Abstract
Summary
The global brushless DC motor market is projected to reach USD 17.6 billion by 2028 from an estimated USD 12.1 billion in 2023, at a CAGR of 7.9% during the forecast period. The increasing demand for brushless DC motor is driven by their energy efficiency, low maintenance, and precise control. Industries use them to boost performance and reliability in applications like robotics, electric vehicles, and manufacturing processes. Their compact design and minimal electromagnetic interference make them a preferred choice across various sectors.
“Automotive: The fastest segment of the blower market, by end user.”
Based on end user, the brushless DC motor market has been segmented into consumer electronics, automotive, manufacturing, medical devices, and others. The automotive segment is the fastest segment n the brushless DC motor market is propelled by the automotive industry's continual pursuit of advancements in vehicle electrification and automation. Brushless DC motors play a pivotal role in electric power steering, HVAC systems, and various auxiliary components within modern vehicles. The increasing emphasis on fuel efficiency, reduced emissions, and the integration of advanced technologies in automotive platforms further amplifies the demand for brushless DC motors.
“Outer Rotor segment is expected to emerge as the second-largest segment based on type.”
Based on type, the brushless DC motor market has been segmented into inner rotor and outer rotor. The outer rotor segment is expected to be the second-largest segment. Outer rotor motors offer a larger rotor diameter, resulting in higher torque and efficiency. This makes them suitable for applications that require high starting torque and consistent performance, such as electric fans, blowers, and certain industrial machinery. The outer rotor design's ability to deliver robust performance in various scenarios contributes to its significant growth in the brushless DC motor market.
“2,001 – 10,000 RPM segment is expected to emerge as the largest segment based on speed.”
The brushless DC motor market has been segmented into the <500 RPM, 501-2,000 RPM, 2,001-10,000 RPM and >10,000 RPM. The 2,001-10,000 RPM segment is expected to be the largest segment based on speed aligns with the requirements of numerous precision-centric applications. This speed range is well-suited for tasks like high-speed machining, medical equipment, and electric power tools. The demand for increased operational efficiency and performance in these applications has propelled the 2001-10,000 RPM segment to become the largest.
“Asia Pacific is expected to be the fastest region in the brushless DC motor market.”
Asia Pacific is expected to be the fastest region in the brushless DC motor market between 2023–2028, followed by North America. The region's manufacturing prowess, particularly in China and India, is a key driver, propelling the demand for brushless DC motors in diverse applications, from factory automation to electric vehicles. Moreover, the surge in consumer electronics production further amplifies the market growth, emphasizing Asia Pacific's pivotal role in the global brushless DC motor landscape. The region's proactive embrace of renewable energy solutions, including solar pumps, adds another dimension to its dominance in driving the upward trajectory of the brushless DC motor market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Levels- 25%, and Others- 45%
By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, the Middle East & Africa- 8%, and South America-12%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The brushless DC motor market is dominated by some major players that have a wide regional presence. The leading players in the market are Ametek Inc. (US), Allied Motion, Inc. (US), NIDEC Corporation (Japan), MinebeaMitsumi Inc. (Japan), and Johnson Electric Holdings Limited (China).
Research Coverage:
The report defines, describes, and forecasts the global brushless DC motor market, by type, speed, end user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the brushless DC motor market.
Key Benefits of Buying the Report
• Analysis of major drivers (reduced expenses associated with the upkeep of brushless DC motors, and surged adoption of energy efficient brushless DC motors worldwide), restraints (high costs of brushless DC motors and requirement of controllers in them), opportunities (transition of global automotive industry towards electric vehicles and capitalizing on emerging markets), challenges (widespread accessibility of substandard and inexpensive brushless DC motors) influencing the brushless DC motor market.
• Product Development/ Innovation: Players involved in the brushless DC motor market are investing in research and development activities and are coming up with new products in order to maintain their competitive edge in the market. Johnson Electric Holdings Limited announced the launch of its ECI-043 brushless DC motor platform in 2022, which aims at high torque low speed applications and delivers a stable torque output with a high level of controllability. This is suited for robotic lawn mower traction, cutter, and autonomous vehicle traction systems.
