Brushless DC Motor Market - Forecast(2022 - 2027)

Report Code: ESR 0698 Report Format: PDF + Excel

Brushless DC Motor Market Overview

Brushless DC Motor Market Size is forecast to reach $18.4 billion by 2026, at a CAGR of 8.5% during 2021-2026. The increase in global electricity consumption and the use of electrical equipment and machines in different industries and the renewables sector are major factors driving growth in the Brushless DC Motor market, especially Permanent Magnet Synchronous Mtoors, during the forecast period. An increase in awareness regarding green vehicles and energy-efficient Heating ventilation and air conditioning (HVAC) among customers has been a key factor driving the market. Besides this, a rising number of government incentives to encourage sales of green vehicles for safeguarding the environment from carbon emission is expected to drive the market growth. Additionally, Brushless DC Motors have been observing several advancements in technology such as integration of switching power supply over the past few years, owing to which its demand is gaining traction in the forecast period 2021-2026.

Brushless DC Motor Market Report Coverage

The report: “Brushless DC Motor Market Report– Forecast (2021-2026)”, 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, 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, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

Key Takeaways

  • The rising demand for efficient energy usage over concerns of 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 centre and surrounded by stator winding.
  • Automotive sector is expected to witness a highest CAGR of 10.9% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favourable 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.

Global Brushless DC Motor Market, By Region, 2020

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Brushless DC Motor Market Segment Analysis - By Rotor Type

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. According to the IEA, EV Outlook 2020, the global sales of electric cars reached 2 million in 2019, 40% higher than in 2018. 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.

Brushless DC Motor Market Segment Analysis - By Vertical

Automotive sector is expected to witness a highest CAGR of 10.9% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases 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 motors 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 2021-2026.

Brushless DC Motor Market Segment Analysis - By Geography

Brushless DC Motor market in Asia-Pacific region held significant market share of 40.5% in 2020. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth. The rising demand for efficient energy usage over concerns of 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 is driving the market growth. Further, the increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the market growth.

Brushless DC Motor Market Drivers

Rise in demand for Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favorable 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 of 400 models and estimated global sales of 25 million by 2025. In 2021, Ford Motor has committed to increase its investments in electric vehicles to $30 billion by 2025, up from a previous spend of $22 billion by 2023. Similarly, in 2020, Volkswagen, Chinese ventures has committed to invest $17.5 billion in electric vehicles by 2025. As electric vehicles use various types of Brushless DC Motors, hence the rising demand for electric vehicles globally drives the automotive valves market.

Growing R&D activities

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 an Brushless DC Brushless DC Motor. Similarly, the development of a new type of steel for Brushless DC Motors, which 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 is also analysed to drive the market growth. In 2020, ABB has launched low voltage IEC Brushless DC motor to reduce the overall size of the equipment. Similarly, Arc Systems Inc. developed the squirrel cage Brushless DC Brushless DC Motor with class-H insulation materials, which can sustain high temperature. Hence these factors are analysed to drive the market growth in the forecast period 2021-2026.

Brushless DC Motor Market Challenges

Easy availability of low-quality Brushless DC Motors

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.

Brushless DC Motor Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Brushless DC Motor market. Brushless DC Motor top 10 companies include ABB Ltd. AMETEK, Inc., Johnson Electric Holdings Limited, Siemens AG, Rockwell Automation, Toshiba Corp., Hitachi Ltd., Nidec Corporation, ARC Systems Inc., among others.

Acquisitions/Product Launches

  • In 2021 BorgWarner launched HVH 320 Brushless DC Motors in four variants. They are offered to light-duty passenger cars and heavy-duty commercial vehicles.
  • In 2020, ABB has launched new range of low voltage IEC Brushless DC motors, which are compactly designed and reduces the overall size of the equipment by minimizing space and total cost of ownership.

