Africa DC Motor Market Set to Hit 210 Million Units and $2.3 Billion by 2035
The Africa DC motor market will experience constant growth going forward due to the increased industrialization, electrification and demand of compact electric motor in various sectors. Recent IndexBox report indicated that the Africa DC motor market will be in 210million units and 2.3 billion dollars by 2035. In 2024, consumption in the Africa DC motor market was 179 million units with an approximate value of 1.4 billion with Ethiopia, Kenya and Cameroon being the leading consumers. The prospects of the Africa DC motor market remain to be optimistic as more production capacity will be obtained and trade dynamics will be enhanced.
Market Outlook and Key Trends
In the future, Africa DC motor market has a moderately high volume CAGR of 1.5 till the year 2035 and the growth in value is projected to be high at 4.8. Ethiopia, Kenya and Cameroon constitute more than half of the Africa DC motor market consumption and Egypt is the fastest growing market both in numbers and in value. Despite Africa being a net importer, the rate of export is growing at a high pace, with the lead of this being by Morocco and Tunisia. The price trends are seen to put long-term pressure on the prices of exports, whereas the demand in efficient DC motors keeps increasing in the Africa DC motor market.