LONDON--(BUSINESS WIRE)--The global brushless DC motors market is expected to grow by USD 38.83 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 13%.
Request challenges and opportunities that influence COVID-19 pandemic - Request Free Sample Report on COVID-19 Impacts
Read the 120-page report with TOC on "Brushless DC Motors Market Analysis Report by Product (Less than 750 W power rating, 750 W to 3 kW power rating, More than 75 kW power rating, and 3 kW to 75 kW power rating), End-user (Industrial, Consumer durables, Automotive, Aerospace and defense, and Healthcare), Geographic Landscape (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024".
The market is driven by the growing use of BLDC motors in consumer durables. In addition, the development of sensor-less BLDC motor is anticipated to boost the growth of the brushless DC motors market.
The absence of brushes in BLDC motors reduces wear and tear and frictional losses, which makes them more reliable, easy to maintain, and energy-efficient. Such advantages have increased the use of brushless DC motors in consumer durable products such as air conditioners, washing machines, electric fans, and microwave ovens. BLDC motors are also increasingly used in cordless power tools such as cordless screwdrivers and drills as they consume less power compared to brushed DC motors. During the forecast period, the global consumer durables market is expected to register high growth due to increasing per capita income in both developing and developed economies. All these factors will positively influence the growth of the global brushless DC motors market.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Brushless DC Motors Companies:
Allied Motion Technologies Inc.
Allied Motion Technologies Inc. operates its business through segments such as Vehicle, Industrial, Medical, Aerospace & Defense, and Others. The company offers a wide range of brushless dc motors such as brushless dc motors with drives, brushless servo motors, frameless direct drive servo motors, and housed direct drive servo motors.
AMETEK Inc. operates its business through segments such as Electronic Instruments and Electromechanical. The company offers brushless servo motors and pittiman brushless dc motors.
Buhler Motor GmbH
Buhler Motor GmbH operates its business through the Products segment. The company provides different sizes of brushless DC motors such as EC motor 39x70, EC motor 39x100, EC motor 62x87, EC motor 62x112, and EC motor 62x142.
Faulhaber operates its business through the Products segment. The company manufactures DC motors, brushless DC motors, motors with integrated electronics, linear DC servomotors, stepper motors, piezo motors, precision gearheads, linear components, encoders, drive electronics, and other accessories.
Johnson Electric operates its business through segments such as Automotive products and Industry products. The company offers automotive EC motors, industry EC motors such as low voltage EC motors, high voltage EC motors, and industry FM motors.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Brushless DC Motors Market Product Outlook (Revenue, USD Billion, 2019-2024)
- Less than 750 W power rating
- 750 W to 3 kW power rating
- More than 75 kW power rating
- 3 kW to 75 kW power rating
Brushless DC Motors Market End-user Outlook (Revenue, USD Billion, 2019-2024)
- Consumer durables
- Aerospace and defense
Brushless DC Motors Market Geographic Landscape Outlook (Revenue, USD Billion, 2019-2024)
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Related Reports on Industrials Include:
Global Torque Motor Market – Global torque motor market by type (AC torque motors and DC torque motors) and geography (APAC, North America, Europe, MEA, and South America).
Global Medium Voltage Motors Market – Global medium voltage motors market by product (AC motors and DC motors), end-user (process industries, discrete industries, and HVAC), and geography (APAC, North America, Europe, MEA, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.