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Direct Current (DC) Motor Market size is set to grow by USD 25.35 billion from 2024-2028, Rising factory automation and use of industrial robots to boost the market growth, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global direct current (DC) motor market  size is estimated to grow by USD 25.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  12.66%  during the forecast period. Rising factory automation and use of industrial robots is driving market growth, with a trend towards development of sensor-less bldc motor. However, excessive heat generation leading to subdued dc motor performance  poses a challenge. Key market players include ABB Ltd., Allied Motion Technologies Inc., Altra Industrial Motion Corp., AMETEK Inc., ASSUN MOTOR Pte Ltd., ElectroCraft Inc., Johnson Electric Holdings Ltd., maxon motor AG, MinebeaMitsumi Inc., Mitsubishi Electric Corp., Nidec Corp., North American Electric Inc., OMRON Corp., Oriental Motor Co. Ltd., Regal Beloit Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Teknic Inc., and Yaskawa Electric Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Power Output (Less than 750 W, 750 W to 375 kW, and More than 375 kW), Type (Brushed DC motors and Brushless DC motors), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Allied Motion Technologies Inc., Altra Industrial Motion Corp., AMETEK Inc., ASSUN MOTOR Pte Ltd., ElectroCraft Inc., Johnson Electric Holdings Ltd., maxon motor AG, MinebeaMitsumi Inc., Mitsubishi Electric Corp., Nidec Corp., North American Electric Inc., OMRON Corp., Oriental Motor Co. Ltd., Regal Beloit Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Teknic Inc., and Yaskawa Electric Corp.

Key Market Trends Fueling Growth

The DC motor market is driven by the adoption of Brushless DC (BLDC) motors due to their efficiency, fast response, and quiet operation. While BLDC motors eliminate mechanical commutation’s frictional losses and wear, they require sensors for electronic commutation, increasing design complexity and cost. However, recent advancements in sensorless technology, such as Texas Instruments’ drive systems using back EMF for position feedback, reduce the need for costly hall sensors and complex controllers, expanding BLDC motor applications. 

The DC Motor market is experiencing significant growth, driven by the increasing demand for electric vehicles and renewable energy systems. Automobiles, especially electric and hybrid vehicles, are major consumers of DC Motors. Copper and commutator materials are essential components in DC Motors, making their availability and cost crucial to the industry.

Brushless DC Motors and AC motors with DC control are trending due to their higher efficiency and longer lifespan. Power and control systems, such as converters and inverters, are also important in the DC Motor market. The market is expected to continue growing, driven by the need for cleaner and more efficient energy solutions. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The DC motor market faces challenges from overload and high operating temperatures. Factors such as low insulation resistance and harsh conditions increase heat generation. Motor winding resistance also contributes to heat build-up when current flow exceeds optimal levels. Copper impurities cause vibration and temperature rises, affecting motor performance. These issues, despite R&D investments, negatively impact market growth.The DC Motor market faces several challenges. One major issue is the increasing demand for energy-efficient and cost-effective solutions. Copper and rare earth materials, essential for DC Motor production, are becoming scarce and expensive. Additionally, the need for high torque and power density in motors presents a challenge. The integration of renewable energy sources and the development of smart grids require DC Motors with superior control and flexibility.The market also requires motors with longer lifespan and minimal maintenance. The use of advanced materials and technologies, such as permanent magnet materials and power electronics, can help address these challenges. However, the high cost of these technologies remains a significant barrier. The market must find a balance between performance, cost, and sustainability to meet the evolving demands of various industries.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

Power Output1.1 Less than 750 W1.2 750 W to 375 kW1.3 More than 375 kWType 2.1 Brushed DC motors2.2 Brushless DC motorsGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Less than 750 W-  The DC motor market for motors with power ratings under 750 W experiences growth due to their efficiency and reliability. Motors like the Maxon RE 40 (550 W) and Faulhaber 2232 SR (460 W) are popular choices for robotics, medical technology, automation, and scientific research. The Mabuchi RS-775WC (500 W) is commonly used in consumer electronics, power tools, EVs, and home appliances. Industrial machinery, such as the Baldor DCE-BPMSDC (750 W), utilizes these motors in conveyors, pumps, and fans due to their robust construction and high torque.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Direct Current (DC) Motor market encompasses various industries, including the Discrete industry, HVAC Industry, and Automobiles. DC Motors find extensive applications in appliances such as power windows and computer peripherals. In the Discrete industry, DC Motors are utilized in industrial robots and controllers.

