PUBLISHER: KBV Research | PRODUCT CODE: 1457176
PUBLISHER: KBV Research | PRODUCT CODE: 1457176
The Global Brushless DC Motor Market size is expected to reach $30.5 billion by 2030, rising at a market growth of 7.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 31,726.9 thousand units, experiencing a growth of 6.9% (2019-2022).
BLDC motors are commonly used in the compressors of refrigerators and freezers. According to the India Brand Equity Foundation, India is one of the greatest sectors for consumer electronics in the Asia-Pacific region. Consequently, the household appliances segment captured $2,504.8 million revenue in the market in 2022. Also, the Indian market utilized 541.3 thousand units in Household Appliances in 2022. It is home to a substantial talent for electronic and embedded software design. India has committed to attain US $300 billion in electronics manufacturing and US$ 120 billion in exports by 2025-26.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In October, 2023, Toshiba Electronic Devices & Storage Corporation introduced two 600V small intelligent power devices (IPDs) for BLDC motor drives, including air conditioners, air cleaners, and pumps. Additionally, In April, 2022, Ametek, Inc. introduced a new size in its IDEA Motor series of brushless DC motors, which is 57 mm. This motor combines a precision brushless servo motor with an IDEA Drive controller to reduce design time, wiring needs, and overall cabinet space, which in turn leads to lower system costs.
Based on the Analysis presented in the KBV Cardinal matrix; ABB group is the forerunner in the Market. For Instance, In November, 2020, ABB Group has launched new range of low voltage IEC , which are compactly designed and reduces the overall size of the equipment by minimizing space and total cost of ownership. Companies such as Nidec Corporation, Johnson Electric Holdings Limited and Maxon Motor Ag are some of the key innovators in Market.
Market Growth Factors
Industry 4.0 emphasizes the integration of digital technologies into manufacturing processes, leading to smart and automated production systems. BLDC motors, when equipped with smart controllers and embedded electronics, support decentralized control architectures. This enables real-time decision-making at the network's edge, enhancing system responsiveness. Thus, because of the expansion of digitalization and industry 4.0, the market is anticipated to increase significantly.
Additionally, BLDC motors are known for their high efficiency compared to traditional brushed motors. According to the International Energy Agency, electric car sales are growing exponentially, surpassing 10 million in 2022. The percentage of electric vehicles in total sales has more than tripled in just three years, from 4% in 2020 to 14% in 2022. Through 2023, significant EV sales are anticipated to continue. More than 2.3 million EVs were sold in the first quarter, a 25% increase over 2021.
Market Restraining Factors
Industries with established infrastructures using traditional brushed DC motors may find it economically challenging to retrofit existing systems with BLDC motors. Small and medium-sized enterprises (SMEs) often operate with limited budgets and may resist adopting BLDC motors due to the higher initial cost. The perceived financial risk and the need for cost-effective solutions may hinder the integration of BLDC motors in manufacturing processes within SMEs.
By Rotor Type Analysis
By rotor type, the market is categorized into inner rotor and outer rotor. In 2022, the inner rotor segment held the 67.79% revenue share in the market. Inner rotor BLDC motors are commonly used in electric vehicles (EVs) due to their compact design and lightweight nature. These motors are well-suited for applications in electric bikes, scooters, and other small electric vehicles where space and weight considerations are critical.
By Voltage Analysis
Based on voltage type, the market is classified into 0-750 watts, 750 watts to 3 kW, 3 kW - 75 kW, and others. The 750 watts to 3 kW segment acquired a 25.64% revenue share in the market in 2022. In terms of volume, 750 watts to 3 kW segment would register 11,744.1 thousand units by 2030. BLDC motors in the 750 watts to 3 kW segment exhibit versatility, making them suitable for various applications. These motors can be employed in robotics, automation, HVAC systems, electric vehicles, and other commercial and consumer devices.
By End User Analysis
On the basis of end user, the market is divided into motor vehicles, industrial machinery, HVAC equipment, household appliances, aerospace & transportation, and others. In 2022, the motor vehicles segment dominated the market with 28.21% revenue share. In terms of volume, motor vehicles segment registered 7,068.1 thousand units in 2022. The rising popularity of electric and hybrid vehicles has significantly increased the demand for BLDC motors.
By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a 26.82% revenue share in the market. In terms of volume, North America segment would consume 14,609.0 thousand units by 2030. The automotive sector in North America has been witnessing a significant shift toward electric vehicles (EVs) and hybrid electric vehicles (HEVs).
Market Competition and Attributes
Competition in the market is fierce, with numerous players vying for market share across diverse industries such as automotive, consumer electronics, and industrial automation. Key competitive factors include motor efficiency, power density, reliability, and cost-effectiveness, driving innovation in motor control technologies. Companies differentiate themselves through product performance, customization capabilities, and strategic partnerships, while the increasing emphasis on energy efficiency fuels the development of eco-friendly solutions. As demand grows for BLDC motors in applications requiring high performance and reliability, competition intensifies, fostering continuous advancements in the market.
Recent Strategies Deployed in the Market
List of Key Companies Profiled
Global Brushless DC Motor Market Report Segmentation
By Rotor Type
By Voltage Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)