Global
precision electric motors (brushless) market was valued at USD 22.69
billion in 2013; growing at a CAGR of 12.7% from 2014 to 2020 to
account for USD 52.22 billion in 2020.
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Report with Full TOC at Precision Electric Motors Market
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Precision
electric motors are high performance electric motors having
characteristics such as increased shelf life, reduced noise, and
reduced energy cost. Moreover, the precision electric motors
(brushless) offers easy installation and no maintenance cost. The
need for energy efficient motors is escalating globally owing to the
introduction of stringent electricity utilization standards and
mounting electricity prices. In addition, intensifying production of
motor vehicles, defense and aerospace equipment and home appliances
and other electric motor driven systems are increasing the demand for
precision electric motors (brushless) globally. However, high initial
purchase cost and deterioration of position control precision are
posing a challenge to the growth of precision electric motors
(brushless) market.
Precision
electric motors (brushless) are segmented on the basis of types, into
DC brushless motors and AC brushless motors. DC brushless motors led
the global precision electric motors (brushless) market by accounting
for USD 21.29 billion in the year 2014. DC brushless motors segment
is expected to grow at a faster rate than the other segment, owing to
its increase in the usage in chassis and powertrain applications in
cars globally. In addition, DC brushless motors are optimally
controlled with the help of simple switching commutation logic,
whereas AC brushless motors require complex algorithms that require
mathematical capabilities.
The
industrial machinery segment held the largest market revenue share
accounting to USD 6.74 billion in the year 2014. In 2013, industrial
machinery accounted for more than 25% of the revenue share in the
overall precision electric motors (brushless) market by application.
Growing business and rapid industrialization in the emerging
economies of Asia-Pacific and the Rest of the World region are
further expected to drive growth in the precision electric motors
(brushless) market over the forecast period from 2014 to 2020. The
automotive and defense and aerospace segments are expected to grow at
a faster rate than the other segments. Automotive segment is expected
to be the fastest growing application segment due to the increase in
sales of electric and hybrid vehicles throughout the expected period,
i.e., 2014 to 2020.
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Geographically,
Asia-Pacific led the global precision electric motors (brushless)
market accounting for USD 11.29 billion in 2014. This region is
expected to maintain its dominance in 2020 and is also expected to be
the fastest growing regional market over the next six years in the
precision electric motors (brushless) market globally. The increase
in manufacturing of precision electric motors (brushless) obsessed
systems such as industrial machinery, household appliances and motor
vehicles in major countries are mainly contributing to the growth of
precision electric motors (brushless) market in Asia-Pacific region.
Major
market participants in the precision electric motors (brushless)
market include Baldor Electric Company, Yaskawa Electric Corporation,
Nidec Corporation, Regal Beloit Corp., and Omron Corporation among
others.
Precision
Electric Motors (Brushless) Market: by Type
- AC brushless motors
- DC brushless motors
Precision
Electric Motors (Brushless) Market: by Application
- Automotive
- Industrial machinery
- Household appliances
- Defense and aerospace
- Healthcare
- Others
Precision
Electric Motors (Brushless) Market: by Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
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Press Release Of Precision Electric Motors Market
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