Electric DC Motors Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0212597
  • Format: Electronic (PDF)
  • Number of Pages: 176
  • Author(s): Joshi, Madhavi

Report Overview

The Electric DC Motors Market size was estimated at USD 22.5 billion in 2023 and is projected to reach USD 38 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Electric DC Motors Market

(Market Size)
$22.5 billion
$38 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 22.5 billion
2030 Market Size USD 38 billion
Key Players Nidec, ABB, Siemens, Johnson Electric, AMETEK

Market Summary

The Electric DC Motors Market represents a critical segment within the broader semiconductor and electronics industry, characterized by its indispensable role in powering a vast array of devices and machinery. These motors convert direct current electrical energy into mechanical energy, offering advantages in controllability, efficiency, and reliability. The market is experiencing sustained demand driven by the pervasive integration of automation and electrification across industrial and consumer applications. Key sectors propelling growth include automotive, particularly in electric vehicle subsystems like power windows and windshield wipers, industrial automation with precision control in robotics and conveyor systems, and consumer electronics for devices such as computer cooling fans and household appliances. The ongoing global push towards energy efficiency and the miniaturization of electronic components continue to influence design and material innovations within this market. Manufacturers are consistently engaged in research and development to enhance motor performance, reduce electromagnetic interference, and improve thermal management. The competitive landscape is dynamic, featuring both established multinational corporations and specialized niche players striving to capture market share through technological superiority and cost-effective production. The market's evolution is closely tied to advancements in power electronics, magnet technology, and control systems, ensuring its continued relevance in an increasingly automated world.

Key Highlights

The Electric DC Motors Market is distinguished by several pivotal factors that underscore its importance and trajectory. A primary highlight is the motor's fundamental design simplicity and cost-effectiveness for variable speed control applications, making it a preferred choice over many AC motor types in specific use cases. The brushless DC (BLDC) motor variant has gained significant prominence due to its higher efficiency, longer operational life, reduced maintenance needs, and superior performance characteristics, leading to its accelerated adoption in high-end applications. Another critical aspect is the intense focus on innovation aimed at achieving greater power density, allowing for more compact motor designs without sacrificing output, which is crucial for space-constrained applications in electronics and automotive sectors. The market is also witnessing a strategic shift towards the development of smart motors integrated with sensors and IoT connectivity for predictive maintenance and real-time performance monitoring, aligning with Industry 4.0 trends. Furthermore, the supply chain for key raw materials, including rare-earth magnets and copper windings, presents both a challenge and an area for strategic sourcing and potential material science breakthroughs. These highlights collectively paint a picture of a mature yet innovatively active market that is essential to modern technological infrastructure.

Drivers, Opportunities & Restraints

The growth dynamics of the Electric DC Motors Market are shaped by a complex interplay of drivers, opportunities, and restraints. A significant driver is the relentless global expansion of industrial automation and robotics, which heavily relies on precise and reliable DC motors for motion control. The burgeoning electric vehicle industry serves as another powerful driver, as DC motors are integral components in numerous EV auxiliary systems, from HVAC blowers to pump drives. The increasing consumer demand for energy-efficient appliances and electronics further propels the adoption of advanced, high-efficiency BLDC motors. Key opportunities lie in the untapped potential within emerging economies, where industrialization and infrastructure development are creating new demand streams. The ongoing research into alternative magnet materials to reduce dependency on rare-earth elements presents a substantial opportunity for cost reduction and supply chain stability. Additionally, the integration of artificial intelligence for motor optimization and failure prediction opens new frontiers for value-added services. However, the market faces notable restraints, including the volatility in prices of critical raw materials like copper and neodymium, which can impact manufacturing costs and profitability. The technical complexity and higher initial cost associated with brushless DC motors can also be a barrier to adoption in price-sensitive market segments. Intense competition from other motor technologies, such as advanced AC motors and servo systems, continually challenges market share.

Concentration Insights

The concentration within the Electric DC Motors Market reveals a landscape with a mix of large, diversified global conglomerates and specialized, technologically-focused firms. The market is moderately concentrated, with a handful of major players holding significant shares due to their extensive product portfolios, robust global distribution networks, and substantial research and development capabilities. These leading companies, such as Nidec Corporation, ABB Ltd., and Siemens AG, often compete on the basis of technological innovation, brand reputation, and the ability to offer integrated system solutions. Alongside these giants, there exists a vibrant ecosystem of medium and small-sized enterprises that compete by specializing in specific motor types, catering to niche applications, or offering highly customized solutions. Geographically, manufacturing and innovation hubs are concentrated in regions with strong electronics and automotive industries, notably in East Asia, Europe, and North America. This concentration also influences the supply chain, with key component manufacturers often located in close proximity to major motor producers to ensure efficiency. The competitive intensity drives continuous investment in automation of production facilities to enhance quality and reduce costs, further solidifying the positions of well-established players while creating challenges for new entrants without significant capital or technological expertise.

