Brushless DC Motor Market valued at USD 12.31 Billion in 2020 is estimated to grow up to USD 23.52 Billion in 2028 at CAGR of 8.43%
The Brushless DC Motor Market was valued at USD 12.31 billion in 2020 and is estimated to grow up to USD 23.52 Billion in 2028 at a CAGR of 8.43%. It is also known as a commutated motor. A brushless DC motor is a synchronous motor powered by a charge via a power supply. It generates AC power, which further generates the respective phase of the motor through a closed loop. It has a controller, which provides current pulses to the wind motor to control speed and torque. Electronic control, high power to weight ratio, and high speed make a Brushless DC Motor Market advantageous over other motors. They find their applications in hand-held power tools, computer peripherals, printers, disk drives, and vehicles. Compared to a conventional motor, the brushless DC motors ensure less wear and tear and reduce overall maintenance costs.
The emergence of sensor-less controls for brushless DC motors is likely to boost the durability and reliability of the product, thereby reducing the number of mechanical misalignments, electrical connections, as well as the weight and size of the product. These factors are further estimated to drive market growth over the forecast period. Furthermore, the growing production of vehicles, globally, to cope up with the rising demand is anticipated to have a positive impact on the market growth. The product is extensively used in motorized vehicle applications, such as in sunroof systems, motorized seats, and adjustable mirrors.
Several benefits are associated with brushless DC motors such as low noise level, high torque, saving energy, and increase operational efficiency increase the growth of the market. The rise in the trend of industrial automation and the growing popularity of miniature electronic devices drive the brushless DC motors market growth. Brushless DC motors find use in various applications such as hand dryers, surgical devices, fans, pumps, compressors, and domestic appliances. An increase in urban population and a rise in consumer awareness about eco-friendly products drive the growth of the brushless DC motors market share.
Brushless DC motors are costlier than other types of motors as they require electric controllers to ensure their smooth operations. These motors have been designed for use in applications wherein they are to replace brushed DC motors, which are inexpensive. Though brushless DC motors are cheap, their brushes wear out from rubbing against the contact point and axles, thus impeding their performance. Thus, the high costs of brushless DC motors and the requirement of controllers in them act as a restraint for the growth of this market. However, high capital investment, and downtime in the automotive industry, is anticipated to restrain the growth of the brushless DC motors market.
Based on type, the Brushless DC Motor Market is segmented as Inner Rotor Brushless DC Motors, Outer Rotor Brushless DC Motors, and based on end-user it is segmented as Industrial Machinery, Automotive, Healthcare, HVAC Industry, and others.
Asia Pacific is expected to dominate the Brushless DC Motor Market during the forecast period as the region is a hub for manufacturing electronics components and devices corresponding to various industries. In addition, the region has also been witnessing high investments for manufacturing electric vehicle components, majorly batteries systems. The global brushless DC motors market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the Rest of Europe), Asia-Pacific (Japan, China, South Korea, India, Australia, and the Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, GCC, South Africa, and Rest of LAMEA). Asia Pacific is expected to hold the largest market share during the forecast period and is expected to grow at a significant CAGR of 29.36%.
The major market players of Brushless DC Motor Market are Allied Motion Technologies Inc., AMETEK Inc., Arc Systems Inc., Buhler Motor GmbH, Faulhaber Group, Johnson Electric Holdings Limited, Maxon motors AG, Nidec Corporation, and Oriental Motor Co. Ltd. The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the changing consumer demands.
Browse the full Report - Brushless DC Motor Market by Type (Inner Rotor Brushless DC Motors, Outer Rotor Brushless DC Motors), by End User (Industrial Machinery, Automotive, Healthcare, HVAC Industry, Others), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)