Brushless DC Motors Market Expected to Reach $72.2 Billion by 2030—Allied Market Research

According to a new report published by Allied Market Research, titled, “Brushless DC Motors Market," The brushless dc motors market size was valued at $33.2 billion in 2020, and is estimated to reach $72.2 billion by 2030, growing at a CAGR of 8.1% from 2021 to 2030. Asia-Pacific has dominated the market in 2020, owing to increase in government investments in the automotive sector and rise in electric vehicle manufacturing in this region. For instance, the Indian budget plan for 2022 includes investment plans up to $14.5 billion for the electric vehicle sector. It will include manufacturing of electric vehicles and its charging stations across the country. As a result, growth in the automotive sector has created demand for brushless DC motors and is expected to drive the market growth.

The global brushless DC motors market volume was 1,32,684 thousand units in 2020, and is projected to reach 3,58,321 thousand units by 2030, registering a CAGR of 10.3% from 2021 to 2030. Brushless DC motors offer various advantages as compared to brushed DC motors. It offers high torque and rotational speed. It increases efficiency, producing more torque per watt, reduces noise, and improves durability. Brushless DC motors have longer life span as they do not have brushes and commutator erosion. It can be used in various applications such as HVAC industry, power tools, automotive, and healthcare. Brushless DC motors are widely used in compressors, lathe machines, HVACs, disk drives, electric cars, and machine tools. These high-efficiency motors have gained importance over other motors, owing to their features such as low energy consumption & maintenance, and long lifespan. High initial cost of brushless DC motors poses a challenge to their adoption, thereby, restrains brushless DC motors market growth.

Asia-Pacific accounted for the highest revenue share of 43.5% in 2020, compared to other regions, owing to new innovations and advancements in technology and adoption of DC motors in major sectors such as domestic appliances, automotive, and industrial applications.

Furthermore, market players have implemented various strategic moves such as collaboration, acquisition, partnership, and product launch to strengthen its market position to improve its product portfolio. For instance, in October 2022, Maxon Motors AG, manufacturer and supplier of motors has collaborated with Flybotix Drone. Collaboration has the aim to develop high performance brushless DC motors. Furthermore, in November 2022, Maxon Motors introduced frameless brushless DC motor EC DT50 for dynamic applications. It offers torque over 500 Nm and a speed of 4,000 RPM with improved controllability and high efficiency.

Impact of the COVID-19 pandemic had led to complete shutdown of production facilities, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It has led to either closure or suspension of their production activities in most of industrial units across the world. This halt in production activities impacted revenue of rigid plastic packaging companies. For instance, net sales of AMETEK Inc dropped by 12.0% from January 2019 to January 2020. In addition, during the pandemic situation, rise in demand for brushless DC motors for automotive, HVAC, and agriculture applications boost the brushless DC motors market share of companies in next few years. Moreover, in 2021, with the availability of vaccine against COVID-19, the global market is expected to witness gradual growth.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging brushless DC motors market trends and dynamics. 
• Depending on rotor type, the inner rotor segment dominated the brushless DC motors market, in terms of revenue in 2020, and the outer rotor segment is projected to grow at a significant CAGR during the forecast period.
• By end user, the automotive segment has registered highest revenue in 2020.
• By speed, 2001 RPM to 10,000 RPM has registered highest revenue in 2020.
• Asia-Pacific has dominated the market in 2020, and is projected to register highest growth rate in the coming years.
• Key players within the brushless DC motors market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the brushless DC motors industry.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market. 
• In-depth brushless DC motors market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
• The global brushless DC motors market forecast analysis from 2021 to 2030 is included in the report.