Brushless DC Motors Market By Rotor Type, Speed and End Users- Global Industry Analysis and Forecast to 2023: Industry Outlook and Trend Analysis
The global Brushless DC Motors Market was worth USD 4.48 billion in 2014 and is expected to reach approximately USD 10.19 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.56% during the forecast period. Brushless DC motors are motors that are electronically shuttled, without brushes. These engines are often made use of as a part of fast applications and show around 85-90% productivity. The operation of a BLDC motor depends on the simple force interaction between the lasting magnet and the electromagnet. Rising demand for electric vehicles from nations, for example, Japan, China, Europe and India, and expanded usage in different businesses, for example, paper & pulp, paper & pulp, food processing, automotive, electronics manufacturing, semiconductors, and others drive the market development for BLDC motors.
Type Outlook and Trend Analysis
On the basis of type the market is segmented into outer rotor and inner rotor brushless DC engine. The inner rotor brushless DC engines are broadly used as a part of application where high starting torque, v, and reversible activity is needed. Because of these reasons inner rotor brushless DC engine portion is anticipated to rule the brushless DC motor market.
Speed Outlook and Trend Analysis
The brushless DC motors market is divided in view of speed into <500 RPM, 501 – 2000 RPM, 2001 – 10000 RPM, >10000 RPM. The 2001 – 10000 RPM section represented the biggest share of the overall industry in 2015 and is anticipated to develop at a significant CAGR amid the gauge time frame. Expanding demand for exceedingly solid, exceptionally vitality productive and minimized hardware in medical devices segment is foreseen to push the request of 2001 – 10000 RPM section brushless DC motors amid the figure time frame.
End User Outlook and Trend Analysis
Based on end user the market is segmented into automotive, manufacturing, consumer electronics, medical devices, and others. Manufacturing section represented biggest share of the market in 2015, due expanded interest for robotization in chemicals, marine, semiconductors, food processing, automotive, aerospace, paper & pulp, and electronics manufacturing. Consumer electronics fragment is foreseen to develop at the speediest rate amid the figure time frame, inferable from expanding interest for compact and energy efficient product for computerized capacity, HVAC, and home apparatus, for example, vacuum cleaner and fans.
Regional Outlook and Trend Analysis
Asia Pacific is anticipated to command the worldwide brushless DC motors market amid the conjecture time frame, attributable to expanding interest for automotive product and consumer electronics in India, China, Taiwan, South Korea, and Japan. The North American market is foreseen to develop at the second-most elevated CAGR from 2016 to 2021 because of expanding interest for exceedingly modern medical devices. Developing economies, for example, India, China and Taiwan are the most encouraging markets for brushless DC motors.
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The leading players in the market are AMETEK Inc, Minebea, Allied Motion Technologies, Nidec, Johnson Electric and Maxon Motor. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Brushless DC Motors Market is segmented as follows-
- Inner Rotor
- Outer Rotor
- 501-2000 RPM
- 2001-10,000 RPM
- <500 RPM
- >10,000 RPM
By End User:
- Consumer Electronics
- Medical Devices
- North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South Africa
- Saudi Arabia
- United Arab Emirates
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
18.104.22.168. Continued Growth in Automobile Production
22.214.171.124. Transition Towards Energy-Efficient Motors
126.96.36.199. Requirement of Control System and High Price
188.8.131.52. Grey Market Providing Low-Quality and Inexpensive Products
184.108.40.206. Emerging Countries to Offer Lucrative Growth Opportunities
4. Brushless DC Motors Market, By Rotor Speed
4.2. Global Brushless DC Motors Sales, Revenue and Market Share by Rotor Speed (2014-2017)
4.2.1. Global Brushless DC Motors Sales and Sales Share by Rotor Speed (2014-2017)
4.2.2. Global Brushless DC Motors Revenue and Revenue Share by Rotor Speed (2014-2017)
4.3. Brushless DC Motors Market Assessment and Forecast, By Rotor Speed, 2014-2023
4.4. Inner Rotor
4.4.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
4.5. Outer Rotor
4.5.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
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