Brushless DC (BLDC) Motors Market By Application (Automobile, HVAC Equipment, Industrial Application, Aerospace And Defense, Utility Industry And Commercial Applications), By Power Capacity (Under 10kW, Power Capacity Between 10kW To 200kW And Power Capacity Above 200kW) - Growth, Share, Opportunities & Competitive Analysis) 2018 – 2026

Brushless DC motors have experienced a speedy adoption across multiple industry verticals on account of the unique benefits offered over conventional brushed DC motors. Some of the major benefits offered include minimal maintenance, greater operating speeds, less electrical noise, compactness, and a better torque-to-weight ratio, among others.

On the contrary, Brushless DC motors cost more than conventional DC brushed motors since they need a rotor position sensor and motor drive controller for electronic commutation. However, new trends in the design of Brushless DC motor drives have emerged that are overcoming not only the cost issue but also providing performance capabilities that are not possible with traditional DC motors. This study on "Brushless DC Motors Market: Growth, Share, Opportunities, Competitive Analysis, and Forecast 2018–2026" highlights key trends and opportunities in the global brushless DC motor market.

The manufacturing sector, especially in developed economies like North America and Western Europe, witnessed a gradual slowdown at the beginning of this decade owing to unstable economic conditions. However, with financial markets showing economic stability, the manufacturing sector in these regions is poised to regain its original growth levels, offering the necessary push to market growth, especially during the first half of the forecast period. The resurgence in the manufacturing sector has had a positive impact on the industrial machinery and equipment market and subsequent demand for quality Brushless DC motors in the region.

Even though the economic instability had relatively less effect on the Asia-Pacific manufacturing sector, automotive production in the region experienced moderately sluggish growth during the slack period. The automotive industry is one of the largest consumers of Brushless DC electric motors. Apart from China, all other leading markets, including India, Japan, Indonesia, and Thailand, exhibited inconsistent growth in automotive production during the period from 2011 to 2015. However, each of these countries has witnessed double-digit growth in production from 2011 to 2015.

The increasing expense of electricity has necessitated the need for energy efficiency and optimum energy management. Brushless DC motors are seen as a potential solution to address energy efficiency challenges. According to the International Energy Agency, the use of energy-efficient Brushless DC motors can reduce worldwide yearly electricity demand by at least 10%, thereby reducing the burden of electricity production. In addition, governments worldwide are enforcing strict guidelines and regulations for achieving energy efficiency and better managing this demand-supply gap. For instance, NEMA and ACEEE have introduced a "cash for credit" program for the early replacement of older and less efficient motors produced before 2009 with state-of-the-art energy-efficient Brushless DC motors. Such initiatives are promoting the use of high- and premium-efficiency motors across the globe.

The research study on the brushless DC motors market includes an in-depth analysis of the market driving and restraining factors related to the global brushless DC motors industry. This study also includes current and future market trends in the global, regional, and country-level brushless DC motors markets. The study also includes exhaustive information on demand-supply relationships, technology development, and pricing trends. High-level analysis such as consumer behavior analysis, value chain analysis, and market attractiveness analysis included in the report helps industry players identify key investment areas in this industry.

The demand for DC brush motors is correlated with the growth in the industrial, construction, and automotive markets since these are the prime consumers of Brushless DC motors. These industries are highly cyclical in nature since they are greatly influenced by changes in economic conditions. Because these industries are extremely vulnerable to economic expansion and contraction, manufacturers recognize the risk of continuing to do business with fluctuating profit margins. Thus, the challenge for Brushless DC manufacturers is to smoothly venture into other emerging segments and manufacture motors by understanding the distinct differences and requirements of each segment.

The rising number of manufacturers and suppliers of BLDC motors in each regional market has ensured a highly competitive market where most manufacturers are struggling to gain meaningful differentiation. ABB Ltd., Nidec Corporation, Omron Automation Pvt. Ltd., Danaher Motion LLC, and Toshiba International Corp. are identified as the leading players operating in the global BLDC motors market. Manufacturers, including Johnson Electric Holdings, Rockwell Automation Inc., Anaheim Automation Inc., TIMEIC Corporation, and AMETEK Inc., are marked as promising and emerging players on account of their established presence across the globe and aggressive product development strategy.

The research study on the brushless DC motor market offers market estimates and forecasts for different types of BLDC motors and their market sizes in respective application segments. The report provides an in-depth analysis of the BLDC market, as well as market estimates for the years 2016 to 2026. For all BLDC motor categories, market estimates are provided in terms of both revenue (US$ Bn) and volume (thousand units). This research study analyses the regional as well as the country-specific market for BLDC motors. The report provides historical market size for BLDC motors for 2016 and 2017, as well as a forecast for 2018-2026 using 2017 as a base year.

