LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global brushless DC motors market is projected to grow to USD 49.28 billion by 2021, at a CAGR of nearly 13% over the forecast period.
This research report titled ‘Global Brushless DC Motors Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
|Brushless DC motors develop a high torque when they are stationed, and linearly decrease as the velocity increases. They are better than the brushed DC motors because of their higher efficiency and lower maintenance due to lower mechanical wear outs. The brushless DC motors market is witnessing impressive growth, with an increase in the demand for electric vehicles.|
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Based on the end-users, the report categorizes the global brushless DC motors market into the following segments:
- Industrial sector
- Consumer durables sector
- Automotive sector
- Aerospace and defense sector
- Healthcare sector
The top three revenue-generating end-user segments in the global brushless DC motors market are discussed below:
“The industrial sector currently occupies the largest share of the brushless DC motors market, and is expected to retain its dominance over the forecast period due to their use in products like pumps, fans heaters, servo, actuation, and HVAC,” says Bharath Kanniappan, a lead analyst at Technavio for automation research.
Brushless DC motors use a closed-loop control system when used as a servo motor, which ensures precise motion that is controlled and stable. These motors are popular because of their precision in motion control and ability to ensure stable operation, which are critical factors in manufacturing and industrial processes.
Consumer durables sector
The consumer durables sector is expected to be the fastest-growing segment of the brushless DC motors market, expected to showcase a CAGR of over 15% through 2021. Consumer durables constitute home appliances and electronic gadgets, such as blenders, refrigerators, and dryers.
The adoption of brushless DC motors in consumer durables has increased due to the high-energy efficiency, reduced costs, and environment-friendly nature of these products. The major drivers for the growth of the consumer durables sector are the fast adoption of modern lifestyle and rise in dual-income households.
“The global brushless DC motors market in the automotive sector is expected to reach USD 10.4 billion by 2021. Brushless DC motors are mainly used for electric pumps, power steering, infotainment, and wipers in the automotive industry,” says Bharath.
The brushless DC motors offer longevity and power density, essential for powertrain and chassis applications, especially in vehicles that have space constraints and require frequent motor operations. The rise in the replacement of mechanical parts into electro-mechanical components has also increased the use of brushless DC motors in the automotive sector.
The top vendors highlighted by Technavio’s research analysts in this report are:
- ARC Systems
- Nidec Corporation
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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