Published Date : Jul 24, 2017
Albany, New York, July 24, 2017: MarketResearchReports.biz announces the addition of a new report to its growing online market intelligence repository. The report describes the global DC motor market in full, providing readers with a clear picture of the dynamic trends within the market and how they are likely to affect individual growth tactics. A detailed segmented view of the global DC motor market is also provided in the report, titled ‘Global D.C Motor Market: Analysis By Excitation System (Brushed, Brushless), By End User (Industrial, Medical Devices, Automotive, Consumer Electronics, Others), By Power Output (Below1HP, 1HP -100HP,100HP - 500HP, > 500HP), By Region, By Country: Opportunities and Forecast (2017-2022).’
The global DC motors market holds firm economic importance due to the widespread use of DC motors in electrical power generation. The DC motors market is further likely to receive growing support due to the rising perimeter of the electric vehicles industry and is thus likely to exhibit steady growth in the coming years.
The major trend propelling the development of the global DC motors market is the rising demand for brushless DC motors in a variety of applications. This is likely to be the key determinant trend in the global DC motors market in the coming years due to the clear performance benefits provided by brushless DC motors over conventional DC motors. Brushless DC motors offer much higher performance efficiency at lower costs than traditional DC motors, making a rise in their demand likely in the coming years. Players who focus on making the most of the brushless DC motors sector are thus likely to emerge with dominant shares in the global DC motors market in the coming years.
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The prime driver for the growing production of brushless DC motors is the rising demand for electric vehicles in personal transportation as well as in a variety of other commercial and commuter transportation avenues. Rising awareness regarding the environmental and pricing benefits of electric vehicles over conventionally powered vehicles has led to growing popular demand as well as government support for the production of electric vehicles. Consistent development is likely to lead to stable commercialization of the electric vehicles sector in the coming years, providing a steady demand outlet for the global DC motors market.
The medical devices sector is likely to be a key consumer in the global DC motors market in the coming years. Due to the silent and highly efficient performance provided by brushless DC motors, an increasing number of medical devices manufacturers are likely to incorporate brushless DC motors in their products, leading to steady growth of the global DC motors market. The rising public as well as private investment in the healthcare sector in developing economies is thus likely to be a key driver for the global DC motors market in the coming years.
Accordingly, Asia Pacific accounted for the dominant share in the global DC motors market in 2016 and is likely to retain a steady lead over the 2017-2022 forecast period due to the steady growth of the automotive industry in several Pacific Rim countries in the recent past.
Key companies in the global DC motors market include Siemens, Franklin Electric, ABB, Rockwell Automation, Faulhaber Group, Emerson Electric, Allied Motion Technologies, ARC Systems Inc., and Johnson Electric Holdings Ltd.
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