How Substantial is the Brushless DC Motor Market Extent?
The latest intelligence report published by Report Ocean, titled “Brushless DC Motor Market ”2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
The global brushless DC motor market size is expected to reach $71,942.6 million in 2026, from $34,153.5 million in 2018, growing at a CAGR of 9.3% from 2019 to 2026. Brushless DC motor is a synchronous DC motor powered by a DC power source. These motors are highly efficient in generating large amount of torque over a wide speed range. They have permanent magnets on the outside and a spinning armature on the inside. The permanent magnets rotate around the fixed armature, which is called the rotor. The rotor moves 180-degrees when an electric current is connected to the armature. The brushes act as the rotor spins, which contacts the stator, allowing the rotor to spin to a full of 360-degrees by flipping the magnetic field.
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What is the Magnitude of the Brushless DC Motor Market ?
The features of brushless DC motors such as enhanced speed torque, high efficiency, reliability, durability, and outstanding controllability boosts its adoption in many industrial applications. The rise in demand for electric vehicles from developing countries, increase in demand for HVAC applications, and surge in robotics technology are some of the key factors that fuel the market growth. However, factors such as slow-down in the automotive industry and high initial cost of investment and complexity are restricting the market growth. Furthermore, the growing industrial robotics technology is expected to offer lucrative growth opportunities to the brushless DC motors market in the forecast period.
The global Brushless DC motor market is segmented on the basis of rotor type, end user, and region. By rotor type, it is divided into inner rotor brushless DC motors and outer rotor brushless DC motors. The inner rotor segment is anticipated to dominate the global Brushless DC motor market in the future, owing to its adoption in industrial robots due to rising trend toward automation and technical improvements in industrial robots. By end user, it is divided as industrial machinery, automotive, healthcare, HVAC industry, and others. Others include consumer electronic products, automation, aerospace & defense, energy, and robotics. The industrial machinery segment is projected to dominate the global Brushless DC motor market during the forecast period.
The global Brushless DC motor market is analyzed across four geographical regions, which include North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Russia, and the Rest of Europe), Asia-Pacific (Japan, China, South Korea, India, and the Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest market share during forecast period and is expected to grow at a significant CAGR.
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COMPETITION ANALYSIS
The key market players profiled in the report for the Brushless DC motor market include Allied Motion Technologies Inc., Ametek Inc., Arc Systems Inc., Buhler Motor GmbH, Faulhaber, Johnson Electric Holdings Limited, Maxon motors AG, MinebeaMitsumi Inc., Nidec Corporation, and Oriental Motor Co. Ltd. Many competitors in the brushless DC motor market adopted product launch as their key developmental strategy to expand their product portfolio for business expansion. For instance, in May 2019, Ametek Inc. introduced a new series of brushless DC motors, EC042B IDEA Motor Series, under the brand Hayden Kerk Pittman. Its applications include aerospace systems, semiconductor processing equipment, lab automation, medical devices, communications equipment, and many other.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging global brushless DC motor market trends and dynamics.
? In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2018 and 2026.
? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? Global brushless DC motor market forecast analysis from 2019 to 2026 is included in the report.
? Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the industry.
GLOBAL BRUSHLESS DC MOTOR MARKET SEGMENTS
BY ROTOR TYPE
> Inner Rotor Brushless DC Motors
> Outer Rotor Brushless DC Motors
BY END USER
> Industrial Machinery
> Automotive
> Healthcare
> HVAC industry
> Others
BY REGION
> North America
o U.S.
o Canada
o Mexico
> Europe
o Germany
o France
o UK
o Russia
o Rest of Europe
> Asia-Pacific
o Japan
o China
o South Korea
o India
o Rest of Asia-Pacific
> LAMEA
o Latin America
o Middle East
o Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Market Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Market Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Market Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Market Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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