Global DC Motor Control Devices Market by Application (Consumer Electronics, Automotive, Industrial, Medical Devices) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global market for DC motor control devices was worth USD 775.2 millions. It is projected to grow at 6.2% compound annual growth rate (CAGR), from 2019 to 2025. The main trend that will drive demand is the increased competition in markets that include electric motors such as aerospace, automotive, and industrial. This is leading to the consideration of new control strategies, the demand for energy-efficient motors and the need for low-cost motor control devices.

Many key players are involved in the development of an integrated motor drive technology. This technology offers many benefits, including cost-effectiveness and increased efficiency. These innovations are expected to drive product demand. Market growth is expected to be boosted by rising demand for electrical vehicles, and strict government regulations regarding the use of energy efficient products.

Brushless DC motors are dynamic and will gradually replace conventional DC motors and stepper motors in many applications. These motors are expected to be adopted by many end-use industries, including healthcare, aerospace, defense, and defense. The market will also benefit from the continued use of servo and direct-drive motors in appliances and e-mobility applications as well as Automated Guided Vehicles, (AGVs), which is expected to increase product demand.

AC drives are slowly gaining in popularity and are one of the obstacles to growth prospects. They are using advances in control and power conversion techniques, and this is one of the main challenges. This is a moderate problem as DC drives are used in many industries, so their replacement by AC motors will not be happening anytime soon.

Application Insights

In 2018, the consumer electronics segment held a significant share and will continue to dominate the market for DC motor control devices over the forecast period. This is due to technological advances and growing awareness of energy conservation. Market players will also see an increase in demand for portable vacuum cleaners, fans, HVAC, digital storage devices, home appliances, and other small and lightweight devices over the forecast period.

Over the forecast period, the medical device segment is expected to expand at a steady rate. Companies that supply components for medical applications have the potential to grow due to unprecedented technological advances and the retirement of baby boomers. This market is known for producing a variety of devices, from breast pumps to fitness gear, and it is expected to offer high growth opportunities for market players.

Regional Insights

The North American market was responsible for over 25% of total revenue in 2018 and is expected to grow at a significant CAGR over the next few years. This region's rapid growth is due to customer preference for smart solutions, which have led to improved motor designs. In the U.S., and Canada, automation and a rise in disposable medical devices are driving demand for small and affordable motors. This will drive regional growth over the next few years.

Over the forecast period, the Asia Pacific market will experience a CAGR exceeding 7.0%. The region's market growth is expected to be boosted by government investments in electric vehicles manufacturing and reducing fuel emissions. The Asia Pacific market is expected to grow due to the increasing use of DC motor control devices in many applications, including electric vehicles and medical devices.

Market Share Insights & Key Companies

To introduce compact products, the major players are investing heavily in research and development for DC type controllers. To meet the needs of end-users, electric DC motors are being developed with integrated speed controllers.

Many companies have also been pursuing mergers and acquisitions, as well as developing new technologies to increase their market share. ABB, for example, announced in September 2017 the acquisition of GE Industrial Solutions. This acquisition strengthened ABB’s global position in electrification and increased its reach in North America. The following are some of the most prominent players in the DC motor controller market:

• ABB

• Eaton Corporation Plc

• General Electric

• OMRON Corporation

Up Market Research published a new report titled “DC Motor Control Devices Market research report which is segmented by Application (Consumer Electronics, Automotive, Industrial, Medical Devices), By Players/Companies General Electric, ABB, Eaton Corporation Plc, OMRON Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global DC Motor Control Devices Market Report Segments:

The market is segmented by Application (Consumer Electronics, Automotive, Industrial, Medical Devices).

DC Motor Control Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the DC Motor Control Devices Market

Overview of the regional outlook of the DC Motor Control Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The DC Motor Control Devices Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of DC Motor Control Devices Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Consumer Electronics

                2. Automotive

                3. Industrial

                4. Medical Devices

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the DC Motor Control Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the DC Motor Control Devices Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.