Market Analysis
Market Research Future (MRFR) predicts the Europe Brushless DC Motors market to grow at a 8.21% CAGR from 2024 to 2032 (forecast period).
Europe Brushless DC Motors are a type of permanent magnet motors that generates an electric current to drive each phase of the motor through a closed-loop controller. These motors feature high efficiency and excellent controllability and are widely used in various applications, such as consumer electronics, transportation, heating and ventilation, industrial engineering, and model engineering.
The major advantage of Europe Brushless DC Motors is their high level of efficiency, as these motors can be controlled continuously at a maximum rotational force. Furthermore, Europe Brushless DC Motors have many advantages over other types of motors because they need less maintenance than brushed DC motors. Furthermore, Europe Brushless DC Motors operate effectively at all speeds with rated loads and offer a greater speed range, lower electric noise generation, and a reduced size with superior thermal characteristics.
Some of the factors that are driving the Europe Brushless DC Motors market include the increased use of Europe Brushless DC Motors across major industries such as automotive, rising demand from HVAC application segments, the transition to energy-efficient motors, and the high maintenance costs of brushed DC motors. End-users prefer energy-efficient motors because they reduce their overall cost. For smooth operation, industrial systems all over the world depend on energy-efficient electric motors. Many major players have begun to develop motors that are technologically advanced and have high energy efficiency. ABB, for example, set a record in energy efficiency in 2017 by developing a 44 MW six-pole synchronous motor with an efficiency level greater than 98.9%.
The global brushless DC motor industry is expected to expand rapidly during the forecast period, owing to the growing use of energy-efficient motors in a variety of industries. Policymakers also have taken the initiative to identify opportunities for high-energy efficient motor potentials. In line with this, some of the policies, such as minimum standards and motor labeling schemes, have already been introduced in many countries.
COVID-19 Impact on the Global Europe Brushless DC Motors Market
The COVID-19 pandemic has had a negative impact on the BLDC motors market. For example, the demand for electronics has slowed recently due to low consumer demand and disrupted supply chains of raw materials and components, which has hindered the BLDC motors industry. However, demand for these motors is expected to rise due to the increased production and adoption of electric vehicles that use BLDC motors. Furthermore, the rising demand for washing machines, air conditioners, and other electronic products is expected to drive the market in the coming years.
Market Segmentation
The global Europe Brushless DC Motors industry has been segmented based on type, speed, and end-use.
By type, the global Europe Brushless DC Motors market has been segmented into the inner rotor and outer rotor.
By speed, the global Europe Brushless DC Motors market has been segmented into less than 500 rpm, 501-2,000 rpm, 2,000-10,000 rpm, and above 10,000 rpm.
By end-use, the global Europe Brushless DC Motors market has been segmented into consumer electronics, automotive, manufacturing, healthcare, and others.
Regional Analysis
The global Europe Brushless DC Motors industry has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
During the forecast period, Asia Pacific is anticipated to dominate the brushless DC motor market as the region is a hub for manufacturing electronic components and devices for various industries. Furthermore, the region has seen significant investment in the production of electric vehicle components, especially batteries systems.
Key Players
- Allied Motion Inc. (US)
- Johnson Electric Holdings Limited (Hong Kong)
- WEG (Brazil)
- Nidec Corporation (Japan)
- Arc Systems (US)
- Anaheim Automation Inc. (US)
- Bühler Motor GmbH (Germany)
- Electrocraft Inc. (US)
- Toshiba Corporation (Japan)
- Ametek Inc. (US)
- Rockwell Automation Inc. (US)
- Siemens (Germany)
- GE (US)
Summary
The global Europe Brushless DC Motors market is anticipated to grow at a 9.50% CAGR from 2018 to 2023 (forecast period). Europe Brushless DC Motors are a permanent magnet motor that generates an electric current to drive each phase of the motor through a closed-loop controller. These motors feature high efficiency and excellent controllability and are extensively used in various applications, such as consumer electronics, transportation, heating and ventilation, industrial engineering, and model engineering.
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