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Brushless DC Motors Market 2019-2026 Top Key Players Like-Allied Motion Technologies Inc., Ametek Inc., Arc Systems Inc., Bhler Motor GmbH, Faulhaber, Johnson Electric Holdings

04-02-2020 03:14 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Brushless DC Motors Market 2019-2026 Top Key Players

Allied Market Research published a report, titled, "Brushless DC Motors Market by Type (Inner Rotor Brushless DC Motors and Outer Rotor Brushless DC Motors) and End User (Industrial Machinery, Automotive, Healthcare, HVAC industry, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026." As per the report, the global brushless DC motors industry garnered $34.15 billion in 2018, and is estimated to reach $71.94 billion by 2026, growing at a CAGR of 9.3% from 2019 to 2026.

The industrial machinery segment to maintain its dominant position by 2026

Based on end user, the industrial machinery segment will hold for the highest market share in terms of revenue in 2018, contributing to more than two-fifths of the total share, and is projected to maintain its dominant position throughout the forecast period. This is due to the significant increase in the application of brushless servo motors in various types of machinery such as labeling and packaging machinery, CNC machine tool, pick and place PCB assembly machines, and machinery in other industries such as textile and food.

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Asia-Pacific to maintain its leadership status, followed by North America by 2026

Based on region, Asia-Pacific is estimated to grow at the highest CAGR of 10.0% from 2018 to 2026, owing to the availability of raw materials, population growth, rise in industrialization, improved standard of living, and economical labor in countries like Taiwan, China, Japan, South Korea, and India.

Key Findings Of The Study
o In 2018, the inner rotor segment dominated the global brushless DC motors market, in terms of revenue.
o The industrial machinery segment is expected to be the largest customer for the brushless DC motors market players globally.
o Asia-Pacific is projected to be one of the most dominant regions and is expected to witness a high growth rate during the brushless DC motors market forecast period.

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Players grabbing the largest pie
o Allied Motion Technologies Inc.
o Ametek Inc., Arc Systems Inc.
o Bhler Motor GmbH
o Faulhaber
o Johnson Electric Holdings Limited
o Maxon motors AG
o MinebeaMitsumi Inc.
o MinebeaMitsumi Inc.
o Nidec Corporation
o Oriental Motor Co. Ltd.

There is growing popularity of brushless DC motor due to the use of electronic commutation which replaces the conventional mechanics such as brushes rubbing on the commutator to energize the windings in the armature of a DC motor. Use of electronic commutation provides higher efficiency over conventional DC motors with improvements of around one-fifth for motors running at the same speed and load. International Energy Agency (IEA), reports that globally around 40% of electricity is being used to power electric motors where such efficiency gains due to use of brushless DC motors become compelling.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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