Brushless DC Motor Market Size, Trends & Analysis with COVID-19 Impact - Forecasts to 2026 By Type (Inner Rotor and Outer Rotor), By Type of End-User (Consumer Electronics, Automotive, Manufacturing, Medical Devices, and Other End-Users), By Type of Speed (<500 RPM, 501 – 2,000 RPM, 2,001 – 10,000 RPM, and >10,000 RPM), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Brushless DC Motor Market Insights
The Brushless DC Motor market is examined to evaluate the excellent amplification of CAGR of 7.3% throughout the forecast term (2020-2026). Brushless DC motors are powered on direct current electricity with the help of an inverter, convert the input current to alternation current respectively. These motors use limited current, therefore, is applied in varieties of equipment like fans, conveyors, and others. COVID-19 has drastically affected diverse verticals such as manufacturing, automotive, construction, and others. But, following the lifting of the global lockdown, the sectors have resumed operation and are divined to manifest fantabulous sprouting in the subsequent years. The advantages of brushless DC motor are high energy efficiency, low operational costs, less heat dissipation, low maintenance costs, swift response, and huge efficiency. The rowers of the market are the popularity of HVAC systems, hike in the regulation of electric vehicles, and sensorless command of the motor resulting in the accrue of reliability and durability.
Brushless DC Motor Market: By Type
Inner and outer motor are the major types of brushless DC motors in the market. In an outer rotor brushless DC motor, the stator is placed in the center of the motor whereas, the rotor surrounds the stator, and the inner rotor brushless DC motor is vice-versa of outer rotor brushless DC motor. The inner rotor is established to compose a large turnover in the upcoming years. The introduction of electric vehicles, the spike in resource utilization, and the evolution of digitization are some of the factors fostering the nurture of the market.
Brushless DC Motor Market: By Type of End-User
Automotive, consumer electronics, medical devices, manufacturing, and others are the levels following the end-users market. Consumer electronics are suspected to boom during the forecast period. The factors modifying the germination in the market would be an increase in per capita income, the adaptation of an individual to a pleasanter lifestyle, and lesser operational costs.
Brushless DC Motor Market: By Type of Speed
The brushless DC motor can be operated in various speeds such as 501 – 2,000 RPM, <500 RPM, >10,000 RPM, and 2,001 – 10,000 RPM. Brushless DC motors with the speed of 2,001 - 10000 RPM will see a striking escalation due to high reliability, advancement in technology, and speedy enactment in automation representing as drivers of the global market.
Brushless DC Motor Market: By Region
CSA (Central & South America), NA (North America), APAC (Asia-Pacific), MEA (the Middle East & Africa), and Europe are the severance based on the provincial review. The APAC region is expected to exhibit a burgeon in the market where an increase in automotive and electronics industries, an adaption of industrial robots, and pocket-friendly cost maintenance availing SMEs are the operators encouraging the growth of the market.
Brushless DC Motor Market Share and Competitor Analysis
The major competitors in the market are Johnson Electric., Nidec Corporation, Regal Beloit Corporation, Allied Motion Technologies Inc., Minebea Mitsumi Inc., Maxon Motor, AMETEK Inc., Oriental Motor Co. Ltd., Portescap U.S. Inc., ElectroCraft Inc., and numerous enterprises.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2019, the KinetiMaxTM high-power density (HPD) motor series was launched by the Allied Motion Company. The product is equipped to render applications such as high-torque, and low-cogging.
In July 2018, Dunkermotoren GmBH., launched BG 65/BG 66 dMove servomotors which is a fully automatic machine.
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The Brushless DC Motor Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Brushless DC Motor Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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