Direct Current (DC) Motor Market Size

Direct Current (DC) Motor Market Analysis

The Direct Current Motor Market size is estimated at USD 535.57 million in 2024, and is expected to decline to USD 508.24 million by 2029.

Increasing industrial automation also drives the demand for DC motors as it plays a vital role in automated systems by providing precise control and reliable performance. Labor shortages in emerging countries are leading to the adoption of robotics in the manufacturing industry, which is also creating demand for different types of DC motors, such as shunt motors, separately excited motors, compound motors, etc.

• In automobiles, DC motors are widely used in systems for wiper motors, power seat motors, power window motors, and HVAC systems. Additionally, Growing adoption of electric vehicles is expected to support the market growth during the forecast period. The automotive sector has witnessed a significant increase in the number of daily units produced over the years.
• Owing to the rising importance of occupational safety in the global regions, the government has mandated quality air management as industries such as oil & gas, mining, power generation, chemicals, and petrochemicals often involve harsh and explosive atmospheres. Thus, HVAC systems aid in creating a safe working environment by managing and controlling air circulation. With HVAC systems turning out to be an integral part of the industrial sector, DC motors are also able to create a generous demand as they are used in HVAC systems’ blower motors, variable speed drives, and AHUs to achieve high efficiency in airflow systems along with in maximizing their lives.
• The automotive industry has rapidly introduced pollution-free vehicles such as electric vehicles (EVs). The development and improvement of the EV to replace the conventional vehicle become crucial to obtaining customer satisfaction and high technology achievements. As per IEA, electric vehicles are one of the driving forces in the new global energy economy that is rapidly emerging, and they are bringing about a historic transformation of the car manufacturing industry worldwide.
• There are several obstacles that are preventing the widespread use of DC motors. The main challenges revolve around the associated expenses, including energy costs, maintenance costs, and initial purchase costs. This is because the wound rotor and commutator of a DC motor are quite a bit more complicated than the rotor of an induction motor. It is made out of copper and iron rather than aluminum and iron. The heavier rotor of the DC motor may require more expensive bearings.
• A notable impact of the global outbreak of COVID-19 has been observed on the market as various containment measures taken by governments across multiple countries, such as the implementation of lockdown, significantly impacted the growth of the industrial sector. As a result, a slowdown was witnessed in the studied market, especially during the initial phase, due to supply chain issues. However, with significant end-user industries resuming operations at total capacity, the demand for smart AC motors is anticipated to grow post-COVID.