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|Advent Of Electrical Vehicles Drives Brushless DC Motor Market by aditi240: 8:08am On May 06|
Lately, electric vehicles have been gaining much traction owing to several benefits. It helps in reducing carbon footprints and regulating fossil fuel. With growing popularity and adoption rate, demand for brushless DC motors is rising subsequently.
DC motor has a wide application range in the automotive sector. It is deployed indoors, wipers, and adjustable mirrors.
Registering expansion of the automotive sector across the globe, the brushless DC market is estimated to witness significant growth in the coming years.
Meanwhile, government bodies across several regions are undertaking initiatives to trigger the adoption rate of electric vehicles. This, in turn, is pushing the horizon of the global brushless DC motor market.
In addition, low maintenance and thermal resistance features of the brushless DC motor make it preferable over conventional motors. The integration of such motors enhances the quality and performance of machinery and improves customer experience. This factor, in turn, is anticipated to contribute to the growth of the global brushless DC motors market in the coming years.
Considering the widening application range of brushless DC motors, market analysts predict market expansion rate to be 6% CAGR between 2019 and 2029. Moreover, the integration of brushless DC motors reduces the weight and size of complex electrical connections in the final product. As a result, the efficiency of new vehicle models such as air condition systems and window lifters has been enhanced.
Widening Application Area of Brushless DC Motors Present Growth Opportunities to Global Brushless DC Motors Market
Lately, electrical appliances such as compressors, pumps, and similar domestic appliances are categorized on the basis of product efficiency, productivity, energy consumed, and electricity savings.
On the basis of energy efficiency, the brushless mother is bifurcated into 0-750 watts and 750 watts – 3KW segments.
0-750 watt motor is, primarily, deployed in domestic appliances. It aids to enhance the efficiency of the appliances. The segment accounts for 49% of the brushless DC motor market share. As per the market analyst, the 0-750 watt category is anticipated to scale at a healthy CAGR of 6.7% by the end of the forecast period.
Followed by the former segment, 750 -3KW category holds a prominent share in the entire market value of brushless DC motor. Prominent share of the segment is attributed to increasing industrial production to underpin the growing consumer manufacturing industry.
The segment contributes 23% of total revenue share to the market. Also, according to prediction given by market analyst, 750 watts to 3 KW segment will scale at a moderate CAGR of 6% in the coming years.
Brushless DC Motor Integration Enhance Durability of Electrical Appliance
In a recent survey, East Asia holds a prominent position in global sales. In fact, it holds 50% of the global market value. The market share is attributed to the sprawling electric vehicle market in Singapore, Malaysia, and Indonesia. Moreover, the application of brushless DC motors in motorcycles and electric scooters is driving the demand for the motor in East Asian countries.
Meanwhile, Europe and North America, altogether, holds 32% of the global market share. Rising use of brushless DC motors in end-use application industries, for example, HVAC equipment, aerospace and transportation, and home appliances. This, in turn, will aid revenue generation in these regions.
In addition, South Asia and Oceania present lucrative growth opportunities to the global brushless DC motor market. This growth rate is backed by rapid urbanization and rising customer demand for efficient electrical appliances.
Some of the key market players operating in the global brushless DC motor market are Nidec Motor Corporation, ABB Ltd., Regal Beloit Corporation, TECO Electric & Machinery Co., Ltd., Ametek Inc., Johnson Electric, Schneider Electric, Siemens, Baldor Electric Company Inc., and Allied Motion Technologies Inc.
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