Brushless DC Motor Market - Forecast(2024 - 2030)

Brushless DC Motor Market Size is forecast to reach $25.50 billion by 2030, at a CAGR of 8.5% during 2024-2030. The Brushless DC Motor market is experiencing significant growth driven by the escalating global electricity consumption and the widespread utilization of electrical equipment across various industries, particularly in the renewables sector. Permanent Magnet Synchronous Motors, a subset of Brushless DC Motors, are witnessing substantial demand during the forecast period. This surge is propelled by the increasing adoption of green vehicles and a growing emphasis on energy-efficient solutions in Heating, Ventilation, and Air Conditioning (HVAC) systems. Customer awareness regarding environmental sustainability has played a pivotal role in driving market expansion. The rising consciousness among consumers about green vehicles and energy-efficient HVAC systems is a key factor contributing to the market's growth trajectory. Moreover, governments worldwide are incentivizing the adoption of eco-friendly transportation solutions to combat carbon emissions, further propelling the Brushless DC Motor market. Additionally, The Brushless DC Motor market experiences robust growth propelled by technological innovations like switching power supply integration, driving heightened demand across diverse applications. This expansion is sustained by environmental consciousness, government incentives, and ongoing technological advancements. Industries' commitment to energy efficiency positions the market for continual growth. These are the factors propelling the market growth in the forecast period 2024-2030.

The report: “Brushless DC Motor Market Report– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Brushless DC Motor market

By Rotor Type: Inner Rotor, Outer Rotor

By Type: Single Phase, Three Phase

By Efficiency Class: IE1, IE2, IE3, IE4

By Output Power: Upto 350W, 350-700W, 700-1000W, 1-2KW, 2-5KW, 5KW and Above

By Speed: Upto 500RPM, 500-1000RPM, 1000-2000RPM, 2000-5000RPM, 5000-10000RPM, 10000RPM and Above

By Voltage: Upto 1KV, 1-6.6 KV, and Above 6.6KV

By Vertical: Industrial, Commercial, Residential, Agriculture, Automotive and Others

By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina

, and others), Europe (Germany, UK, France, Italy, Spain, and Others), APAC (China, Japan India, SK, Australia and Others), and RoW (Middle East and Africa)

•  The Asia-Pacific held the largest share of 40.5% in the Brushless DC Motor market, in 2023, which is propelled by energy efficiency, electric vehicle adoption, environmental concerns, and industrialization investments.

• The rising demand for efficient energy usage over concerns of the environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Brushless DC Motor market in APAC.

• The inner rotor segment is growing at a significant CAGR of 9.1% in the forecast period. In inner rotor-type motors, rotors are positioned at the center and surrounded by stator winding.

• The automotive sector is expected to witness the highest CAGR of 10.9% during the forecast period, owing to various factors such as an increase in sales of electric vehicles due to rising concerns over greenhouse gas emissions, and favorable government policies in countries such as India, China, and so on.

• Brushless DC Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers

The inner rotor segment is growing at a significant CAGR of 9.1% in the forecast period. In inner rotor-type motors, rotors are positioned at the centre and surrounded by stator winding. These motors are used in the manufacturing, automotive, and consumer electronics industries for robotics, CNC machines, automatic door openers, and metal cutting and forming machine applications. These applications require motors that can carry out fast acceleration and deceleration of speed, offer high starting torque, have reversible action capability, and are compact. For instance, The International Energy Agency projects robust growth in electric car sales, with 2.3 million units sold in Q1, a 25% YoY increase. Anticipating 14 million sales by the end of 2023, a 35% YoY rise, electric cars may constitute 18% of total annual sales, and also China leads the global electric car market with over 50% of all-electric vehicles. Surpassing 2025 targets, the nation underscores its commitment to robust new energy vehicle adoption. This indicates the increased demand for electric vehicles and their accelerated manufacturing in coming years, which in turn, is expected to fuel the demand for inner rotor Brushless DC Motors.

