Current status of the brushless motor industry in the world
The brushless motor industry is experiencing growth and expansion globally. The global brushless DC motors market was valued at USD 3443.05 million in 2020 and is expected to reach USD 5626.11 million by 2030, with a CAGR of 5% to 9.5%. [1]
The market is segmented into product, application, shape, size, and region. The industry is dominated by applications such as automotive, power tools, and HVAC industries. The brushless DC motor market is estimated to grow by $2586.75 million from 2023-2027, with a CAGR of 4%.[2]
The industry is driven by increasing usage in a wide range of applications in industries such as marine, automotive, chemicals, paper, and others. The Asia-Pacific region is the largest global brushless DC motor market, accounting for around 48% of the market in 2020. [3]
The market is expected to expand due to increasing expenditure toward the development of infrastructural and manufacturing facilities and the rise in rapid industrialization in this region. [4]
The major players in the brushless DC motor market include Allied Motion Inc., AMETEK. Inc., Johnson Electric Holdings Limited, MinebeaMitsumi Inc., Nidec Corporation, Arc, ABB Ltd., Johnson Electric, Ametek Inc., North American Electric, Inc., Baldor Electric Company Inc., Regal Beloit Corporation, Siemens, Nidec Motor Corporation, and TECO Electric & Machinery Co., Ltd.[5]
Future development trends of the brushless motor industry in the world
The future development trend of the brushless motor industry in the world is expected to be positive, with a projected growth rate of 5% to 9.8% during the forecast period from 2021-2030. [4][5]
The market is expected to expand reasonably, with a forecasted market size of USD 16.01 billion to USD 72.24 billion by 2030. The industry is expected to focus on the development of new technologies and innovations to meet the changing needs of customers and the market. [6]
The industry is also expected to focus on the development of high-end brushless motor products, with a focus on improving the level of technology through increased investment in research and development. The market is dominated by applications such as automotive, power tools, and HVAC industries. [6]
The industry is driven by increasing usage in a wide range of applications in industries such as marine, automotive, chemicals, paper, and others. The market is highly fragmented, with both structured and unorganized companies vying for a competitive edge. [5][6]
What is X-TEAM brushless motor manufacturer doing under this industry trend?
Innovation is at the core of our business
Cost-effective is the working point of our business
Market development is the foothold of our business
we are also focusing on developing new products that cater to the needs of different industries and verticals, such as Industrial robots, New Energy, Robot Arm, Logistics Picking, Laser Welding, Mini Oil/Water Pump, Mechanical Dog, and Electrical Tools.[8]
