Brushless DC Motor Market Size, Share, & Trends Report

Brushless DC Motor Market Size, Share, & Trends Analysis Report By Rotor Type, Power Output (Less than 750 Watt, 750 watt- 2.99kW, 3kW- 75 kW, Above 75kW), By Speed, By End-use, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-820-6
  • Number of Pages: 110
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the brushless DC motor market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for brushless DC motor market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of brushless DC motor market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Brushless DC Motor Market Categorization:

The brushless DC motor market was categorized into four segments, namely power output (Less than 750 Watts, 750 Watts to 2.99 kW, 3 kW - 75 kW, Above 75 kW), end-use (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The brushless DC motor market was segmented into power output, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The brushless DC motor market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-five countries, namely, the U.S.; Canada; the UK; Germany; China; India; Japan; Brazil; and Mexico.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Brushless DC motor market companies & financials:

The brushless DC motor market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • ABB, Ltd. - ABB, Ltd. is a global enterprise established in 1988 following the merger of ASEA and Brown, Boveri & Cie, which were founded in 1883 and 1891, respectively. ASEA functions as ABB, Ltd.'s holding company. Automation, power technologies, robotics, electrification goods, and motion are among the areas in which ABB, Ltd. is an expert. The firm offers a wide range of technologies, solutions, services, and goods. It provides goods and services to a wide range of sectors, including mining, oil and gas, infrastructure, manufacturing, utilities, transportation, and power production. The automation division of ABB, Ltd. creates software for protection, control, measurement, and process optimization. The robotics and motion business area of the corporation sells drives, motors, generators, and mechanical transmission devices. Power plant automation, power transmission, and distribution are the main areas of concentration for its power technology business sector. More than 100 nations are served by ABB, Ltd. The corporation is listed under the Nasdaq Stockholm as Nasdaq Stockholm: ABB, SIX Swiss Exchange as SIX: ABB, and New York Stock Exchange: as NYSE: ABB. It allocates a large amount of funds to research and development (R&D). R&D costs amounted to USD 1,198 million in 2019.

  • Allied Motion Technologies Inc. - Established in 1962, Allied Motion Technologies Inc. is a U.S.-based company that designs, manufactures, and sells motors. The business focuses on motors for use in industrial, aerospace & defense, medical, and electronics applications. Brush and brushless DC motors, frameless motors, torque motors, servomotors, AC motors, coreless DC motors, modular digital servo drives, gear motors, optical encoders, and high-speed slot-less motors are all part of Allied Motion Technologies Inc.'s motor product range. The firm offers DC motors that are suitable for the non-automotive transportation, industrial, defense, healthcare and medical equipment industries. Additionally, the firm manufactures specialty motors in both AC and DC versions for use in aerospace and military applications. With operations throughout the United States, Mexico, Canada, Europe, and Asia, Allied Motion Technologies Inc. With a focus on technology, the company has six production facilities, each with specialized technical knowledge for certain product lines. America, Canada, Mexico, Europe, and Asia are the locations of these units. In addition, three solution centres are run by the corporation to develop integrated solutions for clients with particular needs.

  • AMETEK Inc. - With its headquarters located in Pennsylvania, AMETEK Inc. was founded in 1930. The firm manufactures analytical instruments, electric motors, and other electromechanical and electronic products. After being founded as American Machine & Metals, it changed its name to AMETEK Inc. and went from being a supplier to a maker of specialized materials and precision components. Applications for the products of AMETEK Inc. include heavy vehicles, oil and gas, medical, aerospace and military, industrial equipment, motion control, material analysis and imaging, and measurement, communication, and testing. A wide range of motors, such as gear motors, drive motors, and vacuum motors, are produced by AMETEK Inc. The range of motors produced by the firm is 500W to 2,000W. In addition to serving material handling applications and other hazardous duty applications, these motors are utilized in medical equipment. The corporation employs more than 18,100 people at more than 150 production facilities worldwide. Additionally, it has 30 centres in other nations worldwide in addition to more than 100 sales and service facilities around the United States.

  • Baldor Electric Company Inc. - Baldor Electric Company Inc. was a designer and producer of industrial electric motors, generators, drives, and mechanical power transmission devices. The company’s product line includes AC motors, DC motors, servo motors, gear motors, buffers and lathes, mounted bearings, mechanical drive components, grinders, conveyor components, couplings, AC and DC drives, clutches and brakes, and enclosed gearing products. Baldor Electric Company became a part of the ABB Group in 2011 following its acquisition by ABB Ltd., a Swiss corporation. The most recent development states that in March 2018, ABB Ltd. dissolved Baldor Electric Company, and the company is currently solely operated by ABB Ltd.

  • Johnson Electric - Hong Kong-based Johnson Electric was established in 1959 and is a designer and producer of motion subsystems and motion components for industrial and automotive applications. More than 500 clients are served by the business, including OEMs, as well as 1 and tier 2 suppliers to the automotive sector. Johnson Electric is divided into two main business groups: the Industry Product Group and the Automotive Product Group. A vast array of goods are available from Johnson Electric, such as steppers, gears, AC and DC motors, and piezo motors. Products from the firm are used in many different industries, including automotive, business machines, military and aerospace, food and beverage, home technologies, HVAC, industrial equipment, medical devices, personal care, and power tools and equipment. The company's innovation and product design hubs are situated in the United States, the United Kingdom, Japan, China, Hong Kong, Switzerland, Germany, Italy, and Israel. It has more than 35,000 workers spread throughout about 23 countries.

