The global Electric DC Motors Market size is expected to
reach USD 34.25 billion by 2025, at a CAGR of 6.1% according to a new report by
Grand View Research, Inc. These motors are extensively used in compressors,
machine tools, electric cars, and domestic appliances, among others. Major
advantages, such as lesser rotor heat and higher peak efficiency as compared to
other motors, make them suitable for applications in a variety of fields. These
high-efficiency motors are expected to gain importance due to their long
operating life, low maintenance, and low energy consumption.
The increasing global demand for DC motor-driven equipment is
further boosting the market growth. Factors including large-scale adoption in
forklift chemical injection pumps and HVAC applications are estimated to
catapult the prospects for market growth by 2025. Electric DC type have
undergone several advancements over the past few years, owing to which the
current motor demand is expected to gain traction in future.
The market is projected to witness a significant growth over the
forecast period, which is stemmed from the increasing automobile production as
well as the number of motors per car. The market is driven by the rising
manufacturing and purchasing activities in the electric vehicle industry
globally. Improving standards of living and rising income levels are
anticipated to further spur the global production of motor vehicles and
electronic appliances. The growing popularity of vehicle features such as
motorized seats, adjustable mirrors, and sunroof systems is driving demand for
electric DC motors, especially brushless types.
The ever-increasing fuel prices and growing need among consumers
for using cleaner energy have driven demand for electric motors in the recent
years. The use of DC type as the primary component of electric motors is likely
to drive market growth in future. Furthermore, the rising environmental concern
is a key factor expected to spur growth.
The ability of DC type to save energy, along with enhancing the
reliability and operational efficiency of equipment, is expected to result in
their augmented adoption over the forecast period. Furthermore, the growing
awareness of green vehicles among customers coupled with several government
initiatives to promote green vehicles for safeguarding the environment from
carbon emissions are contributing to the market growth. They are expected to
further drive demand for DC type over the forecast period.
HVAC systems are generally implemented in large offices,
corporate spaces, and shopping malls. DC motors are used in HVAC equipment for
the movement of air from one place to another. The rising rate of urbanization
and improved standard of living are likely to lead to the large-scale
implementation of HVAC systems, thereby driving the demand globally.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/electric-dc-motor-market
http://www.grandviewresearch.com/industry-analysis/electric-dc-motor-market
Further key findings from the report suggest:
- The
electric DC motors market was USD 20,196.6 million in 2016 and is expected
to grow at a CAGR of 6.1% over the forecast period, which is primarily
attributed to their increasing application in industrial machinery and
electric vehicles.
- The
brushless segment accounted for a major share in 2016 owing to factors
such as thermal resistance, low maintenance, and low operating
temperatures.
- The
increasing utilization of 0-750W segment in applications such as plastic
extruders, packaging machinery, and conveyors are expected to lead to the
rising demand for the segment by 2025.
- DC
types are widely adopted in the industrial machinery segment, which is
ascribed to features such as robust functioning and safer operations that
they offer across numerous applications.
- The
Asia Pacific region is anticipated to witness growth at a CAGR exceeding
5% over the forecast period, owing to increasing industrialization in the
developing economies of China, India, and Indonesia.
- Key
players such as Ametek Inc., Franklin Electric Co., Asmo Co. Ltd., and ABB
Ltd. dominated the market in 2016 with their emphasis on expanding market
presence through mergers and acquisitions.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment