DC Motor Control Devices Market Size, Share & Trends Analysis Report By Application (Consumer Electronics, Automotive, Industrial, Medical Devices), By Region, And Segment Forecasts, 2019 - 2025

Report Overview

The global DC motor control devices market size was valued at USD 775.2 million in 2018 .and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2019 to 2025. The primary trend expected to drive demand is increased competitiveness of markets that incorporate electric motors, such as industrial, automotive, and aerospace. This factor is also leading to consideration of new control strategies, the requirement for energy-efficient motors, and the need for cost-effective motor control devices.

Numerous key players are engaged in developing an integrated motor drive technology that offers several benefits such as cost-effectiveness, increased efficiency, and compactness. These advancements are expected to further drive product demand. Additionally, rising demand for electric vehicles and the implementation of stringent government regulations about the use of energy-efficient products are expected to bolster market growth over the forecast period.

Brushless DC motors offer dynamic performance and are expected to gradually replace stepper motors and conventional DC motors in various applications. The growing adoption of these variants by end-use industries such as automotive, aerospace and defense, and healthcare is also expected to positively impact market growth. In addition to this, the ongoing trend of using direct-drive and servo motors in appliances, e-mobility applications, and Automated Guided Vehicles (AGVs) is expected to play a significant role in instigating product demand.

One of the challenges hindering growth prospects is an uptake of AC drives that are leveraging advancements in control and power conversion techniques and are gradually gaining more prominence. However, this is a relatively moderate challenge as DC drives have been deployed across several industries and their complete replacement by AC motors is not expected to happen anytime soon.

Application Insights

The consumer electronics segment accounted for a major share in 2018 and is expected to continue its dominance in the DC motor control devices market over the forecast period. This can be attributed to increasing technological advancements and growing awareness regarding energy conservation among the population. Additionally, rising demand for compact and portable devices for vacuum cleaners and fans, HVAC, digital storage devices, and home appliances is expected to create additional revenue for market players over the forecast period.

The medical devices segment is expected to grow at a steady pace over the forecast period. Unprecedented advances in technology, coupled with the retirement of baby boomers, have created growth potential for companies supplying components for medical applications. This marketplace is characterized by the production of various devices, ranging from breast pumps to fitness equipment, and is expected to provide high growth avenues for market players.

Regional Insights

In 2018, the North American market accounted for more than 25.0% of the overall revenue and is anticipated to exhibit a considerable CAGR over the forecast years. The region’s growth can be attributed to a shift in customer preference toward smart solutions that have resulted in improved motor designs. Automation and an uptick in disposable medical devices are also driving demand for affordable and miniature motors in the U.S. and Canada. This is expected to catapult regional growth in the coming years.

The Asia Pacific market is expected to exhibit a CAGR of over 7.0% over the forecast period. Increasing government investments in manufacturing electric vehicles and controlling fuel emissions are anticipated to boost the market growth in the region over the forecast period. Moreover, rising penetration of DC motor control devices in various applications, including consumer electronics, electric vehicles, and medical devices, is anticipated to drive the market in the Asia Pacific.

Key Companies & Market Share Insights

The key players are aggressively investing in research and development of DC type controllers to introduce compact products. Efforts are also being made to develop electric DC motors with integrated speed controllers to efficiently cater to end-users requirements.

Furthermore, various companies are have been undertaking mergers and acquisitions as well as introducing novel technologies to gain a competitive edge in the market. For instance, in September 2017, ABB announced the acquisition of GE Industrial Solutions. This acquisition strengthened ABB’s global position in the electrification market and expanded its reach in North America. Some of the prominent players in the DC motor control devices market include:

• ABB

• Eaton Corporation Plc

• General Electric

• OMRON Corporation

DC Motor Control Devices Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global DC motor control devices market report based on application and region:

• Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Consumer Electronics

    • Smart Motorized Devices

    • High-End Toys

    • Social Robots

    • Others

  • Automotive & Transportation

    • Marine Outboard Motors

    • Others

  • Industrial

    • ATM Machines

    • Pan Tilt Zoom Cameras

    • Water Pump

    • Actuators & Other Robotic Devices

    • Others

  • Medical Devices

    • CPAC Machines

    • Oxygen Concentrator Machines

    • Breast Pumps

    • Electronic Spoons

    • Others

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa