In recent years, brushless DC motors have witnessed significant penetration owing to increased efficiency, long life, smooth operation, and capability to perform functions at high speed when compared to other available alternatives. In the past decade, their application was limited due to the high cost of the overall system, which is used to operate these motors. However, research & development activities have contributed toward reducing the controller costs. As a result, the product in the recent few years has witnessed extensive penetration owing to its versatile application from HVAC to automobile, and consumer electronics to medical devices. Electric motors are extensively used in HVAC systems as it offers higher efficiency in air-flow based systems and enhances operating life. Furthermore, surging penetration of electric vehicles has escalated the demand for the motors on account of its utilization as shunt-wound motors and compound-wound motors. Moreover, its application across electric curtains, printing machines, vacuum cleaners, air purifiers, and fax machines are projected to witness an upsurge in the coming years.

The brushless DC motor has attained significant penetration owing to its growing industrialization and technological advancement across the globe. Although, the high cost of motor controllers along with penetration of the grey market have limited adoption of efficient and quality products. However, stricter regulation to restrict the usage of counterfeit products along with growing regulatory support and industry efforts to integrate the motors with the industrial machines in order to enhance the efficiency will complement the industry landscape.

Type Segment

On the basis of the type segment, the market is categorized into inner rotor and outer rotor. Inner Rotor type, dominates the global brushless DC motor market in 2019 and is anticipated to dominate the industry for the forecast period 2020-2025 and is expected to witness a growth rate of over 5%.

Application Segment

On the basis of application, the market is bifurcated into automotive, manufacturing, medical devices, consumer electronics, and others. In 2019, the consumer electronics segment is anticipated to dominate the industry share and the automotive segment is anticipated to attain a high growth rate in the coming years.

Grade Segment

Brushless DC motor market is segmented into < 10 kW, 10 kW to 200 kW and above 200 kW. In 2019, the < 10 kW is accounted for major contributors in revenue and it is expected to lead the Brushless DC motor industry thorough the forecast timeline.

Asia Pacific region is anticipated to lead the share for global brushless DC motor market over the forecast period, on account of growing demand from the automotive and consumer electronics industry. Growing countries, including China, India, and Taiwan are projected to drive the growth on account of ongoing industrialization and surging penetration of automobiles. The well-established market for consumer electronics will further sway the penetration of the product. Rising middle-class income levels along with positive government outlook toward the establishment of manufacturing facilities to support industrialization are driving the industry growth.

The North America region is anticipated to grow at a significant rate over the years. In recent years rising demand for medical devices to improve life expectancy along with the rising application of automobiles is driving the industry growth. The region is further focussing toward the integration of advanced technology including robots and automation which will further proliferate the business landscape.

The major industry players operating across the global brushless DC motor market include Johnson Electric Holdings, Nidec Corporation, Allied Motion Technologies, AMETEK, Minebea, Faulhaber, Buhler Motor, Arc Systems, and Schnieder Electric. The motor industry is consolidated with the presence of global and domestic players across the globe. The industry players are adopting inorganic growth strategies including merger & acquisitions, joint ventures expand their market presence.