(MENAFN – GetNews) According to new report available with Million Insights, the global DC motor control devices industry report offers the most up-to-date data on current market scenario, trends and future outlook. This study provides numerous opportunities for market players to invest for research and development in the market.
The global DC Motor Control Devices Market size is estimated to reach USD 1.18 billion, by 2025, and is projected to grow at a CAGR of 6.2% over the forecast period, 2019 to 2025, according to a new report by Million Insights. DC motors are widely used across industries like automotive, transportation, industrial and consumer electronics. These motors can perform sophisticated control algorithm owing to its efficient application in electronic control. These key benefits are projected to bolster the demand for DC motors.
In actuating devices, sensor-less motor control devices help to reduce the overall costs. The market of DC motored is expected to foresee significant growth in the next few years, due to advancements in sensor technologies. In addition, DC motors greater compatibility along with IE3 motors and rising demand from medical devices, consumer electronics, and industrial sector is projected to contribute to market growth.
To download the sample pdf of DC Motor Control Devices Market Report ‘Please click here: […]
Safety vehicle standards regarding fuel emissions in the automotive industry and rising adoption of the engine control unit (ECU) is projected to bolster the market growth. In addition, manufacturers increasing focus on R & D activities for enhanced energy efficiency is also supporting DC motor control device market growth. For example, the department of U.S. Energy has invested in around 13 R & D projects for development in electric motors. These technological advancements are anticipated to positively impact on the increased demand for efficient motor devices.
However, continuous fluctuations in raw material prices constitute to rising product costs, which may hamper the market growth. Thus, several companies are taking up measures for raw material management. Furthermore, these companies contract with raw material suppliers for better quality material.
To browse report summary & detailed TOC, “please” click the link below:
[…]
Further key findings from the report suggest:
• In 2018, North America contributed to market share of over 25.0% in the overall market. It is projected to grow at significant rate in the next few years.
• Consumer electronics application segment is expected to grow at a significant rate of CAGR due to rising demand for handheld and home appliances.
• Key players in the market include Eaton Corporation, OMRON Corporation, ABB, and General Electric. These players focus on investing in R & D activities to develop highly efficient products.
Million Insights has segmented the global DC motor control devices market based on application, and region:
DC Motor Control Devices 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 Pump
• Electronic Spoons
• Others
• Others
DC Motor Control Devices Regional Outlook (Revenue, USD Million, 2014 – 2025)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
Read the Latest Market Research Reports by Million Insights:
• Soy Dessert Market : The global soy dessert market size was accounted for USD 55.5 billion, in the year 2018. It is estimated to grow at a CAGR of about 7.2% over the forecast period, 2019 to 2025. Rising concerns for health among people and the inability to digest the lactose carbohydrate commonly called lactose intolerance are the fundamental reasons behind the growth of this market.
• Curling Irons Market : The global curling irons market size was accounted for USD 3.22 billion, in 2018. It is estimated to grow significantly, at a CAGR of 5.8% over the forecast period, 2019 to 2025. Demand for inexpensive hair styling and hair grooming products is rising at a robust pace.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address: Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: […]
MENAFN15012021003238003268ID1101438754
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Recent Comments