Frameless Brushless DC Motor Market to Surge with 4.6% CAGR, Projected to Hit US$ 14.94 Billion by 2034: Fact.MR Report
Lower Maintenance Requirements of Frameless Brushless DC Motors Driving Their Preference over Brushed Motors
Rockville, Jan. 24, 2024 (GLOBE NEWSWIRE) — The global frameless brushless DC motor market stands is estimated at US$ 9.53 billion in 2024, according to a new study published by Fact.MR, a market research and competitive intelligence provider. Worldwide sales of frameless BLDC (brushless DC) motors are forecasted to rise at 4.6% CAGR from 2024 to 2034.
Several industries, including consumer electronics, medical equipment, and robotics, are adopt frameless brushless DC motors and the trend is only expected to grow over the coming years. These industries concentrate on energy-efficient solutions to minimize carbon emissions therefore adoption of frameless brushless DC motors is increasing owing to their higher efficiency than conventional motors.
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9292
The aerospace, automotive, and manufacturing sectors are adopting automation solutions to rely on precise, high-torque, and compact motors, thereby serving as one of the prominent market growth drivers. Adoption of renewable energy sources, including solar and wind power, is predicted to lead to the use of frameless brushless DC (BLDC) motors in respective systems, such as wind turbines and solar trackers.
Frameless brushless DC motors generally need less maintenance compared to brushed motors. However, replacing or repairing them can become a complex process owing to their integration into multiple systems.
| Report Attribute | Details |
| Value Projection (2034) | US$ 14.94 Billion |
| Growth Rate (2024-2034) | 4.6% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 84 Tables |
| No. of Figures | 112 Figures |
Key Takeaways from Market Study
- The global frameless brushless DC motor market is pegged at US$ 9.53 billion in 2024.
- Worldwide demand for frameless brushless DC motors is predicted to reach a market valuation of US$ 14.94 billion by the end of 2034.
- The market is projected to expand at a CAGR of 4.6% from 2024 to 2034.
- East Asia is forecasted to hold 36.2% share of the global market by 2034.
- Sales of frameless brushless DC motors in the United States are forecasted to rise at 4.8% CAGR and reach US$ 2.86 billion by 2034-end.
- The industrial devices segment is projected to account for 25.4% share of global market revenue by the end of 2034.
“Innovations in manufacturing processes and materials are predicted to enhance the durability and efficiency of frameless brushless DC motors and reduce production costs,” says a Fact.MR analyst.
Key Market Players
- Allied Motion Technologies,
- Mclennan Servo Supplies Ltd.,
- Electro Kinetic Design Ltd.,
- Woodward Inc.,
- Sensata Technologies,
- Arc Systems Inc.,
- Aerotech Inc.,
- Moog Inc.,
- H2W Technologies,
- Parker Hannifin Corp.
Rapid Growth of Electric Vehicle Industry Generating Opportunities in East Asia
East Asia is projected to hold a noteworthy share of the global market because of the rising demand for electric vehicles. In addition, the increasing adoption of automation in several industries, including consumer goods, is projected to drive frameless brushless DC motor market growth.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=9292
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the frameless brushless DC motor market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on motor winding (inner core, outer core), application (pumps, compressors, robotics, fans & blowers, printers & scanners, medical devices, automated doors), and end use (industrial devices, HVAC, consumer goods & appliances, automotive, aerospace, healthcare), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
Explore More Related Studies Published by Fact.MR Research:
Motor Driver IC Market: The global motor driver IC market is likely to reach a valuation of US$732.2 million in 2022 and is expected to progress at a CAGR of 6.9% to reach US$ 1,567.3 million by the end of 2032.
Motor Lamination Material Market: Growing demand for high motor efficiency is expected to create demand for novel motor lamination materials.
Motor Protection Devices Market: The global motor protection devices market is majorly driven by the rising demand for motors across the globe along with increasing importance for safety.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: [email protected]
Follow Us: LinkedIn | Twitter | Blog
