Electric DC Motors Market Is Expected To Propel Growth Based on Increasing Automobile Production And Number of Motors Per Car Till 2025 | Million Insights

Electric DC Motors Market Is Expected To Propel Growth Based on Increasing Automobile Production And Number of Motors Per Car Till 2025 | Million Insights

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According to new report available with Million Insights, the global electric DC motor industry is predicted to grow at a CAGR of 6.1% in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

Global Electric DC Motors Market is predicted to reach USD 34.25 billion by 2025 owing to the extensive use of electric motors in machines, electric cars, compressors, domestic appliances, etc. A DC motor is an electric motor that operates on DC (direct current) power and whose operation is based on electromagnetism.

The current carrying conductor generates a magnetic field that is positioned in the external magnetic field. Electronic DC motor is a device that converts electrical energy to mechanical energy. The current carrying conductor is positioned on a magnetic field that stimulates a force causing the mechanical device to rotate.

Major characteristics of electric DC motor like low maintenance, long operating life and low energy consumption are expected to stimulate the demand of electric DC motors. Owing to these features along with higher efficiency, electric DC motors market is expected to grow at a CAGR of 6.1% in the coming years.

Full Research Report On Global Electric DC Motors Market Analysis available at: https://www.millioninsights.com/industry-reports/electric-dc-motors-market

The increase in automobile production and number of motors per car are altogether projected to boost the market in the years to come. Electric DC motors industry is also driven by the increasing manufacturing and purchasing activities in the industry worldwide. Improving living standards and rising income levels are estimated to spur the production of electronic appliances and motor vehicles. The increase in popularity of automobile features like adjustable mirrors, sunroof systems, motorized seats are driving the demand for electric DC motors.

The mounting fuel prices and rising need among consumers for using cleaner energy have stimulated the demand for electric motors in the past years. The use of DC type, as an essential of electric motors is predicted to fuel the electric DC motors industry in the forecast period. The automobile industries are making huge investments to cater to strict pollution standards due to which the market is predicted to grow exponentially.

The strict regulations concerning reduction of CO2 emissions is all set to impact the growth of electric DC motors market positively. The original equipment manufacturers (OEMs)are forced to reduce their fleet emissions that will bring challenge along with ICE optimization. Accomplishing these targets after some years will require electrification, which again encourages the demand for electric DC motors.

However, the supply chain and operational issues may give rise to challenges for the industry players. The issues may comprise difference in expectations of manufacturer & consumer regarding service quality and product delivery mismanagement. Probability of product failure because of overheating and low resistance is yet another restraint to the growth of the market.

Electric DC motors industry is categorized on the basis of type, voltage, end-use and geography. On the basis of type, the market is divided into Brushless DC Motor and Brushed DC Motor. In terms of Voltage, the market is classified into 3 kW – 75 kW, 750 Watts – 3 kW, 0 – 750 Watts, Above 75 kW. On the basis of End-Use, the market is divided into Motor Vehicles, Aerospace & Transportation, Household Appliances, Industrial Machinery, and HVAC Equipment.

Geographically, electric DC motors market is segmented as North America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is predicted to dominate market in future due to the continuous growth in agriculture sector and rapid industrialization in several regions.

The major participants in electric DC motors industry are ABB Ltd., Siemens AG, Nidec Corporation, Denso Corporation, General Electric Company, Allied Motion Technologies, Inc., Ametek, Inc., Arc System, Inc., Baldor Electric Company, Bosch Group, Emerson Electric Co., Hitachi Ltd., Johnson Electric Holdings Ltd., Regal Beloit Corporation, Rockwell Automation, Toshiba International Corporation, and WEG.

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Market Segment:

Electric DC Motors Type Outlook (Revenue, USD Million, 2014 – 2025)
    • Brushed DC Motors
    • Brushless DC Motors

Electric DC Motors Voltage Outlook (Revenue, USD Million; 2014 – 2025)
    • 0 – 750 Watts
    • 750 Watts – 3 kW
    • 3 kW – 75 kW
    • Above 75 kW

Electric DC Motors End-Use Outlook (Revenue, USD Million; 2014 – 2025)
    • Industrial Machinery
    • Motor Vehicles
    • HVAC Equipment
    • Aerospace & Transportation
    • Household Appliances
    • Others

Electric DC Motors Regional Outlook (Revenue, USD Million; 2014 – 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • UK
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/consumer-electronics

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