PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423614
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423614
DC Motor Control Devices Market Forecasts to 2030 - Global Analysis By Type, Power Rating, Technology, Application, and By Geography
According to Stratistics MRC, the Global DC Motor Control Devices Market is accounted for $1092.21 million in 2023 and is expected to reach $2022.40 million by 2030 growing at a CAGR of 9.2% during the forecast period. A DC motor control is a device with batteries, microcontrollers, and engines at the same time. These devices play a crucial role in governing the speed, direction, torque, and overall performance of DC motors across various industrial, commercial, and consumer applications. They ensure precise control and efficient utilisation of electrical energy in motor-driven systems.
According to the International Trade Administration, domestic vehicle production in China is expected to reach 35 million by year 2025.
Market Dynamics:
Driver:
Demand for DC motor control devices
Industries relying on automation, such as manufacturing, automotive, and electronics, create a continual need for precise and efficient motor control. Additionally, the rise in electric vehicle production and the demand for energy-efficient solutions further propel this market. As technological advancements continue to enhance these devices' performance and efficiency, the growing global demand from various sectors significantly influences the market's growth trajectory and fosters innovation in DC motor control technology.
Restraint:
High initial investment
Implementing DC motor control devices systems requires substantial upfront capital for equipment, installation, and specialised training. This financial barrier particularly affects small to medium-sized enterprises (SMEs) or industries with limited budgets, impeding their ability to adopt or upgrade to DC motor control solutions. The substantial initial costs often deter potential users, hindering widespread adoption and potentially limiting market growth.
Opportunity:
Integration of DC motor control devices into smart devices
As smart technology continues to proliferate across various sectors, including homes, industries, and IoT ecosystems, DC motor control devices play a pivotal role. They enable precise control and automation of smart home appliances, robotics, IoT-enabled systems, and other interconnected devices. This integration not only enhances efficiency and performance but also opens up new market segments and applications, fostering innovation and market expansion for DC motor control devices amidst the growing demand for interconnected and intelligent devices in modern lifestyles.
Threat:
Fluctuations in raw material prices
Fluctuations in the prices of essential components like rare-earth magnets, copper, and specific metals impact manufacturing costs. Sudden price hikes may escalate production expenses, potentially compelling manufacturers to increase product prices. Such cost increases can deter consumer adoption and strain profit margins for businesses. Maintaining price competitiveness becomes challenging amid uncertain raw material costs, affecting market stability and potentially hindering the widespread adoption of DC motor control devices across industries.
Covid-19 Impact
The COVID-19 pandemic significantly impacted the DC motor control device market. Supply chain disruptions, production halts, and reduced industrial activities during lockdowns led to decreased demand for these devices across various sectors, notably automotive and manufacturing. Delays in project timelines and investment cutbacks within industries affected the adoption of motor control devices. However, the crisis also accelerated digital transformation and automation, increasing the long-term demand for these devices, particularly in sectors emphasising efficiency and automation.
The brushed segment is expected to be the largest during the forecast period
The brushed segment is estimated to hold the largest share. These motors feature brushes and a commutator for delivering electrical current to the motor windings, facilitating rotor movement. Despite their simplicity and cost-effectiveness, brushed DC motors are known for lower efficiency, a limited lifespan due to brush wear, and electromagnetic interference. However, they find applications in smaller-scale devices, toys, automotive systems, and appliances where precise speed control isn't a priority, offering simplicity and affordability for specific applications requiring less complex motor control solutions.
The automotive & transportation segment is expected to have the highest CAGR during the forecast period
The automotive & transportation segment is anticipated to have lucrative growth during the forecast period. The DC Motor Control Devices Market encompasses control devices tailored for vehicles to manage and regulate the operation of DC motors in automotive systems, including electric power steering, electric braking systems, HVAC (heating, ventilation, and air conditioning), and various automotive actuators. As the automotive industry shifts towards electrification and smart vehicle technologies, the demand for advanced DC motor control devices in the automotive and transportation sectors continues to grow, driving innovation and technological advancements within this segment.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period due to industrialization, infrastructure development, and technological advancements. Countries like China, India, Japan, and Southeast Asian nations witness increased demand for DC motor control devices due to expanding manufacturing sectors, automation initiatives, and the adoption of electric vehicles. Furthermore, the market growth is propelled by the rising need for efficient motor control in various industries, such as automotive, electronics, and energy. Government initiatives supporting industrial automation and energy-efficient solutions further boost market expansion.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period due to technological advancements and industrial automation. Technological innovation, particularly in robotics and electric vehicles, escalates the need for efficient motor control solutions. The market benefits from stringent regulations emphasising energy efficiency and encouraging the adoption of advanced motor control devices. Additionally, the region's focus on sustainability and renewable energy further stimulates market growth, fostering a competitive landscape and continual advancements within the North American region.
