The global brushless DC motor market size is expected to reach USD 26.3 billion by 2028, registering a CAGR of 5.7% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. Low-cost maintenance, high efficiency at lower costs, and the rising adoption of Electric Vehicles (EVs) are some of the key factors driving the product demand over the forecast period.
The
emergence of sensor-less controls for brushless DC (BLDC) type 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 end 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. In addition, these
powertrains are extensively being preferred for performance applications in
vehicles, such as chassis fittings, power-train systems, and safety fittings,
owing to simple structure, fewer maintenance requirements, and extended
operational life. Thus, increasing product adoption by the automobile industry
for multiple applications is anticipated to drive the market over the forecast
period.
Rising
product usage in EVs in mechatronic systems, primarily in batteries for
accumulators and power electronic converters, owing to advantages, such as high
operating speed, compact size, and quick response time, will also augment the
market growth. The production of EVs is on the rise, globally, supported by
government initiatives to encourage the usage of non-conventional fuels and
effectively reduce the adverse impacts of carbon emissions. Thus, the
increasing EV production is anticipated to directly influence the product
demand over the forecast period.
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Brushless DC Motor
Market Report Highlights
- The 0-750
Watts segment is expected to witness the fastest CAGR from 2021 to 2028
due to extensive applications of these products in motor vehicles and
household devices applications
- Extensive
product usage in vehicles for a variety of applications, increased
production of automobiles and EVs across the globe are anticipated to
drive the growth of the motor vehicle end-use segment over the forecast
period
- The
industrial machinery end-use segment accounted for the second-highest
revenue share of over 24% of the global market in 2020
- This growth
was credited to the wide product usage in various industrial machines
owing to its advantages, such as high efficiency, low power consumption,
and low-cost maintenance
- Asia Pacific
is expected to emerge as the fastest-growing regional market registering a
CAGR of over 6% from 2021 to 2028
- Rapid
industrialization in developing nations, such as China, India, and South
Korea, has fueled product adoption in the regional market
- The market is
fragmented and most of the major companies are focusing on developing
low-maintenance and eco-friendly products to gain a competitive edge
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Brushless DC Motor
Market Segmentation
Grand View Research has
segmented the global brushless DC motor market based on power output, end-use,
and region:
Brushless DC
Motors Power Output Outlook (Revenue, USD Million, 2016 - 2028)
- 0 - 750 Watts
- 750 Watts to 3 kW
- 3 kW - 75 kW
- Above 75 kW
Brushless DC
Motors End-use Outlook (Revenue, USD Million, 2016 - 2028)
- Industrial Machinery
- Motor Vehicles
- Safety
- Comfort
- Performance
- HVAC Equipment
- Aerospace & Transportation
- Household Appliances
- Others
Brushless DC
Motors Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
List of Key
Players of Brushless DC (BLDC) Motor Market
- ABB Ltd.
- Ametek, Inc.
- Johnson Electric
- Allied Motion Technologies, Inc.
- Baldor Electric Company, Inc.
- Johnson Electric
- North American Electric, Inc.
- Schneider Electric
- Regal Beloit Corp.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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