The
brushless DC motors market and it is
poised to grow by USD 38.83 billion during 2020-2024, progressing at a CAGR of
almost 13% during the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers, and the
overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Free Sample Report
on COVID-19 Impact
Frequently Asked Questions-
·
At what rate is the market projected to grow during
the forecast period 2020-2024?
·
Growing at a CAGR of almost 13%, the market growth will accelerate in
the forecast period.
·
What is the key factor driving the market?
·
The growing use of BLDC in the automotive sector is one of the key
factors driving the market growth.
·
Who are the top players in the market?
·
Allied Motion Technologies Inc., AMETEK Inc., Buhler Motor GmbH,
Faulhaber, Johnson Electric, Maxon Motor AG, MinebeaMitsumi, Moog Inc., Nidec
Corporation, and Oriental Motor Co. Ltd. are some of the major market
participants.
·
Which region is expected to hold the highest market
share?
·
APAC
·
What is the year-over-year growth rate of the
global market?
·
The year-over-year growth rate for 2020 is estimated at 12.69%.
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Allied Motion Technologies Inc., AMETEK
Inc., Buhler Motor GmbH, Faulhaber, Johnson Electric, Maxon Motor AG,
MinebeaMitsumi, Moog Inc., Nidec Corporation, and Oriental Motor Co. Ltd. are
some of the major market participants. To make most of the opportunities,
market vendors should focus more on the growth prospects in the fast-growing
segments, while maintaining their positions in the slow-growing segments.
Brushless DC Motors Market 2020-2024: Segmentation
Brushless DC Motors Market is segmented as below:
·
Product
o
Less Than 750 W Power Rating
o
750 W To 3 KW Power Rating
o
More Than 75 KW Power Rating
o
3 KW To 75 KW Power Rating
·
End-user
o
Industrial
o
Consumer Durables
o
Automotive
o
Aerospace and Defense
o
Healthcare
·
Geographic Landscape
o
APAC
o
Europe
o
MEA
o
North America
o
South America
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