New York, United States, July 18, 2022 (GLOBE NEWSWIRE) -- Brushless DC motor (BLDC) is a device that converts electricity to mechanical power. It is widely used in many applications due to its high efficiency and excellent controllability. BLDC motors use less energy than other motor types.
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Investments in Healthcare Industry to Expand the Brushless DC Motors Market
Durability is a crucial factor in medical equipment design. Many applications call for BLDC motors due to their efficiency, compactness, and dependability. The increasing global need for high-throughput medical analysis and testing pushes technology development. BLDC motors achieve this by generating high torque across a wide speed range.
Elevators, patient beds, blowers, compressors, surgical equipment, oxygen concentration, and generation equipment use BLDC motors. The demand for BLDC motors in healthcare increased in 2019. In 2019, hospital spending climbed 6.2% compared to 4.2 % in 2018.
Miniature BLDC Motors to be Liable for the Growth of the Market
Miniature motors are widely used due to their great precision, compact size, and high efficiency. They are rising in demand as automation grows. Collaboration robots have also raised micromotor demand. Small motors are needed for robotic arms, grippers, humanoids, and prosthetic arms.
Cooperative robotics and artificial intelligence should enhance the technological future. COBOTs keep workers safer and hurt less. The fourth industrial revolution's demand for automation has boosted COBOT manufacturing. Doosan Robotics presented six new COBOTs on July 29, 2020. Small BLDC motors will be needed as COBOT demand develops.
Report Scope
| Report Metric | Details |
| Market Size | USD 33 Billion by 2030 |
| CAGR | 6% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Shape, Size, and Application |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Maxon Group, Faulhaber, Moog Inc., WITTENSTEIN SE, Allied Motion, AMETEK Advanced Motion Solution, MTI Montevideo, AVEOX, ElectroCraft Ltd., ThinGap, Fulling Motor, MOONS, among others. |
| Key Market Opportunities | Rising Popularity of Miniature BLDC Motors |
| Key Market Drivers | Increasing Investments in the Healthcare Sector |
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Impact of COVID-19
COVID-19 halted production in industries, including aerospace and food and beverage. Government-imposed social isolation and partial or total lockdown also impaired the market. The COVID-19 pandemic has impacted the worldwide aerospace and military industries.
America's commercial airlines reported a 68% reduction in passengers from September 2019. It has endangered airlines, manufacturers, supply networks, airports, and tourism. According to the IATA, global airlines lost more than three times during the GFC. As the danger of COVID-19 has subsided, the market is experiencing a surge in overall growth.
Regional Insights
In 2020, Asia-Pacific accounted for over half of the global BLDC motor market. This industry is expected to expand due to industrialization in Asia-Pacific countries like Japan and India. It also produces electrical components. Taiwan's electronics industry is developing, increasing demand for BLDC motors.
The US aerospace and defense industry is expected to grow faster than Europe's. NASA and many companies, including SpaceX, are developing projects to increase demand for BLDC motors. Some NASA space exploration missions, including DaVinci and Viper, aim to help BLDCs. Additionally, nurses, doctors, and other healthcare staff rely on service robots. The Robotic Industries Association reports a 3.5 % rise in North American robotic unit sales (RIA).
Key Highlights
- The global BLDC motors market was valued at USD 17.8 Billion in 2020, and it is predicted to increase at a CAGR of 6% from 2021 to 2030.
- By shape, the global BLDC motors market was divided into cylindrical and flat /pancake shapes. The cylindrical section acquired the highest market share in 2021.
- By application, the medical and life science segment has acquired the largest share in 2021 and is expected to grow at a CAGR of 5.3% by 2030
- The need for medical equipment is expected to increase as India invests in hospitals and medical infrastructure. As a result, the medical industry needs BLDC motors.
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Competitive Analysis
- Maxon Group
- Faulhaber, Moog Inc.
- WITTENSTEIN SE
- Allied Motion
- AMETEK Advanced Motion Solution
- MTI Montevideo
- AVEOX
- ElectroCraft Ltd.
- ThinGap, Fulling Motor
- MOONS among others.
