Brushless DC Motor Market size is predicted to cross USD 330 billion by the end of 2035, growing at a CAGR of 9% during the forecast period i.e., 2023-2035. In the year 2022, the industry size of brushless DC motor was USD 84 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. 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.
Further, the global move towards renewable energy sources is boosting demand for brushless DC motors. They have found various applications in renewable energy sources, as it provides more advantages as compared to the traditional brushed motors.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2022 – 2035 |
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CAGR |
~9% |
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Base Year Market Size (2022) |
~USD 84 billion |
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Forecast Year Market Size (2035) |
~USD 330 billion |
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Regional Scope |
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End User (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances)
The motor vehicles segment is estimated to hold 30% share of the global brushless DC motor market in the year 2035. The growth of the segment can be attributed to the increasing demand for statistical charts & tables and automobiles across the globe. As a result of its high efficiency, minimal maintenance needs, and extended lifespan, brushless DC motors forecast estimates, and much is likely to be in more demand as global auto sales rise. For instance, the need for brushless DC motors is probably going to keep more.
Power Output (0-750 Watts, 750 Watts to 3kW, 3kW – 75 kW, Above 75 kW)
The 0-750 watts segment is expected to garner a significant share 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 market includes the following segments:
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Power Output |
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End User |
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Type |
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APAC Market Forecasts
The brushless DC motor market in Asia Pacific, is projected to be the largest with an enormous share of 35% 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. In addition to this, 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 time 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.
North American Market Statistics
The North American brushless DC motor market is estimated to register a notable share 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 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 market growth during the forecast period.
Author Credits: Payel Roy, Dhruv Bhatia
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