Brushless DC motor market to grow at CAGR of 6% says Fact.MR

April 2, 2020

Rising emphasis on fuel efficiency, adoption of new-energy alternatives, amid strict carbon emission regulations is also accelerating demand

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.