Brushless Dc Motors MarketSize and Trends

Brushless DC Motors Market Growth Factors:

Higher efficiency of brushless DC motors in comparison with other induction or magnetic motors is driving growth of the brushless DC motors market. Brushless DC motors are more efficient than its brushed DC counterparts, as is it is associated with lower mechanical wear outs, thus lowering maintenance costs. The brushless DC motors market is witnessing rapid growth due to rising demand for electric vehicles.

Brushless motor operates at low temperatures, requires minimum maintenance, are thermally resistant, and removes any threat of sparks. This in turn, has increased the demand for brushless motors over other types. Integration of sensor-less controls in brushless DC motors, helps boost the durability and reliability of the product, in turn decreases the number of mechanical misalignment, electrical connections, and reduces the weight and size of the product. The demand for the sensor-less controls from the industrial machinery has increased considerably due to its low cost and robust motor drives. However, necessity of an external component to control this motor and initial costs associated with deployment of brushless DC motors are factors hampering growth of the brushless DC motors market.

Among end users, the industrial automation equipment segment held the largest market share in the brushless DC motors market due to the growing demand for hybrid and electric cars. According to the international energy agency, in 2016, electric car sales was over 750 thousand worldwide. The consumer electronics segment is rapidly growing due to increasing demand for heating, ventilation, and air conditioning (HVAC) technology, which in turn, is increasing the demand for brushless DC motors. The consumer electronics segment in the U.S. accounted for the largest in the world, in 2015. According to the SelectUSA, in 2015, the consumer electronics segment was valued at US$ 446 billion based on the U.S Bureau of Labor Standards (BLS) data.

Market Trends

Among product type, the inner rotor brushless DC motors segment is expected to hold a large market share. Inner rotor brushless DC motors are generally used in applications requiring high initial torque, flexible action, and fast acceleration.