In the most recent analysis presented by Report Ocean entitled “Brush Motor Market Analysis and Forecast of Key Trends from 2023 to 2031,” the industry is currently undergoing substantial expansion, showcasing considerable potential for both investors and stakeholders. This comprehensive report delves deeply into the market, encompassing a wide array of factors that intricately influence the trajectory of its growth.
The global Brush Motor market held a market value of USD 7,431.0 Million in 2021 and is projected to reach USD 11,442.8 Million by the year 2027 at a growth rate of 7.5% from 2022 to 2027. Furthermore, in 2021, around 122.01 million units of brush motor were sold.
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Immerse yourself in this all-encompassing report that delivers an exclusive and profound exploration of this specialized sector. Packed with elaborate tables, enlightening figures, and insightful charts, you’ll gain access to pivotal statistics, prevailing trends, and invaluable insights into the competitive landscape. This resource serves as an indispensable toolkit for industry executives, marketing and sales professionals, product managers, consultants, analysts, and stakeholders, offering easily accessible documents rich in lucidly presented tables and graphs. The research not only encapsulates historical data spanning 2017 to 2020 but also projects trends up until 2030.
On June 8th, 2022, the Bureau of Economic Analysis and U.S. Census Bureau released a report detailing the recovery of the U.S. market and international trade. The report highlighted the significant growth in exports and imports, with exports reaching $300 billion in April 2022, an increase of $13.4 billion, and imports amounting to $294.5 billion, increasing by $17.4 billion. Despite the impact of COVID-19 on the global economy, the U.S. market is showing signs of recovery.
Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War.
The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations’ armed forces. Due to Russia’s invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
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Segments Overview:
The global Brush Motor market is segmented into component, type, output power, industry, and sales channel.
By Component,
? Stator
? Rotor / Armature
? Brushes
? Commutator
The rotor/armature segment is estimated to hold the largest market share of around 50% in 2021. The brushes segment is anticipated to witness the fastest growth rate of around 9.1% during the forecast period owing to the various technological advancements.
By Type,
? Permanent Magnet
? Shunt – Wound
? Series ? Wound
? Compound Wound (Shunt + Series)
The series-wound segment is expected to grow at the highest CAGR of 8.9% over the projected period, as they are the most common type of brush motors. The shunt-wound segments holds holds an opportunity of more than USD 1490 Million owing to various advancements in the segment.
By Output Power,
? Less than 750W o/p
? Between 750W and 75kW o/p (Highest CAGR of 8.2%)
? Between 75kW and 375kW o/p
? Greater than 375kW o/p
Between 750W and 75kW o/p segment is expected to witness the highest CAGR of around 8.2% during the forecast period owing to its increasing demand in various industries. The greater than 375kW o/p segment is estimated to surpass a market value of USD 500 million by 2023.
By Industry,
? Aerospace
? Automation
? Broadcast
? HVAC
? Material handling
? Medical
? Oil and Gas
? Power and Energy
? Robotics
? Security
? Transportation
? Others
The aerospace segment is expected to be the highest revenue generating segment in 2021 with more than USD 6,700 million owing to the increasing demand for brush motors in the industry. The medical segment witnessed the highest growth rate of about 10.2% over the projected period owing to the growing medical industry globally. The automation segment holds an opportunity of more than USD 450 Million during 2021-2027 owing to the rising adoption of technologically advanced components in the industry.
By Sales Channel,
? OEM
? Aftermarket
The aftermarket segment is anticipated to witness the fastest CAGR of about 8% during the projected period owing to its rising usage by manufacturers for distribution of brush motors.
Who is the largest manufacturers of Brush Motor Market worldwide?
Major players in the global Brush Motor market include ABB, Allied Motion Technologies, AMETEK, ARC Systems, ASMO, Brook Crompton, Danaher Motion, Franklin Electric, Johnson Electric, Maxon motor, OMRON, OMRON Nidec Corporation, Schneider Electric, Siemens, and Other Players. The cumulative market share of the four major players is more than 35%.
The research provides in-depth details about important industry players, supply chain trends, financials, significant events, and technical advancements. It discusses upcoming tactics, purchases, and mergers in the bulletproof jacket sector. In order to provide a thorough, global perspective on the market, the study has been divided into segments based on type, distribution channel, and geography. It also examines historical and projected growth trends.
Report Includes:
Introduction: This section gives background information on the research issue and explains the need for and rationale for the study’s conduct.
Literature Review: In this section, we give a summary of earlier research on the topic, including pertinent theories, models, and findings from more recent studies.
Methodology: The research design, data collection techniques, and sample size are all fully described in this section. Semi-structured interviews and surveys were employed in this study’s qualitative research design.
Results: The analysis’s findings are given in this part along with tables, graphs, and other visual aids that effectively and succinctly communicate the information.
Discussion: This section’s goal is to offer an explanation of the findings and make comparisons between them and findings from related earlier studies and hypotheses.
Conclusion: The main findings of the study are outlined in this part, along with recommendations for future research and ideas for additional study.
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Reasons to Purchase this Report:
Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.
Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.
Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.
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