Brushless DC Motors Market Research Report – Global Forecast till 2027

Brushless DC Motors Market Research Report: Information by Type (Inner Rotor and Outer Rotor), Speed (<500 RPM, 501-2,000 RPM, >10,000 RPM), End-Use (Manufacturing, Medical Devices, Automotive, Consumer Electronics), and Region – Global Forecast till 2027

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.


COVID 19 Analysis


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.


Competitive Landscape


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: 



  • AMETEK (US)

  • ElectroCraft(US)

  • Allied Motion (US)

  • Regal Beloit Corporation (US)

  • Maxon Motor (Switzerland)

  • Portescap (US)

  • Nidec Corporation (Japan)

  • Oriental Motor (Japan)

  • Johnson Electric (China)

  • MinebeaMitsumi (Japan)


Recent Developments



  • Japan, as a part of the APAC region that is on its way to development in the automotive industry. This is likely to enhance the scope of market domination, especially during the forecast period. Based on Trading Economics, Mexico’s car production is likely to anticipate the growth span and hence, reach a global CAGR of 43.2% for the period that will end in 2028.

  • The development of the healthcare infrastructure and industry in huge countries like the US, India, and the UK is on the rise and this will push the companies to enter the international competition during the forecast period. During the historic forecast period that ended in 2018, the UK government spent $252.9 billion in the industry, and hence, the demand for these motors will help the market grow at a great scale during the period.

  • There has been a substantial rise in industrial robotics technology along with the transition of the global automotive industry towards the use of electric vehicles will drive the growth for the market especially during the forecast period. Also, lucrative opportunities will help the market to dwell upon in the period.

  • High capital investments are on the way for the market developments and the production of motors that promise energy efficiency followed by high torque and high RPM will help the market grow at an excellent rate during the period.


Market Dynamics


Drivers


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.


Restraints


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.


Technology Analysis


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.


Study Objectives



  • The market report aims to help the market investors and buyers with a deep and qualitative market analysis that is likely to have an impact on their understanding and investment abilities. The report discusses various market factors that will give rise to prominent market dynamics having the capability to make a difference to the brushless DC Motors market statistics during the forecast period ending in 2028.

  • The market report also discusses the basis on which the global market has been segmented and the ability held by the market segments to meet the rising needs of the target audience and raise the bar of revenue by the end of the forecast period. The report aims to help understand the foundation and basis on which the market functions.

  • The report draws a competitive analysis in the form of a graph amongst the efforts put in by the global market players to help the market reach a considerable global value and compete with the predictions laid by the industry experts and leaders. The report also discusses the doings of the market players in the form of mergers, acquisitions, product line launches, joint ventures, and collaborations on an international scale.


Segment Overview


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.


Regional Analysis


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.


Intended Audience



  • Consumers

  • Research firms

  • Government agencies

  • Consultants and consultancy companies

  • Producers and manufacturers of motors

  • Motor service and maintenance providers

  • Development companies

  • Exporters and importers

  • Potential market investors


Report Overview


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.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   9.50% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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

  • Huge market potential for electric vehicles in emerging countries
  • Growing robotics technology
  •   Key Market Drivers

  • Growing automotive sector
  • Increasing demand from HVAC application segment
  • Transition towards energy-efficient motors
  • Regulatory compliance


  • Speak to Analyst Ask for Customization

    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).