rising factory automation and use of industrial robots is driving the Direct Current (Dc) Motor Market
Technavio analyzes that the Direct Current (Dc) Motor Market is expected to grow at a CAGR of 12.66% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 25355.1 million.There are various factors that contribute to the growth of the market. The Direct Current (DC) Motor market is experiencing significant growth due to the increasing adoption in factory automation and industrial robotics applications. The rise of automation in manufacturing processes and the integration of advanced robotic systems are key drivers propelling market expansion. DC Motors offer several advantages, including high efficiency, precise speed control, and ease of integration with automation systems, making them a preferred choice for automation applications.
In the realm of powering automated systems, Direct Current (DC) motors have proven to be indispensable solutions for various industries and applications. These motors cater to a diverse range of sectors, including controllers for industrial automation, precision movements in industrial robots, consumer electronics, healthcare equipment, automobiles, and the Internet of Things (IoT). For instance, the Maxon RE 40 DC motor, with a power rating of up to 550 W, is a popular choice for robotics, medical technology, and aerospace applications due to its high torque and compact size. Another noteworthy option is the Faulhaber 2232 SR DC motor, which offers a power rating of up to 460 W and is suitable for automation equipment and scientific research instruments. Both motors provide efficient and reliable power, ensuring seamless operations in their respective applications.
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Direct Current (Dc) Motor Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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The Direct Current (DC) Motor market encompasses various sectors such as appliances, power windows, computer peripherals, discrete industry, HVAC, BLDC motors, powertrain systems, chassis, safety fittings, urbanization, lifestyle, electric vehicles, controllers, industrial robots, consumer electronics, healthcare, automobiles, IoT, artificial intelligence (AI), brushless, energy-efficient motors, and is influenced by the US government. Industries like automobiles, HVAC, and discrete industry are significant consumers, with applications ranging from power windows and chassis to industrial robots and electric vehicles. Urbanization and lifestyle trends drive demand for energy-efficient motors in consumer electronics, IoT, and healthcare. DC motors, particularly brushless and BLDC types, are preferred for their efficiency and reliability in various applications, from controllers in automobiles to safety fittings and powertrain systems in industrial robots. The US government's focus on energy efficiency and electrification initiatives further boosts the market.
The Direct Current (DC) Motor market is a significant segment of the larger electrical components and equipment market. Key industries utilizing DC motors include appliances, power windows, computer peripherals, discrete industry, HVAC, and BLDC motors. The parent market encompasses manufacturers of electrical cables and wires, electrical components, and electrical equipment. According to Technavio, this global market is determined by the consolidated revenue generated from the production of water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Furthermore, rental and leasing of electrical components and equipment to industrial, commercial, and residential sectors are also included in the market size calculation.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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