Global Electric DC Motor Market Overview:
As per MRFR analysis, the Electric DC Motor Market Size was estimated at 153.87 (USD Billion) in 2022. The Electric DC Motor Market Industry is expected to grow from 162.76(USD Billion) in 2023 to 270.0 (USD Billion) by 2032. The Electric DC Motor Market CAGR (growth rate) is expected to be around 5.78% during the forecast period (2024 - 2032).
Key Electric DC Motor Market Trends Highlighted
Electric DC Motor continue to witness rising demand in industries seeking energy efficiency and precision control. Key drivers fueling this growth include the increasing adoption of electric vehicles, growing automation in sectors like manufacturing and logistics, and a push toward sustainable energy solutions.
In recent times, trends like the miniaturization of motors, advancements in brushless DC motor technology, and improvements in power density have significantly enhanced the capabilities of DC motors. These advancements enable them to operate in a wider range of applications, from small-scale robotics to large-scale industrial machinery.
Furthermore, the growing emphasis on energy efficiency and environmental concerns is creating opportunities for manufacturers to explore innovative design approaches and materials that reduce energy consumption and enhance motor lifespan. The integration of DC Motor with sensors, controllers, and power electronics also presents opportunities to optimize performance, improve reliability, and enable predictive maintenance.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric DC Motor Market Drivers
Increasing Adoption of Electric Vehicles
The key driver of growth in the Electric DC Motor market is the increasing popularity of electric vehicles . As governments worldwide continue to impose stricter emissions regulations and consumers realize the greater benefits of using EVs in terms of their environmental friendliness, the demand for electric vehicles is expected to experience massive growth in 2021-2026. Furthermore, electric DC Motor are the machine’s powerful stator, applied for producing an electromagnetic field and facilitating the current flow to the rotor.That is why the accelerating deployment of EVs is likely to encourage the emergence and growth of the Electric DC Motor market. Apart from the growing concern over the state of the environment, the rising cost of fuels is the factor that facilitates the growing popularity of electric vehicles. In 2021, the crude oil price is expected to continue growing amidst the unstable geopolitical situation around the globe, including increased rotations between Russia and neighboring countries, the EU, and the US, and the OPEC members among themselves.Consequently, the price of gasoline is predicted to rise significantly, encouraging the population to seek an efficient alternative to high cost. As compared to gasoline-driven vehicles, electric cars cost fewer to drive per mile, making them a cost-efficient alternative. In addition to the benefits regarding costs and carbon emissions, electric DC Motor are becoming increasingly popular among commercial vehicle producers. Multiple buses, trucks, and delivery vans are nowadays driven by electric DC Motor to help businesses lower their carbon trails and costs.The increasing adoption of EVs drives the electrical DC motor market.
Growing Demand for Industrial Automation
The growing demand for industrial automation is another key driver of growth in the market of electric DC motor. Many industrial automation applications, including robotics, conveyor systems, and automated assembly lines, use electric DC motors. With the advent of modern technologies, manufacturers increasingly adopt industrial automation in order to enhance their operations and, consequently, their labor and operational efficiency. The use of electric DC Motor is integral to industrial automation, as they power the robots and other equipment used at manufacturing plants.One of the factors contributing to the increased demand for industrial automation is the rising cost of labor. With time, the latter continues to grow, which pushes the manufacturers to look for ways to automate their operations in the long run. At the same time, the complexity of manufacturing processes is another factor contributing to the mentioned growth in demand. As manufacturers become able to create more sophisticated technological solutions, they are also compelled to come up with more sophisticated types of automation that would be able to support these manufacturing processes.The electric DC Motor are integral to their processes, as they are able to provide the necessary precision and control to power such complicated automation systems. Therefore, the growing demand for industrial automation is another factor of growth in the Electric DC Motor market.
Government Initiatives and Regulations
Government initiatives and regulations are also playing a significant role in driving the growth of the Electric DC Motor market. Many governments around the world have implemented policies and regulations to promote the adoption of electric vehicles and reduce carbon emissions. These policies and regulations include tax incentives, subsidies, and emissions regulations. For example, the Chinese government has implemented a number of policies to promote the adoption of electric vehicles.These policies include tax incentives, subsidies, and quotas for electric vehicle sales. As a result of these policies, China is now the world's largest market for electric vehicles. In addition to China, other governments around the world are also implementing policies to promote the adoption of electric vehicles. For example, the European Union has set a target of having 30 million electric vehicles on the road by 2030. The United States has also implemented a number of policies to promote the adoption of electric vehicles, including tax incentives and subsidies. These government initiatives and regulations are expected to continue to drive the growth of the Electric DC Motor market.As more and more governments implement policies to promote the adoption of electric vehicles, the demand for electric DC Motor is expected to increase, driving the growth of the market.
