Electric DC Motors Market Key Manufacturers Development Trends and Competitive Analysis 2028

The global "Electric DC Motor Market" is expected to grow from US$ 12,968.5 million in 2021 to US$ 23,639.4 million by 2028; it is estimated to grow at a CAGR of 9.0% during 2021-2028.

The APAC electric DC motors market is further segmented by country, including Australia, China, India, Japan, and South Korea. The region's robust automotive industry has driven the demand for electric DC motors in recent years. China and India, in particular, have experienced a surge in automotive production due to increased demand for commercial and passenger vehicles in the region. In 2020, India and China produced 3,394,446 and 25,225,242 vehicles, respectively. APAC's rising automotive manufacturing industry has contributed to the growing demand for electric DC motors across the region.

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Companies Profiled in this report includes:

• ABB
• Allied Motion Inc.
• Ametek Inc
• Yaskawa Electric Corp
• Minebeamitsumi Inc.
• Johnson Electric Holdings Limited
• Maxon Motor AG
• NIDEC Corporation
• Regal Rexnord Corporation
• Siemens AG

Additionally, China has seen a significant increase in industrial equipment and home appliance production over the years. With rising disposable incomes, fast urbanization, and creative and appealing advertising from manufacturing companies, a potentially disruptive market environment has emerged in the APAC region. The growing number of urban residents and middle-class families has increased demand for home and kitchen equipment throughout the region. APAC-based electric DC motor manufacturers, such as Yaskawa Electric Corporation, Johnson Electric Holdings Limited, Nidec Corporation, and MinebeaMitsumi, Inc., have increased investments in product development and geographic expansion to expand their customer base globally. In February 2021, Johnson Electric Holdings Limited launched LVDC motors for smart furniture.

The electric DC motor market is segmented on the basis of type, speed, application, and geography. On the basis of type, the market is bifurcated into brushed DC motors and brushless DC motors. The brushless DC motors segment represented a larger share of the overall market in 2020 On the basis of speed, the Electric DC Motors market is segmented into low (less than 1,000 rpm), medium (1,001-25,000 rpm), and high (above 25,000).

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Electric DC Motors Market Segmentation:

By Type:
• Brushed DC Motor
• Brushless DC Motor

By Speed:
• Low Speed (Less Than 1,000 rpm)
• Medium Speed (1,001 to 25,000 rpm)
• High Speed (Above 25,000)

By Application:
• Industrial Machinery
• Automotive and Transportation
• HVAC Equipment
• Aerospace and Defense
• Household Appliances

In 2020, the medium segment held the largest share of the market. On the basis of application, the electric DC motor market is segmented into industrial machinery, automotive and transportation, HVAC equipment, aerospace & defense, household appliances, and others. The household appliances segment represented the largest share of the overall market in 2020. On the basis of geography, the electric DC motor market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. In 2020, APAC accounted for the largest share in the global market.

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Disruptions in the supply chain of raw materials have negatively impacted the electric DC motors market in the MEA region. The COVID-19 pandemic has resulted in the discontinuation of many economic operations, causing a significant decrease in demand for new air conditioners, television sets, and refrigerators. This, in turn, has impacted the market for electric DC motors from manufacturers of HVAC systems and consumer electronics. The end-users in the MEA region heavily rely on international suppliers and faced significant supply chain disruptions during the first and second quarters of 2020. However, at the beginning of the third quarter of 2020, the demand for various semiconductor products, including electric DC motors, increased as operations resumed.

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