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The global electric DC motors market attained a value of about USD 30.91 billion in 2023. The market is further expected to grow at a CAGR of 6.8% during the forecast period of 2024-2032 to reach nearly USD 55.68 billion by 2032.
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The global market for electric DC motors is being driven by the deployment of electric DC motors in various end use sectors owing to the adoption of industrial automation. The increasing adoption of 4.0 technologies such as Industrial Internet of Things (IIoT), logistics automation, and robotics, among other technologies, are propelling the market growth of electric DC motors in industrial applications. Furthermore, electric DC motors generate robust market demand from industrial applications that require speed adjustments and low-speed torque.
In addition to this, DC motors are easy to install and have low maintenance costs, which is another factor contributing to the market growth of electric DC motors. The rising innovations in product designs and the constant innovations in technology is transforming the industrial sector towards a more mechanical mode of operations, hence positively influencing the market growth of electric DC motors.
Based on type, the brushless type of DC motors is the fastest revenue-generating motor owing to properties like low noise level, high torque, energy-saving, and enhanced operational efficiency. In addition, brushless DC motors find various applications in domestic use electronic appliances, including hairdryers and vacuum cleaners, which is further accelerating the overall growth of the market. In addition, brushless DC motors find applications in the automotive and electronic industry, hence furthering the overall market growth of electric DC motors.
An electric DC motor can be defined as an electric rotary machine that converts electric energy into mechanical energy and is driven on a direct current to produce mechanical power.
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On the basis of type, the market can be divided into:
Based on voltage, the market can be segmented into:
The market, based on end use, can be categorised into:
The EMR report looks into the regional markets of electric DC motors like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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The growth in the global market for electric DC motors can be attributed to the rising developmental projects in emerging economies where HVAC equipment are installed. Electric DC motors are widely used in heating, ventilation, and air conditioning systems to achieve high efficiency in ventilation and to maximise the life and power of HVAC systems. Owing to a rapid increase in commercial and residential construction projects owing to industrialisation and urbanisation in countries like India and China, the demand for HVAC systems in the Asia Pacific region is driving the market growth of electric DC motors.
Furthermore, with rising pollution levels in the region, government measures advocating the adoption of energy-efficient HVAC systems is further stimulating the market growth of electric DC motors. Moreover, owing to rising concerns regarding depletion of natural resources due to overconsumption of fossil fuels, electric DC motors provide cleaner consumption and aids in cutting down energy costs, which is further bolstering the market growth of electric DC motors.
The report presents a detailed analysis of the following key players in the global electric DC motors market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Voltage |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Electric DC Motors Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global electric DC motors market attained a value of nearly USD 30.91 billion in 2023.
The market is projected to grow at a CAGR of 6.8% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 55.68 billion by 2032.
The major market drivers include the growing deployment of brushless DC motors in various industry vehicles and the increasing automation in the industrial sector.
The rising deployment of HVAC systems and the growing adoption of electric DC motors to cut down energy costs are the key trends guiding the market growth.
The major regional markets for electric DC motors are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The major types of electric DC motors are brushed DC motors and brushless DC motors.
The various segments based on voltage of electric DC motors included in the market report are 0-750 Watts, 750 Watts – 3KW, 3KW – 75KW, and above 75KW.
The significant end uses of electric DC motors are industrial machinery, motor vehicles, HVAC equipment, aerospace and transportation, and household appliances, among others.
The major players in the market are AMETEK, Inc., Allied Motion Technologies, Inc., ABB Motors and Mechanical Inc., Siemens Ltd., and Johnson Electric Holdings Ltd., among others.
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+91-858-608-1494
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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