Electric Vehicle Brushless DC Motors Market size is estimated to be USD 9.2 Billion in 2024 and is expected to reach USD 25.6 Billion by 2033 at a CAGR of 12.5% from 2026 to 2033.
The global electric vehicle brushless DC motors market was valued at approximately USD 11.4 billion in 2022 and is projected to reach USD 15.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 3.6% during the forecast period. Asia Pacific led the market with a 50.4% share in 2024, driven by significant manufacturing growth and electric vehicle adoption. In North America, the market is expected to expand at a CAGR of 6.4%, fueled by increased demand for electric vehicles and automation. Europes market is projected to grow steadily, supported by rising electric vehicle sales and stringent environmental regulations. Latin America and the Middle East & Africa regions are anticipated to experience moderate growth due to industrialization and urbanization trends. Opportunities in the electric vehicle brushless DC motors market are primarily driven by the global shift towards electric and hybrid vehicles, spurred by stringent emission norms and the promotion of green transportation. Advancements in battery technology and increased consumer awareness regarding sustainable transportation further propel market growth. Additionally, the industrial automation sector presents significant opportunities, as the adoption of automation across various industries drives demand for brushless DC motors. These motors are crucial for applications requiring precise motion control and high efficiency, such as robotics and automated machinery.
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ABB Group
BYD Auto
Denso Corporation
Continental AG
Geely
Hitachi Automotive Systems
Hyundai Mobis
Johnson Electric Holdings Limited
LG Electronics
Toshiba Corporation
Magna International
Mitsubishi Electric Corporation
Nidec Corporation
Robert Bosch GmbH
Siemens AG
Tesla
Valeo S.A
Yaskawa Electric Corporation
ZF Friedrichshafen AG
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Vehicle Brushless DC Motors Market
Interior Permanent Magnet Motors (IPM)
Exterior Permanent Magnet Motors (EPM)
Switched Reluctance Motors (SRM)
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
Low Voltage (up to 48V)
Medium Voltage (48V - 120V)
High Voltage (above 120V)
Below 50 kW
50 kW - 100 kW
100 kW - 200 kW
Above 200 kW
Air-Cooled
Liquid-Cooled
Oil-Cooled
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Vehicle Brushless DC Motors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Vehicle Brushless DC Motors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Vehicle Brushless DC Motors Market, By Type
6. Global Electric Vehicle Brushless DC Motors Market, By Application
7. Global Electric Vehicle Brushless DC Motors Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Electric Vehicle Brushless DC Motors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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