Electric DC Motors Market Scope, Growth, Size and Share by 2028
Electric DC Motors Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 14965.81 Million |
Market Size by 2031 | US$ 29811.77 Million |
Global CAGR (2023 - 2031) | 9% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Electric DC Motors Market News and Recent Developments
The electric DC motors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the electric DC motors market are listed below:
- Johnson Electric announced the launch of our ECI-040 brushless DC motor platform. This new generation is designed to simplify integration by accepting direct mains AC power through the controller as input. Customers can replace AC motors directly and can also eliminate the need for expensive and large AC-to-DC transformers. (Source: Johnson Electric, Press Release, August 2021)
- Nidec Corporation announced that it has developed a single-phase, low-vibration, and low-cost brushless DC motor that can be installed in an electric fan. Most electric fans used around the world employ low-cost AC (capacitor) motors, which, as a solution for the global increase in energy consumption, should be replaced by high-efficiency brushless DC motors. While three-phase brushless DC motors are excellent in durability, noise level, and controllability, their prices, higher than those of AC motors, have made products that are equipped with the motors expensive, posing an impediment to the ACDC motor replacement. (Source: Nidec Corporation, Press Release, September 2022)
Electric DC Motors Market Report Coverage and Deliverables
The “Electric DC Motors Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Electric DC motors market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Electric DC motors market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- electric DC motors market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the electric DC motors market
- Detailed company profiles