The HVAC Industry leverages DC Motors in Blower fans, while the Automobile sector integrates them into Powertrain systems and chassis. Urbanization and Lifestyle trends have led to an increased demand for Energy-efficient motors, such as Brushless DC Motors, in Electric vehicles and Consumer electronics. The US government’s focus on IoT, Artificial intelligence (AI), and Safety fittings further boosts the DC Motor market growth.

Market Research Overview

The Direct Current (Dc) Motor Market encompasses the production, consumption, and distribution of Dc motors worldwide. These motors, which convert electrical energy into mechanical energy through the movement of conductor particles in a magnetic field, are integral to various industries. They find extensive applications in fields such as transportation, pumps and fans, robotics, and defense.

The market for Dc motors is driven by factors like increasing automation in industries, growing demand for energy-efficient solutions, and the expanding renewable energy sector. Additionally, advancements in materials science and manufacturing technologies continue to enhance the performance and efficiency of Dc motors. The market is expected to grow significantly in the coming years, with key trends including the miniaturization of motors and the integration of smart technologies.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Power OutputLess Than 750 W750 W To 375 KWMore Than 375 KWTypeBrushed DC MotorsBrushless DC MotorsGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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GAC Wins 8 Awards, Including 4 First Prizes, Showcasing Technological Innovation Strength

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SUZHOU, China, Oct. 31, 2026 /PRNewswire/ — On October 28, GAC won 8 awards at the 2026 China-SAE Science and Technology Award ceremony in Suzhou, Jiangsu. In the fields of automotive chips, electric drive, vehicle safety, intelligent driving governance and body design, four first prizes were awarded to two GAC-led projects and two GAC-participated projects, and one GAC-led project won second prize.

In chips, GAC’s led project built a full-chain path from vehicle definition to scale application, working with 105 partners to apply nearly 400 chip models and over 1,000 domestic chips. The HYPTEC GT Special Edition, China’s first ICV with 100% domestically designed chips, has been launched.

In electric drive, GAC pioneered mass production of amorphous alloy stators and carbon-fiber high-speed rotors, becoming the world’s only company to mass-produce amorphous alloy automotive motors. Its amorphous ribbon is just 0.025 mm thick. The motor reaches 99.03% peak efficiency, 17.29 kW/kg power density (@1000V)—nearly three times the industry mainstream—and 30,000 rpm maximum speed; system CLTC efficiency reaches 94.184%. For users, energy consumption drops 4%, and range rises 30-50 km with the same battery capacity. It has been applied to HYPTEC, AION and AISTALAND models and promoted to other automakers. The related precision manufacturing technology won the Gold Medal with Congratulations of the Jury at the 51st International Exhibition of Inventions of Geneva.

In safety, the GAC-led project with Tsinghua University won second prize. It developed China’s first ASIL-D fully domestic safety controller, real-time risk quantification, active-suspension side-impact mitigation, a rear-window airbag and an “automaker-traffic police-hospital” integrated rescue model. It has been applied to 20 models with cumulative sales of 1.446 million units.

In addition, GAC’s participated L2-L4 safety governance project helped establish a full-lifecycle system covering pre-admission, in-process supervision and post-event traceability. Its participated BIW project features an AI-based body design system that generates concept schemes within 5 hours, with over 95% stiffness prediction accuracy and over 30% higher design efficiency; it has been applied to the second-generation GAC GS8, GAC ES9 and GAC All-new S7.

Looking ahead, GAC will uphold innovation-driven development, advance core technology breakthroughs and commercialization, and support high-quality development of China’s auto industry.

For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social.

