DUBLIN, September 21, 2021--(BUSINESS WIRE)--The "Global Brushless DC Motor Market Size, Share & Trends Analysis Report by Power Output (Above 75 kW, 0-750 Watts), by End-use (Motor Vehicles, Industrial Machinery), by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global brushless DC motor market size is expected to reach USD 26.3 billion by 2028, registering a CAGR of 5.7% from 2021 to 2028.
These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. Low-cost maintenance, high efficiency at lower costs, and the rising adoption of Electric Vehicles (EVs) are some of the key factors driving the product demand over the forecast period.
The emergence of sensor-less controls for brushless DC (BLDC) type is likely to boost the durability and reliability of the product, thereby reducing the number of mechanical misalignments, electrical connections, as well as the weight and size of the end product. These factors are further estimated to drive market growth over the forecast period. Furthermore, the growing production of vehicles, globally, to cope up with the rising demand is anticipated to have a positive impact on the market growth.
The product is extensively used in motorized vehicle applications, such as in sunroof systems, motorized seats, and adjustable mirrors. In addition, these powertrains are extensively being preferred for performance applications in vehicles, such as chassis fittings, power-train systems, and safety fittings, owing to simple structure, fewer maintenance requirements, and extended operational life. Thus, increasing product adoption by the automobile industry for multiple applications is anticipated to drive the market over the forecast period.
Rising product usage in EVs in mechatronic systems, primarily in batteries for accumulators and power electronic converters, owing to advantages, such as high operating speed, compact size, and quick response time, will also augment the market growth. The production of EVs is on the rise, globally, supported by government initiatives to encourage the usage of non-conventional fuels and effectively reduce the adverse impacts of carbon emissions. Thus, the increasing EV production is anticipated to directly influence the product demand over the forecast period.
Allied Motion Technologies, Inc.
Baldor Electric Company Inc.
Nidec Motor Corporation
North American Electric, Inc.
Regal Beloit Corporation
TECO Electric & Machinery Co., Ltd.
Brushless DC Motor Market Report Highlights
The 0-750 Watts segment is expected to witness the fastest CAGR from 2021 to 2028 due to extensive applications of these products in motor vehicles and household devices applications
Extensive product usage in vehicles for a variety of applications, increased production of automobiles and EVs across the globe are anticipated to drive the growth of the motor vehicle end-use segment over the forecast period
The industrial machinery end-use segment accounted for the second-highest revenue share of over 24% of the global market in 2020
This growth was credited to the wide product usage in various industrial machines owing to its advantages, such as high efficiency, low power consumption, and low-cost maintenance
Asia Pacific is expected to emerge as the fastest-growing regional market registering a CAGR of over 6% from 2021 to 2028
Rapid industrialization in developing nations, such as China, India, and South Korea, has fueled product adoption in the regional market
The market is fragmented and most of the major companies are focusing on developing low-maintenance and eco-friendly products to gain a competitive edge
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Brushless DC Motor Industry Outlook
3.1. Market Size and Growth Prospects, 2016 - 2028
3.2. Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
126.96.36.199. Increasing preference for electric vehicles
188.8.131.52. Rising demand for brushless DC motors in agricultural equipment
184.108.40.206. Increasing adoption of brushless DC motor-driven appliances in HVAC systems
3.3.2. Market restraint analysis
220.127.116.11. Restricted to small-sized vehicles
3.3.3. Market opportunity analysis
18.104.22.168. Increasing adoption of brushless DC motors in diverse applications
3.4. Key Opportunities - Prioritized
3.5. Industry Analysis - Porter's Five Forces Analysis
3.6. PEST Analysis
3.7. Key Application Trends
3.8. Applications Considered Under Motor Vehicle Bifurcation
Chapter 4. Brushless DC Motor Market: Power Output Outlook
Chapter 5. Brushless DC Motor Market: End-use Outlook
Chapter 6. Brushless DC Motor Market: Regional Outlook
Chapter 7. Competitive Analysis
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company/Competition Categorization
7.3. Competitive Dashboard Analysis
Chapter 8. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/khx5ge
View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005730/en/
Laura Wood, Senior Press Manager
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