PUBLISHER: Market Research Future | PRODUCT CODE: 1619010
PUBLISHER: Market Research Future | PRODUCT CODE: 1619010
Global Brushless DC Motor Market Research Report: Information By Type (Inner Rotor, Outer Rotor) By Speed (Less than 500 RPM, 501-2000 RPM, 2001-10000 RPM, More than 10000 RPM) By End Use (Automotive, Consumer Electronics, Manufacturing, Healthcare, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) Forecast to 2030
In 2023, the brushless DC motor market was estimated to be worth USD 13,703.23 million. In 2024, the Brushless DC Motor Market industry is anticipated to expand from USD 14,374.36 Million to USD 22,261.66 Million by 2030, with a compound annual growth rate (CAGR) of 7.18% over the forecast period (2024- 2030). The primary factor driving the growth of the Global Brushless DC motor in the pump and spray dispensing products market is the increasing demand for BLDC motors in the automotive sector. It is expected that the importance of energy-efficient motors and apparatus automation will continue to rise as industrialization expands worldwide.
Thus, these components will facilitate the global expansion of the brushless DC motor industry. Brushless DC motors are more energy-efficient than conventional motors, which results in decreased running expenses and reduced energy consumption. As a result, the market for BLDC motors is expanding because of the increasing demand for energy-efficient motors in a variety of sectors. Furthermore, numerous governments worldwide have initiated initiatives to reduce carbon emissions by prioritizing energy efficiency in the industrial sector, considering environmental concerns.
There are numerous advantages to employing BLDC in robotics, including the following: simplified maintenance, reduced electrical noise, increased maximum speed, cleaner operation, improved efficiency, improved reliability, the capacity to operate on batteries, the ability to fit into compact spaces, and an extended lifespan. Additionally, there is no need to worry about the lifespan of a brush, and there is no brush residue.
Market segment insights
The Brushless DC Motor Market has been segmented into Inner Rotor and Outer Rotor based on type.
The market is segmented into four categories based on speed: Less than 500 RPM, 501-2000 RPM, 2001-10000 RPM, and more than 10000 RPM.
Automotive, Consumer Electronics, Manufacturing, Healthcare, and Others comprise the Brushless DC Motor Market segmentation, which is organized by end use.
Regional Perspectives
North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America comprise the Brushless DC Motor Market, which is segmented by region. During the forecast period, the Asia-Pacific Brushless DC Motor Market is anticipated to account for a substantial revenue share and maintain the highest market share. The rapid expansion of the automotive industry in countries such as China, Japan, South Korea, and India is a significant factor in the demand for brushless DC motors in the Asia Pacific region.. The automotive sector in India accounts for 7.1% of the country's GDP, making it the third largest automobile market globally, according to Invest India. Furthermore, an economic survey conducted in 2023 predicts that the domestic EV market in India will experience a 49% compounded growth rate from 2022 to 2030, with an annual sale of 10 million by 2030.
NIDEC CORPORATION, Johnson Electric Holdings Limited, Maxon, Portescap, Oriental Motor Co., Ltd., AMETEK, Inc., MinebeaMitsumi Group, Compage Automation Systems Pvt. Ltd., Balu Forge Industries Limited, and Mabuchi Motor Co., Ltd. are the primary stakeholders in the Brushless DC Motor Market.