DC Motor Control Devices Market Predicted To Reach USD 1.18 Billion By 2025

Posted by Neha Bora on March 26th, 2020

 The Report 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

The global DC motor control devices market size is expected to reach USD 1.18 billion by 2025, exhibiting a CAGR of 6.2% from 2018 to 2025, according to a study conducted by Grand View Research, Inc. DC electric motors are being widely used in modern systems, whether in consumer electronics, or industrial, automotive, and transportation industries. Improved performance of these motors in such applications is a result of the underlying electronic controls that are able to rapidly execute sophisticated control algorithms. Thus, increasing demand for motors in such applications, coupled with improved motor performance, is anticipated to drive the market over the forecast period.

Sensorless motor control devices are generally used to reduce overall cost of actuating devices. However, with advancements in sensor control techniques, the market for DC motor control devices is anticipated to gain traction over the forecast period. Furthermore, recent market requirements, such as compatibility with IE3 motors, and changes in motor control systems in several application areas such as industrial, consumer electronics, and medical devices are expected to favor market growth over the coming years.

The market is expected to witness significant demand from the automotive industry owing to introduction of vehicle safety standards to control fuel emissions and increasing adoption of engine control units (ECUs) in modern automobiles. Additionally, growing R&D activities to improve energy efficiency of electric motors are anticipated to boost market growth. For instance, the U.S. Department of Energy invested a substantial amount in 13 R&D projects pertaining to technological advancements in electric motors. These advancements are expected to positively impact the efficiency and performance of motor devices when used in various end-use industries.

However, factors such as uncertainties in raw material prices, limited availability of components, and reduction in overall production of raw materials are contributing to increased product costs, thereby negatively impacting market growth. In order to overcome these challenges, major companies are undertaking several measures to maintain consistency in prices and availability of raw materials. These companies have been entering into long-term supplier contracts to mitigate risks associated with quality and quantity of materials.

Further key findings from the study suggest:

• North America accounted for more than 25.0% of the overall market in 2018 and is expected to witness steady growth over the forecast period owing to presence of key market incumbents such as Eaton Corporation Plc and ABB offering cost-effective solutions and quality products
• The consumer electronics segment accounted for a significant in 2018 and is anticipated to grow at a substantial CAGR over the forecast period owing to increasing demand for handled devices and home appliances in developing countries such as India and China
• Prominent players in the DC motor control devices market include ABB, Eaton Corporation Plc, General Electric, and OMRON Corporation. These companies are extensively investing in research and development activities in order to introduce compact products.

Access Research Report of DC Motor Control Devices Market @ https://www.grandviewresearch.com/industry-analysis/dc-motor-control-devices-market