The Brainy Insights launched a study titled Brushless DC Motor Market Size by Type (Outer Rotor and Inner Rotor), Rated Output Power (Above 75 kW, 3 kW - 75 kW, 750 Watts to 3 kW, and 0 -750 Watts), End-User (Automotive, Medical Devices, Consumer Electronics, Manufacturing, and Others) Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
The global brushless DC motor market is expected to grow from USD 14.36 billion in 2021 to USD 27.77 billion by 2030, at a CAGR of 7.60% during the forecast period 2022-2030. The rise in the automotive industry's transition toward electric vehicles is anticipated to grow the demand for brushless DC motors. Moreover, the raised operational efficiency of equipment, increased PCB manufacturing, and increased car production is also helping to drive the market's growth during the forecast period. Further, the rise in the applicability & usage of brushless DC motors across several significant verticals is also helping to boost the market growth.
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The inner rotor segment led the market to a value of around 8.07 billion in 2021.
The type segment is divided into the outer rotor and inner rotor. The inner rotor segment led the market to a value of around 8.07 billion in 2021. This growth is attributed to the increasing production of automobiles and the preference for energy-efficient systems.
The 0 -750 watts segment led the market with a value of around 4.18 billion in 2021.
The rated output power segment is divided into above 75 kW, 3 kW - 75 kW, 750 Watts to 3 kW, and 0 -750 watts. The 0 -750 watts segment led the market with a value of around 4.18 billion in 2021. This growth is attributed to its high efficiency.
The consumer electronics segment led the market with a value of around 3.75 billion in 2021.
The end-user segment is divided into automotive, medical devices, consumer electronics, manufacturing, and others. The consumer electronics segment led the market with a value of around 3.75 billion in 2021. This growth is attributed to rising customer disposable income.
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Regional Segmentation Analysis:
The market is analyzed based on five regions: North America, Europe, Asia Pacific, South America, the Middle East, and Africa. The Asia Pacific region emerged as the largest global brushless DC motor market, with a market value of around 6.79 billion in 2021. The Asia Pacific dominates the brushless DC motor market, and this trend is expected to continue during the forecast period. This growth is attributed to increasing government investments in the automotive sector.
Competitive Analysis:
The major players of market include Allied Motion Technologies, Inc., ABB Ltd., Johnson Electric, Ametek Inc., North American Electric, Inc., Baldor Electric Company Inc., Regal Beloit Corporation, Siemens, Nidec Motor Corporation, TECO Electric & Machinery Co., Ltd., and among others.
