Brushless DC Motor Market to Reach $72.24 Bn, Globally, by 2030 at 8.1% CAGR: AMR
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High use of brushless DC motors as servomotors, adoption of brushless DC motors in various applications, and benefits of brushless DC motors over brushed DC motors have boosted the growth of the global brushless DC motors market. However, high initial cost of investment & complexity and decline in automobile manufacturing hinder the market growth. On the contrary, shift of the global automobile industry toward electric vehicles would open new opportunities in the future.
By rotor type, the inner rotor held the largest share in 2020, accounting for more than two-thirds of the global brushless DC motors market, as it offers fast speed and acceleration as well as compact and high torque. However, the outer rotor segment is expected to register the highest CAGR of 9.2% during the forecast period, as they are widely used in hard disk drive motors and spindle motors.
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By end user, the automotive segment held the lion's share in 2020, contributing to nearly one-third of the global brushless DC motors market, as these motors offer greater output torque, and are used to adjust seats in automobiles. However, the healthcare segment is estimated to manifest the highest CAGR of 10.9% from 2021 to 2030, due to applications of brushless DC motor in respiratory and ventilation devices.
By region, the market across Asia-Pacific, followed by North America, dominated in 2020, holding more than two-fifths of the global brushless DC motors market. Furthermore, the region is projected to portray the highest CAGR of 9.1% during the forecast period, owing to rise in infrastructure spending for development of airports, metros, commercial establishments, and healthcare & hospitality supplements.
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