The brushless DC motor market is expected to grow at a CAGR of 8.26%, reaching a market size of US$20.319 billion in 2029 from US$11.659 billion in 2022.
The market is anticipated to grow due to Brushless DC (BLDC) motors' capacity to reduce energy consumption and improve the operational efficiency of the equipment they are used in. These motors simultaneously provide the highest level of dependability and efficiency, making them cost-effective in most applications—including window lifters, air conditioners, and sunroof actuators. The market is also being driven by the global expansion of the electric vehicle (EV) industry.
The demand for BLDC motors is driven by the rising popularity of vehicle features, such as sunroof systems, motorized seats, and adjustable mirrors. Moreover, motors are used to some extent in all human activities and processes. Motors are used in many devices, systems, and pieces of machinery. The number of motors is increasing alongside equipment, systems, and devices. As a result, brushless DC motor demand has skyrocketed.
The market is expanding due to the rise in auto production and the quantity of BLDC motors found in cars. Automotive motors are utilized in vehicle safety fittings, chassis, and powertrain systems. The growing popularity of features like massage seats, motorized wipers, doors, adjustable mirrors, and seats with motors drives the demand for BLDC motors.
Numerous governments have implemented various policies to promote and incentivize the adoption and production of electric vehicles. Given their advantages—lower rotor heat and higher peak point efficiency—they should be seen in hybrid cars more often in future years. These benefits are invaluable in many applications but particularly useful for electric and hybrid vehicles. Furthermore, electric car manufacturers prefer to use BLDC motors in their products because they are more efficient, can run at high speeds, require less maintenance, and react quickly.
Manufacturers always focus on research and development to produce new, efficient brushless DC motors to meet consumer demand. Growing worries about pollution to the environment and regulations are forcing manufacturers to produce brushless DC motors that are vibration-free and more efficient. Because of its low size and low cost, this new breed of brushless DC motor is expected to become more popular in residential and commercial settings.
Expanding developments from different companies are also examined to further propel market expansion. Mean Well will launch the VFD Series in 2023. This innovative product line will include 150W to 750W Industrial Brushless DC Motor Controllers and Drivers, enabling industrial automation's efficient and accurate advancement. Similarly, Arc Systems Inc. created the class-H insulated squirrel cage brushless DC motor, which can withstand high temperatures.
Increasing compliance for energy-efficient motors and the rising adoption of motor-driven electric vehicles are the key factors driving market growth in Asia Pacific. The rising demand for efficient energy usage over concerns about the environmental impact of energy generation from conventional sources such as coal and natural gas is expected to drive the brushless DC Motor market. For instance, Invest India forecasts that India's agricultural exports will reach $50.2 million and grow by 3.5% in FY 2022–2023. As agricultural production increases, the market for brushless DC motors is expected to grow due to increased demand for reliable and effective motors to power farming machinery. The expanding production and sales of electric vehicles worldwide are also investigated to further drive market expansion.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Brushless DC Motor Market Size in 2022 | US$11.659 billion |
| Brushless DC Motor Market Size in 2029 | US$20.319 billion |
| Growth Rate | CAGR of 8.26% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2024 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Brushless DC Motor Market | |
| Customization Scope | Free report customization with purchase |
The Brushless DC Motor Market is analyzed into the following segments: