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Brushless DC Motor Market Size

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

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Brushless DC Motor Market Size

Brushless DC Motor Market size was valued at USD 12.5 billion in 2023 and is anticipated to grow at a CAGR of over 8% between 2024 and 2032, driven by the popularity of energy-efficient solutions. Industries across the world are increasingly focused on reducing energy consumption and improving overall efficiency as part of sustainability initiatives and regulatory requirements.

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Brushless DC motors have lower energy requirements compared to traditional brushed DC motors and even AC induction motors, making them an attractive choice for a wide range of applications. For instance, in December 2022, Nidec Corporation created a single-phase, low-vibration, and low-cost brushless DC motor specifically designed for electric fans. The motor offers an unprecedented combination of cost-efficiency and performance.

Brushless DC Motor Market Report Attributes
Report Attribute	Details
Base Year:	2023
Brushless DC Motor Market Size in 2023:	USD 12.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	8%
2032 Value Projection:	USD 26 Billion
Historical Data for:	2018 - 2023
No. of Pages:	220
Tables, Charts & Figures:	250
Segments covered:	Type, power, and end-user
Growth Drivers:	Advancements in motor control technologies Rising demand for energy-efficient solutions Increasing automation across industries Growing demand for consumer electronics High focus on sustainability Expansion of electric and hybrid vehicles
Pitfalls & Challenges:	Cost pressures Complexity of control systems

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Advancements in motor control technologies facilitate the development of miniaturized & integrated motor systems, catering to the rising demand for smaller & more compact motor solutions. Integrated control electronics, sensor technology, and advanced algorithms enable the design of compact & highly efficient brushless DC motor solutions for a wide range of applications. For instance, in February 2021, Portescap, a renowned global manufacturer specializing in miniature and specialty motors, unveiled its latest innovative 16ECS high-speed brushless motor, as an addition to its Ultra EC mini brushless DC motor platform.

Brushless DC motors require sophisticated electronic control systems for operation including sensor feedback and electronic commutation. Designing and implementing these control systems can be complex, requiring specialized knowledge and expertise, which can increase development costs and complexity. These systems require professional know-how in sensor selection, signal processing, and closed-loop control algorithms to ensure accurate speed regulation, torque production, and fault detection.

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.