Press release
Brushless DC Motors Market Volume 2030 Competition by Company, Country, Application, Type At CAGR of 10.3%
Brushless DC Motors Market
The brushless dc motors market size was valued at $33.2 billion in 2020, and is estimated to reach $72.2 billion by 2030, growing at a CAGR of 8.1% from 2021 to 2030.
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Asia-Pacific accounted for the highest revenue share of 43.5% in 2020, compared to other regions, owing to new innovations and advancements in technology and adoption of DC motors in major sectors such as domestic appliances, automotive, and industrial applications.
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.
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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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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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