Electric DC Motor Market Segment Insights:
Electric DC Motor Market Power Source Insights
The Electric DC Motor Market is segmented based on Power Source into Battery-powered, Fuel Cell-powered, and Solar-powered. In 2023, the Battery-powered Electric DC Motor segment occupies around 62.4% of the revenue. This is due to the rising adoption of electric vehicles and the demand for portable power tools. Moreover, the Fuel Cell-powered Electric DC Motor segment will experience substantial growth during the forecast period as these motors offer high efficiency and null emissions. The market is primed for additional acceleration because of the need for eco-friendly and energy efficient motors.The Asia-Pacific region is presently the largest market for Electric DC Motor and investments will likely continue to grow as both the major countries in the region, China and India, are experiencing an increased demand. The most prominent players in the Electric DC Motor Market include Nidec Corporation, Siemens AG, ABB Ltd., Rockwell Automation, and Emerson Electric Co. These companies are investing significant portions of their revenue in research and development to come up with new products and technologies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric DC Motor Market Application Insights
The segment analysis of the application appeared to be crucial for the forecast of the Electric DC Motor market and the deepen understanding of the diversity in usage of the given types of motors throughout industries. Next to the automotive sector, which is going to remain the leader in the portion of the market’s value for 2023, due to its switch to electric drive and following demand of high-performing and fault-free power supply systems, a significant portion will be taken by industrial applications in manufacturing, automation, and material handling.Consumer application – for instance, power tools, home appliances, and medical equipment – is going to constitute up to a quarter of the market’s whole, which is an effect of the growing usage of portable and eco-friendly electric goods. All in all, the segmentation gives relevant insights into the differences in demands and opportunities for the Electric DC Motor industry.
Electric DC Motor Market Voltage Rating Insights
The Electric DC Motor Market is segmented by voltage rating into low-voltage (below 100V), medium-voltage (100V-1000V), and high-voltage (above 1000V). Among these segments, the low-voltage segment is expected to hold the largest market share in 2023, owing to its wide usage in various applications such as power tools, electric vehicles, and industrial machinery. The medium-voltage segment is projected to witness significant growth during the forecast period, driven by increasing demand from the transportation and energy sectors. The high-voltage segment is anticipated to account for a smaller market share due to its limited applications in specialized industries.Overall, the voltage rating segment provides a comprehensive understanding of the market dynamics and growth potential for electric DC Motor across different voltage ranges.
Electric DC Motor Market Enclosure Type Insights
The market growth is attributed to the increasing demand for energy-efficient motors in various industries and the rising adoption of electric vehicles. Enclosed DC Motor are designed to protect the internal components from external elements such as dust, moisture, and other contaminants. The type of enclosure used depends on the specific application and environment in which the motor will be operated. Open-frame motors have no enclosure and are suitable for applications where the motor is not exposed to harsh conditions. They are typically used in industrial settings, such as fans and pumps.Totally Enclosed Fan-Cooled (TEFC) motors have a fully enclosed housing with a fan to circulate air over the motor's exterior. This type of enclosure provides protection from dust and moisture and is suitable for applications in harsh industrial environments. Totally Enclosed Non-Ventilated (TENV) motors have a fully enclosed housing without any ventilation. This type of enclosure provides the highest level of protection from dust and moisture and is suitable for applications in explosive or hazardous environments. The choice of enclosure type depends on the specific application and environment in which the motor will be operated.Open-frame motors are the most cost-effective option, but they are not suitable for harsh environments. TEFC motors provide a good balance of cost and protection, while TENV motors offer the highest level of protection but are also the most expensive.
Electric DC Motor Market Regional Insights
The regional segmentation of the Electric DC Motor Market showcases distinct growth trajectories across different geographic regions. North America holds a significant market share, driven by the presence of established automotive and industrial sectors. The region is anticipated to maintain its dominance throughout the forecast period, with a market value of 75.613 billion USD in 2023 and 125.275 billion USD in 2032. Europe follows closely, with a robust manufacturing base and growing adoption of electric vehicles, projected to reach 34.809 billion USD in 2023 and 57.884 billion USD in 2032. The Asia-Pacific region exhibits promising growth potential, fueled by rapid industrialization and urbanization in countries like China and India, with expected values of 30.472 billion USD in 2023 and 50.702 billion USD in 2032.South America and the Middle East and Africa (MEA) regions are expected to witness steady growth, supported by government initiatives and infrastructure development, with South America projected to be 13.44 billion USD in 2023 and 21.828 billion USD in 2032, and the Middle East and Africa expected to reach 8.426 billion USD in 2023 and 14.2 billion USD in 2032. Overall, the Electric DC Motor Market is poised for substantial expansion, with each region contributing to its growth trajectory.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric DC Motor Market Key Players And Competitive Insights:
The industry of the Electric DC Motor Market is competitive in many aspects, ranging from a broad diversity of companies in its confines to the number of large and small producers struggling for their share of the market. Some of the most prominent Electric DC Motor Market players are AMETEK, Inc., Johnson Electric Holdings Limited, Mabuchi Motor Co., Ltd., Maxon Motor AG, and Regal Beloit Corporation. To defend their positions in the market, these leading companies have established their worldwide presence. Having developed diverse products and services, these actors have in place well-functioning distribution channels and reputation for being genuinely high-tech. Apart from the impact created by these companies’ views of the competitive aspect of the market, mergers, and acquisitions synergies and joint actions, such as alliances and strategic partnerships, also contribute to the tight competitive scenario.
