Press release
Brushless DC Motors Market SWOT Analysis, Dynamics, Drivers, Key Indicators Hits a CAGR of 10.3% By Forecast 2030
Brushless DC Motors Market
Brushless DC motors have longer life span as they do not have brushes and commutator erosion. It can be used in various applications such as HVAC industry, power tools, automotive, and healthcare. 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, and long lifespan. High initial cost of brushless DC motors poses a challenge to their adoption, thereby, restrains brushless DC motors market growth.
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Asia-Pacific has dominated the market in 2020, owing to increase in government investments in the automotive sector and rise in electric vehicle manufacturing in this region. For instance, the Indian budget plan for 2022 includes investment plans up to $14.5 billion for the electric vehicle sector. It will include manufacturing of electric vehicles and its charging stations across the country. As a result, growth in the automotive sector has created demand for brushless DC motors and is expected to drive the market growth.
Furthermore, market players have implemented various strategic moves such as collaboration, acquisition, partnership, and product launch to strengthen its market position to improve its product portfolio. For instance, in October 2022, Maxon Motors AG, manufacturer and supplier of motors has collaborated with Flybotix Drone.
Collaboration has the aim to develop high performance brushless DC motors. Furthermore, in November 2022, Maxon Motors introduced frameless brushless DC motor EC DT50 for dynamic applications. It offers torque over 500 Nm and a speed of 4,000 RPM with improved controllability and high efficiency.
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Top Players:
The key players that operating in the global brushless DC motors industry are Allied Motion Technologies Inc., AMETEK Inc., Arc Systems Inc., Buhler Motor GmbH, Faulhaber Group, Johnson Electric Holdings Limited, Maxon motors AG, MinebeaMitsumi Inc., Nidec Corporation, Oriental Motor Co. Ltd., and Robert Bosch GmbH.
Key Findings Of The Study
• The report provides an extensive analysis of the current and emerging brushless DC motors market trends and dynamics.
• Depending on rotor type, the inner rotor segment dominated the brushless DC motors market, in terms of revenue in 2020, and the outer rotor segment is projected to grow at a significant CAGR during the forecast period.
• By end user, the automotive segment has registered highest revenue in 2020.
• By speed, 2001 RPM to 10,000 RPM has registered highest revenue in 2020.
• Asia-Pacific has dominated the market in 2020, and is projected to register highest growth rate in the coming years.
• Key players within the brushless DC motors market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the brushless DC motors industry.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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