The global Brushless DC Motor market size is expected to be worth around US$ 30.3 billion by 2030, according to a new report by Vision Research Reports.
The global Brushless DC Motor market size was valued at US$ 20.1 billion in 2020 and is anticipated to grow at a CAGR of 10.7% during forecast period 2021 to 2030.
Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38397
Brushless DC Motor Market (By Power: 0 – 750 Watts, 750 Watts to 3 kW, 3 kW – 75 kW, Above 75 kW; By End-Use: Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Growth Factors
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.
Report Highlights
In terms of revenue, the motor vehicle segment dominated the market with a share of 30.6% in 2020. It is also anticipated to emerge as the fastest-growing segment at a CAGR of over 10% from 2021 to 2030. The automobile industry uses motors of different types and specifications for numerous applications. Brushless DC motors are preferred over conventional powertrains primarily due to the absence of brushes resulting in less friction.
Reduction in friction ensures less wear and tear of the BLDC motor ultimately resulting in a reduction of maintenance required. These motors are thus ideal for numerous applications in motorized vehicles. The segment is further sub-segmented into safety, comfort, and performance. The comfort segment acquired the highest share in 2020 and is expected to register the fastest CAGR from 2021 to 2030.
Comfort motors are primarily used in automatic window operations, sun-roof actuators, mirror adjusters, air conditioning, and HVAC systems. Multiple powertrains are required for each of the applications mentioned above, which are subsequently expected to drive the product demand in vehicles by 2030. The industrial machinery segment acquired a substantial revenue share in 2020 and is anticipated to grow steadily from 2021 to 2030.
In terms of revenue, the 0-750 watts segment dominated the market with a share of 50.6% in 2020. This high share is attributed 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. The high-efficiency BLDC motors are gaining importance due to their long operating life, lower maintenance, low energy consumption, and a higher tolerance for fluctuating voltages. The rising demand for fractional power BLDC motors for various machinery from the agriculture sector in China and India further boosts the product demand.
Asia Pacific dominated the global market with a share of over 50% in 2020. The regional market is estimated to expand further at the fastest CAGR from 2021 to 2030 due to advancements in the agriculture sector and growing investments in industrialization in countries including India, South Korea, and Australia. Latin America and the Middle East and Africa are also expected to witness significant growth from 2021 to 2030 . This is attributed to the changing regulatory scenario and rising awareness concerning the use of eco-friendly and sustainable products.
| Report Coverage | Details |
| Market Size | US$ 30.3 billion by 2030 |
| Growth Rate | CAGR of 10.7% From 2021 to 2030 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | End-Use, Power, Region |
| Companies Mentioned | 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. |
Key Players
Market Segmentation
The study objectives of this report are:
Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38397 or call: +1 9197 992 333
Vision Research Report, Recently Announced New Report on "Smart Lock market - Global Industry Analysis,…
Vision Research Report, Recently Announced New Report on "2D barcode reader market - Global Industry…
Vision Research Report, Recently Announced New Report on "commercial refrigeration equipment market - Global Industry…
Vision Research Report, Recently Announced New Report on "Restaurant Point-of-Sale Terminal market - Global Industry…
Vision Research Report, Recently Announced New Report on "vacuum cleaner market- Global Industry Analysis, Market…
Vision Research Report, Recently Announced New Report on "household refrigerators and freezers market - Global…