Type Insights

The Electric DC Motors Market is segmented by type, primarily into brushed and brushless DC motors, each catering to distinct application needs and performance requirements. Brushed DC motors, characterized by their mechanical commutation system using brushes and a commutator, represent a traditional and cost-effective solution. They are widely used in applications where initial cost is a critical factor and where the maintenance associated with brush wear is acceptable, such as in simple automotive actuators, basic industrial tools, and numerous low-cost consumer products. In contrast, brushless DC (BLDC) motors utilize an electronic controller for commutation, eliminating the physical brushes. This design confers significant advantages, including higher efficiency, greater reliability, longer lifespan, reduced electromagnetic interference, and superior speed-torque characteristics. Consequently, BLDC motors are increasingly becoming the technology of choice for demanding applications in the computer industry for cooling fans and disk drives, in industrial automation for precision machinery, in automotive applications for electric power steering and radiator cooling, and in high-end consumer appliances like drones and premium power tools. The market trend is decisively shifting towards BLDC motors, driven by the overarching demand for energy efficiency, maintenance-free operation, and enhanced performance.

Application Insights

The application landscape for Electric DC Motors is exceptionally diverse, spanning multiple industries and underpinning a vast range of functionalities. Within the industrial machinery sector, these motors are fundamental components in conveyor systems, packaging equipment, CNC machinery, and robotic arms, where precise speed control and reliable operation are paramount. The automotive industry is a major consumer, utilizing DC motors in a plethora of applications beyond propulsion, including power windows, windshield wipers, seat adjusters, sunroof mechanisms, and various pumps and fans essential for vehicle climate control and engine management. The consumer electronics and appliance segment relies heavily on small-scale DC motors for products such as personal computers (fans and disk drives), smartphones (haptic feedback actuators), household vacuum cleaners, blenders, and air purifiers. Furthermore, the medical device industry employs highly specialized and precision DC motors in equipment like surgical power tools, infusion pumps, and dental handpieces. The ongoing trends of automation, electrification, and smart connectivity across all these sectors are expanding the application scope, demanding motors that are not only more efficient and compact but also smarter and capable of seamless integration into interconnected systems.

Regional Insights

The demand and production for Electric DC Motors are distributed unevenly across the globe, influenced by regional industrial capabilities, end-user industry presence, and economic development. The Asia Pacific region stands as the dominant force in both consumption and manufacturing, largely propelled by the massive industrial base in China, which acts as a global hub for electronics production and assembly. Countries like Japan and South Korea contribute significantly through their leadership in automotive manufacturing and high-tech consumer electronics, driving demand for precision motors. North America represents a mature yet technologically advanced market, with strong demand stemming from its robust automotive sector, aerospace industry, and a high degree of industrial automation. The presence of major technology companies also fuels need for motors in data centers and IT infrastructure. Europe maintains a strong position, characterized by its leading automotive OEMs, emphasis on industrial automation and robotics, and stringent regulations promoting energy efficiency, which favor the adoption of advanced BLDC motors. Emerging economies in Latin America and the Middle East & Africa are anticipated to exhibit growing demand, albeit from a smaller base, linked to gradual industrialization, infrastructure development, and increasing adoption of automated processes and consumer electronics.

Company Insights

The competitive arena of the Electric DC Motors Market is populated by a blend of long-established multinational industrial conglomerates and specialized motor manufacturers. Prominent players such as Nidec Corporation from Japan have a formidable global presence and offer an extensive portfolio of motor products across all segments. European giants like ABB Ltd. and Siemens AG leverage their strong capabilities in industrial automation and energy technology to provide advanced motor solutions often integrated into larger systems. AMETEK Inc. is recognized for its high-performance motors used in demanding aerospace, medical, and industrial applications. Johnson Electric Holdings Limited, based in Hong Kong, is a key supplier of micro motors and precision actuators to the automotive and consumer electronics industries. Regal Rexnord Corporation and maxon group are other significant entities known for their expertise in specific motor types and customized solutions. These companies compete intensely on factors including technological innovation, product efficiency, reliability, price, global supply chain efficiency, and the ability to provide technical support and customization. The strategic focus for leading companies involves heavy investment in R&D for next-generation motor technologies, expansion into high-growth application areas like electric vehicles, and optimizing manufacturing processes through automation to maintain competitiveness.

