Brushless DC Motor Market: Current Analysis and Forecast 2021-2027

Global Brushless DC Motor Market was valued at US$ xx billion in 2020 and is anticipated to reach US$ xx billion by 2027 displaying a CAGR of xx% over the forecast period (2021-2027). Brushless DC motors are often used in modern devices where low noise and low heat are required, especially in devices that run continuously. This may include washing machines, air conditioners and other consumer electronics. The benefits associated with brushless DC motors such as low noise level, high torque, saving energy, and increased operational efficiency fuel the growth of the market. Also, these motors offer optimum efficiency and reliability at the same time, which proves to be economical in many applications, such as window lifters, air conditioners, and sunroof actuators. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. Furthermore, the market is driven by the rising activity in the Electric Vehicle (EV) industry, globally. The growing popularity of vehicle features, such as motorized seats, adjustable mirrors, and sunroof systems, is driving the demand for BLDC motors. For instance, as per IEA, more than 10 million electric cars were on the world's roads in 2020 and the same is set to grow at an expanded rate over the next 10 years.
The global brushless DC motor market is driven by its increasing usage in wide range of applications in industries such as marine, automotive, chemicals, paper & pulp, food processing, electronics manufacturing, semiconductors, and aerospace. Furthermore, the rising trend of high-tech electronics, such as drones and mobility scooters, and the introduction of sensor-less BLDC motors, are also contributing to the market growth.
AMETEK, Inc., Nidec Corporation, Allied Motion Technologies Inc., Johnson Electric, ABB Ltd. etc. are some of the prominent players operating in the Global Brushless DC Motor Market. Several M&As along with partnerships have been undertaken by these players to facilitate countries with more innovative Brushless DC Motor applications.
Insights Presented in the Report
"Amongst type, Inner Rotor segment holds the major share."
Based on type, the market is segmented into Inner Rotor, and Outer Rotor. The Inner Rotor segment grabbed XX% market share of the Global Brushless DC Motor Market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 owing to its adoption in industrial robots due to a rise in trend toward automation and technical improvements in industrial robots.
"Amongst Power output type, 0-750 W dominated the market in 2020."
Based on Power output type, the market is segmented into 0-750 W, 750 W to 3 KW, 3 kW - 75 kW, & Above 75 kW. In 2020, the 0-750 W segment dominated the Brushless DC Motor Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing to the wide usage of these products in numerous applications, such as fans, pumps, compressors, machine tools, domestic appliances, electric cars, HVAC applications, power tools, and automated robots.
"Amongst End User type, Automotive segment dominated the market in 2020."
Based on End user type, the market is classified into Consumer Electronics, Automotive, Manufacturing, Medical Devices, and Others (including HVAC, agricultural, solar pumps, and aerospace & defense applications). The Automotive segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as automobile industry uses motors of different types and specifications for numerous applications.
"Asia Pacific represents as the largest market in the Global Brushless DC Motor Market."
For a better understanding of the market adoption of Brushless DC Motor, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 on account of growing investments in electronics & industrialization in different countries of the region.
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Brushless DC (BLDC) motors have experienced a rapid adoption in the marketplace and over a broad range of motion control applications due to the distinct benefits they have over traditional brushed DC motors: less maintenance, higher operating speeds, compactness, less electrical noise, better torque-to-weight ratios etc. Brushless motors are commonly used as pump, fan and spindle drives in adjustable or variable speed applications as they are capable of developing high torque with good speed response. In addition, they can be easily automated for remote control. The most common uses of brushless DC motors in industrial engineering are linear motors, servomotors, actuators for industrial robots, extruder drive motors and feed drives for CNC machine tools. The rising trend of industrial automation and the growing popularity of miniature electronic devices are among the key factors bolstering the global BLDC motors market growth. Moreover, the increasing focus on minimizing the environmental footprint is escalating the adoption of hybrid electric vehicles (HEVs), which, in turn, is influencing the demand for BLDC motors positively. However, some of the restraints in the market include high Cost of brushless DC motors, easy availability of low-quality and inexpensive brushless DC motors which are some factors impeding the growth of this market all over the world.
Based on type, the market is segmented into Inner Rotor, and Outer Rotor. The Inner Rotor segment grabbed XX% market share of the Global Brushless DC Motor Market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 owing to its adoption in industrial robots due to a rise in trend toward automation and technical improvements in industrial robots.
Based on Power output type, the market is segmented into 0-750 W, 750 W to 3 KW, 3 kW - 75 kW, & Above 75 kW. In 2020, the 0-750 W segment dominated the Brushless DC Motor Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing to the wide usage of these products in numerous applications, such as fans, pumps, compressors, machine tools, domestic appliances, electric cars, HVAC applications, power tools, and automated robots.
Based on End user type, the market is classified into Consumer Electronics, Automotive, Manufacturing, Medical Devices, and Others (including HVAC, agricultural, solar pumps, and aerospace & defense applications). The Automotive segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as automobile industry uses motors of different types and specifications for numerous applications.
For a better understanding of the market adoption of Brushless DC Motor, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 on account of growing investments in electronics & industrialization in different countries of the region.
Some of the major players operating in the market include AMETEK, Inc., Nidec Corporation, Allied Motion Technologies Inc., Johnson Electric, ABB Ltd. etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.