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Brushless DC Motor Market Share

Report ID: GMI8397
Published Date: Mar 2024
Report Format: PDF

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Brushless DC Motor Market Share

ASEA Brown Boveri (ABB) is a multinational corporation with expertise in power and automation technologies. ABB has a significant presence in the brushless DC market and offers a range of solutions tailored to various industries and applications.

North American Electric, Inc. (NAE) is a notable player in the electric motor industry, offering a range of solutions including brushless DC motors. These brushless DC motors cater to various industrial and commercial applications, providing reliable & efficient solutions to meet diverse customer needs.

Brushless DC Motor Market Companies

Major companies operating in the brushless DC motor industry are:

ABB
North American Electric, Inc.
Nidec Motor Corporation
Ametek Inc.
Renesas Electronics Corporation.
ORIENTAL MOTOR CORP
Cence Power

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of brushless DC motor surpassed USD 12.5 billion in 2023 and is set to expand at over 8% CAGR between 2024 and 2032. driven by the popularity of energy-efficient solutions.

Inner rotor brushless DC motors segment is anticipated to account for more than 55% revenue share in 2023, owing to their higher power density and their compact and lightweight designs for maintaining or improving performance.

Asia Pacific market is set to grow at over 9% CAGR from 2024 to 2032, due the robust manufacturing infrastructure and supply chain networks in the region.

Some of the leading companies engaged in the industry are ABB, North American Electric, Inc., Nidec Motor Corporation, Ametek Inc., Renesas Electronics Corporation., ORIENTAL MOTOR CORP, and Cence Power.