance, and low energy consumption.
The increasing global demand for DC motor-driven equipment is further boosting the market growth. Factors including large-scale adoption in forklift chemical injection pumps and HVAC applications are estimated to catapult the prospects for market growth by 2025. Electric DC type has undergone several advancements over the past few years, owing to which the current motor demand is expected to gain traction in the future.
The market is projected to witness significant growth over the forecast period, which is stemmed from the increasing automobile production as well as the number of motors per car. The market is driven by rising manufacturing and purchasing activities in the electric vehicle industry globally. Improving standards of living and rising income levels are anticipated to further spur the global production of motor vehicles and electronic appliances. The growing popularity of vehicle features such as motorized seats, adjustable mirrors, and sunroof systems is driving demand for electric DC motors, especially brushless types.
The ever-increasing fuel prices and growing need among consumers for using cleaner energy have driven demand for electric motors in recent years. The use of DC type as the primary component of electric motors is likely to drive market growth in the future. Furthermore, the rising environmental concern is a key factor expected to spur growth.
The ability of DC type to save energy, along with enhancing the reliability and operational efficiency of equipment, is expected to result in their augmented adoption over the forecast period. Furthermore, the growing awareness of green vehicles among customers coupled with several government initiatives to promote green vehicles for safeguarding the environment from carbon emissions are contributing to the market growth. They are expected to further drive demand for DC type over the forecast period.
HVAC systems are generally implemented in large offices, corporate spaces, and shopping malls. DC motors are used in HVAC equipment for the movement of air from one place to another. The rising rate of urbanization and improved standard of living are likely to lead to the large-scale implementation of HVAC systems, thereby driving the demand globally.
Electric DC Motor Market Report Highlights:
- The global electric DC motor market size was valued at USD 15.92 billion in 2023 and is projected to grow at a CAGR of 6.8% from 2024 to 2030, which is primarily attributed to their increasing application in industrial machinery and electric vehicles.
- The brushless segment accounted for a major share in 2023 owing to factors such as thermal resistance, low maintenance, and low operating temperatures.
- The increasing utilization of 0-750W segment in applications such as plastic extruders, packaging machinery, and conveyors are expected to lead to the rising demand for the segment by 2030.
- DC types are widely adopted in the industrial machinery segment, which is ascribed to features such as robust functioning and safer operations that they offer across numerous applications.
- The Asia Pacific region is anticipated to witness growth at a CAGR exceeding 7.6% over the forecast period, owing to increasing industrialization in the developing economies of China, India, and Indonesia.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Electric DC Motors Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Billion)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Electric DC Motors Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Electric DC Motors Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Electric DC Motors Market: Type Movement Analysis, 2023 & 2030 (USD Billion)
- 4.3. Brushed DC Motor
- 4.3.1. Brushed DC Motor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Brushless DC Motor
- 4.4.1. Brushless DC Motor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Electric DC Motors Market: Voltage Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Electric DC Motors Market: Voltage Movement Analysis, 2023 & 2030 (USD Billion)
- 5.3. 0 - 750 Watts
- 5.3.1. 0-750 Watts Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. 750 Watts-3kW
- 5.4.1. 750 Watts - 3kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. 3kW-75kW
- 5.5.1. 3kW -75kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.6. Above 75 kW
- 5.6.1. Above 75 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Electric DC Motors Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Electric DC Motors Market: End Use Movement Analysis, 2023 & 2030 (USD Billion)
- 6.3. Industrial Machinery
- 6.3.1. Industrial Machinery Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Motor Vehicles
- 6.4.1. Motor Vehicles Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. HVAC Equipment
- 6.5.1. HVAC Equipment Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6. Aerospace & Transportation
- 6.6.1. Aerospace & Transportation Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.7. Household Appliances
- 6.7.1. Household Appliances Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.8. Others
- 6.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Electric DC Motors Market: Regional Estimates & Trend Analysis
- 7.1. Electric DC Motors Market Share, By Region, 2023 & 2030 (USD Billion)
- 7.2. North America
- 7.2.1. North America Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Electric DC Motors Market Estimates and Forecasts, 2018 -2030 (USD Billion)
- 7.3.2. UK
- 7.3.2.1. UK Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Germany
- 7.3.3.1. Germany Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.5. Italy
- 7.3.5.1. Italy Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.6. Russia
- 7.3.6.1. Russia Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.7. Spain
- 7.3.7.1. Spain Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.2.1. China Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. Japan
- 7.4.3.1. Japan Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. India
- 7.4.4.1. India Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.6. Australia
- 7.4.6.1. Australia Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.7. Thailand
- 7.4.7.1. Thailand Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.8. Indonesia
- 7.4.8.1. Indonesia Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.9. Malaysia
- 7.4.9.1. Malaysia Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.3. Argentina
- 7.5.3.1. Argentina Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Saudi Arabia Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. UAE
- 7.6.3.1. UAE Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Electric DC Motors Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.4.1. AMETEK, Inc.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Allied Motion, Inc
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Siemens
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Johnson Electric Holdings Limited.
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Rockwell Automation
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Franklin Electric
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments/ Strategic Initiatives