Global Brushless DC Motors Market: Global Industry Analysis, Industry Outlook and Strategies to 2023
According to a new market report published by Credence Research Inc “Brushless DC Motors Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023,” the global brushless DC motors market is expected to witness a significant growth through the forecast period with resurgence in the manufacturing sectors and increasing replacement of existing DC motors and induction motors. In addition, the falling price of DC brushless motors is promoting the end-users to increasingly employ DC brushless motors. The minimum efficiency requirements requisite for some emerging applications have also encouraged OEM to include DC brushless motors in their product portfolio.
In 2015, DC brushless motors with output capacity less than 10 kW led the global DC brushless motor market. The segment contributed to over 81% of the global market revenue in the same year. The dominance of DC brushless motors with output capacity less than 10 kW can be credited to their widespread use in industrial applications including servo drives, positioning systems, and robot actuators among others. On the other hand, DC brushless motors with output capacity between 10 kW – 200 kW and more than 200 kW are poised to exhibit superior growth on account of their growing use in automobiles.
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As of 2015, industrial was the largest revenue contributing end-use segment in the global DC brushless motor market. The segment accounted for around one-fourth of the global DC brushless motor market revenue in the same year and is expected to exhibit steady growth during the forecast period 2016 – 2023. Growth in the industrial segment is primarily contributed by the regulated demand from the oil and gas sector. On the other hand, HVAC segment is poised to exhibit maximum growth during the forecast period. Stringent energy efficiency regulations coupled with the increased discretionary household expenditure is expected to drive HVAC installations, thereby supporting the DC brushless motors demand.
Asia-Pacific was the largest and most attractive business destination for DC brushless mot manufacturers in 2015. The region accounted for around 66% of the global DC brushless motor market revenue in the same year. The trend shall prolong and the region is expected to hold on to its leading position through the forecast period 2016 – 2023. China was the largest individual DC brushless motor market in Asia Pacific. Growth in the GDP of countries including India, China, and South Korea coupled with the growing population, improved standard of living, and rise in industrialization are collectively driving market demand in Asia Pacific.
The increase in the number of manufacturers and distributors across the globe has ensured a highly competitive market where most manufacturers are struggling to gain meaningful differentiation. ABB, Nidec Corporation, Omron, Danaher Motion, and Toshiba International are identified as the leading players operating in the global DC brushless motor market. Manufacturers including Johnson Electric Holdings, Rockwell Automation, Anaheim Automation Inc, TIMEIC Corporation and AMETEK Inc. are marked as promising and emerging players on account of their established presence across the globe and aggressive product development strategy.
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