Press release
Brush DC Motors Market expected to hit USD 9.20 Billion by 2030
The Brush DC Motors Market is witnessing substantial growth, owing to technological advancements, increasing automation across various applications and rising demand for electric vehicles (EVs). As per detailed research carried out by Maximize Market research, the market size is expected to be USD 9.20 billion by 2030, at a CAGR of 5.3% over the forecast period.Request Sample Link For More Details: https://www.maximizemarketresearch.com/request-sample/71704/
Market size, Growth factors and Opportunities
The Brush DC Motors market was valued at USD 6.41 billion in 2023 and is expected to reach USD 9.20 billion by 2030, growing at a CAGR of 5.23% during the forecast period. This growth is supported by several key drivers:
Technological Development: Examples of brushless DC motors continue to improve in efficiency, reliability and performance, making them essential to many applications from automotive systems to industrial machinery.
Adoption of Automation: Industries around the world are extensively leveraging automation in order to increase productivity and reduce operational costs. One of the key applications of Brush DC Motors are in automated systems which is driving demand in the market.
Need for EV Adoption: The movement towards sustainable transportation attracted an increase in sales of all types of EVs. The market is being driven by the use of Brush DC Motors in multiple automotive applications such as power windows, seats and propulsion systems.
Consumer Electronics Amplification: The increasing number of consumer electronics including laptops, smartphones, and home appliances grows the need for compact and effective Brush DC Motors leading to market growth.
Trends and Investments in the U.S. Market in 2024
Here is the report by The United States Brush DC Motors Market: Over the next decade, the Brush DC Motors in the United States markets is likely to benefit from several developments, with a strong regional standpoint in the year 2024.
Expansion of Renewable Energy: Federal and private investments in renewable energy, emphasizing wind and solar power projects. This increased demand makes it an integral part in applications like brush DC motors.
Electric Mobility: Automotive giants like Tesla and General Motors added to their offerings of electric vehicles. The rapid production of the EVs needed high-performance Brush DC Motors, which helped created the new market.
Technological Developments: For example, AMETEK, Inc. launches advanced Brush DC Motors in 2023, which offer better efficiency and lifetime to meet the growing demand from various industries.
Get to Know More About This Market Study: https://www.maximizemarketresearch.com/market-report/global-brush-dc-motors-market/71704/
Market Segmentation and Segment with Higher Dominance
Market by type, end-user, and sales channel of Brush DC Motors
By Type:
Series Wound Brush DC Motors high starting torque well suited for variable speed applications
Permanent Magnet Brush DC Motors These motors provide high efficiency and a compact size, making them popular among automotive and consumer electronic devices.
Type 1: Shunt Wound Brush DC Motors; Speed is constant, Suitable for industrial applications
Compound Wound Brush DC Motors: These motors are a combination of series and shunt motors and are used in selected operations which need a high starting torque with a constant speed during operation.
Permanent Magnet Brush DC Motors are biggest share in all, due to their efficiency, compact design, and so on making to loop automotive and consumer electronics.
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Competitive Analysis
The Brush DC Motors market is consolidated because of the availability of the key players as mentioned below:
AMETEK, Inc.: As a leader in the manufacture of electronic instruments and electromechanical devices, AMETEK was one of the firsts to introduce Brush DC Motors with better performance benchmarks. The company poured funds into advanced materials for improved motor efficiency and lifespan in 2024.
Nidec Corporation: Known for their precision motors, the company broadened its Brush DC Motor lineup for 2024 and planned to have energy-efficient variants aimed at automotive. They also made investments in smart manufacturing technologies to optimize production.
ABB Ltd.: As a front runner in power and automation technologies, ABB has incorporated digitalization in its Brush DC Motors with smart motors equipped with IoT capabilities. ABB had announced investments to make its motor manufacturing processes more sustainable to curb the carbon footprint of its motor production in 2024.
Siemens AG: Siemens has manufactured Brush DC Motors integrated with control systems over the decades. In 2024, the company partnered with automotive manufacturers to design specialized motor solutions to meet the needs of electric vehicles.
Johnson Electric Holdings Limited: Johnson Electric focuses on motion subsystems and brush DC motors with noise reduction capabilities in 2024 for consumer electronics verge case. It also went on to invest significantly in its production facilities in Asia, where demand was seen to be growing.
Regional Analysis
Request a Sample Copy of the Report Methodology: Regional analysis of Brush DC Motors market is as follows:
United States: The U.S. accounts for a major chunk of the market driven by the pro-renewable energy policies and electric mobility initiatives undertaken by the U.S. government. The demand for Brush DC Motors has also been supported due to investments in infrastructure and technological advancements.
United Kingdom: With the UK declaring its focus on achieving net-zero carbon emissions by 2050, from infrastructure development and electric vehicle adoption to renewable energy projects, something like Brush DC Motors are in higher demand. Government incentives for green technologies have always been a critical factor as well.
Germany: Being a home for automotive manufacturing, Germany is strongly impelling the electric mobility, which in turn is promoting the Brush DC Motors market. Additionally, the supportive initiatives announced by the respective Governments towards Industry 4.0 have further augmented automation, which in turn is expected the demand more from motors.
France: The focus of France on sustainable energy solutions and smart city projects, has opened up multiple applications for Brush DC Motors from public transport and electric vehicles to industrial automation.
Japan: Being a techno-driven nation, Japan has seen all these years a rise in robotics and automation which has ultimately raised the demand for precise Brush DC Motors. In addition, the set of policies emphasizing electric vehicles in the country has also contributed to the expansion of the market.
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