Consumer demand for enhanced features in automotive products such as motorized seats is spurring demand for brushless DC motors says Fact.MR. Rising emphasis on fuel efficiency, adoption of new-energy alternatives, amid strict carbon emission regulations is also accelerating demand for brushless DC motors, according to the global market intelligence company. In a new report, Fact.MR says the global brushless DC motors market will continue to grow over two-folds during the forecast period (2019-2029). The quick response offered by brushless DC motors coupled with enhanced motor durability positions brushless DC motors as an alternative over conventional counterparts.
Motor vehicle end-use segment holds the largest market value share with more than 27% of demand coming from this segment. Fact.MR says the demand from the motor vehicle segment will continue to grow at a 7% CAGR through 2029. Industry machinery accounts for the second largest market value share and the segment will grow at a 6% CAGR during the forecast.
According to the report, high performance HVAC systems, power tools and automated robots are central to the growth of 0-750 Watts brushless DC motors. The power segment accounts for a 50% share of the total market value and shows the highest growth rate of 6.7% CAGR between 2019 and 2029.
Besides historical demand data and forecast statistics, the Fact.MR study gives insights on the brushless DC motors market on the basis of power (0-750 watts, 750 watts to 3 kW, 3 kW - 75 kW, and above 75 kW), end-use (industrial machinery, motor vehicles (safety, comfort, and performance), HVAC equipment, aerospace & transportation, household appliances, and others), and across North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA.
