Europe Electric DC Motor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Brushed DC Motors and Brushless DC Motors), Speed (Low, Medium, and High), and Application (Industrial Machinery, Automotive & Transportation, HVAC Equipment, Aerospace & Defense, Household Appliances, and Others)
The Europe electric DC motor market is expected to reach US$ 5,708.86 million by 2028 from US$ 3,132.80 million in 2021. The market is estimated to grow at a CAGR of 9.0% from 2021 to 2028.
Electronic control, high power-to-weight ratio, and high speed are a few features of brushless DC motors. Hand-held power tools, computer peripherals, printers, disc drives, and automobiles all use brushless DC motors. Brushless DC motors undergo less wear and tear and have lower maintenance costs than conventional motors.
Brushless DC motors' advantages such as low noise, strong torque, energy savings, and increased operating efficiency are propelling the market's growth. Brushless DC motors are gaining popularity due to the growing industrial automation and the increasing use of small electronic gadgets. Hand dryers, surgical instruments, fans, pumps, compressors, and domestic appliances use brushless DC motors. The adoption of brushless DC motors is growing due to the increasing urban population and rising awareness regarding environmentally friendly products. Moreover, brushless DC motors are adopted by various industries, including agriculture, medical, healthcare, and automotive. Due to increased government investments in the healthcare sector, in nations such as the UK, the industry is growing rapidly. For instance, the UK's government spent US$ 252.9 billion on healthcare in 2018. Due to features such as energy efficiency, high torque, and high rpm, the demand for brushless DC motors is expected to increase.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe electric DC motor market. The Europe electric DC motor market is expected to grow at a good CAGR during the forecast period.
Europe Electric DC Motor Market Revenue and Forecast to 2028 (US$ Million)
Europe Electric DC Motor Market Segmentation
Brushed DC Motors Brushless DC Motors
Low Medium High
Industrial Machinery Automotive and Transportation HVAC Equipment Aerospace & Defense Household Appliances Others
France Germany Italy UK Russia Rest of Europe
ABB Ltd AMETEK Inc. Yaskawa Electric Corporation Johnson Electric Holdings Limited Nidec Corporation Siemens AG Allied Motion Technologies Inc. Minebea Mitsumi, Inc. Maxon Motors AG Regal Rexnord Corporation
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