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The significant shift toward Electric Vehicles (EVs), driven by environmental concerns, government regulations, and advancements in battery technology, is boosting the demand for brushless DC motors. Major automakers are investing heavily in developing electric platforms and expanding their EV offerings to meet consumer demand. For instance, in February 2021, BorgWarner launched its 800-volt electric motor for the commercial vehicle segment. This High Voltage Hairpin (HVH) 320 motor is capable of 97% peak efficiency which achieves higher power density, reduced charging time. The four motor variants allow for a wide breadth of coverage.
With the proliferation of consumer electronics, there is a growing demand for customized & personalized solutions. Manufacturers are offering a wide range of brushless DC motors with customizable features, such as speed, torque, and size, to meet the specific requirements of different electronic devices and applications. Different consumer electronics applications require motors with varying levels of speed, torque, efficiency, and precision.
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.