DUBLIN—Research and Markets has announced the addition of the "Brushless DC Motors Market by Type, Speed, End User and Region - Global Forecasts to 2021" report to their offering.

The brushless DC motors market is projected to reach USD 8.15 billion by 2021, growing at a CAGR of 9.4% from 2016 to 2021

Brushless DC motors are widely used in manufacturing, medical devices, automotive, and consumer electronic sector. Increased usage of brushless DC motors in automotive sector especially electrical vehicle segment is expected to drive brushless DC motors in Asia-Pacific and North America. High initial cost and requirement of control system can hinder the growth of brushless DC motors market. Also, availability of low quality inexpensive brushless DC motors in grey market can adversely affect the growth of global brushless DC motors market.

Based on end user of brushless DC motors, the consumer electronics segment is estimated to be the fastest growing market from 2016 to 2021. Consumer electronic includes digital storage devices, cooling fans for CPUs & servers, vacuum cleaners, and commercial & residential HVAC system. Increasing demand for energy efficient system is expected to drive the growth of consumer electronics segment in brushless DC motors market.

Asia-Pacific is currently the largest market for brushless DC motors, followed by North America, Europe, and South America. Asia-Pacific market is driven by growth of consumer electronics. The market in the Asia-Pacific region is projected to grow at a higher rate, with China expected to dominate the market. Availability of cheap labor and raw materials in Asia-Pacific countries such as China, Taiwan, and India is expected to fuel the brushless DC motors market.

Market Dynamics

Drivers

  • Increased Usage of Brushless DC Motors Across Major Industries
  • Continued Growth in Automobile Production
  • Rising Demand for HVAC Applications
  • Transition Towards Energy-Efficient Motors
  • High Maintenance Cost for Brushed DC Motors

Restraints

  • Requirement of Control System and High Price
  • Gray Market Providing Low-Quality & Inexpensive Products

Opportunities

  • Huge Market Potential for Electric Vehicles in Emerging Countries
  • Growing Robotics Technology

Challenges

  • Limitations of Permanent Magnets

Companies Mentioned

  • ARC Systems
  • Allied Motion Technologies, Inc.
  • Ametek
  • Anaheim Automation
  • Buhler Motor
  • Electrocraft Inc.
  • Fortive
  • Johnson Electric
  • Linix Motor
  • Maxon Motor
  • Minebea
  • Moons' Industries
  • Nidec Corporation
  • Oriental Motor
  • Shinano Kenshi

For more information about this report visit http://www.researchandmarkets.com/research/sjl6qc/brushless_dc

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Related Topics: Motors