United States, Rockville, MD , April 19, 2022 (GLOBE NEWSWIRE) -- A recent study published by Fact.MR estimates the global brushless DC motor market to flourish at a 6.3% value CAGR from 2022-2032. As per the report, the market is poised to be valued at US$ 35 Billion by the end of the said forecast period. By 2022, the market is likely to reach a valuation of US$ 19 Billion. Brushless DC motors are in high demand due to consumer desire for expanded functionality in automobile items such as motorized seats.
From 2015 to 2021, the market flourished at a 5% value CAGR, closing n at a value of US$ 18 Billion. Rising emphasis on fuel efficiency and the adoption of new energy options, as well as tight carbon emission restrictions, are driving up demand for brushless DC motors.
By enhancing energy efficiency and operating speed, these motors help to improve product performance. During the projected period, the worldwide brushless DC motors market would more than double (2022-2032). Brushless DC motors' quick reaction, along with improved motor longevity, makes them an attractive alternative to traditional equivalents.
Browse in-depth TOC on "Demand for Brushless DC Motors "
96 Tables and
194 Figures
170 Pages
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Key Takeaways from the Market Study
- The motor vehicle end-use category accounts for the greatest market value share, accounting for more than 27% of total demand
- Industry machinery has the second highest market value share, increasing at a CAGR of 6%
- The electricity sector contributes for a whopping 50% of overall market value.
- U.S to emerge as an opportunistic market, generating 37% of total market revenue in 2022
- China to account for nearly half of the global brushless DC motors market demand
“The increasing sales of automobiles with technological features such as motorized seats, adjustable mirrors, and sunroof systems are boosting market growth”, says a Fact.MR Analyst.
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Competitive Landscape
The market is highly fragmented, with the top firms accounting for an estimated 30% of total sales. These main players are concentrating their efforts on mergers and acquisitions in order to broaden and diversify their product offerings. Companies are also offering retrofitting solutions for older items. The major players compete on the basis of product pricing, certification, and conformity with many organizations. Some of the major players in the worldwide brushless DC (BLDC) motor industry are:
- 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
- Siemens
- TECO Electric & Machinery Co. Ltd.
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Key Segments Covered in the Brushless DC Motors Industry Report
- Brushless DC Motors by Power
- 0 -750 Watts
- 750 Watts to 3 kW
- 3 kW - 75 kW
- Above 75 kW
- Brushless DC Motors by End User
- Industrial Machinery
- Motor Vehicles
- Safety
- Comfort
- Performance
- HVAC Equipment
- Aerospace & Transportation
- Household Appliances
- Others
- Brushless DC Motors by Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global brushless DC motors market, presenting forecast statistics for the period of 2022-2032 and historical analysis from 2015 to 2021.
The study reveals essential insights on the basis of power (0 -750 Watts, 750 Watts to 3 kW, 3 kW - 75 kW and Above 75 kW), and end user (industrial machinery, motor vehicles, safety, comfort, performance, HVAC equipment, aerospace & transportation, household appliances and others) across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa).
About the Industrial Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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