DC brushless motors have experienced a speedy adoption across multiple industry verticals on account of unique benefits offered over conventional brushed DC motors. Some of the major benefits offered include minimal maintenance, greater operating speeds, less electrical noise, compactness, and better torque-to-weight ratio among others. On the contrary, DC brushless motors cost more than conventional DC brushed motors since they need a rotor position sensor and motor drive controller for electronic commutation. However, new trends in the design of DC brushless motor drives have emerged that are overcoming not only the cost issue, but also are providing performance capabilities that are not possible with traditional DC motors. This study on “Brushless DC Motors Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2023 – 2030” highlights key trends and opportunities in the global brushless DC Motors market.
The manufacturing sector, especially in developed economies like North America and Western Europe witnessed a gradual slowdown in the beginning of this decade owing to unstable economic conditions. However, with financial markets showing economic stability, the manufacturing sector in these regions is poised to regain its original growth levels, offering the necessary push to market growth, especially during the first half of the forecast period. The resurgence in the manufacturing sectors has had positive impact on the industrial machinery and equipment market and subsequent demand for quality DC brushless motors in the region.
Even though the economic instability had relatively less effect on the Asia Pacific manufacturing sector, the automotive production in the region experienced moderately sluggish growth during the slack period. The automotive industry is one of the largest consumers of DC brushless electric motors.
Increasing electricity expense has necessitated need for achieving energy efficiency and optimum energy management. DC brushless motors are seen as a potential solution to address energy efficiency challenges. According to the International Energy Agency, use of energy efficient DC brushless motors can reduce worldwide yearly electricity demand by at least 10%, thereby reducing the burden of electricity production. In addition, governments worldwide are enforcing strict guidelines and regulations for achieving energy efficiency and better managing this demand-supply gap. For instance, NEMA and ACEEE have introduced “cash for credit” program for early replacement of older and less efficient motors produced before 2009 with state-of-the-art energy efficient DC brushless motors. Such initiatives are promoting the use of high and premium efficiency motors across the globe.
The research study on brushless DC motors market includes in-depth analysis of the market driving and restraining factors related to global brushless DC motors industry. This study also includes current and future market trends in the global, regional and country level brushless DC motors market. The study also includes exhaustive information of demand-supply, technology development and pricing trends. High level analysis such as consumer behavior analysis, value chain and market attractive analysis included in the report helps industry players to identify key investment areas in this industry.
The demand for DC brushes motors is correlated with the growth in industrial, construction, and automotive markets since these are the prime consumers of DC brushless motors. These industries are highly cyclical in nature since they are greatly influenced by changes in the economic conditions. These industries being extremely susceptible to the economic expansion and contraction, the manufacturers realize the risk of continuing business with inconsistent profit margins. Thus, the challenge for DC brushless manufacturers is to venture smoothly into other emerging segments, manufacturing motors by understanding distinct differences and requirements of each segment.
The rising number of manufacturers and suppliers of BLDC motors in each regional markets has ensured a highly competitive market where most manufacturers are struggling to gain meaningful differentiation. ABB Ltd, Nidec Corporation, Omron Automation Pvt Ltd, Danaher Motion LLC, and Toshiba International Corp are identified as the leading players operating in the global BLDC motors market. Manufacturers including Johnson Electric Holdings, Rockwell Automation Inc, Anaheim Automation Inc, TIMEIC Corporation and AMETEK Inc. are marked as promising and emerging players on account of their established presence across the globe and aggressive product development strategy.
The research study on brushless DC motors market offers market estimates and forecast for different type of BLDC motors and their market size in respective application segments. The report provides exhaustive analysis on BLDC market with market estimates for the period from 2020 to 2030. Market estimates are provided in terms of both revenue (US$ Bn) and volume (thousand units) for all categories of BLDC motors. This research study analyzes regional as well as the country-specific market for BLDC motors.
The research study also profiles some major players in the global BLDC motors industry. Company profiles highlight business strategies, financial overview, major competitors, product offerings, recent developments and regional positioning of these manufacturers. The research study also includes in-depth analysis about industry competition, regional leaders and suppliers, and positioning of key market players in the global market along with their market-winning strategies.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Brushless DC (BLDC) Motors market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Billion |
| Segmentation | |
Power Capacity
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Application
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Region Segment (2022-2032; US$ Billion)
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Key questions answered in this report
