Press release
Brushless DC Motors Market Surging Towards a $19 Billion Peak by 2032
Brushless DC Motors Market
The market expanded at a 5% compound annual growth rate from 2015 to 2021, culminating in a closing value of US$ 18 billion. The need for brushless DC motors is increasing due to restrictive carbon emission regulations, the development of new energy sources, and a growing emphasis on fuel economy.
These motors contribute to better product performance by increasing operating speed and energy economy. The global market for brushless DC motors is expected to more than double between 2022 and 2032. The enhanced motor longevity and prompt response of brushless DC motors set them apart from their conventional counterparts.
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Key Takeaways from the Market Study:
The motor vehicle end-use category accounts for the greatest market value share, accounting for more than 27% of total demand
Industry machinery has the second highest market value share, increasing at a CAGR of 6%
The electricity sector contributes for a whopping 50% of overall market value.
U.S to emerge as an opportunistic market, generating 37% of total market revenue in 2022
China to account for nearly half of the global brushless DC motors market demand
"The increasing sales of automobiles with technological features such as motorized seats, adjustable mirrors, and sunroof systems are boosting market growth", says a Fact.MR Analyst.
Competitive Landscape:
The market is highly fragmented, with the top firms accounting for an estimated 30% of total sales. These main players are concentrating their efforts on mergers and acquisitions in order to broaden and diversify their product offerings. Companies are also offering retrofitting solutions for older items. The major players compete on the basis of product pricing, certification, and conformity with many organizations. Some of the major players in the worldwide brushless DC (BLDC) motor industry are:
ABB Ltd.
Allied Motion Technologies Inc.
Ametek Inc.
Baldor Electric Company Inc.
Johnson Electric
Nidec Motor Corporation
North American Electric Inc.
Regal Beloit Corporation
Schneider Electric
Siemens
TECO Electric & Machinery Co. Ltd.
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Key Segments Covered in the Brushless DC Motors Industry Report
Brushless DC Motors by Power
0 -750 Watts
750 Watts to 3 kW
3 kW - 75 kW
Above 75 kW
Brushless DC Motors by End User
Industrial Machinery
Motor Vehicles
Safety
Comfort
Performance
HVAC Equipment
Aerospace & Transportation
Household Appliances
Others
Brushless DC Motors by Region
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa
More Insights Available:
Fact.MR, in its new offering, presents an unbiased analysis of the global brushless DC motors market, presenting forecast statistics for the period of 2022-2032 and historical analysis from 2015 to 2021.
The study reveals essential insights on the basis of power (0 -750 Watts, 750 Watts to 3 kW, 3 kW - 75 kW and Above 75 kW), and end user (industrial machinery, motor vehicles, safety, comfort, performance, HVAC equipment, aerospace & transportation, household appliances and others) across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa).
About the Industrial Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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