  • North American Electric, Inc. - North American Electric Incorporation is a worldwide distributor of both general-purpose and special-purpose AC electric motors, serving both domestic and international markets. The company provides electric motors, controllers, and gear reducers. Additionally, it provides a large selection of NEMA motors, crusher design motors, special purpose motors, and motor sliding bases, including vertical hollow shafts, oil well, explosion-proof, close-coupled, and compressor duty motors. The business also offers logistical, technical, and maintenance support services. A network of distribution and service providers provides all of the goods and services.

  • Regal Beloit Corporation - Regal Beloit Corporation is a manufacturer of electric motion controllers, power generating & power transmission systems, and electric motors. The firm is divided into three divisions: power transmission solutions, commercial & industrial systems, and climate solutions. It offers goods to OEMs, distributors, and final consumers. It is divided into many business divisions, each of which has a separate sales team. It operates in North America through distribution centres in Monterrey, Mexico; Plainfield, Indiana; Florence, Kentucky; La Vergne, Tennessee; and McAllen, Texas. Additionally, it operates warehousing and distribution centres in international markets. It serves several end-use markets, including pulp & paper, automobile, HVAC (Heating, Ventilation, and Air Conditioning) - residential and commercial, agricultural, aggregate & quarry, and maritime. The commercial and industrial systems section contains integrated and considerable horsepower AC and DC motors as well as controls for both commercial and industrial applications, of which electric motors are a part. There are around 99 establishments in this section, including offices, manufacturing facilities, distribution centres, and service centres.

  • Schneider Electric - Schneider Electric is a manufacturer specializing in automation management, installing parts for energy management systems, and producing equipment for power distribution. Products from the company are divided into categories such as critical power, cooling products, solar and energy systems, medium voltage distribution and grid automation, building automation and control, industrial automation and control, and residential and small businesses. Electricity distribution, energy management, automation, and electrical equipment are among its main offerings. The company works via five segments, namely Energy & Infrastructure, Industry, Buildings, IT, and Residential. Installation systems and control goods, renewable energy sources, and medium- and low-voltage items are all included in the Energy & Infrastructure section. Customers in the utilities, oil and gas, maritime, and real estate industries are also catered to by the organization. The company has operations in over 100 countries, with 200 factories spread over 45 nations and over 90 distribution locations. By technology, the top rivals of Schneider Electric worldwide are Siemens, ABB, Eaton, Johnson Controls, Legrand, GE, Rockwell Automation, Emerson, Yokogawa, and Honeywell.

  • Siemens - German-based Siemens AG is a global business that was established in 1847. Healthcare, industry, energy, and infrastructure & cities are its main business segments. The company produces equipment for diagnostics and medical devices. Siemens AG carries out its key activities in the field of digitalization, automation, and electrification. It is divided into five business segments: Mobility, Smart Infrastructure, Siemens Healthineers, Digital Industries, and Siemens Financial Services. Nearly every nation on the planet is served by the company's product offerings. Siemens AG serves a wide range of industries with its products, including the energy, automotive, aerospace, fibre, food and beverage, glass, machinery and plant construction, marine, mining, municipalities and DSOs, oil and gas, panel building, pharmaceutical, power utilities, tire, transportation and logistics, water, and wind sectors. The firm is listed in the Euro Stoxx 50 stock index and has joint ventures, established as Siemens Traction Equipment Ltd., & OMNETRIC Group with Zhuzhou CSR Times Electric Co., Ltd., and Accenture Group, respectively.

  • TECO Electric & Machinery Co., Ltd. - TECO Electric & Machinery Co., Ltd. manufactures motors and offers solutions. The corporation offers financial investment, communications, eating, heavy electric equipment, household appliances, essential electronic components, information technology, and infrastructure engineering. Electrification Products, System & Automation Products, Power Business, Household and Air Conditioning Appliances, ECO Energy Business, and IoT Applications are its six business segments. TECO Electric & Machinery Co., Ltd. invests heavily in research and development to create new products that are energy-efficient and emit little pollutants. The corporation now operates in more than 40 countries across five continents. Four production sites for TECO Electric & Machinery Co., Ltd. are situated in China, Malaysia, the United States, and Taiwan. The business holds ISO 14001 and ISO 9001 certifications, and in 2000 it was awarded the EPACT Energy Efficiency Certificate (NO.CC002A in the U.S.).

  • Nidec Motor Corporation - Founded in 1973, Nidec Motor Corporation is a member of the Nidec group is. Nidec Group is a worldwide company that provides a broad range of electrical components and controllers, as well as industrial, commercial, and appliance motors and machines. The corporation works via more than 300 subsidiary companies and has more than 117,206 workers around the world. It spends substantially on R&D to deliver high-quality products. During the 2019 fiscal year, it invested 721.5 million USD in research and development. To keep a competitive edge in the market, the corporation continually pursues partnerships, collaborations, mergers, and acquisitions. For use in applications including agricultural, commercial refrigeration, industrial equipment, mining and metals, pools and spas, power generation, process cooling towers, water treatment, and HVAC, Nidec Motor Corporation sells its products to commercial, industrial, and residential sectors.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Brushless DC Motor Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Brushless DC Motor Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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