Global Precision Electric Motors (Brushless) Market to Grow at 12.7% CAGR between 2014 and 2020

Published: Fri 22 May 2015
A blog entry by john warner

Contributed by:

john warner
Research Analysist
Transparency Market Research

john warner's Blog

Precision brushless electric motors are electric alternatives for old-style brushes that tend to wear off after a certain period of time due to mechanical wear and tear. It is a type of electric motor driven by an electrical input that does not have any form of slip ring. Precision brushless electric motors are high-performance motors offering an easy installation process and very low, or indeed barely any maintenance cost. They also have characteristics such as a longer shelf life than brushes, reduced energy costs, and lower levels of noise, which have made them popular. The primary use of these motors is to be found in applications concerning speed regulation, since they are customized for a precise output.

 

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Industrial Machinery to Boost Global Precision Electric Motors (Brushless) Market

 

The global precision electric motors (brushless) market was evaluated at US$25.45 billion in 2014 and is anticipated to grow at a 12.7% CAGR between the years 2014 and 2020. The rising demand for efficient motors with a high performance and regulations concerning energy consumption for the sake of environment protection has boosted the global demand from the precision electric motors (brushless) market.

 

Among its many applications, the largest market share is claimed by industrial machinery, whereas defense, automotive, and aerospace are envisioned to be the fastest growing applications due to their increasing presence around the world. The use of standard efficient motors is declining, to be replaced by the highly efficient and premium-precision electric motors. This shift has directly help increase the revenue of precision electric motors manufacturers.

 

High-powered brushless electric motors are found in hybrid vehicles, ventilation systems, and industrial engineering. The global precision electric market is categorized on the basis of types into AC and DC brushless motors. AC brushless motors are controlled by complex algorithms that include mathematical capabilities, whereas DC brushless motors are controlled by simply switching commutation logic. Owing to this, DC brushless motors held the larger market revenue share in the global market in 2014 and it is also anticipated to remain the market leader in the forecast period from 2014 to 2020. The application of DC brushless motors in chassis and power-trains in cars is boosting the demand for this segment owing to the booming auto industries around the world.

 

 

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Asia-Pacific to Dominate Precision Motors Market till 2020

 

The global precision electric motors (brushless) market is segmented geographically into four sections, namely North America, Europe, Asia Pacific and the Rest of the World. In 2014, Asia Pacific led the global market and is anticipated to be the fastest growing region and hence remain the dominant regional market till 2020. The flourishing industrialization and increase in the disposable income in countries such as India, China, Indonesia, and several others has accelerated the growth of the precision electric market in Asia Pacific. In North America and Europe, the demand for precision electric motors is rising, but at a slower pace. The firm regulations regarding electricity consumption and government incentive programs for outdated electric motors are contributing to the growth of the market in these regions. This may boost the global market for precision electric motors (brushless) market in the forecast period.

 

The global precision electric motors (brushless) market is segmented on the basis of its application into industrial machinery, defense, aerospace, automotive, healthcare, household appliances, and others. Due to an increased demand from all the segments, many manufacturing plants have been initiated in China, Brazil, India and Russia, amongst others. The major players in the precision electric motors (brushless) industry include Yaskawa Electric Corporation, Omron Corporation, Regal Beloit Corp., Nidec Corporation, Baldor Electric Company, and some upcoming entrants in the market.

 

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