DC Motor Control Devices Market Size & Share, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global DC Motor Control Devices Market


The global DC Motor Control Devices market size is projected to reach US$ 1254.32 million by 2026, from US$ 874.3 million in 2020, at a CAGR of 6.2% during 2021-2026.The primary trend expected to drive demand is increased competitiveness of markets that incorporate electric motors, such as industrial, automotive, and aerospace. This factor is also leading to consideration of new control strategies, requirement for energy-efficient motors, and need for cost-effective motor control devices.

Numerous key players are engaged in developing an integrated motor drive technology that offers several benefits such as cost-effectiveness, increased efficiency, and compactness. These advancements are expected to further drive product demand. Additionally, rising demand for electric vehicles and implementation of stringent government regulations pertaining to use of energy-efficient products are expected to bolster market growth over the forecast period.

Brushless DC motors offer dynamic performance and are expected to gradually replace stepper motors and conventional DC motors in various applications. Growing adoption of these variants by end-use industries such asautomotive, aerospace and defense, and healthcare is also expected to positively impact market growth. In addition to this, the ongoing trend of using direct-drive and servo motors in appliances, e-mobility applications, and Automated Guided Vehicles (AGVs) is expected to play a significant role in instigating product demand.

One of the challenges hindering growth prospects is uptake of AC drives that are leveraging advancements in control and power conversion techniques and are gradually gaining more prominence. However, this is a relatively moderate challenge as DC drives have been deployed across several industries and their complete replacement by AC motors is not expected to happen anytime soon.

Market Segmentation, Outlook & Viewpoint: Global DC Motor Control Devices Market

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Consumer Electronics

  
Smart Motorized Devices
  
High End Toys
  
Social Robots
  
Others

Automotive & Transportation

  
Marine Outboard Motors
  
Others

Industrial

  
ATM Machines
  
Pan Tilt Zoom Cameras
  
Water Pump
  
Actuators & Other Robotic Devices
  
Others

Medical Devices

  
CPAC Machines
  
Oxygen Concentrator Machines
  
Breast Pumps
  
Electronic Spoons
  
Others

Others

Key Players, Recent Developments & Regional Insights: Global DC Motor Control Devices Market

The consumer electronics segment accounted for a major share in 2018 and is expected to continue its dominance in the DC motor control devices market over the forecast period. This can be attributed to increasing technological advancements and growing awareness regarding energy conservation among the population. Additionally, rising demand for compact and portable devices for vacuum cleaners and fans, HVAC, digital storage devices, and home appliances is expected to create additional revenue for market players over the forecast period.

The medical devices segment is expected to grow at a steady pace over the forecast period. Unprecedented advances in technology, coupled with retirement of baby boomers, have created growth potential for companies supplying components for medical applications. This marketplace is characterized by production of various devices, ranging from breast pumps to fitness equipment, and is expected to provide high growth avenues for market players.

Regional Insights

In 2018, the North America market accounted for more than 25.0% of the overall revenue and is anticipated to exhibit a considerable CAGR over the forecast years. The regions growth can be attributed to shift in customer preference toward smart solutions that have resulted in improved motor designs. Automation and an uptick in disposable medical devices are also driving demand for affordable and miniature motors in U.S. and Canada. This is expected to catapult regional growth in the coming years.

The Asia Pacific market is expected to exhibit a CAGR of over 7.0% over the forecast period. Increasing government investments in manufacturing electric vehicles and controlling fuel emissions is anticipated to boost market growth in the region over the forecast period. Moreover, rising penetration of DC motor control devices in various applications, including consumer electronics, electric vehicles, and medical devices, is anticipated to drive the market in Asia Pacific.

DC Motor Control Devices Market Share Insights

Prominent players in the market include ABB, Eaton Corporation Plc, General Electric, and OMRON Corporation. These key players are aggressively investing in research and development of DC type controllers in order to introduce compact products. Efforts are also being made to develop electric DC motors with integrated speed controllers to efficiently cater to end-users requirements.

Furthermore, various companies are have been undertaking mergers and acquisitions as well as introducing novel technologies to gain a competitive edge in the market. For instance, in September 2017, ABB announced the acquisition of GE Industrial Solutions. This acquisition strengthened ABBs global position in the electrification market and expanded its reach in North America.

Key Insights Covered: Global DC Motor Control Devices Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of DC Motor Control Devices industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of DC Motor Control Devices industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of DC Motor Control Devices industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of DC Motor Control Devices industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of DC Motor Control Devices industry.

Research Methodology: Global DC Motor Control Devices Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other