Press release
Brushless Dc Motors Market With a CAGR of 8.1% by 2030 | Latest Research Report
In 2020, the Asia-Pacific region led the market, driven by increased government investments in the automotive sector and a surge in electric vehicle production. For example, India's 2022 budget includes plans for up to $14.5 billion in investments in the electric vehicle industry, covering the manufacturing of EVs and the establishment of charging stations across the nation. This expansion in the automotive sector has fueled demand for brushless DC motors, which is anticipated to propel market growth.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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Demands Driving:
In 2020, the global market for brushless DC motors reached a volume of 132,684 thousand units and is expected to grow to 358,321 thousand units by 2030, with a compound annual growth rate (CAGR) of 10.3% from 2021 to 2030.
Brushless DC motors provide several advantages over their brushed counterparts, including higher torque and rotational speed, improved efficiency with greater torque per watt, reduced noise, and enhanced durability. Their longer lifespan, due to the absence of brushes and commutator wear, makes them suitable for various applications, such as in the HVAC industry, power tools, automotive, and healthcare sectors. These motors are commonly used in compressors, lathe machines, HVAC systems, disk drives, electric vehicles, and machine tools.
Their high efficiency, low energy consumption, minimal maintenance, and long lifespan have made brushless DC motors increasingly favored over other types. However, their high initial cost presents a challenge to widespread adoption, which in turn, restrains the growth of the brushless DC motors market.
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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.
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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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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