Recent Developments

The Electric DC Motors Market is characterized by continuous innovation and strategic movements as companies adapt to evolving technological and market demands. A prominent trend in recent developments is the intensified focus on sustainability, leading to R&D efforts aimed at creating motors with higher efficiency ratings to meet stringent international energy regulations. This includes advancements in core materials, winding techniques, and magnetic circuit design to minimize energy losses. Another significant development is the push towards product miniaturization without compromising power output, catering to the ever-shrinking form factors of modern electronic devices. Companies are also increasingly integrating smart features, embedding sensors and connectivity modules directly into motors to enable condition monitoring, predictive maintenance, and data analytics as part of IoT ecosystems. On the corporate front, strategic acquisitions and partnerships have been observed, allowing larger entities to acquire specialized technologies or expand their geographic and application-specific market reach. Furthermore, there is a growing emphasis on developing supply chain resilience and exploring alternative materials for magnets to mitigate risks associated with price volatility and geopolitical tensions affecting the availability of rare-earth elements. These developments collectively indicate a market that is proactively evolving to address future challenges and opportunities.

Report Segmentation

This comprehensive market research report on the Electric DC Motors Market provides a detailed and structured analysis through a multi-faceted segmentation approach. The report is meticulously segmented by type to deliver deep insights into the distinct dynamics of Brushed DC Motors and Brushless DC Motors, analyzing the adoption trends, technological advancements, and competitive landscape specific to each category. Further segmentation by application offers a granular view of demand patterns across key verticals including Industrial Machinery, where motors drive automation; Automotive, for auxiliary systems and comfort features; Consumer Electronics & Appliances, powering a multitude of devices; and other emerging sectors. The regional segmentation breaks down the market performance and growth potential across major geographies such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, highlighting regional production capacities, regulatory environments, and end-user industry concentrations. This layered segmentation enables stakeholders to pinpoint precise opportunities, understand niche market behaviors, assess competitive intensity at a granular level, and formulate data-driven strategies tailored to specific motor types, applications, or geographical markets. The analysis within each segment covers critical aspects including technological trends, key influencing factors, and future outlook.

FAQs

What are the main types of electric DC motors? The two primary types are brushed and brushless DC motors. Brushed motors use a mechanical commutation system with brushes, while brushless motors employ an electronic controller, offering higher efficiency and reliability.

What are the key applications of DC motors? Key applications span industrial automation (conveyors, robotics), automotive systems (power windows, pumps), consumer electronics (computer fans, appliances), and medical devices, among others.

What is driving the growth of the DC motor market? Growth is driven by increasing industrial automation, the rise of electric vehicles, demand for energy-efficient appliances, and the ongoing miniaturization of electronic devices.

Which region is the largest market for DC motors? The Asia Pacific region is currently the largest market, driven by massive manufacturing and electronics production hubs, particularly in China, Japan, and South Korea.

What are the advantages of brushless DC motors? Brushless DC motors offer advantages including higher efficiency, longer operational life, lower maintenance needs, better speed control, and reduced electrical noise compared to brushed motors.

Who are the leading companies in the DC motor market? The market features leading companies such as Nidec Corporation, ABB Ltd., Siemens AG, AMETEK Inc., and Johnson Electric, among others, who compete on technology and global reach.

Citius Research has developed a research report titled “Electric DC Motors Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Electric DC Motors Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Electric DC Motors Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Electric DC Motors Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Electric DC Motors Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Electric DC Motors Market
• Research Methodology
• Executive Summary
• Market Dynamics of Electric DC Motors Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Electric DC Motors Market
• Cost and Gross Margin Analysis of Electric DC Motors Market
• Electric DC Motors Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Electric DC Motors Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Electric DC Motors Market Key Stakeholders

Below are the key stakeholders for the Electric DC Motors Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Electric DC Motors Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Electric DC Motors Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Electric DC Motors Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Electric DC Motors Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Electric DC Motors Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Electric DC Motors Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Electric DC Motors Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Electric DC Motors Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Electric DC Motors Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Electric DC Motors Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Electric DC Motors Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Electric DC Motors Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Electric DC Motors Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Electric DC Motors Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Electric DC Motors Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Electric DC Motors Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Electric DC Motors Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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