Brushless DC Motor Industry - Regional Synopsis
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 2037. 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 2037. 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.
