Press release
Brushless DC Motors Market Rapidly Growing Dynamics with Current Outlook By 2026
The global brushless DC motors market size is expected to reach $71,942.6 million in 2026, from $34,153.5 million in 2018, growing at a CAGR of 9.3% from 2019 to 2026. In 2018, inner rotor dominated the market, in terms of revenue, accounting for over three-fifths share of the global brushless DC motors market.Surge in the implementation of brushless DC motors in HVAC end-users and as servomotors and high advantages of brushless DC motors drive the growth in the global brushless DC motors market. However, slow-down in automotive industry and high initial cost of investment and complexity hinder the market growth. On the other hand, increasing use of brushless DC motors for robots would create new opportunities in the industry.
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Leading Players:
The major players operating in the Brushless DC motor industry include Allied Motion Technologies Inc., Ametek Inc., Arc Systems Inc., Bühler Motor GmbH, Faulhaber, Johnson Electric Holdings Limited, Maxon motors AG, MinebeaMitsumi Inc., Nidec Corporation, and Oriental Motor Co. Ltd.
Brushless DC motors are rapidly replacing brushed DC motors because of various advantages, such as compactness, higher operating speeds, less maintenance, better torque-to-weight ratios, and less electrical noise, These motors are used in specific applications and their growth is directly dependent on the growth of their respective applications in wide range of industries. Brushless DC motors are widely used in compressors, lathe machines, HVACs, disk drives, electric cars, and machine tools. These high-efficiency motors have gained importance over other motors owing to their features such as low energy consumption & maintenance, long lifespan, and others. The high initial cost of brushless DC motors poses a challenge to their adoption, thereby, restrains the growth of the market.
Regional Analysis:
Asia-Pacific is a pioneer in the Brushless DC motors market, owing to the expansion of the industrial machinery sector in the region. Therefore, Brushless DC motors market’s share is the highest among countries such as China, Japan, and India. In addition, increase in demand for brushless motors from the automotive industry is expected to boost the market growth.
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Global Brushless Dc Motor Market Segments:
By Rotor Type
• Inner Rotor Brushless DC Motors
• Outer Rotor Brushless DC Motors
By End User
• Industrial Machinery
• Automotive
• Healthcare
• HVAC industry
• Others
Key Findings Of The Study
• In 2018, the inner rotor segment dominated the global brushless DC motors market, in terms of revenue.
• The industrial machinery segment is expected to be the largest customer for the brushless DC motors market players globally.
• 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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