The research study also profiles some major players in the global BLDC motor industry. Company profiles highlight business strategies, financial overviews, major competitors, product offerings, recent developments, and the regional positioning of these manufacturers. The research study also includes an in-depth analysis of industry competition, regional leaders and suppliers, and the global market positioning of key market players, as well as their market-winning strategies

Based on end-use applications, The automotive, HVAC equipment, industrial applications, aerospace and defense, utility industry, and commercial applications segments of the Brushless DC motor market. Industrial applications are the largest application segment for Brushless DC motors. Rapid industrialization in China, India, and other major economies is driving the demand for BLDC motors.

The HVAC segment is expected to be the fastest-growing end-use application segment for BLDC motors. BLDC motors have vast applications in the field of HVAC. BLDC motors are used as prime movers in most fans, compressors, dryers, and dehumidifiers. The demand for BLDC motors increased dramatically as the demand for HVAC equipment increased. Being lighter and more compact, BLDC motors find their utility in modern air conditioning compressors. Fans run by BLDC are also coupled with other systems to provide efficient HVAC performance. BLDC motors consume less power compared to other drives and are, therefore, very effective at reducing the cost of power consumption. With a proper controller, the operating speed of the motor can be easily controlled. With all these factors, HVAC manufacturers are adopting BLDC motors for a wider range of applications. In addition, the benefits of brushless DC motors, such as their low maintenance and simple construction, are increasing their application in automobile applications.

Based on output capacity, the Brushless DC motor market is classified into three categories: motors with power output capacities under 10 kW, motors with power capacities between 10 kW and 200 kW, and motors with power capacities above 200 kW. Less than 10 kW BLDC motors are the largest segment in the Brushless DC motor market by output capacity.

BLDC motors with a power capacity of less than 10 kW have a compact size, superior efficiency, a long life, smooth torque delivery, and high-speed operation. Due to these merits, BLDC motors have a wider range of operations than other existing electric drives. BLDC motors up to 10 kW in capacity are applicable for various industrial as well as commercial applications, such as automotive, HVAC, electronic devices, computer, semiconductor, and medical industries. The use of BLDC motors for servos, positioning control, and robotics has accelerated considerably in recent times for industrial automation. With the rise in automation, including industrial robotics, the market for BLDC motors is expected to rise continuously during the forecast period. The medical industry is another promising application for low-power capacity BLDC motors.

The global brushless DC (BLDC) motors market is classified into four major regions, i.e., North America, Europe, Asia Pacific, and the Rest of the World (RoW). The rest of the brushless DC motor market is further classified into Latin America, the Middle East, and Africa.

In addition, we have covered the following major countries in each regional market:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

Asia Pacific accounts for the largest share, in terms of revenue and volume, of the overall brushless DC motors market worldwide. Because of their massive industrial and automotive sectors, China, Japan, and South Korea dominate the BLDC motors market in this region. A recovering industrial sector is expected to provide further thrust to the BLDC market in the region.

North America and Europe are also expected to witness steady growth with the introduction of stringent energy consumption regulations in the residential and industrial sectors. The U.S. represents the largest brushless DC motor market in North America. To reduce electricity consumption by electric motors, the Department of Energy (DoE) and the National Electrical Manufacturers Association (NEMA) are constantly working on the development and implementation of electricity consumption standards. The U.S. possesses among the most organized and largest industrial manufacturing and processing sectors worldwide.

The most prominent industry sectors in the nation include oil and gas, pulp and paper, food and beverages, and construction and mining. The strong presence of these industries here significantly contributes to the BLDC motors market's healthy growth. For instance, in terms of production, the U.S. is among the highest producers of oil and natural gas across the globe. Similarly, the country is the second-largest producer of automotive vehicles worldwide. Thus, the industrial application segment is projected to retain its dominant position in the market throughout the forecast period.

Frequently Asked Questions:

The market for Brushless DC (BLDC) Motors Market is expected to reach US$ 25.6 Bn 2026.

The Brushless DC (BLDC) Motors Market is expected to see significant CAGR growth over the coming years, at 7.2%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Johnson Electric Holdings, Rockwell Automation Inc., Anaheim Automation Inc., TIMEIC Corporation are some of the major players in the global market.

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Published Date:  Mar 2018
Category:  Automation & Process Control
Report ID:   58315
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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