Brushless DC Motor Market Trends

Growth Drivers

• Growing Demand for Energy Efficiency- On account of the increasing government regulations and consumer awareness of environmental concerns the brushless DC motor market is expected to expand more in the upcoming forecast estimates and much years. Further, as brushless DC motors use less energy than more conventional motors, they are increasingly being used in a variety of applications. The European Union promised to increase energy efficiency, with an over 20% aim for 2020 and a target of at least 32% for 2030
• Rising Urbanization - The increasing urbanization across the globe is driving the demand for brushless DC motors as cities become more crowded and people seek more efficient and environmentally friendly solutions. According to statistics, the number of people living in urban areas will rise by over 5 billion by 2045 across the globe.
•  Increasing Demand for Consumer Electronics - Brushless DC motors are increasingly in demand owing to increasing demand for electronic equipment, which includes, smart electric toothbrushes, hair dryers, and power tools. In 2022, it is predicted that consumers would spend over USD 500 billion on electronics around the world.

Challenges

• Exorbitant Cost of Brushless DC Motor – The high cost of brushless DC motors is one of the major factors predicted to slow down the market growth. For instance, to function well, brushless DC motors need specialized electronic control systems that include sensors, controllers, and power electronics. The cost of these parts may increase the motor’s overall price.
• Need of Controllers for the Operations of Brushless DC Motor
• Availability of Cheap Brushless DC Motors