Global Brushless DC Motor Market Is Estimated To $8782.07 In 2017
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The global Brushless DC Motor market is estimated to be valued at almost 8782.07 M USD in 2017 and is expected to reach a value of about 15159.61 M USD by 2025 at a CAGR of 7.06% over the 2017-2025 period. This significant growth is likely to be influenced by several key trends expected to emerge in the global Brushless DC Motor market in the coming years.
The light weight of Brushless DC Motors adds more value to their use and adoption. This is one of the aspects driving the global market. Another trend observed in this market is that many companies are focusing on higher efficiency and low energy consumption, which is possible with the help of Brushless DC Motors. Moreover, the increasing use of robots owing to increased automation requires these motors, accelerating their use even further. The attractiveness of these motors can be credited to their longer life cycle and high efficiency due to less weight.
Brushless DC Motors is widely used in HDD (Hard Disk Drives Spindle Motor), ODD (Optical Disk Driver Motor), Home Appliance. HDD is the largest application area with market share over 48%.
China is the largest consumption region of Brushless DC Motors, with a consumption market share nearly 31% in 2017. Europe is the second largest consumption region of Brushless DC Motors, enjoying consumption market share over 20% in 2017. Asia Pacific (APAC) region seems to have good growth potential in the coming years. This growth can be attributed to the increasing demand in China, Japan and India.
Market competition is not intense. Nidec, Minebea Mitsumi, Shinano Kenshi, Maxon Motor, Johnson?Electric, Portescap, Allied Motion, HyUnion Holding, Tsiny Motor, Topband, Constar, AMETEK, Fulling Motor and Telco are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry. Nidec is the world’s No.1 manufacturer with market share over 41%.