Brushless DC Motor Market Analysis by Power Output (0 - 750 Watts, 750 Watts to 3 kW, 3 kW - 75 kW, and Above 75 kW), by End User (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, and Household Appliances), and by Type (Inner Rotor, and Outer Rotor) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 4925 | Published Date: May 02, 2023
Brushless DC Motor Market size is estimated to reach ~USD 51.7 Billion by the end of 2035 by growing at a CAGR of ~12.50% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of brushless DC motor was ~USD 12.58 Billion. The growth of the market can be attributed to the increasing demand for electric vehicles across the globe. The popularity of electric vehicles is increasing the demand for brushless DC motors, as they are employed in the propulsion system of these vehicles. Further, the adoption of electric vehicles is fueled by the global move towards renewable energy sources and the need for cleaner transportation, which in turn is boosting demand for brushless DC motors. By 2050, sales of electric vehicles (EVs) globally are anticipated to reach over 60 million units annually, with more than 650 million global EV stock.
In addition to these, factors that are believed to fuel the market growth of brushless DC motor include the increasing automation. The adoption of automation in various industries, such as manufacturing, healthcare, and agriculture, is driving the demand for brushless DC motors. For instance, these motors are used in robotic systems, industrial machinery, and medical devices. Additionally, the growing technological advancements is predicted to present the potential for market expansion over the projected period.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~12.50% |
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Base Year Market Size (2022) |
~ USD 12.58 Billion |
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Forecast Year Market Size (2035) |
~ USD 51.7 Billion |
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Regional Scope |
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Growth Drivers
Challenges
The global industry is segmented and analyzed for demand and supply by end user into industrial machinery, motor vehicles, HVAC equipment, aerospace & transportation, and household appliances. Out of the five end users, the motor vehicles segment is estimated to gain the largest market share of about ~30% in the year 2035. The growth of the segment can be attributed to the increasing demand for automobiles across the globe. As a result of its high efficiency, minimal maintenance needs, and extended lifespan, brushless DC motors are likely to be in more demand as global auto sales rise. For instance, the need for brushless DC motors is probably going to keep growing as long as the automobile industry keeps innovating and implementing new technology. Additionally, these motors are utilized in automotive HVAC (heating, ventilation, and air conditioning) systems. Brushless DC motors are a desirable alternative as these applications call for motors that are quiet, effective, and capable of running at various speeds. In India, vehicle production increased by around 25% in 2021.
The global brushless DC Motor market is also segmented and analyzed for demand and supply by product output into 0 - 750 Watts, 750 Watts to 3 kW, 3 kW - 75 kW, and above 75 kW. Amongst these four segments, the 0-750 watts segment is expected to garner a significant share of around ~48% in the year 2035. The increasing demand for energy-efficient and dependable motor systems in a variety of industries, including robotics, electric cars, industrial automation, and aerospace, has led to an increase in the use of brushless DC motors with power ratings of 0–750 watts. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global brushless DC motor market includes the following segments:
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By Type |
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By Power Output |
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By End User |
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By Type |
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The market share of brushless DC motor in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with an enormous share by the end of 2035. The growth of the market can be attributed majorly to the increasing industrialization. Rapid industrialization in the area has raised the demand for high-performance motors across a range of sectors, including the automobile, healthcare, aerospace, and other industries. For instance, brushless DC motors are a desirable alternative for industrial applications since they outperform conventional motors in terms of efficiency, needless maintenance, and last longer. Further, the growing demand for electric vehicles (EVs) in the region, along with the availability of favorable government policies and incentives to encourage the adoption of energy-efficient technologies, are also anticipated to contribute to the market growth in the region. In addition, the surging technological advancements in the region, and growing investment in research and development are also anticipated to boost the market growth during the forecast period. As of 2023, India's industrial production increased by an average of over 6%, averaging a record high of more than 130% in 2021.
The North American brushless DC motor industry is estimated to be the second largest, registering a notable share of by the end of 2035. The growth of the market can be attributed majorly to the increasing aerospace & defense sector. The desire to lower carbon emissions and enhance air quality is driving a rise in the use of electric vehicles (EVs) across the region. For instance, owing to their high efficiency and low maintenance needs, brushless DC motors are widely used in EVs. The need for brushless DC motors is anticipated to rise along with the popularity of EVs. Further, the growing automotive sector in the region, along with the increasing industrial automation, is also anticipated to contribute to the market growth in the region. In addition, the region's expanding service market is also anticipated to boost the market growth during the forecast period.
Further, the market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increased use of motorized transportation. Owing to their great efficiency, little maintenance needs, and extended lifespan, brushless DC motors are predicted to be in high demand as motorized transportation usage increases in the region. For instance, the market for brushless DC motors in the area is projected to increase as more nations and localities promote the use of eco-friendly transportation methods. Further, the surging need to increase the power-generation capacities in the region, along with the growing popularity of electric vehicles, is also anticipated to contribute to the market growth in the region.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Payel Roy, Dhruv Bhatia
Ans: Growing demand for energy efficiency and the increasing demand for consumer electronics are the major factors driving the market growth.
Ans: The market size of brushless DC motor is anticipated to attain a CAGR of ~12.50% over the forecast period, i.e., 2023 – 2035.
Ans: Exorbitant cost of brushless DC motors and the need of controllers are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Ametek, Inc., Johnson Electric, Allied Motion Technologies, Inc., Baldor Electric Company, Inc., Johnson Electric, North American Electric, Inc., Schneider Electric, Regal Beloit Corp., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, product output, end user, and by region.
Ans: The motor vehicle segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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