Press release
Electric DC Motor Market Global market Research Report Includes COVID 19 Analysis, Share, Research, Business Growth and Forecast to 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.
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Analysis of the Top Market Players:
1. ABB
2. Allied Motion Inc.
3. Ametek Inc
4. Yaskawa Electric Corp
5. Minebeamitsumi Inc.
6. Johnson Electric Holdings Limited
7. Maxon Motor AG
8. NIDEC Corporation
9. Regal Rexnord Corporation
10. Siemens AG
In this report, the market has been segmented on the basis of:
Type (Brushed DC Motors and Brushless DC Motors)
Speed (Low, Medium, and High)
Application (Industrial Machinery, Automotive and Transportation, HVAC Equipment, Aerospace & Defense, Household Appliances, and Others)
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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. 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.
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