The automotive sector is expected to witness the highest CAGR of 10.9% during the forecast period, owing to various factors such as an increase in sales of electric vehicles due to rising concerns over greenhouse gas emissions, and favorable government policies in countries such as India, China, and so on. Increasing focus on R&D activities and rapid technological changes owing to the changing government norms for vehicle safety are projected to drive the market. In addition, automotive safety norms are evolving in developing countries due to upcoming legislations for active and passive safety systems, which mandate the installation of safety systems in passenger cars. This considerably increases the installation of safety systems such as ABS and ESC per vehicle and thus, increases the demand for Brushless DC Motors. Safety features are enhanced by ABS, ESC, and brake assist motor platforms, which provide high power density and reliability for all vehicles, including hybrid and electric car braking systems. Advanced compact pedal adjuster motors are designed to provide the highest uniformity in the smallest package to enhance driver control and comfort. All these features are increasing the comfort and performance of a vehicle, subsequently driving the demand for Brushless DC Motors in the forecast period 2024-2030.

Brushless DC Motor market in the Asia-Pacific region held a significant market share of 40.5% in 2023. Increasing compliance for energy-efficient motors and the rising adoption of motor-driven electric vehicles are the key factors driving market growth. The rising demand for efficient energy usage over concerns of the environmental impact of energy generation from conventional sources such as coal and natural gas is expected to help grow the Brushless DC Motor market. In addition, advancements in the agriculture sector and enormous investments in industrialization in countries such as China, India, South Korea, and Australia are driving the market growth. For instance, according to Invest India, In FY 2022-23, Indian agriculture is set to grow by 3.5%, with exports reaching $50.2. As agricultural production rises, there is an increasing demand for efficient and reliable motors to power machinery used in farming processes, this boost in demand is likely to drive the Brushless DC Motor Marke. Furthermore, the increasing production and sales of electric vehicles in countries including China and Japan are also analyzed to drive the market growth.

The electric car market has witnessed rapid evolution with the ongoing developments in the automotive sector and favourable government policies and support in terms of subsidies and grants, tax rebates. Major manufacturers such as General Motors, Toyota, and BMW plan to release a potential 400 models and estimated global sales of 25 million by 2025. Ford's historic $7 billion investment in manufacturing is the largest ever made by an automotive manufacturer in the U.S. It is a significant part of their ambitious plan to invest over $30 billion in electric vehicles by 2025. Similarly, Volkswagen aims to sell 1.5 million electric vehicles in China by 2025, and aims for a 50% global EV market share by 2030, demonstrating a commitment to sustainable mobility. As electric vehicles use various types of Brushless DC Motors, hence the rising demand for electric vehicles globally drives the automotive valves market.

Manufacturers are continuously focusing on R&D to develop new and effective Brushless DC Motors to meet consumer demand. Increasing concerns, such as environmental pollution and regulations, are forcing manufacturers to develop Brushless DC Motors that reduce vibration and increase efficiency. For instance, a synchronous Brushless DC Motor is around 80% more efficient than Brushless DC Brushless DC Motor. Similarly, the development of a new type of steel for Brushless DC Motors reduces the weight of the Brushless DC Motor and makes it more efficient and powerful. This new type of Brushless DC Motor will be small in size and cost-effective, which will raise demand from residential and commercial applications. Moreover, growing developments from various companies are also analyzed to drive market growth. In 2023, Mean Well introduces the VFD Series, a cutting-edge product line featuring 150W to 750W Industrial Brushless DC Motor Controllers and Drivers, advancing industrial automation with precision and efficiency. Similarly, Arc Systems Inc. developed the squirrel cage Brushless DC Brushless DC Motor with class-H insulation materials, which can sustain high temperatures. Hence these factors are analysed to drive the market growth in the forecast period 2024-2030.

Intense Competition from Unorganized Sector with Low-Cost, Low-Quality Products

The market for Brushless DC Motors is highly fragmented, with a significant number of domestic and international manufacturers. Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of Brushless DC Motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality Brushless DC Motors. This acts as a key challenge for the growth of the market.

Product launches, acquisitions, Partnerships, and R&D activities are key strategies adopted by players in the Brushless DC Motor market. Brushless DC Motor's top 10 companies include Teco Electric, Ametek, Johnson Electric, Allied Motion, Faulhaber, Siemens AG, Hitachi Ltd, Nidec Corporation, ARC Systems Inc, Maxon Group, among others.

 In March 2022, Nidec Servo Corporation unveiled the world's inaugural brushless DC motors featuring Can-Bus communication for vending machines' product dispensing systems, enhancing efficiency and connectivity in automated transactions.

 In Mar 2022, Johnson Electric proudly introduced the ECI-043 brushless DC motor platform, tailored for high torque, and low-speed applications like robotic lawn mower traction and autonomous vehicle systems. Rigorously tested for reliability, it ensures stable torque output with superior controllability. Customizable planetary gearbox options are available upon request.