Brushless DC Motors Market Analysis Report By Power Output, By End Use, By Region And Segment Forecasts From 2020 To 2027

Industry Insights

The brushless DC motors market across the globe generated a revenue of USD 16.3 billion in the year 2019. It is expected to witness growth with a 6.6% CAGR over the forecasted years, 2020 to 2027. This growth can be associated with its ability to energy-saving and enhancing operational efficiency ability. They offer varied features like reliability and optimum efficiency with low cost and thus can be used in appliances like the air conditioner, sun-roof actuators, and window air filters.

The development of sensor-less motor controls has reduced the issues caused due to electrical connections, size, and weight of the product, and mechanical misalignments. Moreover, the rapid developments being carried out for producing technologically advanced electric vehicles have paved the way for features like adjustable mirrors, sunroof systems, and motorized seats. As these features require brushless DC motors for their operations, the demand for such motors is expected to surge up in the upcoming years.

The market is anticipated to register tremendous growth in the upcoming years owing to the surging automobile production and the requirement of DC motors for producing them. These motors are largely used in safety fittings, chassis, and powertrain systems. Moreover, enhanced features like massage seats, adjustable doors, and motorized seats are expected to drive the demand for such motors across the automobile sector.

The shifting trend towards the usage of electric vehicles is expected to curtail several problems like global warming, environmental pollution, and oil dependency. Various governmental organizations have undertaken initiatives for promoting the production of an electric vehicle owing to features like good efficiency at peak points and low rotor heat. As the electric vehicle manufacturers prefer the usage of brushless DC motors on account of low operational cost, maintenance, and higher efficiency, their demand is expected to upsurge in the upcoming years.

End-use Insights

In 2019, the end-use segment of motor vehicles held a share of around 25% across the global brushless DC motor market. It is also expected to register a CAGR exceeding 7.0% during the forecasted years. This growth can be attributed to the surging usage of these motors across the automobile industry for varied applications. These motors are gaining popularity over the conventional powertrains on account of no or less friction due to the absence of brushes. This reduced friction results in low wear & tear of motors thereby reducing their maintenance cost.

The segment of comfort held the largest share across the global market and is anticipated to register the fastest growth until 2027. They are largely used in sun-roof actuators, HVAC systems, air conditioning, and mirror adjusters. In these applications, multiple powertrains are used that are projected to drive market growth in the upcoming years.

The segment of industry machinery held a substantial share across the global market in 2019. This can be associated with the usage of such equipment for industrial applications like robotics, extruders, and feeder drives. Moreover, rapid technological advances being made in the production of motors have enhanced their operational efficiency thereby driving the demand for brushless DC motors.

Power Output Insights

The power output segment of 0-750 Watt dominated the global market in 2019. It is expected to register a CAGR of more than 7.0% during the forecasted years, 2020 to 2027.  This can be attributed to their rising usage in applications like pumps, machine tools, electric cars, fans, domestic appliances, HVAC applications, automated robots, and power tools. Moreover, its features like lower maintenance, higher operating life, and less energy consumption are anticipated to drive its demand in the upcoming years.

The segment above 75 kW is also projected to register significant growth during the forecasted period, 2020 to 2027. This can be associated with its features like enhanced reliability and efficiency as compared to the conventional DC motor's similar rating of power output. Further, their rapidly increasing usage across applications like drilling, grinding, and milling in the CNC machines is expected to drive market growth. Also, rising consumer awareness and various initiatives undertaken by governing bodies for energy conservation are further expected to fuel up the brushless DC motor market growth in the upcoming years.

Regional Insights

Asia Pacific is expected to register the highest growth with 8.0% CAGR during the forecasted years, 2020 to 2027. This can be associated with rapid industrialization across countries like India and China. Moreover, a surging number of manufacturing and infrastructure facilities are projected to drive market growth in the upcoming years. The Middle East & Africa and Latin America are also anticipated to register significant growth due to shifting regulatory scenarios coupled with the increasing need for usage of sustainable and eco-friendly products.

The rising need for setting up power generation capacities for catering to rising consumer demand has boosted the demand for brushless DC motors across the Middle East. The surging potential across developing countries like Qatar, UAE, and Kuwait is anticipated to open more growth opportunities. In 2019, Europe and North America jointly held a share of around 35% across the global market. This can be associated with the surging adoption of motorized vehicles across these regions.

Brushless DC Motors Market Share Insights

The key players in the market are Ametek Inc.; ABB Ltd; Nidec Motor Corporation, Johnson Electric; Schneider Electric; Siemens; and Regal Beloit Corporation. These players are engaged in product development and innovation to gain a competitive advantage over other players.

They have also started implementing several strategies like acquisitions and mergers for widening their global reach and product portfolio. Further, retrofitting solutions required for the existing motors are also provided by these players. They are also engaged in leveraging advantage based on compliance, certification, and product pricing.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2016 to 2027 in each of the sub-segments. For this study, Million Insights has segmented the global brushless DC motors market report based on power output, end-user, and region:

• Power Output Outlook (Revenue, USD Million, 2016 - 2027)
    • 0 -750 Watts
    • 750 Watts to 3 kW
    • 3 kW - 75 kW
    • Above 75 kW

• End-use Outlook (Revenue, USD Million, 2016 - 2027)
    • Industrial Machinery
    • Motor Vehicles
        • Safety
        • Comfort
        • Performance
    • HVAC Equipment
    • Aerospace & Transportation
    • Household Appliances
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East& Africa (MEA)