Fastest DC Motor Market Synopsis
As per a detailed analysis by Market Research Future (MRFR), the global brushless DC (BLDC) motors market is anticipated to garner a CAGR of 9.50% during the forecast period (2018-2023). Also acknowledged as electronically commutated motors, brushless DC motors are synchronous motors which are powered by a DC electric source. Brushless DC motor works on the simple force interaction between the electromagnet and permanent magnet, and the communication is controlled electronically.
Market Potential and Pitfalls
The Fastest DC Motor Market have witnessed a tectonic surge over the past few years as it offers several advantages over other motors. Unlike brushed DC motors, brushless DC motors require less maintenance, which triggers its demand across the globe. Compared to other motors, brushless DC motors operate effectively at all speeds and offer a higher range of speed, reduced size with superior thermal attributes, and lower electric noise generation. They offer a high level of efficiency as these motors can be controlled at a maximum rotational force. Such benefits of brushless DC motors are likely to promote the growth of the market. The plummeting demand from HVAC applications, growing used of brushless DC motors across especially in automotive, high maintenance cost of brushed DC motors, and transition towards energy-efficient motors are some of the protuberant drivers encouraging the growth of the market. Several key players across the globe have started developing technologically advanced motors which offer high energy-efficiency. This is further estimated to create growth opportunities for the market in the foreseeable future.
On the contrary, the use of sensors in the BLDC motor increases the price of brushless DC motors. This acts as a major restraining factor to the growth of the market across the globe.
Fastest DC Motor Market Segmental Analysis
The brushless DC motors market is segmented on the basis of type, speed, and end-users.
By mode of type, the brushless DC motors market is segmented into the inner rotor and outer rotor. Among these, the inner rotor segment is likely to acquire the largest market share due to its extensive application in areas where faster deceleration and acceleration of position and speed, reversible action, and high starting torque is required. It also facilitates smooth operation at high speed, which influences its growth.
Based on speed, the brushless DC motors market comprises less than 500 rpm, 501-2,000 rpm, 2,000-10,000 rpm, and above 10,000 rpm.
The end-users segment constitutes of automotive, consumer electronics, healthcare, manufacturing, and others. Among these, the automotive segment is likely to gain prominence. The automotive sector is coming up with hybrid electric vehicles and future steel vehicles to minimize the environmental impacts, fulfill the demand for improved fuel economy, and control the level of emission. Such factors are triggering the demand for brushless DC motors in the automotive sector.
Regional Frontiers
Geographically, the Fastest DC motor market span across Europe, Asia Pacific, North America, South America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific region is predicted to be the fastest evolving market and acquire the largest market share. The surging demand for automotive products and consumer electronics, especially in Japan, India, and China is dictating the growth trajectory of the regional market. The rising expenditure on the development of manufacturing and infrastructure facilities is likely to promote the growth of the regional market. Moreover, rapid industrialization in Indonesia, India, and China are likely to push the market growth uphill.
North America is likely to be a promising region and is expected to register significant growth in the foreseeable future. The growth of the regional market can be ascribed to the plummeting demand for highly sophisticated medical devices.
Industry Updates
May 16, 2019: A self-proclaimed luxury fan brand, Fanzart has recently introduced the 2-blade ceiling fan, named Blaze which is a contemporary wooden fan. The fan is crafted with precision with handcrafted and light-grained natural wood. The fan also features remote controlled operation and a BLDC motor. It operates with brushless DC motor and consumes very less energy.
Competitive Dashboard
The top players dominating the global brushless DC motors market comprises Johnson Electric Holdings Limited (Hong Kong), Allied Motion Inc. (US), Nidec Corporation (Japan), WEG (Brazil), Anaheim Automation, Inc. (US), Arc Systems (US), Electrocraft Inc. (US), Bühler Motor GmbH (Germany), Ametek, Inc. (US), Toshiba Corporation (Japan), Siemens (Germany), Rockwell Automation, Inc. (the US), and GE (US).
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