Key players in the market
Some of the key players in the DC Motor Control Devices Market include ABB, General Electric, Eaton Corporation Plc, OMRON Corporation, Rockwell Automatic, KB Electronics, Schneider Electric SE, Toshiba Corporation, STMicroelectronics, Siemens AG, Mitsubishi Electric Corporation, Danfoss Group, Yaskawa Electric Corporation, Parker Hannifin Corporation and Nidec Corporation.
Key Developments:
In September 2023, Rockwell Automation, Inc. acquired Clearpath Robotics Inc., an Automation machinery manufacturing company in Canada. Through this acquisition, Rockwell Automation would enhance autonomous technology.
In April 2023, Omron Corporation has introduced the NX502 automation controllers, featuring enhanced information and safety control capabilities. Omron's latest NX502 CPU and NX-EIP201 EtherNet/IP units leverage the company's innovative information processing, communication technologies, and expansive memory capacity to enable real-time analysis and modularization of processes.
In October 2022, Omron Corporation came into partnership with Conrad Electronic, a European multinational retailer of electronic products based in Hirschau, Germany. Through this partnership, Omron Corporation would provide its solutions and services throughout Europe.
Types Covered:
- Brushed
- Brushless
- Stepper
Power Ratings Covered:
- Low Voltage - below 24V
- Medium Voltage - from 24V to 600V
- High Voltage - Above 600V
Technologies Covered:
- Analog Control Devices
- Digital Control Devices
Applications Covered:
- Consumer Electronics
- Industrial
- Automotive & Transportation
- Aerospace and Defense
- Healthcare
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global DC Motor Control Devices Market, By Type
- 5.1 Introduction
- 5.2 Brushed
- 5.3 Brushless
- 5.4 Stepper
6 Global DC Motor Control Devices Market, By Power Rating
- 6.1 Introduction
- 6.2 Low Voltage - below 24V
- 6.3 Medium Voltage - from 24V to 600V
- 6.4 High Voltage - Above 600V
7 Global DC Motor Control Devices Market, By Technology
- 7.1 Introduction
- 7.2 Analog Control Devices
- 7.3 Digital Control Devices
8 Global DC Motor Control Devices Market, By Application
- 8.1 Introduction
- 8.2 Consumer Electronics
- 8.3 Industrial
- 8.4 Automotive & Transportation
- 8.5 Aerospace and Defense
- 8.6 Healthcare
- 8.7 Other Applications
9 Global DC Motor Control Devices Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 ABB
- 13.2 General Electric
- 13.3 Eaton Corporation Plc
- 13.4 OMRON Corporation
- 13.5 Rockwell Automatic
- 13.6 KB Electronics
- 13.7 Schneider Electric SE
- 13.8 Toshiba Corporation
- 13.9 STMicroelectronics
- 13.10 Siemens AG
- 13.11 Mitsubishi Electric Corporation
- 13.12 Danfoss Group
- 13.13 Yaskawa Electric Corporation
- 13.14 Parker Hannifin Corporation
- 13.15 Nidec Corporation
List of Tables
- Table 1 Global DC Motor Control Devices Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global DC Motor Control Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global DC Motor Control Devices Market Outlook, By Brushed (2021-2030) ($MN)
- Table 4 Global DC Motor Control Devices Market Outlook, By Brushless (2021-2030) ($MN)
- Table 5 Global DC Motor Control Devices Market Outlook, By Stepper (2021-2030) ($MN)
- Table 6 Global DC Motor Control Devices Market Outlook, By Power Rating (2021-2030) ($MN)
- Table 7 Global DC Motor Control Devices Market Outlook, By Low Voltage - below 24V (2021-2030) ($MN)
- Table 8 Global DC Motor Control Devices Market Outlook, By Medium Voltage - from 24V to 600V (2021-2030) ($MN)
- Table 9 Global DC Motor Control Devices Market Outlook, By High Voltage - Above 600V (2021-2030) ($MN)
- Table 10 Global DC Motor Control Devices Market Outlook, By Technology (2021-2030) ($MN)
- Table 11 Global DC Motor Control Devices Market Outlook, By Analog Control Devices (2021-2030) ($MN)
- Table 12 Global DC Motor Control Devices Market Outlook, By Digital Control Devices (2021-2030) ($MN)
- Table 13 Global DC Motor Control Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 14 Global DC Motor Control Devices Market Outlook, By Consumer Electronics (2021-2030) ($MN)
- Table 15 Global DC Motor Control Devices Market Outlook, By Industrial (2021-2030) ($MN)
- Table 16 Global DC Motor Control Devices Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
- Table 17 Global DC Motor Control Devices Market Outlook, By Aerospace and Defense (2021-2030) ($MN)
- Table 18 Global DC Motor Control Devices Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 19 Global DC Motor Control Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 20 North America DC Motor Control Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America DC Motor Control Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 22 North America DC Motor Control Devices Market Outlook, By Brushed (2021-2030) ($MN)
