Report : Asia Pacific Electric DC Motor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Brushed DC Motors and Brushless DC Motors), Speed (Low, Medium, and High), and Application (Industrial Machinery, Automotive &Transportation, HVAC Equipment, Aerospace & Defense, Household Appliances, and Others)
Brushless DC Motors Segment has the Largest Share of Type in the Asia Pacific Electric DC Motor Market during 2021–2028
According to our latest study on “Asia Pacific Electric DC Motor Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, Speed and Application,” the market is projected to reach US$ 5,262.70 million by 2028 from US$ 10,331.24 million in 2021; it is expected to grow at a CAGR of 10.1% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the increasing demand for HVAC systems and rising adoption of brushless dc motor. However, low-quality and inexpensive electric dc motors hamper the market growth.
Based on type, the electric dc motor market is segmented into brushed dc motors and brushless dc motors. In 2020, brushless dc motors segment accounted for the highest share of the market in the forecasted period. Moreover the brushless dc motors segment registered the highest CAGR of 11.2% during the forecast period. . The brushless DC is a synchronous motor is similar to a permanent magnet synchronous motor, however it can also be a switched reluctance motor, or an induction motor. Advantages such as high power-to-weight ratio, high efficiency, nearly instantaneous control of speed (rpm) and torque, high speed, and low maintenance over the conventional brushed DC motors has led to the higher adoption rate of brushless DC motors.
ABB Ltd, AMETEK Inc., Yaskawa Electric Corporation, Johnson Electric Holdings Limited, Nidec Corporation, Siemens AG, Allied Motion Technologies Inc., MinebeaMitsumi, Inc., Maxon Motors AG, Regal Rexnord Corporation are among the leading companies in the Asia Pacific electric dc motor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for electric dc motor market is segmented into type, and application. Based on type, the Asia Pacific electric dc motor market is segmented into brushed dc motors and brushless dc motors. Based on speed, the Asia Pacific electric dc motor market is segmented into low, medium, and high .Based on application, the Asia Pacific electric dc motor market is segmented into industrial machinery, automotive and transportation, HVAC equipment, aerospace & defense, household appliances, and others. Geographically, the electric dc motor market is segmented into Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of APAC).
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