• Market Development: The global brushless DC motor market is experiencing robust development, driven by rising industrialization, infrastructure projects, and environmental consciousness. A surge in demand across varied sectors, including consumer electronics, medical devices, and other fuels market expansion. Technological advancements in brushless DC motor systems, emphasizing energy efficiency and compliance with stringent regulations, further influence on the dynamic growth and advancement of the global brushless DC motor market.
• Market Diversification: Nidec Corporation formed a strategic partnership with Designatronics, a developer of high-quality mechanical components in 2021. This partnership would enable Nidec Corporation to extends its distribution capabilities and serve its customers with DC motors and controllers for industrial automation, robotics, medical technology, safety & security, agriculture, marine, food & beverage, biomass/pellet technology, vending and more.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Ametek Inc. (US), Allied Motion, Inc. (US), NIDEC Corporation (Japan), MinebeaMitsumi Inc. (Japan), and Johnson Electric Holdings Limited (China) among others in the brushless DC motor market.
Table of Contents
1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 INCLUSIONS AND EXCLUSIONS 32
1.3.1 BRUSHLESS DC MOTOR MARKE, BY TYPE 32
1.3.2 BRUSHLESS DC MOTOR MARKET, BY END-USE APPLICATION 32
1.3.3 BRUSHLESS DC MOTOR MARKET, BY SPEED 33
1.4 STUDY SCOPE 33
1.4.1 MARKET SEGMENTATION 33
1.4.2 REGIONAL SCOPE 34
1.4.3 YEARS CONSIDERED 34
1.5 UNIT CONSIDERED 35
1.6 CURRENCY CONSIDERED 35
1.7 LIMITATIONS 35
1.8 STAKEHOLDERS 35
1.9 SUMMARY OF CHANGES 36
1.10 IMPACT OF RECESSION 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH APPROACH 37
2.1.1 SECONDARY DATA 38
- 2.1.1.1 List of major secondary sources 38
- 2.1.1.2 Key data from secondary sources 38
2.1.2 PRIMARY DATA 39
- 2.1.2.1 Key data from primary sources 39
- 2.1.2.2 List of key interview participants 39
- 2.1.2.3 Breakdown of primaries 40
- 2.1.2.4 Key industry insights 40
2.2 SCOPE 41
2.3 MARKET SIZE ESTIMATION 42
2.3.1 BOTTOM-UP APPROACH 42
- 2.3.1.1 Approach to derive market size using bottom-up analysis 42
2.3.2 TOP-DOWN APPROACH 43
- 2.3.2.1 Approach to derive market size using top-down analysis 43
2.3.3 DEMAND-SIDE ANALYSIS 44
- 2.3.3.1 Supply-side calculations 44
- 2.3.3.2 Supply-side assumptions 45
2.3.4 SUPPLY-SIDE ANALYSIS 45
- 2.3.4.1 Demand-side calculations 46
- 2.3.4.2 Demand-side assumptions 46
2.3.5 FORECAST 47
2.4 DATA TRIANGULATION 48
2.5 RESEARCH ASSUMPTIONS 49
2.6 RISK ASSESSMENT 50
2.7 RECESSION IMPACT 50
3 EXECUTIVE SUMMARY 51
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BRUSHLESS DC MOTOR MARKET 55
4.2 BRUSHLESS DC MOTOR MARKET, BY TYPE 55
4.3 BRUSHLESS DC MOTOR MARKET, BY SPEED 56
4.4 BRUSHLESS DC MOTOR MARKET, BY END-USE APPLICATION 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 57
5.2.1 DRIVERS 58
- 5.2.1.1 High demand for HVAC systems 58