- Table 23 North America DC Motor Control Devices Market Outlook, By Brushless (2021-2030) ($MN)
- Table 24 North America DC Motor Control Devices Market Outlook, By Stepper (2021-2030) ($MN)
- Table 25 North America DC Motor Control Devices Market Outlook, By Power Rating (2021-2030) ($MN)
- Table 26 North America DC Motor Control Devices Market Outlook, By Low Voltage - below 24V (2021-2030) ($MN)
- Table 27 North America DC Motor Control Devices Market Outlook, By Medium Voltage - from 24V to 600V (2021-2030) ($MN)
- Table 28 North America DC Motor Control Devices Market Outlook, By High Voltage - Above 600V (2021-2030) ($MN)
- Table 29 North America DC Motor Control Devices Market Outlook, By Technology (2021-2030) ($MN)
- Table 30 North America DC Motor Control Devices Market Outlook, By Analog Control Devices (2021-2030) ($MN)
- Table 31 North America DC Motor Control Devices Market Outlook, By Digital Control Devices (2021-2030) ($MN)
- Table 32 North America DC Motor Control Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 33 North America DC Motor Control Devices Market Outlook, By Consumer Electronics (2021-2030) ($MN)
- Table 34 North America DC Motor Control Devices Market Outlook, By Industrial (2021-2030) ($MN)
- Table 35 North America DC Motor Control Devices Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
- Table 36 North America DC Motor Control Devices Market Outlook, By Aerospace and Defense (2021-2030) ($MN)
- Table 37 North America DC Motor Control Devices Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 38 North America DC Motor Control Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 39 Europe DC Motor Control Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe DC Motor Control Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 41 Europe DC Motor Control Devices Market Outlook, By Brushed (2021-2030) ($MN)
- Table 42 Europe DC Motor Control Devices Market Outlook, By Brushless (2021-2030) ($MN)
- Table 43 Europe DC Motor Control Devices Market Outlook, By Stepper (2021-2030) ($MN)
- Table 44 Europe DC Motor Control Devices Market Outlook, By Power Rating (2021-2030) ($MN)
- Table 45 Europe DC Motor Control Devices Market Outlook, By Low Voltage - below 24V (2021-2030) ($MN)
- Table 46 Europe DC Motor Control Devices Market Outlook, By Medium Voltage - from 24V to 600V (2021-2030) ($MN)
- Table 47 Europe DC Motor Control Devices Market Outlook, By High Voltage - Above 600V (2021-2030) ($MN)
- Table 48 Europe DC Motor Control Devices Market Outlook, By Technology (2021-2030) ($MN)
- Table 49 Europe DC Motor Control Devices Market Outlook, By Analog Control Devices (2021-2030) ($MN)
- Table 50 Europe DC Motor Control Devices Market Outlook, By Digital Control Devices (2021-2030) ($MN)
- Table 51 Europe DC Motor Control Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 52 Europe DC Motor Control Devices Market Outlook, By Consumer Electronics (2021-2030) ($MN)
- Table 53 Europe DC Motor Control Devices Market Outlook, By Industrial (2021-2030) ($MN)
- Table 54 Europe DC Motor Control Devices Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
- Table 55 Europe DC Motor Control Devices Market Outlook, By Aerospace and Defense (2021-2030) ($MN)
- Table 56 Europe DC Motor Control Devices Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 57 Europe DC Motor Control Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 58 Asia Pacific DC Motor Control Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific DC Motor Control Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 60 Asia Pacific DC Motor Control Devices Market Outlook, By Brushed (2021-2030) ($MN)
- Table 61 Asia Pacific DC Motor Control Devices Market Outlook, By Brushless (2021-2030) ($MN)
- Table 62 Asia Pacific DC Motor Control Devices Market Outlook, By Stepper (2021-2030) ($MN)
- Table 63 Asia Pacific DC Motor Control Devices Market Outlook, By Power Rating (2021-2030) ($MN)
- Table 64 Asia Pacific DC Motor Control Devices Market Outlook, By Low Voltage - below 24V (2021-2030) ($MN)
- Table 65 Asia Pacific DC Motor Control Devices Market Outlook, By Medium Voltage - from 24V to 600V (2021-2030) ($MN)
- Table 66 Asia Pacific DC Motor Control Devices Market Outlook, By High Voltage - Above 600V (2021-2030) ($MN)
- Table 67 Asia Pacific DC Motor Control Devices Market Outlook, By Technology (2021-2030) ($MN)
- Table 68 Asia Pacific DC Motor Control Devices Market Outlook, By Analog Control Devices (2021-2030) ($MN)
