Brushless DC Motors Market Analysis:
The Brushless DC Motors Market is expected to reach the CAGR of 8.21% during forecast period 2022-2030, due to transition towards energy-efficient motors.
Brushless DC motors are a type of permanent magnet motors that generates an electric current to drive each phase of the motor through a closed-loop controller. These motors feature high efficiency and excellent controllability and are widely used in various applications, such as consumer electronics, transportation, heating and ventilation, industrial engineering, and model engineering. The major advantage of brushless DC motors is their high level of efficiency, as these motors can be controlled continuously at a maximum rotational force. Furthermore, brushless DC motors have many advantages over other types of motors because they need less maintenance than brushed DC motors. Furthermore, brushless DC motors operate effectively at all speeds with rated loads and offer a greater speed range, lower electric noise generation, and a reduced size with superior thermal characteristics.
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Report Attribute/Metric
Details
CAGR
8.21% CAGR (2022-2030)
Base Year
2021
Forecast Period
2022-2030
Historical Data
2019 & 2020
Forecast Units
Value (USD Million)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Type, Speed and End-Use
Geographies Covered
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Some of the factors that are driving the brushless DC motors market include the increased use of brushless DC motors across major industries such as automotive, rising demand from HVAC application segments, the transition to energy-efficient motors, and the high maintenance costs of brushed DC motors. End-users prefer energy-efficient motors because they reduce their overall cost. For smooth operation, industrial systems all over the world depend on energy-efficient electric motors. Many major players have begun to develop motors that are technologically advanced and have high energy efficiency. ABB, for example, set a record in energy efficiency in 2017 by developing a 44 MW six-pole synchronous motor with an efficiency level greater than 98.9%.
The global brushless DC motor industry is expected to expand rapidly during the forecast period, owing to the growing use of energy-efficient motors in a variety of industries. Policymakers also have taken the initiative to identify opportunities for high-energy efficient motor potentials. In line with this, some of the policies, such as minimum standards and motor labeling schemes, have already been introduced in many countries.
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COVID-19 Impact on the Global Brushless DC Motors Market
The COVID-19 pandemic has had a negative impact on the BLDC motors market. For example, the demand for electronics has slowed recently due to low consumer demand and disrupted supply chains of raw materials and components, which has hindered the BLDC motors industry. However, demand for these motors is expected to rise due to the increased production and adoption of electric vehicles that use BLDC motors. Furthermore, the rising demand for washing machines, air conditioners, and other electronic products is expected to drive the market in the coming years.
Market Segmentation
The global brushless DC motors industry has been segmented based on type, speed, and end-use.
By type, the global brushless DC motors market has been segmented into the inner rotor and outer rotor.
By speed, the global brushless DC motors market has been segmented into less than 500 rpm, 501-2,000 rpm, 2,000-10,000 rpm, and above 10,000 rpm.
By end-use, the global brushless DC motors market has been segmented into consumer electronics, automotive, manufacturing, healthcare, and others.
Regional Analysis
The global brushless DC motors industry has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
During the forecast period, Asia Pacific is anticipated to dominate the brushless DC motor market as the region is a hub for manufacturing electronic components and devices for various industries. Furthermore, the region has seen significant investment in the production of electric vehicle components, especially batteries systems.
Key Players
The key players active in the global brushless DC motors market are Allied Motion Inc. (US), Johnson Electric Holdings Limited (Hong Kong), WEG (Brazil), Nidec Corporation (Japan), Arc Systems (US), Anaheim Automation, Inc. (US), Bühler Motor GmbH (Germany), Electrocraft Inc. (US), Toshiba Corporation (Japan), Ametek, Inc. (US), Rockwell Automation, Inc. (US), Siemens (Germany), and GE (US).
Summary
The global brushless DC motors market is anticipated to grow at a 9.50% CAGR from 2018 to 2023 (forecast period). Brushless DC motors are a permanent magnet motor that generates an electric current to drive each phase of the motor through a closed-loop controller. These motors feature high efficiency and excellent controllability and are extensively used in various applications, such as consumer electronics, transportation, heating and ventilation, industrial engineering, and model engineering.
The global brushless DC motor market size is expected to reach USD 27.2 billion by 2027, registering a CAGR of 6.6% over the forecast period, according to a study conducted by Radiant Insights, Inc.
Low maintenance costs, retrofitting of existing air, high-efficiency at lower costs, and the rising adoption of electric vehicles are some of the key factors driving their growth over the forecast period.
This is owing to advantages such as high operating speed, compact size, and quick response time.
Further key findings from the report suggest: • On account of benefits including durability and less maintenance, the brushless DC motor captured a substantial market share in 2019, a trend that is anticipated to continue over the forecast period.
Numerous industrial machines deploy the motor owing to advantages offered such as high efficiency, low power consumption, and low maintenance costs • Asia Pacific is expected to emerge as the fastest-growing regional market, whilst registering a CAGR 8.0% over the forecast period.
Increasing industrialization in developing nations such as China, India, and South Korea has fueled the regional market • The key players capturing major market share include ABB Ltd; Ametek Inc.; Johnson Electric; and Nidec Motor Corporation.
The latest trending report Global Frameless Brushless DC Motors Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Frameless Brushless DC Motors market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.1% in the forecast period of 2020 to 2025 and will expected to reach USD 258.7 million by 2025, from USD 229.3 million in 2019.The Frameless Brushless DC Motors market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/22456-frameless-brushless-dc-motors-market-analysis-reportThe major players covered in Frameless Brushless DC Motors are:KollmorgenPortescapBEI KimcoMoogJohnson ElectricMaxon MotorServotecnicaShinano KenshiWoodwardSkurka AerospaceMclennanAerotechARC SystemsBy Type, Frameless Brushless DC Motors market has been segmented into12V-24V24V-48VOtherBy Application, Frameless Brushless DC Motors has been segmented intoIndustrial AutomationMedical DeviceAerospace & DefenseOtherThe report offers in-depth assessment of the growth and other aspects of the Frameless Brushless DC Motors market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Frameless Brushless DC Motors Market @ https://www.decisiondatabases.com/contact/download-sample-22456The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Frameless Brushless DC Motors product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Frameless Brushless DC Motors, with price, sales, revenue and global market share of Frameless Brushless DC Motors in 2018 and 2019.Chapter 3, the Frameless Brushless DC Motors competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Frameless Brushless DC Motors breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Frameless Brushless DC Motors market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Frameless Brushless DC Motors sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Frameless Brushless DC Motors Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-22456Other Reports by DecisionDatabases.com:Global EV Traction Motor Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global Gear Motors Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global HVAC Motors Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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