Global Brushless DC Motors Industry garnered $34.15 billion in 2018, and is estimated to reach $71.94 billion by 2026, growing at a CAGR of 9.3% from 2019 to 2026.
Major motives for market growth
Surge in the implementation of brushless DC motors in HVAC end-users and as servomotors and high advantages of brushless DC motors drive the growth in the global brushless DC motors market. However, slow-down in automotive industry and high initial cost of investment and complexity hinder the market growth. On the other hand, increasing use of brushless DC motors for robots would create new opportunities in the industry.
The inner rotor brushless DC motors segment to contribute the highest share during the forecast period
Based on rotor type, the inner rotor brushless DC motors segment will account for the major share in the global brushless DC motors market in 2018, contributing to more than two-thirds of the total share, and is expected to contribute the highest share during the forecast period. This is due to rising trend toward automation and technical improvements in industrial robots. However, the outer rotor brushless DC motors segment is expected to register the highest CAGR of 9.9% from 2019 to 2026, owing to the increased demand for outer rotor brushless DC motors in medical devices.
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The industrial machinery segment to maintain its dominant position by 2026
Based on end user, the industrial machinery segment will hold for the highest market share in terms of revenue in 2018, contributing to more than two-fifths of the total share, and is projected to maintain its dominant position throughout the forecast period. This is due to the significant increase in the application of brushless servo motors in various types of machinery such as labeling and packaging machinery, CNC machine tool, pick and place PCB assembly machines, and machinery in other industries such as textile and food. However, the HVAC industry segment would register the fastest CAGR of 10.9% from 2019 to 2026, owing to the factors such as higher lifespan, fewer maintenance requirements, and efficient battery use.
Asia-Pacific to maintain its leadership status, followed by North America by 2026
Based on region, Asia-Pacific is estimated to grow at the highest CAGR of 10.0% from 2018 to 2026, owing to the availability of raw materials, population growth, rise in industrialization, improved standard of living, and economical labor in countries like Taiwan, China, Japan, South Korea, and India. Furthermore, this region contributed to more than two-fifths of the total share in 2018 and is estimated to maintain the highest revenue contribution during the forecast period, followed by North America contributing to more than one-fourth of the total market share.
Players grabbing the largest pie
- Allied Motion Technologies Inc.
- Ametek Inc.
- Arc Systems Inc.
- Bühler Motor GmbH
- Johnson Electric Holdings Limited
- Maxon motors AG
- MinebeaMitsumi Inc.
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