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SOURCE GAC

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ScienceOra Demonstrates AI-Assisted Hydrogen-Production Catalyst Design Workflow at Tencent Global Digital Ecosystem Summit

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The workflow spans literature analysis, candidate design, experimental planning and industrial decision support, extending AI4S into materials research

SHENZHEN, China, Oct. 30, 2026 /PRNewswire/ — Wenge AI demonstrated an AI-assisted hydrogen-production catalyst design workflow supported by ScienceOra at the 2026 Tencent Global Digital Ecosystem Summit. The demonstration showed how AI for Science (AI4S) can connect literature analysis, catalyst candidate design, experimental planning and industrial decision support, helping materials researchers translate scientific evidence into actionable research plans.

ScienceOra is Wenge AI’s intelligent research decision platform, built on the ScienceOne Scientific Foundation Model. For specialist research tasks such as materials development, the platform brings together scientific models, professional literature, research data and tools to support information access, research-plan development and scientific decision-making.

From literature analysis to catalyst candidate design

The demonstration focused on the design of a high-entropy alloy catalyst for the alkaline hydrogen evolution reaction. To address the need for high activity and durability, ScienceOra searched professional literature and drew on published research methods and elemental properties to support the development of candidate designs. It also cross-checked optimization proposals against relevant literature, providing researchers with references that could be reviewed and verified.

Rather than simply generating material formulations, the workflow connects documentary evidence, materials knowledge and specific design objectives to support more targeted analysis of candidate solutions. Researchers remain responsible for assessing scientific validity and determining subsequent research directions.

From experimental planning to industrial decision support

For experimental planning, ScienceOra can assist in developing research protocols around candidate designs, helping researchers organize experimental variables and producing testing standard operating procedures (SOPs) and related reference information for subsequent validation.

For industrial applications, the platform can also support comparative analysis across dimensions such as the feasibility of scaled hydrogen production, performance at industrially relevant current densities, durability, raw-material availability and compatibility with mass-production synthesis processes. It can then assist in establishing decision priorities, screening criteria and process-improvement recommendations.

Candidate designs, experimental plans, process recommendations and references can be consolidated into a structured research report, helping R&D teams assess scientific evidence alongside engineering constraints. AI provides analytical and decision support, while experimental testing and scientific validation remain essential parts of materials research.

Previously disclosed collaboration reports design efficiency and activity improvements

In a previously disclosed industry–research collaboration on hydrogen-production catalyst design, ScienceOra supported literature analysis and research-plan development. The collaboration reported a 38% improvement in catalyst activity and reduced the design stage from several months to 30 minutes. The case illustrates the potential of domain-specific AI to connect scientific literature, research design and engineering requirements.

ScienceOra was recently made available on Tencent WorkBuddy, with an initial offering of more than 30 research expert agents and skills covering literature analysis, research hypotheses, plan design, modeling and simulation, validation analysis and research communication. The conference demonstration further illustrated how ScienceOra can be applied to specialist materials research, as AI4S moves beyond general information processing toward support for research workflows and industrial R&D decision-making.

For more information, visit https://www.scienceone.ai/portal/.

About Wenge AI

Wenge AI (1956.HK) is a provider of artificial intelligence technology and service platform products for enterprises. With self-developed large models as its core, the company helps enterprises build practical intelligent platforms and applications. Founded by a team of AI scientists from the Chinese Academy of Sciences, Wenge AI has deep technological expertise in large models, cognitive intelligence and complex-system modeling, and is committed to advancing AI from technological capabilities to enterprise-level applications.

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SOURCE Wenge AI

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Cake Digital Bank Wins Gold at Qorus-Infosys Finacle Banking Innovation Awards 2026

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ROME, Oct. 31, 2026 /PRNewswire/ — Cake Digital Bank, a digital-only bank from Vietnam, has won Gold at the Qorus-Infosys Finacle Banking Innovation Awards 2026 for its initiative, “Reinventing Financial Experiences Through an AI-First Banking Model.” Cake was the only financial institution from Vietnam recognized at this year’s awards.

