Brushless DC Motors Market Size & Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Brushless DC Motors Market


The global Brushless DC Motors market size is projected to reach US$ 25.42 billion by 2026, from US$ 17.42 billion in 2020, at a CAGR of 6.5% during 2021-2026. Brushless DC motors help save energy and increase operational efficiency of equipment. This factor is expected to spur the market growth over the forecast period. These motors are economical in majority of the applications, such as window lifters, air conditioners, and sun-roof actuators, as they offer optimum efficiency and reliability.

Brushless DC motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat from sparks. The emergence of sensor-less controls for brushless DC type is likely to boost the product durability and reliability, thereby reducing the number of mechanical misalignment, electrical connections, as well as product weight and size. The aforementioned factors are also estimated to drive the market over the forecast period. Furthermore, rapidly expanding Electric Vehicles (EVs) industry will have a positive impact on the market growth.

Rising popularity of advanced vehicle features, such as power seats, adjustable mirrors, and sunroof systems, are projected to augment the product demand. In addition, rising production of automobiles across the globe will boost the product demand. Automotive motors are used in vehicle powertrain systems, chassis, and safety fittings. Increasing demand for advanced features in a vehicle, such as motorized seats, wipers, doors, adjustable mirrors, and massage seats, is also contributing to the brushless DC motors market growth.

Increasing adoption of EVs due to rising concerns regarding oil dependency, global warming, and environmental pollution is also likely to propel the product demand. Moreover, various government initiatives aimed at encouraging the production and usage of EVs will spur the demand further. Brushless DC motors offer benefits like less rotor heat, low maintenance costs, higher efficiency, operating speed and peak point efficiency, and quick response, making it ideal in a variety of applications, particularly in electrical and hybrid vehicles.

Market Segmentation, Outlook & Viewpoint: Global Brushless DC Motors Market

Voltage Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
0 -750 Watts
  
750 Watts to 3 kW
  
3 kW - 75 kW
  
Above 75 kW

End Use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Industrial Machinery

Motor Vehicles

  
Safety
  
Comfort
  
Performance

HVAC Equipment

Aerospace & Transportation

Household Appliances

Others

Key Players, Recent Developments & Regional Insights: Global Brushless DC Motors Market

Motor vehicles segment accounted for over 25% of the global market share in 2018 and is anticipated to emerge as the fastest growing segment at a CAGR of 7.6% from 2019 to 2025. Brushless DC motors are preferred over conventional products due to the absence of brushes resulting in less friction, which, in turn, ensures less wear and tear reducing overall maintenance costs.

Comfort motors acquired the highest market share and is expected to be the fastest-growing segment by 2025. They are primarily used in automatic window operations, sun-roof actuators, mirror adjustors, and air conditioning and HVAC systems. Multiple motors are required for each of these applications, which is subsequently expected to drive the product demand in future.

Industrial machinery segment also acquired a substantial share of the global market in 2018 and is likely to witness steady growth in the years to come. This is mainly due to the product deployment in complex industrial applications, such as feeder drives, extruders, and motors used in robotics. Additionally, technological advancements have resulted in increased efficiency, which is expected to propel the market growth over the forecast period.

Regional Insights

The Asia Pacific market is anticipated to register the highest CAGR over the forecast period on account of increased expenditure on the development of infrastructure and manufacturing facilities. Rapid industrialization in the developing economies like China, India, and Indonesia is also expected to fuel the regional market over the coming years. Latin America and the Middle East & Africa are also expected to witness significant growth over the forecast period owing to the changing regulatory scenario and rising awareness concerning the use of eco-friendly and sustainable products.

Furthermore, growing need to increase the power-generation capacities has fueled the product demand across numerous applications in the Middle East region. The untapped potential for downstream activities in developing countries including Kuwait, UAE, and Qatar offers new growth avenues for the market. The regional markets of North America and Europe captured over 35% of the overall market share in 2018. The growth in these regions is attributed to the increasing adoption of motor vehicles.

Brushless DC Motors Market Share Insights

Key companies include ABB Ltd.; Ametek, Inc.; Johnson Electric; and Nidec Motor Corporation. The market is fragmented in nature with the key players accounting for an estimated 30% of the global market share. These companies are increasingly focusing on mergers & acquisitions to expand and diversify their product offerings. In addition, manufacturers are also providing retrofitting solutions for the existing products. Industry competition is primarily based on aspects of product pricing and certification and compliance from several organizations.

Key Insights Covered: Global Brushless DC Motors Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Brushless DC Motors industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Brushless DC Motors industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Brushless DC Motors industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Brushless DC Motors industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Brushless DC Motors industry.

Research Methodology: Global Brushless DC Motors Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other