Impact of the Covid-19 Outbreak on the Global Brushless DC Motors Market
Brushless DC (BLDC) motors are a type of permanent magnet motors that have a wide range of applications in various industries, including transportation, industrial engineering, consumer electronics, heating & ventilation, and model engineering. Similarly, these motors can be easily controlled while they are at a maximum rotational force, making them efficient and useful in the abovementioned applications. These motors produce an electric current to drive each phase of the motor via a closed-loop controller that allows for efficient system operation. Additionally, these motors have excellent controllability and are highly efficient. Similarly, BLDC motors also provide high durability and low electric-noise generation as compare to the other motors due to the lack of brushes, making them ideal for use in applications where there is a need for avoiding electrical noise. The increasing utilization of these devices in various applications is one of the factors driving the market. However, due to the current pandemic situation, there has been a slowdown in the production and sales of these motors. Production facilities have been shut down, and the supply of raw materials has been disrupted, which is impacting the overall market. Additionally, the precautionary measures mandated by the governments, such as partial or complete lockdowns to contain the COVID-19 pandemic, have compelled businesses to either reduce production and operational activities or shut down entirely due to the uncertainty surrounding production owing to the halting of business activities.
FIGURE: GLOBAL ELECTRIC VEHICLE DEPLOYMENT 2020 TO 2025, (MILLION UNITS)
The COVID-19 pandemic has negatively impacted the BLDC motors market. For instance, currently, the demand for electronics has slowed down due to low demand from consumers and the disrupted supply chains of raw materials and components, which has hampered the BLDC motors market. However, the demand for these motors is expected to increase due to the rising production and adoption of electric vehicles in which BLDC motors are used. Furthermore, the increase in the demand for washing machines, air conditioners, and other electronic items is also expected to propel the market in the coming years.