Brushless DC Motors Market Detailed Insights on Upcoming Trends 2030 | Hits to Reach $72.2 bn

According to a new report published by Allied Market Research, titled, "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.

In 2020, the Asia-Pacific region emerged as a market leader, driven by increased government investments in the automotive sector and the upswing in electric vehicle manufacturing.
A noteworthy example is India's 2022 budget plan, allocating substantial funds of up to $14.5 billion for the electric vehicle sector. This initiative encompasses the nationwide manufacturing of electric vehicles and their charging stations, contributing to the surge in demand for brushless DC motors and anticipated market growth.

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Brushless DC motors offer distinct advantages over their brushed counterparts. They deliver high torque and rotational speed, enhancing overall efficiency by producing more torque per watt. Additionally, they contribute to noise reduction and exhibit improved durability.

The absence of brushes and commutator erosion gives brushless DC motors a longer lifespan. These motors find applications in diverse industries such as HVAC, power tools, automotive, and healthcare. Widely used in compressors, lathe machines, HVAC systems, disk drives, electric cars, and machine tools, these high-efficiency motors have gained prominence due to their features, including low energy consumption, minimal maintenance requirements, and an extended lifespan.

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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.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market.

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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 Wilmington, DE. 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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This release was published on openPR.