The global BLDC motor market accounted for a value of USD 8.3 billion in 2019 and is projected to register growth at a CAGR of 9.0% during forecast period.
COVId-19 has impacted BLDC motor market significantly during forecast period. The supply chain of raw material and finished products is immensely disrupted due to travel restriction which resulted in delay in delivery and slow manufacturing. The manufacturing facilities have to halt its production due to nation wise lockdown. The exports and imports of parts and have been stopped due to international border closer. Various components of BLDC motor come from China, US and Europe and all these parts are not available for manufacturing. There will be significant decline in BLDC motor market for next one or two years.
For more details, visit: Global Brushless Direct Current (BLDC) Motor Market By Type (Outer Rotor & Inner Rotor), By Speed (<500RPM, 501-2,000RPM Others), By End-Users (Consumer Electronics, Medical Devices, Others), By Region, Forecast & Opportunities to 2026
The adoption of heating, ventilating and air conditioning systems increasing in the market as it ensures quality air and provides thermal comfort in the indoor spaces. The HVAC systems are vital in modern infrastructures for large shopping malls, office buildings and others. The BLDC motors are widely used in HVAC systems. The use of BLDC motors helps in maximizing life and power of HVAC system and achieving high efficiency in airflow system. The increasing demand for HVAC systems across various verticals drives growth in BLDC motor market during forecast period.
On the basis of type, the BLDC motor market is segmented into <500 RPM, 501-2,000 RPM, 2001-10,000 RPM and >10,000 RPM. The 2001-10,000 RPM segment is estimated to dominate the market during forecast period. The BLDC motor with speed between 2001-10,000 RPM is widely used in various medical equipments such as dental instruments, pumps, breathing system pumps and ventilators. These motors are used in industrial applications such as CNC machine spindle rotors, laser scanning instruments, laser bar code readers and industrial automation actuators. This increases adoption of motor with 2001-10,000 RPM speed in various applications such as home appliances, DC systems and traction motors etc. This drives growth in 2001-10,000 RPM segment during forecast period.
On the basis of type, the BLDC motor market is segmented into outer rotor and inner rotor. The inner rotor segment is estimated to dominate the market during forecast period. In inner rotor type motors, the heat gets dissipated easily and this leads large torque production by this type of motor. The inner rotor type of motors is used in consumer electronics, robotics industries, manufacturing and automotive sectors widely. The CNC machines, metal cutting machines, automatic door opener and forming machines requires motors that can offer high starting torque, carry out fast deceleration and acceleration of speed and have reversible action capability. These benefits are offered by inner rotor motor. This increases demand and adoption of inner rotor motor and drives growth in this segment during forecast period.
On the basis of end-user, the BLDC motor market is segmented into automotive, manufacturing, consumer electronics, medical devices and others. The consumer electronics segment is estimated to be fastest growing market during forecast period. The global industries are undergoing technological changes due to the introduction of industry 4.0 in the market. The automation of machines, digitalization of data and connectivity among assets in manufacturing facilities is increasing among the industrial sector. The competition in consumer electronics industries is rapidly rising and this makes companies adopt new and advanced technologies and analyses in order to ensure the optimum utilizing available resources. The automated electronics used in this industry requires continuous power supply operations due to use of nanomaterial and batteries. The BLDC motors are widely used in various electronics such as copiers, printers, fax machines, electric curtains, DVD players and purifiers etc. This drives growth in consumer electronics segment during forecast period.
Asia-Pacific region is estimated to hold largest market share during forecast period. The Asia-Pacific region is considered as hub for manufacturing numerous electronics devices and its components. The investing in this sector is very higher in this region along with the investment for manufacturing components of electric vehicles. The population is very large in this region which leads to adoption of consumer electronics. This increases demand and adoption of BLDC motors in this region. This drives growth in Asia-Pacific region during forecast period.
The key market players in BLDC market are Ametek, Allied Motion, Nidec Corporation, Minebeamitsumi, Johnson Electric, Regal Beloit Corporation, Electrocraft, Maxon Motor, Oriental Motor, Portescap, Arc Systems, Buhler Motor, Anaheim Automation, Linix Motor, Moon’s Industries, Teco Electric, Assun Motor and 3X Motion Technologies.
- What are the expected industry trends over the next three to five years?
- Which of the BLDC motor type is likely to lead by 2026?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2026?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?