Direct Drive Motors Market Outlook - 2030
A direct drive motor is a motor in which the load is directly connected to the motor without the help of any mechanical elements such as gearboxes, pulleys and belts. The direct drive motor is a type of motor that directly drives the load. In addition, the use of direct drive motor reduces the number of moving parts in the system and therefore generates less heat and low noise during the operation of the motor, which makes the direct drive motor efficient when compared with others types of motors such as stepper motors, gear motors, and many others.
The direct motors consist of a rotor, stator, magnet, shaft and temperature sensor. The direct drive motor is deployed in the areas where high positioning accuracy is required. Yaskawa Electric Corporation and Mitsubishi Electric Corporation are the major players in the direct drive motors market.
The global direct drive motors market is segmented on the basis of product, industry verticals, and region. Based on product, the market is divided into high speed motor, medium speed motor and low speed motor. In terms of industry verticals, the market is categorized into automobile industry, healthcare industry, aerospace, national defense, industrial manufacture and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global direct drive motors industry include Continental AG, Dover Motion, Dana TM4, Celera Motion, Yaskawa Electric Corporation, Protean electric, Moog Inc., Mitsubishi Electric Corporation, Aradex AG, ETEL SA, One Motion, MTI Torque Systems, Kollmorgen industrial automation, Ingenia Cat SL, Fisher & Paykel Technologies, NTI AG LinMot and Magnetic Innovations. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global direct drive motors market.
COVID-19 Scenario Analysis
The COVID-19 pandemic is a global public health emergency that has adversely impacted almost all industries across the globe. The COVID-19 outbreak has forced the Governing bodies to enforce strict lockdowns and impose travel restrictions in order to control the spread of the COVID-19 outbreak. The COVID-19 pandemic has forced many industries to shut down and to work with a limited workforce.
Furthermore, due to the COVID-19 pandemic the supply chain management systems were disrupted and the instruction by the Governing bodies to follow the social distancing norms has drastically affected the growth of almost all the businesses across the globe. The direct drive motors industry has been also negatively impacted by the COVID-19 impact. However, after the COVID-19 pandemic, the direct drive motors market share is expected to grow with the rising demand for electric vehicles in the market.
Top Impacting Factors
The growth of the direct drive motors market is primarily dependent upon the beneficial features that it possesses such as high torque to power ratio, performance optimization and its ease in operation. Moreover, in the automotive industry, the desire to reduce greenhouse gas emission and the Government support for developing green transportation in developed countries along with various tax incentives provided by the government bodies for electric vehicle, will stimulate the growth in demand for the electric vehicle in the market. The direct drive motor is an essential component in the electric vehicle. Therefore, the rise in demand for electric vehicles will led to the growth of direct drive motors market.
However, certain rare earth material such as neodymium, dysprosium and yttrium, is being used in the manufacturing of the direct drive motor. The extraction of the rare earth material will cause environmental damage and this factor is anticipated to limit the growth of the direct drive motors market.
High Efficiency of Direct Drive Motor
The direct drive motors reduce the need for power transmission components such as gear boxes, linkages and couplings which ensures high efficiency by reducing the heat loss and energy loss generated due to moving parts of power transmission components. Direct drive motors can operate with higher speeds and greater precision when compared with electromagnetic drive technologies. The direct drive motors market is accelerated by the increase in demand for high end industrial machinery in the machine tool, semiconductor equipment, electronics assembly, flat pane, and production sectors.
Emerging Demand for Electric Vehicles
In recent years, there has been a tremendous increase in air pollution due to a surge in the use of automobiles across the globe. In order to reduce air pollution, Government bodies across the world are promoting the use of electric vehicles. The direct drive motor forms an integral part of the electric vehicles. Therefore, the rise in demand for the electric vehicles will pave the way for the growth of direct drive motors market.
Key Benefits of the Report
- This study presents the analytical depiction of the direct drive motors market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the direct drive motors market trends.
- The current market is quantitatively analyzed to highlight the direct drive motors market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed direct drive motors market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Direct Drive Motors Market Research Report
- What are the leading market players active in the direct drive motors market size?
- What the current trends will influence the direct drive motors industry in the next few years?
- What are the driving factors, restraints, and opportunities in the direct drive motors market?
- What are the projections for the future that would help in taking further strategic steps?
Direct Drive Motors Market Report Highlights
By Industry Verticals
Key Market Players
Celera Motion, Fisher?paykel Technologies, One Motion, Dana Tm4, Aradex AG, Yaskawa France, Continental AG, Mitsubishi Electric Corporation, Protean Electric, Dover Motion