ID: MRFR/E&P/6056-HCR | February 2021 | Region: Global | 111 pages
Brushless DC Motors Market Overview
The brushless DC motors market value is likely to grow at a good and substantial rate post suffering the impact of the pandemic in the forecast period of 2021-2028. The global market size was valued at a global market sum of UD 9.6 billion during the historic forecast period that ended in 2019. For the ongoing forecast period that will be ending in 2028, the market is expected to reach a final market value worth USD 15.2 billion. During the period, the market is predicted to attain a global CAGR of 9.5% by industry experts and market leaders.
During the historic forecast period that ended in 2019, the market was functional to its full potential, and hence, the profit margins and the CAGR growth were promising. However, for the market study conducted for the ongoing forecast period of 2021-2028, the pandemic year of 2020 was the base. However, the advent of the pandemic has not brought anything good for the market functioning or global growth. Due to the pandemic, the health and life of the global market audience are at stake, and hence, they are on the way to alter their way of living and introduce ways that will help them introduce possible changes to their life especially in the ongoing forecast period that will end in 2028. Also, the market is on the way to searching for alternates that will help them function during the period and hence, increase the chances of the market to grow at a good scale during the forecast period that will be ending in 2028.
The global governments and the prominent players of the market are understanding the rising need of the market to move to new products and services that will help in enhancing the needs of the target audience. Also, the rising investment is likely to help the market meet its sustainability and preferential goals for the future.
The brushless DC motors market revenue will grow as per the predictions as the market players are investing in the time, efforts, and money. The key market players are as follows:
The demand for electric vehicles is on a rise in the global market scenario that will give rise to great growth opportunities for the global market to dwell upon during the forecast period that will be ending in 2028. Also, the manufacturers are making excellent use of resources to enhance the number of manufactured vehicles that will impact the growth scale of the market positively. Automotive is undergoing on a large scale in countries belonging to the APAC region and the rising demand for consumer electronics in the millennial population of these regions will enhance both the regional and international market for the forecast period between 2021 to 2028.
Electronic knowledge and mechanical expertise are some of the major requirements for the smooth running of the market followed by an enhanced brushless DC motors market revenue. The lack of skilled professionals to make optimal use of resources and effort is likely to challenge the market from growing as per the predictions during the forecast period that will be ending in 2028.
The increased technological advancements along with the increasing industrial applications of these motors are likely to enhance the market chances of growth based on the expert predictions during the forecast period that will be ending in 2028. There has been a surge in the adoption of brushless DC motors in HVAC, along with other industries like automotive and applications regarding the field of consumer electronics. Consumer electronics experience a huge surge in demand owing to the lockdown and offering convenient and entertaining means especially during the forecast period that will be ending in 2028.
The rising brushless DC motors market share is a result of the propelling functions undertaken by the market segments that are present in mushrooming regions across the globe during the forecast period. The market segments have a major role to play in enhancing the productive degree of the market followed by its revenue collection potential during the period. The market segmentation is as follows:
Based on the type
The type segment of the market includes an inner rotor and an outer rotor.
Based on the market end-users
The market end-users include consumer electronics, medical devices, and others like manufacturing, automotive, HVAC, solar pumps, aerospace, defense applications, and agricultural sectors.
Based on the speed
The speed segment of the market includes less than 500 RPM, between 501-2000 RPM, between 2,001-10,000 RPM, and more than 10,000 RPM for the audience.
Owing to the development of the brushless DC motors market trends, the market is largely functional in 4 major regions namely North America, the APAC region, the European countries, along the rest of the world (RoW). 5th region that is LAMEA is also showing signs of development of the market. However, the industry analysts predict that the APAC region is likely to attain the highest market CAGR and global market value by the end of the forecast period in 2028.
The brushless DC motors market report covers a qualitative market study that will help the market investors and buyers make better decisions for the forecast period. The market report covers the potential of the market segments and the rising competition in both the regional and the international markets. The report also discusses the impact of the pandemic and the dynamics on which the market will propel during the forecast period. The report discusses the performance of the prominent market players, too.
|Market Size||2027: Significant Value|
|CAGR||9.50% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Speed and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Allied Motion Inc. (US), Johnson Electric Holdings Limited (Hong Kong), WEG (Brazil), Nidec Corporation (Japan), Arc Systems (US), Anaheim Automation, Inc. (US), Bühler Motor GmbH (Germany), Electrocraft Inc. (US), Toshiba Corporation (Japan), Ametek, Inc. (US), Rockwell Automation, Inc. (US), Siemens (Germany), and GE (US)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The type-based segments of the brushless DC motors market are outer rotor and inner rotor.
The brushless DC motors market is assessed to mark 9.5% CAGR.
rising demand for energy efficient motors across industries is supposed to drive the growth of the brushless DC motors market.
The shift in the industry towards electrical vehicles is poised to boost the demand for brushless DC motors.
The prominent players are Allied Motion Inc. (US), WEG (Brazil), Johnson Electric Holdings Limited (Hong Kong), Nidec Corporation (Japan), Anaheim Automation, Inc. (US), Arc Systems (US), Bühler Motor GmbH (Germany), Toshiba Corporation (Japan), Electrocraft Inc. (US), Ametek, Inc. (US), Siemens (Germany), Rockwell Automation, Inc. (US), and GE (US).