Brushless DC Motor Market: Current Analysis and Forecast (2021-2027)

Report Description

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Brushless DC Motor Market was valued at US$ 15.30 billion in 2020 and is expected to grow at a CAGR of 8.10 % over the forecast period (2021-2027). Brushless DC motors are often used in modern devices where low noise and low heat are required, especially in devices that run continuously. This may include washing machines, air conditioners and other consumer electronics. The benefits associated with brushless DC motors such as low noise level, high torque, saving energy, and increased operational efficiency fuel the growth of the market. Also, these motors offer optimum efficiency and reliability at the same time, which proves to be economical in many applications, such as window lifters, air conditioners, and sunroof actuators. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. Furthermore, the market is driven by the rising activity in the Electric Vehicle (EV) industry, globally. The growing popularity of vehicle features, such as motorized seats, adjustable mirrors, and sunroof systems, is driving the demand for BLDC motors. For instance, as per IEA, more than 10 million electric cars were on the world’s roads in 2020 and the same is set to grow at an expanded rate over the next 10 years.

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The global brushless DC motor market is driven by its increasing usage in wide range of applications in industries such as marine, automotive, chemicals, paper & pulp, food processing, electronics manufacturing, semiconductors, and aerospace. Furthermore, the rising trend of high-tech electronics, such as drones and mobility scooters, and the introduction of sensor-less BLDC motors, are also contributing to the market growth.

AMETEK, Inc., Nidec Corporation, Allied Motion Technologies Inc., Johnson Electric, ABB Ltd. etc. are some of the prominent players operating in the Global Brushless DC Motor Market. Several M&As along with partnerships have been undertaken by these players to facilitate countries with more innovative Brushless DC Motor applications.

Insights Presented in the Report

“Amongst type, Inner Rotor segment holds the major share.”

Based on type, the market is segmented into Inner Rotor, and Outer Rotor. The Inner Rotor segment grabbed XX% market share of the Global Brushless DC Motor Market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 owing to its adoption in industrial robots due to a rise in trend toward automation and technical improvements in industrial robots.

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“Amongst Power output type, 0-750 W dominated the market in 2020.”

Based on Power output type, the market is segmented into 0-750 W, 750 W to 3 KW, 3 kW – 75 kW, & Above 75 kW. In 2020, the 0-750 W segment dominated the Brushless DC Motor Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing to the wide usage of these products in numerous applications, such as fans, pumps, compressors, machine tools, domestic appliances, electric cars, HVAC applications, power tools, and automated robots.

“Amongst End User type, Automotive segment dominated the market in 2020.”

Based on End user type, the market is classified into Consumer Electronics, Automotive, Manufacturing, Medical Devices, and Others (including HVAC, agricultural, solar pumps, and aerospace & defense applications). The Automotive segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as automobile industry uses motors of different types and specifications for numerous applications.

“Asia Pacific represents as the largest market in the Global Brushless DC Motor Market.”

For a better understanding of the market adoption of Brushless DC Motor, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 on account of growing investments in electronics & industrialization in different countries of the region.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional & country-level analysis of the industry

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future of the Global Brushless DC Motor were the three major steps undertaken to create and analyze the adoption of Brushless DC Motor across various segments in North America, Europe, Asia Pacific, & Rest of the world. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Brushless DC Motor sector. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Brushless DC Motor through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Brushless DC Motor Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are as type, power output, and end user. Further regional & country-level analyses were conducted to evaluate the overall adoption of the Brushless DC Motor in the global context.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Brushless DC Motor. Further, we conducted factor analysis using dependent and independent variables like rise in industrial automation and the need for advanced technologies like Brushless DC Motor. Historical trends and their year-on-year impact on the market size and share in the recent past was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Brushless DC Motor Market, and market shares of the segments. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of Brushless DC Motor across the major markets
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Brushless DC Motor Market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Global Brushless DC Motor Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, power output, and end user verticals.

The main objective of the Brushless DC Motor Market Study

The current & future market trends of Brushless DC Motor were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends determine the overall attractiveness of the market at a global & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Brushless DC Motor in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, power output, and end user verticals
• Defined analysis of the regulatory framework for the Global Brushless DC Motor industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Brushless DC Motor for the major regions & countries
• Major regions studied in the report include North America, Europe, Asia Pacific, and Rest of World
• Company profiles of the Brushless DC Motor Market players and the growth strategies adopted by them to sustain in the fast-growing market

Deep dive regional & country level analysis of the industry

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