Brushless DC Motors Market Projections and Future Opportunities
Brushless direct current (DC) motor, also known as synchronous electric motor, is driven by DC electricity instead of a mechanical commutation system. Brushless DC motors have high efficiency, reliability, help lower acoustic noise, and offer dynamic response, high speed range, and long durability are among the key features expected to leverage the brushless DC motor market growth.
Brushless DC Motors Market Growth Factors:
Higher efficiency of brushless DC motors in comparison with other induction or magnetic motors is driving growth of the brushless DC motors market. Brushless DC motors are more efficient than its brushed DC counterparts, as is it is associated with lower mechanical wear outs, thus lowering maintenance costs. The brushless DC motors market is witnessing rapid growth due to rising demand for electric vehicles.
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Brushless motor operates at low temperatures, requires minimum maintenance, are thermally resistant, and removes any threat of sparks. This in turn, has increased the demand for brushless motors over other types. Integration of sensor-less controls in brushless DC motors, helps boost the durability and reliability of the product, in turn decreases the number of mechanical misalignment, electrical connections, and reduces the weight and size of the product. The demand for the sensor-less controls from the industrial machinery has increased considerably due to its low cost and robust motor drives. However, necessity of an external component to control this motor and initial costs associated with deployment of brushless DC motors are factors hampering growth of the brushless DC motors market.
Among end users, the industrial automation equipment segment held the largest market share in the brushless DC motors market due to the growing demand for hybrid and electric cars. According to the international energy agency, in 2016, electric car sales was over 750 thousand worldwide. The consumer goods segment is rapidly growing due to increasing demand for heating, ventilation, and air conditioning (HVAC) technology, which in turn, is increasing the demand for brushless DC motors. The consumer goods segment in the U.S. accounted for the largest in the world, in 2015. According to the SelectUSA, in 2015, the consumer goods segment was valued at US$ 446 billion based on the U.S Bureau of Labor Standards (BLS) data.
Brushless DC Motors Market Regional Insights:
Asia Pacific held the large brushless DC motors market share due to rising production of electric cars and increasing demand for consumer electronics. According to the international energy agency, in 2016, China held the largest market share in the electric cars market, accounting for over 40% of the global electric cars sold in China.
The market in North American is expected to witness fastest growth due to growing demand for extremely sophisticated medical devices. For example, the development of positive airway pressure (PAP) breathing apparatus for the treatment of sleep apnea. This device which helps patients in breathing also employs brushless DC motor to power the blower fan. According to the Department of Commerce, the U.S holds the largest medical device market, which contributed around US$ 140 billion in 2015.
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Brushless DC Motors Market Competitive Background:
Key players operating in the brushless DC motors market include Johnson Electric, Ametek, MinebeaMitsumi Inc., Allied Motion Technologies Inc., Maxon Motor AG., Emerson Electric Corporation, ABB, Nidec Corporation, and ARC Systems.
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