Brushless DC (BLDC) Motor Market by Type (Inner Rotor and Outer Rotor), by Power Rating (Low Power, Medium Power, and High Power), by End-User (Automotive, Consumer Electronics, Industrial Manufacturing, Aerospace and Defence, Healthcare, Energy & Power, and Others)–Global Opportunity Analysis and Industry Forecast 2024-2030

Brushless DC Motor Market Overview

The global Brushless DC (BLDC) Motor Market size was valued at USD 16.41 billion in 2023 and is predicted to reach USD 26.01 billion by 2030 with a CAGR of 6.81% from 2024-2030. A BLDC Motor is an electric motor powered by a direct current voltage supply and commutated electronically instead of by brushes. 

BLDC motors are known for their high efficiency, good speed-torque characteristics, and low maintenance.  These motors do not use brushes for commutation, which results in reduced wear and tear, lower noise, and longer lifespan. Brushless DC motors are also ideal for applications requiring precise control, high efficiency, and low heat generation. The construction of a brushless electric motor involves a rotor with permanent magnets and a stator with electronically controlled coils, allowing for a more efficient and reliable operation.

Market Dynamics and Trends

The growing demand for hybrid vehicles around the world increases the adoption of brushless DC motors, which play a crucial role in converting battery power into smooth acceleration and efficient propulsion. As more consumers prioritize environmentally friendly transportation options hybrid vehicles emerged as a compelling solution to reduce fuel consumption and greenhouse gas emissions.

According to a report published by International Energy Association, in April 2023, the adoption of electric vehicles increased in recent years, highlighted by the growing sales from 14% in the year 2022 to around 18% in the year 2023. With this increase in sales of electric vehicles the demand for brushless dc motor increases, thereby propelling the growth of the market.

Moreover, rising demand for HVAC system, driven by the surging urbanization around the world is further propelling the growth of the BLDC motor market. These motors are commonly used in HVAC systems due to their high efficiency, low maintenance, and variable speed capabilities compared to brushed DC motors. 

Additionally, the compact shape and designs of these brushless direct current motors increases their adoption in personal colling devices. According to a report published by UNCTAD the rate of urbanization around the world is growing rapidly accounted around 56.9% in 2022 and is expected to reach 68.0% by 2050. Thus, with the increase in HVAC systems around the world. the brushless DC motors market demand increases.

Furthermore, rise in aerospace industry around the world is further propelling the growth of the BLDC motor market, as it is widely used in life supporting systems, fluid systems, and thrust vector control systems of an aircraft. The adoption of these brushless electric motors is on high in aerospace industry due to their long-life, high-torque, and high efficiency qualities. Thus, with the surging adoption of brushless dc motor driven by the expanding aerospace sector, surging the market demand significantly.

However, high initial investment associated with the brushless DC electric motors compared to traditional brushed motors due to their more complex construction and electronic controls is expected to create hindrance for the growth of the market. On the other hand, the ongoing development of new magnetic technologies such as grain boundary diffusion process, aimed at enhancing coercivity of Neodymium Iron Boron (Nd-Fe-B) magnets which are used in brushless dc motors is expected to create future opportunities for the market.

Market Segmentations and Scope of the Study

The brushless dc motor market share is augmented on the basis of type, power rating, end-user, and region. On the basis of type, the market is divided into inner rotor and outer rotor. On the basis of power rating, the market is classified into low power, medium power, and high power. On the basis of end-user, the market is segmented into automotive, consumer electronics, industrial manufacturing, aerospace and defense, healthcare, energy & power, and others. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW. 

Geographical Analysis

Asia Pacific holds the dominant the brushless DC motor market share at present and is expected to continue its dominance during the forecast period. This is due to the increasing production of electric vehicles (EVs) within the region. According to a report published by East Asia Forum, in November 2023, China's production of electric vehicles (EVs) was expected to reach 8 million units which constitutes 25% of all cars sold in the country, which surpasses the figures in the European Union at 22% and notably exceeds the 6% in the United States.

