Dublin, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The "Europe Direct Current (DC) Motor Market: Focus on Application, Functionality, Motor Type, Operating Voltage, Drive Type, Phase, and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Europe DC motor market is projected to reach $13.79 billion by 2033 from $6.07 billion in 2023, growing at a CAGR of 8.56% during the forecast period 2023-2033
The market is currently growing and is expected to continue to do so. Market players are investing in research, product launches, and partnerships to grow their customer base and market share.
The market is expected to grow significantly due to increased demand for electric vehicles, consumer electronics, and power tool solutions. The demand for higher energy efficiency, as well as high-performance brushless DC motors, is driving the growth of this market. The precise control of DC motors and reliability make it an excellent choice for a variety of applications, including automotive, consumer electronics, and power tools, among others.
The market benefits from advancements in motor technologies, such as brushless DC motors, which provide better performance and longer life. Furthermore, the push for energy-efficient solutions, as well as the integration of DC motors into electric vehicles, help to drive market growth. The region's strong industrial base, combined with strict energy regulations, encourages innovation and the development of high-performance DC motors. With ongoing investments in research and development and a strong emphasis on sustainability, the Europe DC Motor Market is poised for continued growth, catering to the evolving needs of diverse sectors.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the DC motors. The market is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of DC motor technology. Therefore, the DC motor business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The Europe DC Motor market has been growing at a rapid pace. The Direct Current Motor market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships and collaborations.
Competitive Strategy: Key players in the market were analyzed and profiled in the study. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 107 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value (USD) in 2023 | $6.07 Billion |
| Forecasted Market Value (USD) by 2033 | $13.79 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Europe |
Market Dynamics Overview
Market Drivers
- Rising Emphasis on Energy-Efficient Motors
- Manufacturing Boom in Emerging Economies
Trends: Current and Future Impact Assessment
- Increasing Adoption of Electric Vehicles
- Increasing Demand for HVAC Motors
Market Restraints
- Affordable Motors Pose Threat to Industry Giants
- High Costs and Controller Requirements in Brushless DC Motors
Market Opportunities
- Surging Factory Automation and Adoption of Industrial Robotics
- Retirement of Baby Boomer Generation
Stakeholder Analysis
- Use Case
- End User and buying criteria
Supply Chain Overview
- Value chain Analysis
- Market Map
- Pricing Forecast
R&D Review
- Patent Filing Trend by Company, by Country
Regulatory Landscape
Impact analysis for key global events- COVID-19, Russia/Ukraine or Middle East crisis
Companies Featured
- ABB
- maxon
- Siemens
- FAULHABER GROUP
- Robert Bosch GmbH
- Dunkermotoren GmbH
Market Segmentation
Application Type
- Automotive
- Power Tools
- Consumer Electronics
- Industrial Machinery
- Others
Functionality
- Standalone
- Integrated
Motor Type
- Brushless DC (BLDC) Motor
- Brushed DC (BDC) Motor
Operating Voltage
- 12V
- 24V
- 48V
- 100V
- Above 100V
Drive Type
- Half Bridge
- Full Bridge
Phase
- Single Phase
- Three Phase
Country
- France
- Germany
- Spain
- Italy
- U.K.
- Rest-of-Europe
For more information about this report visit https://www.researchandmarkets.com/r/4zg2ho
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