Electric DC Motor Market 

A DC motor is a type of electric motor that converts direct current electrical energy into mechanical energy. When the DC motor's field coil is turned on, an air gap magnetic field is created. The generated magnetic field runs parallel to the armature's radii. The field coil's armature receives the magnetic field from the north pole and "exits" from the south pole side. The conductors on the other pole are subjected to a force of same magnitude but applied in the opposite direction. The torque created by these two opposing forces causes the motor's armature to rotate. 
Electric DC motors convert direct current electricity into mechanical energy. When the DC motor's field coil is turned on, an air gap magnetic field is generated. The generated magnetic field is parallel to the armature radii. The field coil's armature receives the magnetic field from the north pole and "exits" on the south pole side. The conductors on the other pole are subjected to the same force, but in the opposite direction. The torque generated by these two opposing forces causes the motor's armature to rotate. 
 

Market Dynamics

Driver 

• DC motors are in high demand, especially 12 V and 24 V models. DC motor technology has become an extremely cost-effective choice in the burgeoning solar, marine, and truck-mounted equipment sectors. Despite the fact that DC motor technology is more mature than AC motor technology, DC motor manufacturers are always developing and improving approaches to reduce maintenance costs and extend motor lifespan. Installing a DC motor means less overall adjustments and electronic rectifications in the power system.
• A DC motor can be powered directly from the power supply after installation, allowing for immediate use. Because of their simple design, DC motors are easy to replace or repair. DC motors have been in use for almost 130 years, so technicians and electricians are familiar with them. Because of their lengthy history of use, they are cheap and easy to diagnose and repair. Field excitation is not necessary when repairing a DC motor. 
• Changing the brushes, speed settings, and other components is a simple operation. In the event of a control system malfunction, a potentiometer can be utilized to adjust the terminal voltage. The final and most obvious reason to use DC motors is their affordability; while brushless and permanent magnet DC motors are more expensive, they remain less expensive than AC motors. Brushless motors have an unusually long lifespan, which provides a cost advantage. Brush motors are less expensive, but their low repair costs outweigh the disadvantages of their shorter lifespan and frequent replacement requirements. This element supported the growth of the electric DC motor market.
   

Restraints 

• Friction wear reduces the brushes' lifespan, which is a considerable disadvantage.
• They also established a speed limit for DC motors. The use of DC motors is further limited by the so-called brush fire, which occurs between the brushes and the commutator.
• Furthermore Its initial cost is substantial. Because of the commutator and brush gear, the operating and maintenance expenses are extremely high. There is a risk of commutation failure since the brush ignites and cannot perform in dangerous or explosive conditions. The armature gets damage, and the shaft rattles as the speed increases. To power the motor, converters are necessary. This resulted in the DC motor being restrained. 
   

Opportunity 

• Brushless DC motors are the product of breakthroughs in DC motor design, and while they are naturally highly efficient, designers are under increasing pressure to increase their designs' efficiency and differentiate themselves in a crowded market. For example, lowering total energy use and improving thermal regulation can help. Reduced maintenance and equipment capability can both aid in achieving the desired outcomes.
• It might be pricey and need new hardware and software development techniques to construct a brushless DC motor. 
  controllers. Further development is expected as long as the items required for design change.

Recent Industry Insight

• On March 2023, Innomotics – Launch of a new leading motors and large drives company
• On July 2022, MAHLE develops the most durable electric motor
• On Jan 2023, EV startup Weber Drivetrain partners with Chinese Wuxi Lingbo Electronic Technology
• On May 2022, Hitachi Energy launches game-changing power semiconductor module globally for all types of electric vehicles
• On June 2023, Nidec and Renesas Collaborate on Semiconductor Solutions for Next-Generation E-Axle for EVs
• On Oct. 2023, Infineon teams with DH-Robotics to launch next-generation electric grippers for an efficient, digital, and low-carbon footprint future
• On Jan. 2020, MG MOTOR INDIA LAUNCHES THE ZS EV, THE COUNTRY’S FIRST PURE ELECTRIC INTERNET SUV, AT AN INAUGURAL PRICE OF INR 19.88 LAKH

• Key Players
  Acorn Engineering Company, Inc.
  Arblu (United States)
  Awal Fibre Glass (Kingdom of Bahrain)
  BluBleu s.r.l. (Italy)
  Bohle Ltd
  Calibe srl (Italy)
  CERA Sanitaryware Limited. (India)
  DELTA FAUCET COMPANY (Indiana)
  duka AG (Germany)
  Duravit AG (Germany)
  Fleurco Products Inc. (Canada)
  FOSHAN KORRA BATH WARE CO., LTD. (China)
  GRUPPO GEROMIN (Italy)
  Hindware Homes. (India)
  Hoesch.de (Germany)
  Jaquar (India)
  Kudos Showers (United Kingdom)
  Majestic Showers Ltd (United Kingdom)
  Megius S.p.A. (Italy)
  Novellini S.p.A (Italy)
  PORCELANOSA Grupo A.I.E.  (Spain)
   

Segmentation

•    By Type
o    Series DC Motor
o    Shunt/Parallel DC Motor
o    Compound DC Motors
o    Permanent Magnet DC Motor
 

•    By Parts
o    Armature or Rotor
o    Field Coil or Stator
o    Commutator 
o    Brushes

•    By Application 
o    Conveyors
o    Hoists, Elevators
o    Cranes
o    Electric Locomotives
o    Robots
o    Networking equipment
o    Electronic goods
o    Aerial vehicles
o    Engineering products
 

•    By Cumulative Compound
o    Shears
o    Heavy Planers
o    Rolling mills
o    Elevators
 

Recent Acquisition and Merger

• On  May 2023, Siemens to acquire Mass-Tech Controls’ EV division, expanding eMobility offering in India
• On Feb. 2023, Infineon Technologies completes sale of HiRel DC-DC converter business to Micross
• On July 2022, Littelfuse Completes Acquisition of C&K Switches
   
• Key Target Audience
  End User
  Potential Investors
  New Entrants
  Innovation and R&D
  Suppliers and Manufacturers
  Others