- Table 69 Asia Pacific DC Motor Control Devices Market Outlook, By Digital Control Devices (2021-2030) ($MN)
- Table 70 Asia Pacific DC Motor Control Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 71 Asia Pacific DC Motor Control Devices Market Outlook, By Consumer Electronics (2021-2030) ($MN)
- Table 72 Asia Pacific DC Motor Control Devices Market Outlook, By Industrial (2021-2030) ($MN)
- Table 73 Asia Pacific DC Motor Control Devices Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
- Table 74 Asia Pacific DC Motor Control Devices Market Outlook, By Aerospace and Defense (2021-2030) ($MN)
- Table 75 Asia Pacific DC Motor Control Devices Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 76 Asia Pacific DC Motor Control Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 77 South America DC Motor Control Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America DC Motor Control Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 79 South America DC Motor Control Devices Market Outlook, By Brushed (2021-2030) ($MN)
- Table 80 South America DC Motor Control Devices Market Outlook, By Brushless (2021-2030) ($MN)
- Table 81 South America DC Motor Control Devices Market Outlook, By Stepper (2021-2030) ($MN)
- Table 82 South America DC Motor Control Devices Market Outlook, By Power Rating (2021-2030) ($MN)
- Table 83 South America DC Motor Control Devices Market Outlook, By Low Voltage - below 24V (2021-2030) ($MN)
- Table 84 South America DC Motor Control Devices Market Outlook, By Medium Voltage - from 24V to 600V (2021-2030) ($MN)
- Table 85 South America DC Motor Control Devices Market Outlook, By High Voltage - Above 600V (2021-2030) ($MN)
- Table 86 South America DC Motor Control Devices Market Outlook, By Technology (2021-2030) ($MN)
- Table 87 South America DC Motor Control Devices Market Outlook, By Analog Control Devices (2021-2030) ($MN)
- Table 88 South America DC Motor Control Devices Market Outlook, By Digital Control Devices (2021-2030) ($MN)
- Table 89 South America DC Motor Control Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 90 South America DC Motor Control Devices Market Outlook, By Consumer Electronics (2021-2030) ($MN)
- Table 91 South America DC Motor Control Devices Market Outlook, By Industrial (2021-2030) ($MN)
- Table 92 South America DC Motor Control Devices Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
- Table 93 South America DC Motor Control Devices Market Outlook, By Aerospace and Defense (2021-2030) ($MN)
- Table 94 South America DC Motor Control Devices Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 95 South America DC Motor Control Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 96 Middle East & Africa DC Motor Control Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa DC Motor Control Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 98 Middle East & Africa DC Motor Control Devices Market Outlook, By Brushed (2021-2030) ($MN)
- Table 99 Middle East & Africa DC Motor Control Devices Market Outlook, By Brushless (2021-2030) ($MN)
- Table 100 Middle East & Africa DC Motor Control Devices Market Outlook, By Stepper (2021-2030) ($MN)
- Table 101 Middle East & Africa DC Motor Control Devices Market Outlook, By Power Rating (2021-2030) ($MN)
- Table 102 Middle East & Africa DC Motor Control Devices Market Outlook, By Low Voltage - below 24V (2021-2030) ($MN)
- Table 103 Middle East & Africa DC Motor Control Devices Market Outlook, By Medium Voltage - from 24V to 600V (2021-2030) ($MN)
- Table 104 Middle East & Africa DC Motor Control Devices Market Outlook, By High Voltage - Above 600V (2021-2030) ($MN)
- Table 105 Middle East & Africa DC Motor Control Devices Market Outlook, By Technology (2021-2030) ($MN)
- Table 106 Middle East & Africa DC Motor Control Devices Market Outlook, By Analog Control Devices (2021-2030) ($MN)
- Table 107 Middle East & Africa DC Motor Control Devices Market Outlook, By Digital Control Devices (2021-2030) ($MN)
- Table 108 Middle East & Africa DC Motor Control Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 109 Middle East & Africa DC Motor Control Devices Market Outlook, By Consumer Electronics (2021-2030) ($MN)
- Table 110 Middle East & Africa DC Motor Control Devices Market Outlook, By Industrial (2021-2030) ($MN)
- Table 111 Middle East & Africa DC Motor Control Devices Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
- Table 112 Middle East & Africa DC Motor Control Devices Market Outlook, By Aerospace and Defense (2021-2030) ($MN)
- Table 113 Middle East & Africa DC Motor Control Devices Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 114 Middle East & Africa DC Motor Control Devices Market Outlook, By Other Applications (2021-2030) ($MN)
