The direct drive motor market is likely to create new avenues owing to the increase in demand for high-speed acceleration applications that start quickly and stop instantly. Direct drive motors are connected to the motor without the help of any mechanical elements. Furthermore, they drive the motor and generate minimum heat and noise. Direct drive motors are gaining popularity owing to their efficiency as compared to stepper motors, gear motors, and other conventional motors. These aspects may boost market growth during the forecast period of 2021-2031.
Based on products, the direct drive motor market can be segmented into high-speed motors, medium-speed motors, and low-speed motors. The industrial verticals can be comprised of healthcare, automotive, aerospace, national defense, industrial manufacturing, and others.
The report on the direct drive motor market has been curated by the professional team at TMR. The analysts have put forth deep insights regarding the current market scenario. It throws light on various aspects such as the latest developments, current trends, opportunities, restraints, and regional perspectives. The exhaustive report prepared on the basis of a thorough analysis of each and every aspect helps the stakeholders and CXOs to make proper decisions regarding investments. Furthermore, the effect of COVID-19 pandemic has also been included in this report.
The latest features of direct drive motors such as optimization of performance, ease in operation, and high power torque. The rising awareness about environmental concerns has led to increasing demand for electric vehicles. The stringent regulation by government bodies of various countries regarding emissions has increased the demand for direct drive motors in emission-free vehicles. Furthermore, the government bodies of various developing economies are supporting green transport systems by providing incentives to the buyers. The direct drive motor is an important component in electric vehicles. The rising preference for electric vehicles across the globe to control rising levels of pollution may augment the growth of the direct drive motor market.
The high-energy direct drive motors are getting popular among consumers as they are efficient and are capable of operating at a higher speed. The increasing demand for high-efficiency motors in industrial machinery is likely to provide multiple growth avenues for the direct drive motor market.
The key players operating in the direct drive motor market are focussing on extensive R&D activities to enhance the compatibility of the direct drive motors. Furthermore, the players are paying attention to the technicalities in the production of such components to ensure market growth. They are into the strategic planning of business modules to gain immense revenue. The cut-throat competition among the players has created collaborations for the market growth with new startups, partnerships, joint ventures, and others. The technological development and added features in the direct drive motor market. The new product launches and marketing activities may bring immense growth opportunities for the direct drive motor market. All these recent researches and innovations also have tapped new opportunities for the direct drive motor market.
Some of the well-entrenched players are Yaskawa Electric Corporation, Kollmorgen industrial automation, Fisher & Paykel Technologies, Mitsubishi Electric Corporation, and Ingénue Cat SL.
The global market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and South Africa. North America is expected to show significant growth owing to the increasing use of electrical vehicles in this region. Asia Pacific is anticipated to follow North America in terms of growth owing to the increasing research and development activities. In addition, the popularity for electric vehicles has propelled the demand for the direct drive motor market
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Direct Drive Motor Market
*86 figures and 60 tables includes