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The direct current (DC) motor market size is forecast to increase by USD 25.36 billion at a CAGR of 12.66% between 2023 and 2028. The DC motor market is experiencing significant growth due to various factors. Firstly, the increasing adoption of factory automation and industrial robots is driving demand for DC motors in manufacturing industries. Secondly, the expanding use of DC motors in consumer durables, such as vacuum cleaners and power tools, is contributing to market growth. Lastly, recent advancements in DC motor technology, including brushless DC motors and high-efficiency motors, are enhancing their performance and versatility, further fueling market expansion. Furthermore, the market in the APAC region experiences ongoing demand due to industrialization and urbanization. Factors such as supply chain challenges and the integration of smart technologies in AC motors are influencing market growth. In the manufacturing sector, They are indispensable, powering machinery like pumps, compressors, and conveyor belts. Additionally, Allied Motion Technologies Inc company is involved in the manufacturing and marketing of products for OEMs and end-user applications.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Power Output
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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