As the global economy recovers in 2021 and the supply of the industrial chain improves, the brushed dc motor market will undergo major changes. The global brushed dc motor market is expected to witness a CAGR of more than 4.0% during the period 2022-2027. The COVID-19 pandemic affected the market differentially for various end-user applications. For instance, the automotive segment, where motors are heavily deployed in electric vehicles, did not witness any formidable hurdles to the market growth. But the industrial segment is expected to be negatively affected due to lockdowns that have led to reduced demand for capital goods. For instance, In Europe, the industrial production index for capital goods declined from 100 to 60 in 2020. The global brushed dc motor market is likely to grow due to the increased adoption of motors in the industrial and automotive segments and the increasing rate of industrialization in many regions. However, the restraints like the increasing complexity of these assets and harsh operating conditions leading to wearing out of components are expected to hinder the market growth.
The global brushed dc motor industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global brushed dc motor market during the next few years. The global brushed dc motor market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
The brushed dc motor market can be split based on product types, major applications, and important regions as follows:
Johnson Electric Holdings Limited
GE Industrial Motors
Less Than 75 kV
Between 75 kV - 375 kV
Higher Than 375 kV