The worldwide brushless DC motor market was estimated at US$ 18 Billion in 2021 and is predicted to increase at a CAGR of 6.3% during the forecast period from 2022 to 2032. As of 2022, the industry is forecast to be valued at US$ 19 Billion, representing a Y-o-Y increase of 5.5%.
Brushless DC (BLDC) motors’ capacity to save energy and improve the operating efficiency of the equipment in which they are employed is likely to fuel market expansion throughout the forecast period. These motors provide maximum efficiency and dependability, proving to be cost effective in the majority of applications such as window lifters, air conditioners, and sun-roof actuators. These motors are thermally durable, need little maintenance, and run at low temperatures, removing the risk of sparks.
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Global Brushless DC Motors Market: In-Depth Assessment on Key Segments
The global brushless DC motors market is segmented on the basis of power, end use and region.
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Product Features Shape Competitive Landscape
Market players are targeting increasing need for power generation in developing economies. With an exponential increase in population and consumer awareness about efficient and eco-friendly products, manufacturers in developing countries are adopting brushless DC motors in products. Competition is driven by product features such as price, energy efficiency, certifications, and regulatory compliances.
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Key Takeaways of Brushless DC Motors Market Study
- Motor vehicle end-use segment holds the largest market value share with more than 27% of demand coming from this segment. The elimination of brushes from motors reduces friction and ensures less wear and tear of the product. Hence, the demand from the motor vehicle segment will continue to grow at a strong 7% CAGR through 2029.
- Industry machinery accounts for the second largest market value share. Increasing industrial production warrants manufacturers to employ brushless DC motors as the product offers increased energy efficiency and subsequent cost savings. The segment will grow at a 6% CAGR during the forecast.
- Prevalence of high performance HVAC systems, power tools, and automated robots are central to the growth of 0-750 Watts brushless DC motors. The power segment accounts for a massive 50% share of the total market value. It also exhibits the highest growth rate of 6.7% CAGR between 2019 and 2029.
- East Asia leads global sales with over 50% share of the total market sales. Surging industrial production, and power generation in countries such as Indonesia, Singapore, and Malaysia is driving the demand for brushless DC motors in this region.
- South Asia Oceania records the highest growth with a strong 8% CAGR through 2029. This can be accredited to rampant adoption of electric vehicles in India and omnipresent demand for power generation in the region.
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