Brushless DC (BLDC) Motor Market is Predicted to Reach USD 26.01 Billion by 2030

According to the study by Next Move Strategy Consulting, the global Brushless DC (BLDC) Motor Market size is predicted to reach USD 26.01 billion with a CAGR of 6.81% by 2030.

Request a FREE Sample: https://www.nextmsc.com/brushless-dc-bldc-motor-market/request-sample

The growing demand for hybrid vehicles around the world increases the adoption of brushless DC motors, which play a crucial role in converting battery power into smooth acceleration and efficient propulsion. 

Moreover, rising demand for HVAC system, driven by the surging urbanization around the world is further propelling the growth of the BLDC motor market.

However, high initial investment associated with the brushless DC electric motors compared to traditional brushed motors due to their more complex construction and electronic controls is expected to create hindrance for the growth of the market. On the other hand, the ongoing development of new magnetic technologies such as grain boundary diffusion process, aimed at enhancing coercivity of Neodymium Iron Boron (Nd-Fe-B) magnets which are used in brushless dc motors is expected to create future opportunities for the market.

Asia Pacific holds the dominant the brushless DC motor market share at present and is expected to continue its dominance during the forecast period.

The brushless dc motor industry comprises various market players such as AMETEK.Inc., Allied Motion, Inc., MinebeaMitsumi Inc., Johnson Electric, Assun Motor, Anaheim Automation, Inc., ARC Systems Inc., ABB Ltd, Oriental Motor USA Corp., and Nidec Corporation among others.