- 5.2.1.2 Low maintenance costs of brushless DC motors 58
- 5.2.1.3 Significant increase in adoption of energy-efficient brushless DC motors 59
5.2.2 RESTRAINTS 59
- 5.2.2.1 High costs of brushless DC motors 59
5.2.3 OPPORTUNITIES 59
- 5.2.3.1 Increasing demand for electric vehicles 59
- 5.2.3.2 Rapid industrialization in developing countries 59
5.2.4 CHALLENGES 60
- 5.2.4.1 Widespread accessibility of substandard and inexpensive brushless DC motors 60
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 60
5.4 SUPPLY CHAIN ANALYSIS 61
5.4.1 RAW MATERIAL PROVIDERS 61
5.4.2 ORIGINAL EQUIPMENT MANUFACTURERS 61
5.4.3 DISTRIBUTORS 61
5.4.4 END-USE APPLICATIONS 62
5.5 ECOSYSTEM ANALYSIS 62
5.6 PRICING ANALYSIS 63
5.7 TRADE ANALYSIS 64
5.8 KEY CONFERENCES AND EVENTS, 2023-2024 65
6 BRUSHLESS DC MOTOR MARKET, BY TYPE 66
6.1 INTRODUCTION 67
6.2 INNER ROTOR 68
6.2.1 INCREASING ADOPTION OF ELECTRICAL VEHICLES TO FUEL MARKET GROWTH 68
6.3 OUTER ROTOR 69
6.3.1 SURGING DEMAND FOR LOW CURRENT DEVICES TO DRIVE MARKET 69
7 BRUSHLESS DC MOTOR MARKET, BY SPEED 71
7.1 INTRODUCTION 72
7.2 <500 RPM 73
7.2.1 RISING ADOPTION OF ROBOTICS AND AUTOMATION TECHNOLOGIES BY MANUFACTURING FIRMS TO BOOST DEMAND 73
7.3 501-2,000 RPM 74
7.3.1 INCREASING USE IN HVAC SYSTEMS TO DRIVE MARKET 74
7.4 2,001-10,000 RPM 75
7.4.1 GROWING UTILIZATION IN MEDICAL EQUIPMENT TO FOSTER SEGMENTAL GROWTH 75
7.5 >10,000 RPM 76
7.5.1 SURGING ADOPTION BY ARMS AND AIRCRAFT MANUFACTURERS TO DRIVE MARKET 76
8 BRUSHLESS DC MOTOR MARKET, BY END-USE APPLICATION 77
8.1 INTRODUCTION 78
8.2 CONSUMER ELECTRONICS 79
8.2.1 GROWING USE OF MINIATURE BRUSHLESS DC MOTORS IN HIGH-END CONSUMER ELECTRONICS TO FOSTER SEGMENTAL GROWTH 79
8.3 AUTOMOTIVE 80
8.3.1 INCREASING DEMAND FROM AUTOMOBILE MANUFACTURERS TO STIMULATE MARKET GROWTH 80
8.4 MANUFACTURING 81
8.4.1 RISING FOCUS OF MANUFACTURING FIRMS ON REPLACING CONVENTIONAL DC MOTORS TO ACCELERATE MARKET GROWTH 81
8.5 MEDICAL DEVICES 82
8.5.1 INTEGRATION OF BRUSHLESS DC MOTORS IN BREATHING DEVICES AND AIR PUMPS TO BOOST DEMAND 82
8.6 OTHERS 83
9 BRUSHLESS DC MOTOR MARKET, BY REGION 85
9.1 INTRODUCTION 86
9.2 NORTH AMERICA 88
9.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 88
9.2.2 US 92
- 9.2.2.1 Growing investments in surface transportation infrastructure improvement to drive market 92
9.2.3 CANADA 93
- 9.2.3.1 High expenditure on procuring and deploying manufacturing equipment to drive market 93
9.2.4 MEXICO 95
- 9.2.4.1 Rapidly growing automotive industry to drive market 95
9.3 ASIA PACIFIC 97
9.3.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 97
9.3.2 CHINA 101
- 9.3.2.1 Increasing demand for electrical and electronic products to accelerate market growth 101
9.3.3 INDIA 103
- 9.3.3.1 Make in India initiative to boost demand for brushless DC motors 103
9.3.4 AUSTRALIA 104
- 9.3.4.1 Advent of Industry 4.0 to drive demand 104
9.3.5 JAPAN 106
- 9.3.5.1 Growing adoption of technologically advanced industrial equipment to foster segmental growth 106
9.3.6 SOUTH KOREA 107
- 9.3.6.1 Government investments in industrial complexes, roads, and railways to drive market 107
