DC Motor Control Devices Market Analysis Report By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global DC motor control devices market size was accounted for USD 775.2 million in 2018. It is projected to grow at the CAGR of 6.2% over the forecasted period, 2019 to 2025. Increasing competitiveness in the market owing to the incorporation of electric motors in aerospace, automotive, and industrial application is expected to boost the market growth. In addition, cost-effectiveness, and energy-efficient benefits are projected to contribute to the market growth.

Several key players focus on enhancing motor drive technologies with improved efficiency, and cost-effectiveness. Furthermore, increasing demand for electric vehicles (EVs) under government regulations is projected to bolster the market growth. Brushless DC motor provides high performance and thus is now replacing conventional DC motors and stepper motors. Additionally, the rising adoption of this motor across industries like healthcare, aerospace, and automotive industries is expected to fuel market growth. Moreover, the growing trend of servo and direct motors in e-mobility, automated guided vehicles is anticipated to foster market growth. Increasing the application of AC drives with a power conversion solution is restraining market growth. However, this trend represents a moderate challenge since DC drives are utilized across large industries.

Application Insights

In 2018, the consumer electronics application segment held the largest market share in the DC motor control device market segmented by application. This growth is attributed to technological advancements and rising awareness about energy conservation. In addition, the growing demand for compact devices in HVAC, vacuum cleaners, and home appliances is anticipated to bolster the demand for DC motor devices.

The medical devices applications segment is projected to grow at a significant rate of CAGR from 2019 to 2025. Technological development along with baby boomers is expected to create ample growth. Additionally, the high production of fitness equipment and breast pumps is also projected to foster market growth.

Regional Insights

In 2018, North America led the market with the highest market share of over 25.0% in the overall market. This growth is supported by changing consumer preferences for smart solutions with enhanced motor designs. In the U.S. rising automation and medical devices, applications are boosting the demand for miniature motors.

Asia Pacific is projected to grow at a CAGR of more than 7.0% during the forecasted period. Governments across the globe are investing in the manufacturing of electric vehicles (EVs) with a focus on reducing fuel emissions. In addition, the growing penetration of DC motor controlling devices in medical devices, EVs, and consumer electronics is expected to fuel demand. All these above-mentioned factors are expected to proliferate the market growth.

Impact of COVID-19 Insights

The COVID-19 pandemic has negatively impacted the global DC motor control devices market. The global supply chain of electrical devices has been interrupted due to large-scale disruption including container shipping and airfreight services. Several manufacturers are facing challenges due to a lack of raw material availability. For example, OMRON Corporation has suffered big impacts in their supply chain logistics owing to a reduction in delivery reliability and route frequency. The company has restarted its medical device factory in Italy with ease down in lockdown restrictions.

Thus, the market is expected to grow at a steady rate with several manufacturers have started re-opening their facilities under government regulations in Europe, Middle East markets.

DC Motor Control Device Market Share Insights

Key players focus on investing in R&D activities to produce compact devices, developing speed controllers for electric DC motors.

The companies in the market engage in strategic acquisitions, new product development, and collaborations to remain competent in the market. For example, in 2017, ABB has acquired GE industrial solution to expand its product portfolio. Key players in the industry are:

• ABB
• Eaton Corporation Plc
• OMRON Corporation
• General Electric

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global DC motor control devices market report on the basis of application and region:

• Application 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

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa