Direct Current (DC) Motor Market Share

Market Share of Direct Current (DC) Motor Industry

The Direct Current (DC) motor market is fragemented and is witnessing rising competitiveness among companies. The market consists of major players, such as ABB Ltd., AMETEK Inc. (Dunkermotoren GmbH)., Johnson Electric Holdings Limited, Nidec Corporation, and Siemens AG. In terms of market share, these significant players currently dominate the market. However, with increasing technology innovations, many companies are increasing their market presence by securing new contracts and tapping new markets.

• December 2023 - Franklin Electric Co. Inc. announced that it has acquired the assets of Action Manufacturing & Supply Inc. This acquisition helps the company strengthen and expand its channels and products for water treatment in key geographic areas.
• July 2023 - Nidec Corporation announced that it has acquired full ownership of TAR, LLC d/b/a Houma Armature Works, which is a service partner that remanufactures motors and generators and provides field service to oil and gas producers operating out of Louisiana and Texas. Through this acquisition, NMC will be able to enhance its service offering, including expanding its share within its own US installed base. Houma will be able to provide services to NMC’s customers.

Direct Current (DC) Motor Market Leaders

1. ABB Ltd

2. AMETEK Inc. (Dunkermotoren GmbH)

3. Johnson Electric Holdings Limited

4. Nidec Corporation

5. Siemens AG

*Disclaimer: Major Players sorted in no particular order