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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

Global Brushless DC Motor Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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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Global Brushless DC Motor Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~12.50%

Base Year Market Size (2022)

~ USD 12.58 Billion

Forecast Year Market Size (2035)

~ USD 51.7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Global Brushless DC Motor Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Demand for Energy Efficiency– On account of the increasing government regulations and consumer awareness of environmental concerns, the market is expected to expand more in the upcoming years. Further, as brushless DC motors use less energy than conventional motors, they are increasingly being used in a variety of applications. The European Union promised to increase energy efficiency, with over 20% aim for 2020 and a target of at least 32% for 2030.
  • Rising Urbanization –The increasing urbanization across the globe is driving the demand for brushless DC motors as cities become more crowded and people seek more efficient and environmentally friendly solutions. According to statistics, the number of people living in urban areas will rise by over 5 billion by 2045 across the globe.
  • Increasing Demand for Consumer Electronics – Brushless DC motors are increasingly in demand owing to increasing demand for electronic equipment, which includes, smart electric toothbrush, hair dryers, and power tools. In 2022, it is predicted that consumers would spend over USD 500 billion on electronics around the world.
  • Growing Aerospace Industry – It is expected that the need for brushless DC motors has been driven by the expansion of the aerospace industry. In addition, the need for brushless DC motors is projected to increase even more as the sector continues to innovate and create new technologies. The aerospace & defense sector contributed over USD 390 billion in economic value, or more than 1% of the US nominal GDP, to the US economy.

Challenges

  • Exorbitant Cost of Brushless DC Motors - The high cost of brushless DC motors is one of the major factors predicted to slow down the market growth. For instance, to function well, brushless DC motors need specialized electronic control systems that include sensors, controllers, and power electronics. The cost of these parts may increase the motor's overall price.
  • Need of Controllers for the Operations of a Brushless DC Motor
  • Availability of Cheap Brushless DC Motors


Global Brushless DC Motor Market Segmentation

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:

  By Type

  • Inner Rotor
  • Outer Rotor

   By Power Output

  • 0 - 750 Watts
  • 750 Watts to 3 kW
  • 3 kW - 75 kW
  • Above 75 kW

   By End User

  • Industrial Machinery
  • Motor Vehicles
  • HVAC Equipment
  • Aerospace & Transportation
  • Household Appliances
  • Others

   By Type

  • Inner Rotor
  • Outer Rotor
 

Global Brushless DC Motor Market Regional Synopsis

regional-synopsis

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.

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Top Featured Companies Dominating the Global Brushless DC Motor Market

top-features-companies
    • ABB Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Ametek, Inc.
    • Johnson Electric
    • Allied Motion Technologies, Inc.
    • Baldor Electric Company, Inc.
    • Johnson Electric
    • North American Electric, Inc.
    • Schneider Electric
    • Regal Beloit Corp.

In-the-news

In The News

  • Ametek, Inc. launched a new size in its IDEA Motor series of brushless DC motors: 57mm. Further, the programmable drive is ideal for autonomous and accurate single-axis motion and was created with real-time, embedded motion control in mind.
  • Johnson Electric introduced ECI-043 brushless DC motor platform to provide a steady torque output with a high level of controllability for robotic lawn mower traction, cutter, and autonomous car traction systems.

preview-analysis

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

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


Key Questions Answered in the Report

1) What are the major factors driving the growth of the brushless DC motor market?

Ans: Growing demand for energy efficiency and the increasing demand for consumer electronics are the major factors driving the market growth.

2) What would be the CAGR of brushless DC motor market over the forecast period?

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.

3) What are the challenges affecting the brushless DC motor market growth?

Ans: Exorbitant cost of brushless DC motors and the need of controllers are estimated to be the growth hindering factors for the market expansion.

4) Which region will provide more business opportunities for growth of brushless DC motor market in future?

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.

5) Who are the major players dominating the brushless DC motor market?

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.

6) How are the company profiles selected?

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.

7) What are the segments in the brushless DC motor market?

Ans: The market is segmented by type, product output, end user, and by region.

8) Which segment captures the largest market size in the end user segment in the brushless DC motor market?

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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