Brushless DC Motor Market Size

Brushless DC Motor Market size was valued at USD 100.67 billion in 2024 and is likely to exceed USD 322.96 billion by the end of 2037, registering over 9.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of brushless DC motor is evaluated at USD 108.24 billion.. The growth of the market can be attributed to the increasing demand for electric vehicles across the globe. The popularity of electric vehicles is increasing the demand for brushless DC motors, as they are employed in the propulsion system of these vehicles. By 2050, sales of electric vehicles (EVs) globally are anticipated to reach over 60 million units annually, with more than 650 million global EV stock.

Further, the global move towards renewable energy sources is boosting demand for brushless DC motors. They have found various applications in renewable energy sources, as it provides more advantages as compared to the traditional brushed motors.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of brushless DC motor is evaluated at USD 108.24 billion.

The brushless DC motor market size was valued at USD 100.67 billion in 2024 and is likely to exceed USD 322.96 billion by the end of 2037, registering over 9.3% CAGR during the forecast period i.e., between 2025-2037. The growing demand for energy efficiency and expanding aerospace industry will propel the market growth.

North America industry is estimated to register a notable share by 2037, due to increasing aerospace & defense sector in the region.

The major players in the market include ABB Ltd., Ametek, Inc., Johnson Electric, Allied Motion Technologies, Inc., Baldor Electric Company, Inc., North American Electric, Inc., Schneider Electric, Regal Beloit Corporation, Arc System Inc.

Brushless DC Motor Market Size