Brushless DC Motor Market Size to make 9.56% of CAGR by 2023 Globally

Industry Outlook and Trend Analysis

The global Brushless DC Motors Market was worth USD 4.48 billion in 2014 and is expected to reach approximately USD 10.19 billion by 2023, while registering itself at a compound annual growth rate CAGR of 9.56% during the forecast period. Brushless DC motors are motors that are electronically shuttled, without brushes. These engines are often made use of as a part of fast applications and show around 85-90% productivity. The operation of a BLDC motor depends on the simple force interaction between the lasting magnet and the electromagnet. Rising demand for electric vehicles from nations, for example, Japan, China, Europe and India, and expanded usage in different businesses, for example, paper and pulp, paper and pulp, food processing, automotive, electronics manufacturing, semiconductors, and others drive the market development for BLDC motors.

Type Outlook and Trend Analysis

On the basis of type the market is segmented into outer rotor and inner rotor brushless DC engine. The inner rotor brushless DC engines are broadly used as a part of application where high starting torque, v, and reversible activity is needed. Because of these reasons inner rotor brushless DC engine portion is anticipated to rule the brushless DC motor market.

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Speed Outlook and Trend Analysis

The brushless DC motors market is divided in view of speed into 10000 RPM. The 2001 – 10000 RPM section represented the biggest share of the overall industry in 2015 and is anticipated to develop at a significant CAGR amid the gauge time frame. Expanding demand for exceedingly solid, exceptionally vitality productive and minimized hardware in medical devices segment is foreseen to push the request of 2001 – 10000 RPM section brushless DC motors amid the figure time frame.

End User Outlook and Trend Analysis

Based on end user the market is segmented into automotive, manufacturing, consumer electronics, medical devices, and others. Manufacturing section represented biggest share of the market in 2015, due expanded interest for robotization in chemicals, marine, semiconductors, food processing, automotive, aerospace, paper and pulp, and electronics manufacturing. Consumer electronics fragment is foreseen to develop at the speediest rate amid the figure time frame, inferable from expanding interest for compact and energy efficient product for computerized capacity, HVAC, and home apparatus, for example, vacuum cleaner and fans.

Regional Outlook and Trend Analysis

Asia Pacific is anticipated to command the worldwide brushless DC motors market amid the conjecture time frame, attributable to expanding interest for automotive product and consumer electronics in India, China, Taiwan, South Korea, and Japan. The North American market is foreseen to develop at the second-most elevated CAGR from 2016 to 2021 because of expanding interest for exceedingly modern medical devices. Developing economies, for example, India, China and Taiwan are the most encouraging markets for brushless DC motors.

Competitive Insights

The leading players in the market are AMETEK Inc, Minebea, Allied Motion Technologies, Nidec, Johnson Electric and Maxon Motor. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Brushless DC Motors Market is segmented as follows-

By Type:

Inner Rotor
Outer Rotor

By Speed:

501-2000 RPM
2001-10,000 RPM
10,000 RPM

By End User:

Consumer Electronics
Automotive
Medical Devices
Manufacturing
Others

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By Region

North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others

Some of the key questions answered by the report are:

What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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