Brushless DC Motor Market Size, Share & Trends, COVID-19 Impact Analysis | 2021-2028

Brushless DC Motor Market Size, Share & Trends, COVID-19 Impact Analysis | 2021-2028

Report Summary

The global brushless DC motor market was valued at USD 17.1 Billion in 2020. It is projected to grow at a compound annual rate (CAGR of 5.7%) between 2021 and 2028. Over the forecast period, the market will grow due to the ability of Brushless DC motors (BLDC) to reduce energy consumption and improve the efficiency of the equipment. These motors are efficient and reliable at the same, making them economical for most applications such as sunroof actuators, air conditioners, window lifters, and window-roof actuators. These motors can withstand high temperatures and require little maintenance. They also operate at low temperatures without sparking.

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Sensor-less control for BLDC types is expected to increase the product’s durability and reliability. This will reduce the number of electrical connections and mechanical misalignments as well as the overall weight and size. These factors are expected to drive brushless DC motor market growth. The BLDC market is also driven by increasing activity in the EV industry globally. Motors with BLDC motors are in high demand due to the increasing popularity of features such as sunroofs, adjustable mirrors, and motorized seats.

The Brushless DC motor market is experiencing tremendous growth. This is due to an increase in automobile production and the use of BLDC motors in cars. Vehicle motors are used in chassis, powertrain systems, and safety fittings. Motorized seats, doors, mirrors, adjustable mirrors, massage seats, and wipers are becoming more popular.

The rising adoption of EVs is helping to alleviate problems such as oil dependence, global warming, pollution, and other environmental issues. Various governments have implemented policies to encourage and promote EV production and adoption. They have many advantages, including lower rotor heat, higher peak efficiency, and greater reliability. This will lead to increased adoption of hybrid vehicles in the future. BLDC motors are preferred by electric car manufacturers because they offer low maintenance, high efficiency, high operating speeds, and fast response.

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End-use Insights

The motor vehicle segment was the dominant market share in terms of revenue with 27.6% of the total brushless DC motor market in 2020. This segment is expected to grow at a CAGR exceeding 6% between 2021 and 2028. Motors are used in many applications by the automobile industry. The absence of brushes, which results in less friction, makes brushless DC motors preferable to conventional powertrains.

The BLDC motor will last longer due to less friction. These motors can be used in many applications in motorized vehicles. This segment can be further sub-segmented to safety, comfort, or performance. The highest share was obtained by the comfort segment in 2020. It is expected that it will register the fastest CAGR between 2021 and 2028.

Comfort motors are used primarily in air conditioning, HVAC, sun-roof actuators, and mirror adjusters. For each of these applications, multiple powertrains are needed. These will drive vehicle demand by 2028. In 2020, the industrial machinery segment accounted for a significant revenue share and is expected to continue growing steadily between 2021 and 2028.

This is due to the increased use of this equipment in complex industrial applications such as extruders, feeder drives, and robotics. Technological advancements have also led to increased efficiency in these motors. This is expected to further drive the brushless DC motor market during the forecast period.

Power Output Insights

The 0-750 watts market dominated in terms of revenue with a 47.6% share in 2020. These products are used in many applications such as fans and pumps, compressors, domestic appliances, motors for heating, machines, and robots. High-efficiency BLDC motors have been gaining popularity due to their long operating life, low maintenance, energy consumption, and a higher tolerance for fluctuations in voltage. Product demand is increasing due to the rising demand for fractional-power BLDC motors for machinery from India and China’s agriculture sector.

From 2021 to 2028, the segment above 75kW is expected to see significant growth. This is due to the fact that these motors have higher efficiency and reliability than traditional DC motors of the same power output rating. These BLDC motors can be used in a wide range of industrial applications such as drilling, milling, and grinding. They are also used in industrial machinery such as CNC machines. The brushless DC motor market will be driven by increasing consumer awareness and government policies regarding energy conservation.

Regional Insights

The Asia Pacific held a dominant position in the global BLDC market, with 48% of the total market share in 2020. Due to improvements in agriculture and increased investments in industrialization in countries like Australia, South Korea, and India, the regional market will expand at a faster CAGR of 2021-2028. From 2021 to 2028, Latin America, the Middle East, and Africa will also experience significant growth. This can be attributed to the evolving regulatory environment and growing awareness regarding the use of sustainable and eco-friendly products.

These motors are being adopted in many applications across the Middle East because of the growing need to improve power-generation capacity to meet rising population demands. There are new growth opportunities for the market between 2021 and 2028 due to the untapped potential of downstream activities in countries like Qatar, UAE, Kuwait, and Qatar. North America and Europe combined accounted for 37% of the total market share in 2020. These regions have seen a rise in the adoption of motorized cars.

Market Share Insights & Key Companies

The market is fragmented, with top brushless DC motor companies accounting for 30% of overall revenue. These top players are focused on merging and buying other companies to diversify and expand their product lines. Companies also offer to retrofit services for existing products. the brushless DC motors manufacturers and suppliers are focused on improving their supply chain to gain greater market share. BLDC manufacturers are majorly situated in China owing to higher production capability and availability of labor, such BLDC manufacturers in China are majorly focused on manufacturing Industrial DC motors. These companies are competitive based on product pricing, certification, and compliance from multiple organizations. The following companies are key players in the global brushless DC motor market:

  • ABB Ltd.
  • Ametek, Inc.
  • Johnson Electric
  • Allied Motion Technologies, Inc.
  • Baldor Electric Company, Inc.
  • Johnson Electric
  • North American Electric, Inc.
  • Schneider Electric
  • Regal Beloit Corp.
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