Category : Semiconductor and Electronics | Published at : May-2021 | Delivery Format : PDF | Status: Published | Pages : 190
The market for brushless DC motor is expected to grow at a CAGR of around 9.9% from 2020 to 2027 and expected to reach the market value of around US$ 24.2 Bn by 2027.
Brushless DC Motors or BLDC motors convert electrical energy into mechanical energy and features high efficiency and excellent controllability, along with a wide range of applications across various industry verticals. These DC motor does not have brushes as in turn controller provides pulses of current to the motor windings which control the speed and torque of the synchronous motor. These are highly efficient in producing a large amount of torque over a vast speed range including less than 500 RPM, 501 - 2,000 RPM, 2,001 - 10,000 RPM, and more than 10,000 RPM.
Market Dynamics
The increasing demand for heating, ventilation, and air conditioning (HVAC) systems across the globe and especially among the rapidly developing economies is driving the market growth. The low maintenance cost of brushless DC motors is supporting the growing market value. The surging adoption of energy-efficient brushless DC motors across the globe is further bolstering the market value. Furthermore, the transition of the global automotive industry toward electric vehicles due to increasing environmental concerns and awareness among people about the benefits of using an electric vehicle is projected to create potential opportunities over the forecast period from 2020 to 2027.
On the other side, high costs of brushless DC motors and the requirement of controllers in them and in contrast easy availability of low-quality and inexpensive brushless DC motors are likely to hinder the growth to an extent over the forecast period from 2020 to 2027.
Segment Instance of Global Brushless DC Motor Market
Inner Rotor accounted for the maximum revenue share in the global brushless DC motor market
In 2019, Inner rotor segment dominated the market with maximum revenue share and the segment is also projected to maintain its dominance over the forecast period from 2020 to 2027. The increasing use of these types of motor in industrial robots due to rising trends toward automation and technical improvements in industrial robots is contributing to the segmental market value.
Asia Pacific accounted for the maximum revenue share in the global market
In 2019, Asia Pacific dominated the market brushless DC motor market and the region is also projected to maintain its dominance throughout the forecast period with the maximum CAGR (%) during the estimated timeframe. The major economies of the region are the maximum revenue contributors in terms of revenue (US$ Mn) as well as volume. The rapid technological advancement across the industry verticals along with the increasing economic power is supporting the regional market value. Additionally, the boosting demand for electric vehicles is another factor boosting the market value.
Europe follows Asia Pacific in the Brushless DC Motor Market
Asia Pacific is followed by Europe in the brushless DC motor market and the region is also projected to maintain its position over the forecast period from 2020 to 2027. The increasing number of electric vehicle market players in the region along with the aware population focused on the usage of environment-friendly vehicles is contributing to the regional market value. The major economies of the region including the UK and Germany are the major revenue contributors.
Key Market Player
The players profiled in the report include ABB Ltd., Allied Motion Technologies Inc., Ametek, Inc., Arc Systems Inc., Baldor Electric Company, Inc., Bühler Motor GmbH, Faulhaber, Johnson Electric Holdings Limited, Maxon motors AG, MinebeaMitsumi Inc., Nidec Corporation, North American Electric, Inc., Oriental Motor Co. Ltd., Regal Beloit Corp., Schneider Electric, and others
Market Segmentation
Market By Type
Inner Rotor
Outer Rotor
Market By End-User
Industrial Machinery
Motor Vehicles
HVAC Equipment
Aerospace & Transportation
Household Appliances
Healthcare
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
Frequently Asked Questions
The market for brushless DC motor is expected to reach a market value of around US$ 24.2 Bn by 2027.
The brushless DC motor market is expected to grow at a CAGR of around 9.9% from 2020 to 2027.
Inner Rotor is the leading segment by type in the brushless DC motor market
The increasing demand for heating, ventilation, and air conditioning (HVAC) systems, low maintenance cost of brushless DC motors, and surging adoption of energy-efficient brushless DC motors are some of the factors driving the market growth.
ABB Ltd., Allied Motion Technologies Inc., Ametek, Inc., Arc Systems Inc., Baldor Electric Company, Inc., Bühler Motor GmbH, Faulhaber, Johnson Electric Holdings Limited, Maxon motors AG, MinebeaMitsumi Inc., Nidec Corporation, North American Electric, Inc., Oriental Motor Co. Ltd., Regal Beloit Corp., Schneider Electric, and others are some of the prominent players in the brushless DC motor market.
Asia Pacific held the highest market share in the brushless DC motor market
Asia Pacific is expected to be the fastest growing market over the forecast period
