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Brushless DC Motor Market Is Predicted To Increase At A CAGR Of 6.3% During The Forecast Period From 2022 To 2032

Brushless DC Motors Market Outlook

The worldwide brushless DC motor market was estimated at US$ 18 Billion in 2021 and is predicted to increase at a CAGR of 6.3% during the forecast period from 2022 to 2032. As of 2022, the industry is forecast to be valued at US$ 19 Billion, representing a Y-o-Y increase of 5.5%.

Brushless DC (BLDC) motors’ capacity to save energy and improve the operating efficiency of the equipment in which they are employed is likely to fuel market expansion throughout the forecast period. These motors provide maximum efficiency and dependability, proving to be cost effective in the majority of applications such as window lifters, air conditioners, and sun-roof actuators. These motors are thermally durable, need little maintenance, and run at low temperatures, removing the risk of sparks.

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Key Segments Covered in the Brushless DC Motors Industry Report

Competitive Landscape

Market participants are focusing on the growing demand for power generation in developing economies. With a growing population and customer awareness of efficient and eco-friendly products, manufacturers in developing nations are incorporating brushless DC motors into their products. Product attributes such as pricing, energy efficiency, certifications, and regulatory compliance stimulate competition. The following are examples of major organizations that shape the competitive landscape:

 

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