Brushless DC Motor Market is segmented By Rotor Type (Inner Rotor, Outer Rotor), By Power Range (750 W-3 KW, 0-750 W, More than 3 KW), By End User (Au....
Market Size in USD
CAGR5.4%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 5.4% |
Market Concentration | Medium |
Major Players | Johnson Electric, ABB Ltd, Regal Beloit Corp, Baldor Electric Company, Inc., Allied Motion Technologies, Inc. |
The brushless DC motor market is estimated to be valued at USD 21.19 Bn in 2024 and is expected to reach USD 30.62 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. Growth of the brushless DC motor market can be attributed to rising demand for brushless DC motors across various industries such as automotive, industrial machinery, HVAC equipment, and consumer electronics.