Global Brushless DC Motor Market (2021 to 2026) - Featuring Ametek, Woodward and Johnson Electric Among Others
Dublin, July 21, 2021 (GLOBE NEWSWIRE) -- The "Brushless DC Motor Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com''s offering. The global brushless DC motor market is projected to have a compound annual growth rate of 9.17%, from US$22.859 billion in 2019 to US$42.249 billion in 2026. The main features of the brushless DC motors that make them so demanding in the market is that it reduces the energy consumption and hence, improves the efficiency in operations. This further boosts the demand for the brushless DC motors in the market. The market of brushless DC motor is expected to drive by government policies for environment friendly vehicles, increasing demand from the automotive industry, and improving the energy efficiency. In automobile industry, the increasing demand for the facilities such as wipers, mirrors, doors, and so on, is boosting the demand and growth of the brushless DC motor market. The growth of the market can be restrained by relatively higher cost of the brushless DC motor as compared to the convention DC motors with brush.
Global Brushless DC Motor Market (2021 to 2026) - Featuring Ametek, Woodward and Johnson Electric Among Others
Dublin, July 21, 2021 (GLOBE NEWSWIRE) -- The "Brushless DC Motor Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com''s offering. The global brushless DC motor market is projected to have a compound annual growth rate of 9.17%, from US$22.859 billion in 2019 to US$42.249 billion in 2026. The main features of the brushless DC motors that make them so demanding in the market is that it reduces the energy consumption and hence, improves the efficiency in operations. This further boosts the demand for the brushless DC motors in the market. The market of brushless DC motor is expected to drive by government policies for environment friendly vehicles, increasing demand from the automotive industry, and improving the energy efficiency. In automobile industry, the increasing demand for the facilities such as wipers, mirrors, doors, and so on, is boosting the demand and growth of the brushless DC motor market. The growth of the market can be restrained by relatively higher cost of the brushless DC motor as compared to the convention DC motors with brush.