9.3.7 TAIWAN 109
- 9.3.7.1 Booming aviation industry to fuel market growth 109
9.3.8 REST OF ASIA PACIFIC 110
9.4 EUROPE 112
9.4.1 EUROPE: RECESSION IMPACT ANALYSIS 112
9.4.2 UK 115
- 9.4.2.1 Flourishing aerospace & defense industry to drive market 115
9.4.3 GERMANY 116
- 9.4.3.1 Thriving automotive industry to boost demand 116
9.4.4 ITALY 118
- 9.4.4.1 Initiatives to decentralize and privatize electricity sector to boost demand 118
9.4.5 RUSSIA 119
- 9.4.5.1 Strong focus on modernizing manufacturing operations to drive market 119
9.4.6 REST OF EUROPE 121
9.5 SOUTH AMERICA 123
9.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 123
9.5.2 BRAZIL 126
- 9.5.2.1 Significant presence of well-established aerospace manufacturing firms to drive market 126
9.5.3 ARGENTINA 127
- 9.5.3.1 Consumer electronics industry to offer lucrative growth opportunities to players 127
9.5.4 REST OF SOUTH AMERICA 129
9.6 MIDDLE EAST & AFRICA 130
9.6.1 MIDDLE EAST & AFRICA: RECESSION IMPACT ANALYSIS 131
9.6.2 SAUDI ARABIA 134
- 9.6.2.1 Government-led initiatives to develop manufacturing and transportation sectors to boost demand 134
9.6.3 UAE 136
- 9.6.3.1 Growing inclination toward reducing oil dependency to fuel market growth 136
9.6.4 IRAN 137
- 9.6.4.1 High adoption of locally manufactured diesel engines by automobile manufacturers to accelerate demand 137
9.6.5 SOUTH AFRICA 139
- 9.6.5.1 Increasing investments in manufacturing sector to drive market 139
9.6.6 EGYPT 140
- 9.6.6.1 Rising investments in various industrial sectors to propel demand 140
9.6.7 REST OF MIDDLE EAST & AFRICA 142
10 COMPETITIVE LANDSCAPE 144
10.1 OVERVIEW 144
10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 144
10.3 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022 147
10.4 REVENUE ANALYSIS OF KEY PLAYERS, 2018-2022 148
10.5 COMPANY EVALUATION MATRIX, 2022 149
10.5.1 STARS 149
10.5.2 PERVASIVE PLAYERS 149
10.5.3 EMERGING LEADERS 149
10.5.4 PARTICIPANTS 149
10.5.5 COMPANY FOOTPRINT 150
10.6 COMPETITIVE SCENARIOS AND TRENDS 154
10.6.1 PRODUCT LAUNCHES 154
10.6.2 DEALS 156
11 COMPANY PROFILES 158
11.1 KEY PLAYERS 158
11.1.1 AMETEK. INC 158
11.1.2 ALLIED MOTION, INC 161
11.1.3 NIDEC CORPORATION 166
11.1.4 MINEBEAMITSUMI INC 170
11.1.5 JOHNSON ELECTRIC HOLDINGS LIMITED 173
11.1.6 REGAL REXNORD CORPORATION 177
11.1.7 ELECTROCRAFT, INC., INC 180
11.1.8 MAXON 182
11.1.9 ORIENTAL MOTOR USA CORP 185
11.1.10 PORTESCAP 187
11.1.11 ARC SYSTEMS INC 189
11.1.12 BÜHLER MOTOR GMBH 190
11.1.13 ANAHEIM AUTOMATION, INC 192
11.1.14 ZHEJIANG LINIX MOTOR CO., LTD 194
11.1.15 MOONS’ 195
11.2 OTHER PLAYERS 196
11.2.1 TECO ELECTRIC COMPANY LIMITED 196
11.2.2 TRONSUN MOTOR 196
11.2.3 JIANGSU WHEATSTONE ELECTRICAL TECHNOLOGY 197
11.2.4 ASSUN MOTORS PTE LTD 197
11.2.5 3X MOTION TECHNOLOGIES 198
12 APPENDIX 199
12.1 INSIGHTS FROM INDUSTRY EXPERTS 199
12.2 DISCUSSION GUIDE 199
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 203
12.4 CUSTOMIZATION OPTIONS 205
12.5 RELATED REPORTS 205
12.6 AUTHOR DETAILS 206