Brushless DC Motors Market Poised to Grow Two-fold by 2029
Continuous adoption of electric vehicles across the globe creates demand for brushless DC motors. Automotive applications of the product such as motors for wipers, doors, and adjustable mirrors warrant a continuous supply of brushless DC motors.
Support from government policies and incentives that stimulate consumer preference for electric vehicles over conventional automotive is favorable for the industry.
The global brushless DC motors market will continue to grow at a healthy 6% CAGR during the forecast period (2019 - 2029).
Product properties such as thermal resistance, low maintenance, and the ability to work under extreme temperatures are pushing purchase decisions in favor of brushless DC motors over conventional motors.
Further, the increasing demand for performance and quality motors to improve customer experience strengthens growth of the market.
Brushless DC motors reduce the size, weight, and complex electrical connections in the end-product. This increases the efficiency of modern vehicle features such as window lifters, and air condition systems.
0-750 Watts Power Segment to Drive Product Demand
Modern day fans, pumps, compressors, domestic appliances differentiate themselves based on product efficiency in terms of electricity savings, and enhanced productivity.
The 0-750 watts category of brushless motors is what drives the increased efficiency of these products. The segment holds a majority share of over 49% of the total market value. It also offers an impressive 6.7% CAGR through 2029.
750 watts to 3KW is the second highest revenue generator with over 23% of the total market value.
Increasing industrial production to support the growing consumer manufacturing industry will continue to offer lucrative growth opportunities. The 750 watts to 3 KW segment exhibits a strong 6% CAGR during the forecast period.
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Asia Pacific to Account for Majority Sales
East Asia emerges as the leader of global sales with more than 50% of the total market value share. An emerging electric vehicle market in economies such as Indonesia, Singapore, and Malaysia pushing this region in the forefront.
The compatibility of brushless DC motors with electric scooters and motorcycles drive the demand for the product in East Asian countries.
North America and Europe collectively account for over 32% of the total market value.
Steady growth of end-use application industries such as home appliances, HVAC equipment, and aerospace & transportation will continue to generate revenue in these regions. South Asia & Oceania offers remunerative growth with the highest growth rate during the forecast period.
The region is witnessing rapid urbanisation with an omnipresent demand for efficient products that employ brushless DC motors for better functioning and high durability.
Product Features Shape Competitive Landscape
Market players are targeting increasing need for power generation in developing economies.
With an exponential increase in population and consumer awareness about efficient and eco-friendly products, manufacturers in developing countries are adopting brushless DC motors in products.
Competition is driven by product features such as price, energy efficiency, certifications, and regulatory compliances.
Major organizations that shape the competitive landscape are, but not limited to
- ABB Ltd.
- Allied Motion Technologies Inc.
- Ametek Inc.
- Baldor Electric Company Inc.
- Johnson Electric
- Nidec Motor Corporation
- North American Electric Inc.
- Regal Beloit Corporation
- Schneider Electric
- TECO Electric & Machinery Co.Ltd.
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Global Brushless DC Motors Market: In-Depth Assessment on Key Segments
The global brushless DC motors market is segmented on the basis of power, end use and region.
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Country-specific assessment on demand for brushless DC motors has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous brushless DC motors manufacturers, experts, and suppliers.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates.
The report provides detailed competitive and company profiles of key participants operating in the global brushless DC motors market.
Global Brushless DC Motors Market – Scope of the Report
The following report provides forecast and analysis of the global brushless DC motors market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (Units), according to a Fact.MR study.
The research propounds critical trends that are currently influencing growth within the global brushless DC motors market along with several macro-economic indicators.
This newly published and insightful report on brushless DC motors sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global brushless DC motors market.
The report also comprises the study of current issues with end users and opportunities for brushless DC motors. It also contains value chain analysis, including the key market participants.
To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.
The dashboard included in the report provides a detailed comparison of brushless DC motors manufacturers on parameters such as total revenue, product offerings, and key strategies.
A list of key companies operating in the brushless DC motors market provided in the report adds to the credibility of this exhaustive research study.
Global Brushless DC Motors Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications.
Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research.
The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the brushless DC motors market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the brushless DC motors market, which includes global GDP growth rate, various sector growth rate such industrial machinery, motor vehicles, HVAC equipment, aerospace & transportation and others.
This report serves as an authentic resource of intelligence on the brushless DC motors market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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