23 July 2019
Visiongain has launched a new report Brushless DC Motors Market Report 2019-2029 : Forecasts by Type (Inner Rotor, Outer Rotor), by End-use (Manufacturing, Automotives, Medical Devices, Consumer Electronics) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global brushless DC motors market is expected to present promising growth prospects over the forecast period. Some of the key factors driving the market growth are increasing use of brushless DC motors across major industries such as in industrial automation, consumer durables, robotics, electric vehicles, medical devices, and HVAC equipments. However, the gray market offers low quality products at cheap rates, which may pose as an impediment for the brushless DC motors market.
Brushless DC motors are motors run by a direct current source, which is used in automotive, appliance, and medical equipment industries for better operational efficiency and energy saving purposes. These motors are low maintenance, heat resistant, and have to ability to work at low temperatures, which eliminates the risk of sparking. The brushless DC motors market is witnessing the emergence of sensor-less controls that reduces the product weight, size, number of electrical connections, and mechanical misalignments. The rising production of automobiles worldwide, increasing adoption of electric vehicles, growing concern regarding environmental pollution and global warming are expected to further boost the market. However, the market is highly fragmented in nature with numerous local and international companies and product quality is the only differentiating parameter. The local manufacturers mainly target the unorganized sector and give an intense competition to the global suppliers. The organized sector targets the industrial customers along with maintaining high product quality.
Some of the key players operating in the brushless DC motors market include ABB Ltd., Nidec Corporation, Allied Motion Technologies, Johnson Electric Holdings, Ametek, Inc., and Maxon Motor AG. These players are adopting various strategies such as engaging in merger and acquisitions, providing retrofitting solutions for the existing products and new product development.
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