Brushless DC Motor (BLDC) Market to Hit USD 23.52 Billion by 2028 | Brushless DC Motor Industry CAGR 8.4% During 2021-2028; Exclusive Insight Report [180 Pages] by Vantage Market Research

WASHINGTON, Dec. 16, 2021 (GLOBE NEWSWIRE) -- The Global Brushless DC Motor Market size is expected to reach USD 23.52 billion by 2028, exhibiting a CAGR of 8.4% during the forecast period. The increase in adoption of energy-efficient brushless DC motors across the world and transition of global automotive industry toward electric vehicles is anticipated to augment the global brushless DC motor market, states Vantage Market Research, in a report, titled “Brushless DC Motor Market By Type (Inner Rotor, and Outer Rotor), By Speed (<500 RPM, 501–2,000 RPM, 2,001–10,000 RPM, and >10,000 RPM), By End-User (Consumer Electronics, Automotive, Manufacturing, Medical Devices, and Others), and by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Market Assessment (2016 - 2021) & Forecast (2022 - 2028).” The global Brushless DC Motor Market was USD 12.31 billion in 2020.

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Market Dynamics:

Increased Demand for HVAC Systems to Augment Brushless DC Motor Market

HVAC systems demand is primarily driven by the increasing use in buildings, homes, and even vehicles along with introduction of technologically advanced products. These products are energy-efficient and can also be remotely accessed. The use of technologies like smartphone applications lets the owners or the building managers to control the ventilation process from one control point. With the use of big data and analytic better measurements of building environments can be taken which will allow for more effective and efficient HVAC systems installations in the future. The increasing residential and non-residential constructions have significantly raised the HVAC equipment installation. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development the privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,650,000, which is 4% above the revised September rate of 1,586,000. Owing to the rise in demand for HVAC systems by rising construction industry, the demand for brushless DC motor is also expected to increase in the estimated timeframe.

Transition of Global Automotive Industry toward Electric Vehicles to Support the Global Brushless DC Motor Market

The global electric vehicle industry has expanded significantly over the last few years owing to the underpinned supportive policies and increase in technology advances. According to IEA, the global sales of electric cars were estimated to reach 2.1 million in 2019 and it almost accounted for 2.6% of global car sales. Furthermore, about 1% of global car stock in 2019 registered a 40% year-on-year increase. This is attributable to the increasing technological advancements and increase in environmental and sustainability policies by the government. Electric vehicles are considered to be one of the important technological developments to reduce and control increasing air pollution in heavily populated areas. It is also measured as a promising choice to contribute towards greenhouse gas emissions reduction purposes. The other benefits of electric vehicle include better efficiency over the internal combustion engine vehicles, and zero tailpipe emissions. Owing to these objectives most of the countries’ have implemented policies to support the development and deployment of electric powertrains for transportation sector. Till the date, 17 countries announced 100% zero-emission vehicle targets or discontinue the production of internal combustion engine vehicles through 2050.

Important questions answered in this report:

  • What is the estimated market size and growth rate of the Brushless DC Motor Market?
  • Which segments are included in the Brushless DC Motor Market?
  • Which top companies are active in the Brushless DC Motor Market?
  • What are the major driving factors for the growth of the Brushless DC Motor Market?
  • How can I get free sample reports or study of Brushless DC Motor Market?

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COVID-19 Impact Analysis:

The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the motor industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

  1. Impact Assessment of COVID-19 Pandemic
    1. North America
    2. Europe
    3. Asia Pacific
    4. Latin America
    5. Middle East & Africa
  2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
  3. Key Strategies Undertaken by Companies to Tackle COVID-19
  4. Long Term Dynamics
  5. Short Term Dynamics

The report on Brushless DC Motor Market highlights:

  • Assessment of the market
  • Premium Insights
  • Competitive Landscape
  • COVID Impact Analysis
  • Historic Data, Estimates and Forecast
  • Company Profiles
  • Global and Regional Dynamics

Advantages of this Research:

  • Evaluate market share for commercial Brushless DC Motor market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.
  • Develop tactics and strategies to take advantage of opportunities in the Brushless DC Motor market.
  • Latest Trends and Market Events and analyze essential events in Brushless DC Motor market.   
  • Develop an in-depth knowledge of competition and analyze sales data to update your brand planning trackers.
  • Answer vital business questions; supports decision making in R&D to long term marketing strategies
  • Develop economic models, forecast models, and healthcare frameworks.

Regional Analysis:

China Dominates the Asia Pacific Market

Asia Pacific is predicted to be prominent region in the global Brushless DC Motor Market during the forecast period. This is owing to the increasing industrialization and urbanization along with surging need to save energy in economies like China and India. Furthermore, increasing focus on technologically-advanced industrial equipment and manufacturing processes has also led to the regional growth of the market.

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North America and Europe are also likely to witness substantial growth in the Brushless DC Motor Market during the forecast period. This is attributable to the on-going investments for developing new and advanced manufacturing technologies and surging sales of vehicles and flourishing aerospace & defense industry in UK. Additionally, the rising demand for medical equipment manufacturing and consumer electronic testing in the region is also expected to support the growth of the Brushless DC Motor Market in near future.

List Of Prominent Players in the Brushless DC Motor Market:

Sr. No.CompaniesHeadquarters
1.AMETEKPennsylvania, United States
2.Allied MotionNew York, United States
3.Nidec CorporationKyoto, Japan
4.Johnson ElectricNew Territories, Hong Kong
5.MinebeaMitsumiTokyo, Japan
6.Maxon MotorSachseln, Switzerland
7.Regal Beloit CorporationWisconsin, United States
8.Oriental MotorTokyo, Japan
9.PortescapPennsylvania, United States
10.ElectroCraftNew Hampshire, United States

Recent Developments in the Industry:

1. June, 2019: Johnson Electric announced the launch of new BLDC motor solutions for ventilation applications. Comprised of two brushless motor platforms, E12 and E17, Johnson Electric’s BLDC motors deliver best-in-class ErP ratings while maintaining compliance with current and pending regulatory requirements. The highly efficient and robust designs drive continuous ventilation through powerful air extraction at a wide range of speeds at low to imperceptible sound levels.

2. November, 2021: Maxon launched new frameless BLDC motor with matching encoder that really comes into its own in dynamic applications. At the same time, the drive specialist is presenting a new series of ECX flat motors for a wide range of robotics applications.

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This market titled “Brushless DC Motor Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, and Quantitative Date – Units, Key Market Trends, and various others as mentioned below:

Report AttributeDetails
Market Size 2020 ValueUSD 12.31 Billion
Market Forecast for 2028USD 23.52 Billion
Expected CAGR GrowthCAGR of 8.4% from 2021 to 2028
Base Year2020
Historic Years2016 – 2019
Forecast Years2021 – 2028
Segments CoveredType:- Inner Rotor, and Outer Rotor
By Speed:- <500 RPM, 501–2,000 RPM,
2,001–10,000 RPM, and >10,000 RPM
End-User:- Consumer Electronics, Automotive,
Manufacturing, Medical Devices, and Others
Quantitative Data - UnitsRevenue in USD Million/Billion and CAGR from 2021 to 2028
Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and
Middle East & Africa, and Rest of World
Countries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy,
Spain, China, India, Japan, South Korea, Brazil,
Argentina, GCC Countries, and South Africa,
among others
Number of Companies Covered10 companies with scope for including additional
15 companies upon request
Report CoverageMarket growth drivers, restraints, opportunities, Porter’s
five forces analysis, PEST analysis, value chain analysis,
regulatory landscape, market attractiveness analysis by
segments and region, company market share analysis, and
COVID-19 impact analysis.

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