Technology Research Reports DC Motor Control Devices Market | Page 2

However, factors such as uncertainties in raw material prices, limited availability of components, and reduction in
overall production of raw materials are contributing to increased product costs, thereby negatively impacting market
growth. In order to overcome these challenges, major companies are undertaking several measures to maintain
consistency in prices and availability of raw materials. These companies have been entering into long-term supplier
contracts to mitigate risks associated with quality and quantity of materials.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/dc-motor-control-devices-
market
Further key findings from the study suggest:
• North America accounted for more than 25.0% of the overall market in 2018 and is expected to
witness steady growth over the forecast period owing to presence of key market incumbents such
as Eaton Corporation Plc and ABB offering cost-effective solutions and quality products
• The consumer electronics segment accounted for a significant in 2018 and is anticipated to grow
at a substantial CAGR over the forecast period owing to increasing demand for handled devices
and home appliances in developing countries such as India and China
• Prominent players in the DC motor control devices market include ABB, Eaton Corporation Plc,
General Electric, and OMRON Corporation. These companies are extensively investing in
research and development activities in order to introduce compact products.
Grand View Research has segmented the global DC motor control devices market based on application and
region:
DC Motor Control Devices Application Outlook (Revenue, USD Million, 2014 - 2025)
• Consumer Electronics
•
•
•
o Smart Motorized Devices
o High End Toys
o Social Robots
o Others
Automotive & Transportation
o Marine Outboard Motors
o Others
Industrial
o ATM Machines
o Pan Tilt Zoom Cameras
o Water Pump
o Actuators & Other Robotic Devices
o Others
Medical Devices
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