Brushless DC Motor Market Size, Share & Trends Report

Brushless DC Motor Market Size, Share & Trends Analysis Report By Power Output (Above 75 kW, 0-750 Watts), By End-use (Motor Vehicles, Industrial Machinery), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Apr, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-2-68038-820-6
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 110

Report Overview

The global brushless DC motor market size was valued at USD 17.1 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. The ability of Brushless DC (BLDC) motors to save energy and increase the operational efficiency of equipment in which they are used is expected to drive the growth of the market over the forecast period. These motors offer optimum efficiency and reliability at the same time, which proves to be economical in the majority of applications, such as window lifters, air conditioners, and sun-roof actuators. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks.

China brushless DC motors market size, by end-use, 2016 - 2028 (USD Billion)

The emergence of sensor-less controls for BLDC type is likely to boost the durability and reliability of the product, thereby reducing the number of mechanical misalignments, electrical connections, as well as the weight and size of the end product. These aforementioned factors are estimated to drive market growth. Furthermore, the market is driven by the rising activity in the Electric Vehicle (EV) industry, globally. The growing popularity of vehicle features, such as motorized seats, adjustable mirrors, and sunroof systems, is driving the demand for BLDC motors.

The market is witnessing tremendous growth. This can be attributed to the increase in automobile production and the number of BLDC motors used in a car. Automotive motors are used in vehicle powertrain systems, chassis, and safety fittings. The increasing popularity of features, such as motorized seats, wipers, doors, adjustable mirrors, and massage seats, is helping drive their demand, especially BLDC motors.

The increasing adoption of EVs is contributing to the alleviation of problems, such as oil dependency, global warming, and environmental pollution. Several governments have initiated and implemented different policies to encourage and stimulate EV adoption and production. The advantages offered by them, such as less rotor heat and higher peak point efficiency, prove to be critical in a variety of applications, particularly in electrical and hybrid vehicles, which are estimated to result in their increased adoption in hybrid vehicles over the coming years. Moreover, electric car manufacturers prefer using BLDC motors in vehicles owing to low maintenance, higher efficiency, high operating speed, and quick response.

End-use Insights

In terms of revenue, the motor vehicle segment dominated the market with a share of 27.6% in 2020. It is also anticipated to emerge as the fastest-growing segment at a CAGR of over 6% from 2021 to 2028. The automobile industry uses motors of different types and specifications for numerous applications. Brushless DC motors are preferred over conventional powertrains primarily due to the absence of brushes resulting in less friction.

Reduction in friction ensures less wear and tear of the BLDC motor ultimately resulting in a reduction of maintenance required. These motors are thus ideal for numerous applications in motorized vehicles. The segment is further sub-segmented into safety, comfort, and performance. The comfort segment acquired the highest share in 2020 and is expected to register the fastest CAGR from 2021 to 2028.

Comfort motors are primarily used in automatic window operations, sun-roof actuators, mirror adjusters, air conditioning, and HVAC systems. Multiple powertrains are required for each of the applications mentioned above, which are subsequently expected to drive the product demand in vehicles by 2028. The industrial machinery segment acquired a substantial revenue share in 2020 and is anticipated to grow steadily from 2021 to 2028.

This growth is attributed to the deployment of such equipment in complex industrial applications, such as feeder drives, extruders, and robotics. In addition, technological advancements have resulted in increased efficiency of these motors, which is further expected to drive the market over the forecast period.

Power Output Insights

In terms of revenue, the 0-750 watts segment dominated the market with a share of 47.6% in 2020. This high share is attributed to the wide usage of these products in numerous applications, such as fans, pumps, compressors, machine tools, domestic appliances, electric cars, HVAC applications, power tools, and automated robots. The high-efficiency BLDC motors are gaining importance due to their long operating life, lower maintenance, low energy consumption, and a higher tolerance for fluctuating voltages. The rising demand for fractional power BLDC motors for various machinery from the agriculture sector in China and India further boosts the product demand.

Global brushless DC motors market share, by power output, 2020 (%)

The above 75kW segment is expected to witness substantial growth from 2021 to 2028. This is owing to advantages, such as better performance, in terms of efficiency and reliability over the traditional DC motors with the same power output rating. These BLDC motors are used for a variety of industrial applications, such as milling, drilling, and grinding, deployed in industrial machinery, such as the CNC machines. Moreover, growing consumer awareness and government policies concerning energy conservation are also predicted to drive the market over the forecast period.

Regional Insights

Asia Pacific dominated the global market with a share of over 48% in 2020. The regional market is estimated to expand further at the fastest CAGR from 2021 to 2028 due to advancements in the agriculture sector and growing investments in industrialization in countries including India, South Korea, and Australia. Latin America and the Middle East and Africa are also expected to witness significant growth from 2021 to 2028. This is attributed to the changing regulatory scenario and rising awareness concerning the use of eco-friendly and sustainable products.

The growing need to increase the power-generation capacities to effectively meet the demands of the rising population has fueled the adoption of these motors across numerous applications in the Middle East region. The untapped potential for downstream activities in developing countries including Kuwait, UAE, and Qatar offers new growth avenues to the market from 2021 to 2028. The regional markets of North America and Europe together captured over 37% of the overall market share in 2020. The growth in these regions is attributed to the increasing adoption of motorized vehicles.

Key Companies & Market Share Insights

The market is fragmented in nature with the top players accounting for an estimated 30% share of the overall revenue. These key players are focusing on mergers and acquisitions to expand and diversify their product offerings. In addition, companies are also providing retrofitting solutions for the existing products. The key companies compete on the basis of product pricing, certification, and compliance from several organizations. Some of the key companies in the global brushless DC (BLDC) motor market include:

  • 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.

Brushless DC Motor Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 17.9 billion

Revenue forecast in 2028

USD 26.3 billion

Growth Rate

CAGR of 5.7% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments Covered

Power output, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Mexico; U.K.; Germany; China; India; Japan; Brazil

Key companies profiled

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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Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global brushless DC motor market report on the basis of power output, end-use, and region:

  • Power Output Outlook (Revenue, USD Million, 2016 - 2028)

    • 0 - 750 Watts

    • 750 Watts to 3 kW

    • 3 kW - 75 kW

    • Above 75 kW

  • End-Use Outlook (Revenue, USD Million, 2016 - 2028)

    • Industrial Machinery

    • Motor Vehicles

      • Safety

      • Comfort

      • Performance

    • HVAC Equipment

    • Aerospace & Transportation

    • Household Appliances

    • Others

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

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