Brushless DC Motors Market to exceed $8.15 Billion by 2021
Jun 22, 2019 12:01 AM ET
The brushless DC motors market is expected to grow from an estimated USD 5.19 Billion in 2016 to USD 8.15 Billion by 2021, at a CAGR of 9.4%. The global market is set to witness growth, due to increased usage of brushless DC motors across major industries such as chemicals, paper & pulp, marine, automotive, food processing, semiconductors, electronics manufacturing and aerospace.
Manufacturing to be the largest segment in the brushless DC motors market
With regard to the end user segment, manufacturing & industrial end user segment in the brushless DC motors market is expected to be the largest market in 2016. Increasing rate of industrial automation in industries like chemical, automobile, paper & pulp, food processing, electronic manufacturing and aerospace is anticipated to fuel the growth of global brushless DC motors market.
Browse 65 market data tables and 42 figures spread through 146 pages and in-depth TOC on “Brushless DC Motors Market – Global Forecasts to 2021”
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The inner rotor brushless DC motors segment is expected to hold the largest share of the brushless DC motors market, by type, during the forecast period
The inner rotor brushless DC motors segment led the brushless DC motors market in 2015 and is expected to grow at the fastest rate during the forecast period, owing to the increasing requirement of inner rotor brushless DC motor for medical & healthcare application. This segment is primarily driven by rising demand for high speed, highly reliable, and quiet brushless DC motors for medical devices and healthcare application, and is expected to create new revenue pockets for the brushless DC motors market during the forecast period.
Asia-Pacific: The leading market for brushless DC motors
In this report, the brushless DC motors market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, Middle East, and Africa. The Asia-Pacific is expected to dominate the global brushless DC motors market, given growth of consumer electronic sector in China, South Korea, Japan, and Taiwan. Also, the growth of automotive sector in China, India, and Japan has played significant role in growth of brushless DC motors in Asia-Pacific.
Key players in the brushless DC motors market include Nidec Corporation (Japan), Johnson Electric Holdings (China), Allied Motion Technologies (U.S.), AMETEK (U.S.), and Maxon Motor AG (Switzerland).
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Contact Information:
Contact:
Mr. Shelly Singh
MarketsandMarkets
INC.630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
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