What is the current Direct Current Motor Market size?

In 2024, the Direct Current Motor Market size is expected to reach USD 535.57 million. Read More

Who are the key players in Direct Current Motor Market?

ABB Ltd, AMETEK Inc. (Dunkermotoren GmbH), Johnson Electric Holdings Limited, Nidec Corporation and Siemens AG are the major companies operating in the Direct Current Motor Market. Read More

Which is the fastest growing region in Direct Current Motor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Direct Current Motor Market?

In 2024, the Asia Pacific accounts for the largest market share in Direct Current Motor Market. Read More

What years does this Direct Current Motor Market cover, and what was the market size in 2023?

In 2023, the Direct Current Motor Market size was estimated at USD 541.14 million. The report covers the Direct Current Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Direct Current Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Direct Current (DC) Motor Market Share

Statistics for the 2023 & 2024 Direct Current (DC) Motor market share, created by Mordor Intelligence™ Industry Reports. Direct Current (DC) Motor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Direct Current (DC) Motor Industry

The direct current (DC) motor market is fragmented and is witnessing rising competitiveness among companies. The market consists of major players, such as ABB Ltd, AMETEK Inc. (Dunkermotoren GmbH), Johnson Electric Holdings Limited, Nidec Corporation, and Siemens AG. In terms of market share, these significant players currently dominate the market. However, with increasing technology innovations, many companies are increasing their market presence by securing new contracts and tapping new markets.

December 2023 - Franklin Electric Co. Inc., which offers motors, drives, and controls for residential, commercial, agricultural, and industrial applications, announced that it had acquired the assets of Action Manufacturing & Supply Inc., a provider of control valves for commercial and industrial applications. This acquisition helps the company strengthen and expand its channels and products for water treatment in critical geographic areas.
July 2023 - Nidec Corporation announced that it acquired full ownership of TAR, LLC d/b/a Houma Armature Works. This service partner remanufactures motors and generators and provides field service to oil and gas producers operating out of Louisiana and Texas. Through this acquisition, NMC will be able to enhance its service offering, including expanding its share within its own US installed base. Houma will be able to provide services to NMC's customers.