Electric DC Motors Market

Electric DC Motors Market Size, Share, Growth Analysis, By Type(Brushed DC Motor, Brushless DC Motor), By Voltage(0 - 750 Watts, 750 Watts - 3 kW), By End-Use(Industrial Machinery, Motor Vehicles), By Region(North America, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG20D2087 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Electric DC Motors Market Insights

Market Overview:

In 2016, the global electric DC motors market was valued at USD 20,196.6 million. Their increasing use in electric vehicles is expected to be the primary driver of market growth throughout the forecast period. DC motors are used in a wide range of industrial machinery applications, from handheld instruments to material transportation devices.

Electric DC Motors Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electrical Components & Equipment by segment aggregation, the contribution of the Electrical Components & Equipment in Capital Goods and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Electric DC Motors was estimated to be valued at US$ XX Mn in 2021.

The Electric DC Motors Market is estimated to grow at a CAGR of XX% by 2028.

The Electric DC Motors Market is segmented on the basis of Type, Voltage, End-Use, Region.

Based on region, the Electric DC Motors Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Electric DC Motors Market are Ametek Inc., Franklin Electric Co., Asmo Co. Ltd..

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Electric DC Motors Market

Product ID: UCMIG20D2087

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