BLDC motors play a crucial role in an EV such as propulsion of motors, braking systems, and power steering system, improving the build quality of the vehicle. Thus, with the increasing manufacturing of EVs driven by the rising adoption, the demand for the brushless DC motor market grows significantly. 

Moreover, the rise in production of consumer electronics goods such as television, washing machine, and handphones within the region is expected to drive the brushless dc motor market in the region. According to a report published by Federation of Indian Chambers of Commerce & Industry (FICCI), India's television production reached USD 4.24 billion in 2020-21 and is expected to reach USD 10.22 billion by 2025-26, growing at a Compounded Annual Growth Rate (CAGR) of 20%.

This increase in production of consumer electronics good is attribute to rise the demand for brushless dc motor, as it plays crucial role to operate cooling fans, automatic screen adjustment, and rotating bases and stands, therefore propelling the growth of the market.

On the other hand, North America is showing a steady rise in the market due to the presence of major companies such as Allied Motion, Inc., Ametek Inc., and ElectroCraft. These companies play a crucial role in driving advancements, innovation, and market expansion within the brushless dc motor market. 

For instance, in June 2022, Allied Motion acquiring Airex LLC, a company providing electromagnetic components for various industries such as defense, life science, and semiconductor applications. Airex's patented winding technology, coupled with robotic manufacturing, ensures top-tier quality in a variety of linear motors. Thus, the acquisition is expected to enhance Allied's motor offerings with high precision linear and rotary motor technology.

Moreover, increasing production of renewable energy driven by the rising reliability on sustainable and clean energy further propels the growth of the market. The motors are used in renewable energy sources for various reasons, including controlling the blade pitch and solar panel orientation in wind turbine generators and solar tracking system, maximizing the energy production. 

According to a report published by Environment America, in October 2023, the production of solar energy is consequently growing within the region, particularly in New York city, accounting to an overall growth of production by 42% in the year 2022 compared to the year 2021, with an overall production of 5476 Gwh, thereby propelling the growth of the market. 

Competitive Landscape

The brushless dc motor industry comprises various market players such as AMETEK.Inc., Allied Motion, Inc., MinebeaMitsumi Inc., Johnson Electric, Assun Motor, Anaheim Automation, Inc., ARC Systems Inc., ABB Ltd, Oriental Motor USA Corp., and Nidec Corporation among others. These market players are adopting various product launches across various regions to maintain their dominance in the market.

For instance, in December 2022, Nidec launched a single-phase brushless DC motor for electric fans, a high-efficiency product contributing to the evolution of home appliances. The development of a single-phase brushless DC motor for electric fans is expected to reduce heat loss coupled with quite operation, aiming to improve the performance of these applications.

Also, in March 2022, Johnson Electric launched the new ECI-043 brushless DC motor platform. The ECI-043 platform is designed for high torque, low-speed applications and offers stable torque output with precise controllability. It's well-suited for applications such as robotic lawn mower traction, cutters, and autonomous vehicle traction systems.

Key Benefits

• The report provides quantitative analysis and estimations of the brushless dc motor market from 2024 to 2030, which assists in identifying the prevailing industry opportunities.

• The study comprises a deep-dive analysis of the current and future brushless dc motor market trends to depict prevalent investment pockets in the industry.

• Information related to key drivers, restraints, and opportunities and their impact on the brushless dc motor market is provided in the report. 

• Competitive analysis of the key players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated on in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Brushless DC (BLDC) Motor Market Key Segments

By Type

• Inner Rotor 

• Outer Rotor

By Power Rating

• Low Power 

• Medium Power 

• High Power

By End-User

• Automotive 

• Consumer Electronics 

• Industrial Manufacturing 

• Aerospace and Defense 

• Healthcare 

• Energy and Power 

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

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