Global Electric DC Motor Market is accounted for approximately XX USD billion in 2018 and is expected to reach 41.32 USD billion by 2026 growing at a CAGR of XX% between 2019 and 2026.
Increasing usage of brushless DC motors in wide range of applications in various industries, increase in demand for electric vehicles from developing countries, rising demand for HVAC applications and growing robotics technology are some of the key factors influencing the market growth. However, factors such as high price and lack of adequate skilled personnel are restricting the market growth.
Based on type, the Electric DC Motor market has been segmented into Brushed, Brushless. Furthermore, by application, the Electric DC Motor market has been bifurcated into Industrial Machinery, Motor Vehicles, HVAC Equipment, and Others. The Brushless segment type is expected to value for a major market share with XX% in 2018. However, Industrial Machinery is anticipated to exhibit the largest market share with XX% in 2018.
Geographically, global Electric DC Motor market has been segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Among all, Asia Pacific leads the global Electric DC Motor market with XX% market share in 2018. The growth of the market in this region is primarily driven by increased construction activities and rapid economic development.
The report further offers detailed competitive analysis of the top key players that are trending in the market. The list of the players that are featured in the report are Ametek, Inc., Allied Motion Technologies, Inc., Baldor Electric Company, Inc., Siemens, Johnson Electric Holdings Ltd., Rockwell Automation, Inc., Franklin Electric Co., Inc., and Asmo Co., Ltd.
The Global Electric DC Motor Market Segmentation:
Global Electric DC Motor Market: Type Analysis
Global Electric DC Motor Market: Application Analysis
• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
Global Electric DC Motor Market: Regional Analysis
• North America (U.S., Canada, Mexico)
• Europe (U.K., France, Germany, Spain, Italy and Rest Of Europe)
• Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
• Latin America (Brazil, Argentina, Colombia and Rest of L.A.)
• Middle East And Africa (Turkey, GCC, UAE and South Africa Rest of Middle East)