Relevant Report Titles:

Industrial Motors Market:

Report Code; AIR 0033

Automotive Motors Market:

Report Code: AIR 12931 

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1. Brushless DC Motor Market - Market Overview
    1.1 Definitions and Scope
2. Brushless DC Motor Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by geography
3. Brushless DC Motor Market– Industry Landscape
    3.1 Comparative Analysis
        3.1.1 product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis 
        3.1.5 Pricing Analysis
4. Brushless DC Motor Market - Startup companies Scenario Premium (Premium)
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Brushless DC Motor Market - Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Brushless DC Motor Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
7. Brushless DC Motor Market - By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Cain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Supplier/Distributor Analysis
8 Brushless DC Motor Market – By Type (Market Size -$Million/Billion)
    8.1 Single Phase
    8.2 Three Phase
9 Brushless DC Motor Market – By Efficiency Class (Market Size -$Million/Billion)
    9.1 IE1
    9.2 IE2
    9.3 IE3
    9.4 IE4
10 Brushless DC Motor Market – By Output Power (Market Size -$Million/Billion)
    10.1 Upto 350W
    10.2 350-700W
    10.3 700-1000W
    10.4 1-2KW
    10.5 2-5KW
    10.6 Above 5KW
11 Brushless DC Motor Market – By Speed (Market Size -$Million/Billion)
    11.1 Upto 500RPM
    11.2 500-1000RPM
    11.3 1000-2000RPM
    11.4 2000-5000RPM
    11.5 5000-10000RPM
    11.6 Above 10000RPM
11. Brushless DC Motor Market – By Voltage (Market Size -$Million/Billion)
    11.1 Up to 1 KV
    11.2 1Kv – 6.6 KV
    11.3 Above 6.6 KV
12 Brushless DC Motor Market – By End User (Market Size -$Million/Billion)
    12.1 Industrial
    12.2 Commercial
    12.3 Residential
    12.4 Agricultural
    12.5 Automotive
    12.6 Others
13 Brushless DC Motor Market – By Rotor Type (Market Size -$Million/Billion)
    13.1 Inner Rotor
    13.2 Outer Rotor
14 Brushless DC Motor Market – By Geography
    14.1 North America
        14.1.1 U.S
        14.1.2 Canada
        14.1.3 Mexico
    14.2 South America
        14.2.1 Brazil
        14.2.2 Argentina
        14.2.3 Chile
        14.2.4 Others
    14.3 Europe
        14.3.1 U.K
        14.3.2 Germany
        14.3.3 France
        14.3.4 Italy
        14.3.5 Netherlands
        14.3.6 Belgium
        14.3.7 Spain
        14.3.8 Russia
        14.3.9 Others
    14.4 APAC
        14.4.1 China
        14.4.2 India
        14.4.3 Japan
        14.4.4 South Korea
        14.4.5 Indonesia
        14.4.6 Malaysia
        14.4.7 Australia & New Zealand
        14.4.8 Others
    14.5 ROW
        14.5.1 Middle East
        14.5.2 Africa
15 Brushless DC Motor Market – Entropy
16 Brushless DC Motor Market – Industry / Segment Competition landscape Premium (Premium)
    16.1 Market Share Analysis
        16.1.1 Market Share by Region- Top 10 companies
        16.1.2 Market Share by type of Industry vertical – Top 10 companies
        16.1.3 Market Share by type of component- Top 10 companies
        16.1.4 Market Share at global level- Top 10 companies
        16.1.5 Best Practices for companies
17 Brushless DC Motor Market – Key Company List by Country Premium (Premium)
18 Brushless DC Motor Market -Company Analysis
    18.1 ABB Ltd.
    18.2 AMETEK, Inc.
    18.3 Johnson Induction Holdings Limited
    18.4 Siemens AG
    18.5 Toshiba Corp.
    18.6 Company 6
    18.7 Company 7
    18.8 Company 8
    18.9 Company 9
    18.10 Company 10