The brushless DC motor market is expected to grow at a CAGR of 9.4% from 2016 to 2021, to reach a market size of USD 8.15 billion by 2021. Increasing production of automobiles, rising demand for HVAC systems, and preference for energy efficient system, these factors are driving the global brushless DC motor market.
Browse 65 market data tables and 42 figures spread through 146 pages and in-depth TOC on “Brushless DC Motors Market – Global Forecasts to 2021”
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The brushless DC motor market is dominated by a few major players that have a wide regional presence and are established brand names. Leading players in the brushless DC motor market include Johnson Electric (China), Ametek (U.S.), Nidec Corporation (Japan), Minebea (France), Allied Motion Technologies Inc. (U.S.), and Maxon Motor AG (Switzerland).
Asia-Pacific is estimated to be the fastest growing market for brushless DC motors from 2016 to 2021. This growth is attributed to the rapidly increasing automotive sector in China, India, and Taiwan. Significant investments in the region led by major auto market leader’s like- Jaguar Land Rover, Fiat and General Motors, is expected to drive demand for brushless DC motors.
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Based on types of brushless DC motor, the inner rotor brushless DC motor segment is expected to be the fastest growing market during the forecast period. Due to superior dynamic characteristics inner rotor brushless DC motors are primarily used in applications that require compact and high output motors. Increased usage of brushless DC motors across major industries, residential & commercial growth, and growing agricultural sector, is expected to facilitate demand for brushless DC motors.
The report segments the brushless DC motor market based on distinct speed range. The brushless DC motor with speed range, 2001-10000 RPM segment is estimated to grow at the fastest rate, attributed to wide range of applications covered in medical & healthcare and consumer electronics as medical devices & instruments like- gas analyzer membrane pumps, dental instruments pumps, and anesthesia ventilator breathing system pump uses 2001-10000 RPM brushless DC motors.
The manufacturing industry segment is estimated to grow at the fastest rate, followed by medical devices and consumer electronics. Increasing industrial automation is likely to drive the manufacturing industry segment, which is expected to create new revenue pockets in the brushless DC motor market, during the forecast period.
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