Brushless DC Motor Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

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....

Brushless DC Motor Market Size

Market Size in USD

CAGR5.4%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR5.4%
Market ConcentrationMedium
Major PlayersJohnson Electric, ABB Ltd, Regal Beloit Corp, Baldor Electric Company, Inc., Allied Motion Technologies, Inc.
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Brushless DC Motor Market Analysis

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.