Global Brushless DC Motors Market: Segmentation
By Shape
- Cylindrical shape
- Flat/ Pancake shape
By Size
- Cylindrical size
- Flat/ Pancake size
By Application
- Aerospace and defense
- Outerspace
- Medical and life science
- Food and beverage
- Robotics
- Others
Regions Covered
- North America
- Latin America
- Europe
- Asia-Pacific
- The Middle East and Africa
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Brushless DC Motors Market
4.2.1 Vendor Matrix
4.3 Key Market Trends
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Environment & Regulatory Landscape
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 Potential Venture Analysis
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
4.15 Covid-19 Impact Analysis:
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.1 North America
4.15.4.2 Europe
4.15.4.3 Asia-Pacific
4.15.4.4 Central and South America and the Caribbean
4.15.4.5 The Middle East and Africa
5 Shape Overview
5.1 Introduction
5.1.1 Market Size & Forecast (Value & Volume)
5.2 Cylindrical shape
5.2.1 Market Size & Forecast (Value & Volume)
5.3 Flat/ Pancake shape
5.3.1 Market Size & Forecast (Value & Volume)
6 Size Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value & Volume)
6.2 Cylindrical size
6.2.1 Market Size & Forecast (Value & Volume)
6.3 Flat/ Pancake size
6.3.1 Market Size & Forecast (Value & Volume)
7 Application Overview
7.1 Introduction
7.1.1 Market Size & Forecast (Value & Volume)
7.2 Aerospace and defense
7.2.1 Market Size & Forecast (Value & Volume)
7.3 Outerspace
7.3.1 Market Size & Forecast (Value & Volume)
7.4 Medical and life science
7.4.1 Market Size & Forecast (Value & Volume)
7.5 Food and beverage
7.5.1 Market Size & Forecast (Value & Volume)
7.6 Robotics
7.6.1 Market Size & Forecast (Value & Volume)
7.7 Others
7.7.1 Market Size & Forecast (Value & Volume)
8 Regional Overview
8.1 Introduction
8.1.1 Market Size & Forecast (Value & Volume)
8.2 North America
8.2.1 Economic Overview
8.2.2 Market Scenario
8.2.3 U.S.
8.2.4 Canada
8.2.5 Mexico
8.3 Central and South America and the Caribbean
8.3.1 Economic Overview
8.3.2 Market Scenario
8.3.3 Brazil
8.3.4 Argentina
8.3.5 Colombia
8.3.6 Rest of Central and South America and the Caribbean
8.4 Europe
8.4.1 Economic Overview
8.4.2 Market Scenario
8.4.3 Germany
8.4.4 France
8.4.5 The U.K.
8.4.6 Italy
8.4.7 The Rest Of Europe
8.5 Asia-Pacific (APAC)
8.5.1 Economic Overview
8.5.2 Market Scenario
8.5.3 China
8.5.4 Japan
8.5.5 India
8.5.6 Australia
8.5.7 South Korea
8.5.8 Rest Of APAC
8.6 Middle East
8.6.1 Economic Overview
8.6.2 Market Scenario
8.6.3 South Arabia
8.6.4 The UAE
8.6.5 Qatar
8.6.6 Oman
8.6.7 Turkey
8.6.8 The Rest Of Middle East
8.7 Africa
8.7.1 Economic Overview
8.7.2 Market Scenario
8.7.3 Nigeria
8.7.4 South Africa
8.7.5 The Rest Of Africa
9 Competitive Landscape — Manufacturers & Suppliers
9.1 Competition Dashboard
9.2 Industry Structure
9.3 Maxon Group
9.3.1 Business Overview
9.3.2 Financial Performance
9.3.3 Recent Developments
9.3.4 Portfolio
9.4 Faulhaber
9.5 Moog Inc.
9.6 WITTENSTEIN SE
9.7 Allied Motion
9.8 AMETEK Advanced Motion Solution
9.9 MTI Montevideo
9.10 AVEOX
9.11 ElectroCraft Ltd.
9.12 ThinGap
9.13 Fulling Motor
9.14 MOONS
10 Conclusion & Recommendation
11 Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/brushless-dc-motors-market/toc
Market News
- On November 2, 2021, Allied Motion acquired ORMEC Systems Corp, a developer and manufacturer of mission-critical electro-mechanical automation solutions and motion control products.
- On March 9, 2021, Allied Motion acquired Dynamic Controls Group, a wholly-owned subsidiary of Invacare Corporation,
- On November 18, 2022, Maxon launched a new frameless BLDC motor with a matching encoder that comes into its own in dynamic applications.
News Media
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