The winners were celebrated in Rome, Italy, during Infosys Finacle Conclave 2026. The 13th edition of the awards attracted 538 submissions from 206 financial institutions across 68 countries, with 37 institutions recognized across ten award categories. The selection process combined voting by industry peers with evaluation by an expert jury of 81 senior banking executives.

The award-winning institutions included leading international banking names such as Santander, Commonwealth Bank, DBS, Maybank, and CaixaBank, reflecting the global scope and competitive landscape of the awards.

John Berry, Chairman of Qorus, observed that the banking industry is entering a new era in which AI is becoming integral to innovation, transforming initiatives and expanding the possibilities of financial services.

Building an AI-First Banking Model from the Ground Up

As artificial intelligence becomes increasingly central to banking innovation, financial institutions face a growing challenge: translating technological capabilities into better customer experiences, greater operational efficiency, and sustainable business performance.

Cake’s AI-first approach reflects this industry shift while taking a different starting point. Rather than integrating AI into established banking processes, Cake was built as a digital-only bank from the outset, embedding AI, data, and automation into its technology architecture, operating model, and customer journeys.

This greenfield foundation has enabled Cake to develop an integrated AI-first banking model, where technology supports how the bank makes decisions, manages operations, and delivers financial services at scale.

Supported by its independently developed core banking and card management systems, Cake applies AI across the banking value chain, from customer onboarding, credit assessment, and fraud prevention to risk management, customer service, and personalized financial recommendations.

Beyond operational efficiency, Cake has also invested in localized AI capabilities designed specifically for Vietnamese users, enabling more accessible, responsive, and personalized financial experiences.

Scaling Growth with Efficiency and Sustainable Business Performance

Nearly six years since its launch, Cake has grown to serve more than 8 million customers, demonstrating the scalability of its branchless digital banking model.

Cake achieved positive EBITDA in Q3 2024, just 3.5 years after launch, marking a significant milestone in demonstrating the viability of its digital-only banking model. The bank subsequently recorded 173% year-on-year revenue growth in 2025, followed by a further 121% growth in 2026, reflecting sustained business momentum as it continues to scale. Meanwhile, average revenue per user (ARPU) increased from USD 12 in 2024 to USD 44 in 2026, highlighting Cake’s ability to generate greater value from its growing customer base.

Beyond customer acquisition, Cake’s growth strategy increasingly focuses on deepening customer relationships and expanding the range of financial needs served through its platform and partner ecosystems. This approach reflects the bank’s evolution toward a mature digital banking model, where scale is complemented by stronger customer engagement, operational efficiency, and long-term business sustainability.

Nguyen Huu Quang, CEO of Cake Digital Bank, said:

“Winning Gold at the Qorus-Infosys Finacle Banking Innovation Awards is a meaningful international recognition of Cake’s AI-first banking model. From the beginning, our ambition has been to build a digital bank that combines technological innovation with sustainable business performance, while making financial services simpler, more accessible, and more relevant to customers. This recognition reinforces our commitment to delivering world-class banking experiences for Vietnamese users and continuing to advance our AI-first capabilities.”

The Gold Award marks another milestone in Cake’s development as a next-generation AI-first digital bank. It also demonstrates how a banking model developed and scaled in an emerging market can deliver meaningful customer and business outcomes, contributing practical perspectives to the global conversation on the future of digital banking.

In September 2026, Cake was also named “Vietnam’s Best Digital Bank” by Euromoney under its Group Level Banking Awards, further recognizing the bank’s progress in strategy, technology, and business performance.

About the Qorus-Infosys Finacle Banking Innovation Awards

The Qorus-Infosys Finacle Banking Innovation Awards are jointly organized by Qorus, a global association for retail financial institutions, and Infosys Finacle, a digital banking solutions provider. Now in their 13th edition, the awards recognize innovative initiatives and banking models that deliver meaningful impact across the global financial services industry.

View original content:https://www.prnewswire.com/apac/news-releases/cake-digital-bank-wins-gold-at-qorus-infosys-finacle-banking-innovation-awards-2026-302925502.html

SOURCE Cake Digital Bank

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