Brushless DC Motors Market Summary
As per Market Research Future Analysis, the Global Brushless DC Motor Market was valued at USD 13,703.23 Million in 2023 and is projected to grow to USD 22,261.66 Million by 2030, with a CAGR of 7.18% from 2024 to 2030. The growth is driven by increasing demand in the automotive sector and the need for energy-efficient motors across various industries. The market is also supported by government initiatives focusing on energy efficiency to reduce carbon emissions. Brushless DC motors are favored for their efficiency, lower running costs, and minimal maintenance requirements, making them ideal for applications in automotive, consumer electronics, and robotics.
Key Market Trends & Highlights
The brushless DC motor market is witnessing significant trends driven by innovation and demand across various sectors.
- Projected market growth from USD 14,374.36 Million in 2024 to USD 22,261.66 Million by 2030.
- Inner Rotor segment expected to dominate market revenue during the forecast period.
- 2001-10000 RPM segment projected to lead in speed category revenue.
- Asia-Pacific region anticipated to hold the largest market share due to automotive industry expansion.
Market Size & Forecast
2023 Market Size | USD 13,703.23 Million |
2024 Market Size | USD 14,374.36 Million |
2030 Market Size | USD 22,261.66 Million |
CAGR (2024-2030) | 7.18% |
Major Players
Key players include NIDEC CORPORATION, Johnson Electric Holdings Limited, Maxon, Portescap, Oriental Motor Co., Ltd., AMETEK, Inc., MinebeaMitsumi Group, Compage Automation Systems Pvt. Ltd., Balu Forge Industries Limited, Mabuchi Motor Co., Ltd.