The Latin America, Middle East and Africa DC Motor Control Devices Market would witness market growth of 9.4% CAGR during the forecast period (2023-2030).
The DC motor control devices market has witnessed a steady and widespread adoption. As industries increasingly recognize the need for precision, efficiency, and sustainability, the demand for advanced motor control technologies has surged. The adoption is driven by the escalating requirements for automation, which is a productivity enhancer and a means to address safety concerns in hazardous environments. Moreover, the expanding scope of electric vehicles (EVs) has spurred the demand for sophisticated DC motor control systems. In its pursuit of electrification, the automotive industry relies heavily on precise motor control to optimize battery efficiency, manage power distribution, and enhance overall vehicle performance.
Furthermore, the uses of these devices extend beyond basic motor operation. These devices ensure optimal performance, energy efficiency, and safety across various applications. In industrial settings, variable speed drives and controllers govern the rotational speed of DC motors, allowing for flexibility in operations and minimizing energy consumption during periods of lower demand.
The UAE's warm climate emphasizes efficient air conditioning systems in vehicles. As the UAE invests in electric vehicle charging infrastructure, the demand for these devices in charging stations will likely grow. Electric vehicle power steering systems use these devices to provide precise and responsive steering assistance in UAE. According to the Dubai Water and Electricity Authority, the number of EVs in Dubai is predicted to be about 7,331 in 2023 and 12,852 by 2025. This supports Dubai's Green Mobility Strategy 2030, which mandates that by 2030, 30% of public sector vehicles and 10% of all new vehicle sales will be electric or hybrid. Due to the above-mentioned factors, the market will grow significantly in this region.
The Brazil market dominated the LAMEA DC Motor Control Devices Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $41.1 million by 2030. The Argentina market is experiencing a CAGR of 10% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 9.1% during (2023 - 2030).
Based on Application, the market is segmented into Consumer Electronics (Consumer Electronics Type, Smart Motorized Devices, High-end Toys, Social Robots & Others), Industrial (ATM Machines, Water Pump, Pan tilt zoom cameras, Actuators & other robotic devices, Others), Automotive & Transportation (Marine Outboard Motor, Others), Medical Devices (CPAC Machines, Oxygen Concentrator Machines, Breast Pump, Others), and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide DC Motor Control Devices Market is Projected to reach USD 2 Billion by 2030, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Eaton Corporation PLC, General Electric Company, Johnson Electric Holdings Limited, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, STMicroelectronics N.V., Toshiba Corporation, Ametek, Inc.
By Application
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