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 & Above), By Speed (Upto 500RPM, 500-1000RPM, 1000-2000RPM, 2000-5000RPM, 5000-10000RPM, 10000RPM & Above), By Voltage (Upto 1KV, 1-6.6 KV, Above 6.6KV), By Vertical (Industrial, Commercial, Residential, Agriculture, Automotive & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2021-2026
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:
Report Code; AIR 0033
Report Code: AIR 12931
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