Brushless DC Motor Market: Current Analysis and Forecast (2021-2027)

Brushless DC (BLDC) motors have experienced a rapid adoption in the marketplace and over a broad range of motion control applications due to the distinct benefits they have over traditional brushed DC motors: less maintenance, higher operating speeds, compactness, less electrical noise, better torque-to-weight ratios etc. Brushless motors are commonly used as pump, fan and spindle drives in adjustable or variable speed applications as they are capable of developing high torque with good speed response. In addition, they can be easily automated for remote control. The most common uses of brushless DC motors in industrial engineering are linear motors, servomotors, actuators for industrial robots, extruder drive motors and feed drives for CNC machine tools. The rising trend of industrial automation and the growing popularity of miniature electronic devices are among the key factors bolstering the global BLDC motors market growth. Moreover, the increasing focus on minimizing the environmental footprint is escalating the adoption of hybrid electric vehicles (HEVs), which, in turn, is influencing the demand for BLDC motors positively. However, some of the restraints in the market include high Cost of brushless DC motors, easy availability of low-quality and inexpensive brushless DC motors which are some factors impeding the growth of this market all over the world.
Based on type, the market is segmented into Inner Rotor, and Outer Rotor. The Inner Rotor segment grabbed XX% market share of the Global Brushless DC Motor Market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 owing to its adoption in industrial robots due to a rise in trend toward automation and technical improvements in industrial robots.
Based on Power output type, the market is segmented into 0-750 W, 750 W to 3 KW, 3 kW - 75 kW, & Above 75 kW. In 2020, the 0-750 W segment dominated the Brushless DC Motor Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing to the wide usage of these products in numerous applications, such as fans, pumps, compressors, machine tools, domestic appliances, electric cars, HVAC applications, power tools, and automated robots.
Based on End user type, the market is classified into Consumer Electronics, Automotive, Manufacturing, Medical Devices, and Others (including HVAC, agricultural, solar pumps, and aerospace & defense applications). The Automotive segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as automobile industry uses motors of different types and specifications for numerous applications.
For a better understanding of the market adoption of Brushless DC Motor, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 on account of growing investments in electronics & industrialization in different countries of the region.
Some of the major players operating in the market include AMETEK, Inc., Nidec Corporation, Allied Motion Technologies Inc., Johnson Electric, ABB Ltd. etc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.