The most important players within the Electric DC Motor Market are AMETEK, Inc., which develops electric instruments and electro-mechanic devices; the AMETEK’s product range comprises an ample selection of DC Motor designed to cater for the purposes of such industries as aerospace, automotive, medical, and industrial automation. AMETEK’s devotion to research and development makes these motors technologically advanced and allows competing in the local and markets.
A rival company, Johnson Electric Holdings Limited, is based in Hong Kong and specializes in the creation of DC motors, micro motors, and motion control systems. It has numerous production sites spread in over 20 countries, possessing a facility that assures prompt delivery and excellent customer service. Johnson Electric’s due regard for innovation is manifested in its commitment to research and development, which results in the creation of value-added motors and tailored solutions.
Key Companies in the Electric DC Motor Market Include:
- C Technologies
- Danfoss
- Regal Beloit Corporation
- Johnson Electric
- WEG Electric Corp.
- Brook Crompton
- Emerson Electric Co.
- Siemens AG
- Baldor Electric Company
- Littelfuse, Inc.
- Nidec Corporation
- TECO Electric Machinery Co., Ltd.
- Parker Hannifin Corporation
- AMETEK, Inc.
- Kollmorgen Corporation
Electric DC Motor Market Industry Developments
The Electric DC Motor market is anticipated to expand significantly between 2024 and 2032, driven by rising demand for energy-efficient and environmentally friendly motors in various industries. Government regulations promoting the adoption of electric vehicles and increasing investments in renewable energy sources are expected to fuel market growth. Technological advancements, such as the development of high-efficiency motors and compact designs, are further contributing to market expansion. Key players in the market are focusing on strategic partnerships, acquisitions, and product innovation to gain a competitive edge. Recent news in the market includes the launch of new electric DC Motor for electric vehicles by major manufacturers and the establishment of joint ventures to develop and produce advanced motors.
Electric DC Motor Market Segmentation Insights
-
Electric DC Motor Market Power Source Outlook
- Battery-powered
- Fuel Cell-powered
- Solar-powered
-
Electric DC Motor Market Application Outlook
- Automotive
- Industrial
- Consumer
-
Electric DC Motor Market Voltage Rating Outlook
- Low-voltage (below 100V)
- Medium-voltage (100V-1000V)
- High-voltage (above 1000V)
-
Electric DC Motor Market Enclosure Type Outlook
- Open-frame
- Totally Enclosed Fan-Cooled (TEFC)
- Totally Enclosed Non-Ventilated (TENV)
-
Electric DC Motor Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
153.87(USD Billion) |
| Market Size 2023 |
162.76(USD Billion) |
| Market Size 2032 |
270.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.78% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
C Technologies, Danfoss, Regal Beloit Corporation, Johnson Electric, WEG Electric Corp., Brook Crompton, Emerson Electric Co., Siemens AG, Baldor Electric Company, Littelfuse, Inc., Nidec Corporation, TECO Electric Machinery Co., Ltd., Parker Hannifin Corporation, AMETEK, Inc., Kollmorgen Corporation |
| Segments Covered |
Power Source, Application, Voltage Rating, Enclosure Type, Regional |
| Key Market Opportunities |
1 Growing demand for electric vehicles2 Increasing adoption of industrial automation3 Rising popularity of renewable energy sources4 Government incentives for energy efficiency |
| Key Market Dynamics |
Increasing automation, rising demand for energy efficient devices, technological advancements, government regulations, growing industrialization |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Electric DC Motor Market is estimated to be valued at 162.76 Billion USD in 2023.
The Electric DC Motor Market is projected to grow at a CAGR of 5.78% from 2024 to 2032.
The industrial automation segment is expected to account for the largest share of the Electric DC Motor Market in 2023.
Some of the key competitors in the Electric DC Motor Market include Nidec Corporation, Johnson Electric, and Ametek.
Key trends driving the growth of the Electric DC Motor Market include increasing demand for energy-efficient solutions, rising adoption of electric vehicles, and growing automation in industrial processes.
Challenges faced by the Electric DC Motor Market include fluctuating raw material prices, intense competition, and technological advancements.
Opportunities for growth in the Electric DC Motor Market include expanding applications in emerging industries, government initiatives promoting energy efficiency, and increasing demand for customized solutions.
The Electric DC Motor Market is projected to reach a valuation of 270.0 Billion USD by 2032.
The Asia-Pacific region is expected to witness the highest growth rate in the Electric DC Motor Market during the forecast period.
