19, December 2022
The adoption of 4.0 technologies, such as the Industrial Internet of Things (IIoT), logistics automation, and robotics, is constantly rising. This has increased the use of electric DC motors across various industry segments such as industrial machinery, automotive, aerospace, transportation, HVAC equipment, and household appliances. According to our experts, the global electric DC motor market is anticipated to surge at a CAGR of 8.86% throughout the forecasting period 2022-2028.
Manufacturers across industries are constantly expanding their product lines with the integration of technological upgrades. For instance, automotive players are shifting toward electric mobility as the electric vehicle market is estimated to have a potential growth rate of xx% in the coming years. As a result, the sales of brushless DC motors will gain traction, owing to 80-90% higher efficiency than conventional motors.
According to our estimates, brushless DC motors lead the type segment and is expected to maintain its stronghold throughout the forecast period. It is driven due to various advantages such as higher efficiency & performance and lower susceptibility to mechanical wear. Additionally, a high power-to-weight ratio, high efficiency, practically instantaneous control of speed (RPM) & torque, high speed, and low maintenance are other aspects supplementing the studied growth trend.
Some examples of industry-wise applications of brushless DC motors in various industries are-
Brushless DC motors (BLDC) are found in various hybrid vehicles, electric vehicles, and personal transporters. They are highly preferred in long-term continuous duty cycles. Therefore, BLDC motors are widely used for traction inverters for ePowertrain.
In industrial robots, brushless DC motors can be used as actuators to move mechanical joints for tool positioning in welding, painting, and assembly applications. Robotic applications favor BLDC motors due to their dependability, power density, small size, and simplicity of maintenance.
The global industrial production landscape has changed dramatically. Data digitization, machine automation, and asset connectivity is potentially evolving technical infrastructures. Furthermore, several businesses use industrial automation components to compete in today’s fast-paced commercial environment. These factors are expected to contribute to the studied market during the forecast period. On the other hand, the rising demand for energy-efficient electric DC motors in industrial machinery used in mining, manufacturing, power generation, and utility sectors is projected to influence several opportunities for the global electric DC motor market.
Based on the application segment, the market is divided into industrial machinery, HVAC Equipment, aerospace and defense, automotive and transportation, household appliance, and other applications.
Q2) What are the factors hampering the global electric DC motor market?The global electric DC motor market is expected to witness critical challenges, such as the lack of quality control for electric DC motors caused by an unorganized market segment offering low costs for entering the local market to compete with multinational suppliers.
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