India Automotive Brushless DC Motors Market by Type, Speed, End-User - Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2029
Overview
India Automotive Brushless DC Motors Market BLDC is projected to reach US$ 1.85 Bn in 2029, and grow at CAGR of over 6.4% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Increasing the production of automobiles and preference for energy-efficient systems will drive the brushless DC motors during the forecast period. In most of the Indian automotive companies, latest technologies are significantly being used, growth of the brushless DC motors market can be attributed to the increased usage of brushless DC motors across major industries, continued growth in automobile production, the transition towards energy-efficient motors and high maintenance cost for brushed DC motors.
Brushless DC (BLDC) motors are increasingly replacing induction motor and brushed DC motors due to their larger efficiency, long life, smooth torque delivery, and high-speed operation. However, in the past, their application has been limited due to the additional cost of the complex motor controller necessary to operate these motors. Also, controller costs have been trending downward in recent years such that the application of brushless dc motors is on rising and expected to grow.
With the passage of time and new technology, it has become possible to reduce the brushes from DC motors. In a BLDC motor, permanent magnets are put on the rotor that moves around the stator. A controller/sensor is used to charge the stator coils as the shaft turns. BLDC motors are customized to meet customer's special requirements. Using cutting edge materials and sensors less technology, these motors provide high performance with features and solutions for the individual as well as industrial applications.
Electric rickshaws are recently becoming more popular in India since 2008 as an alternative to auto rickshaws and pulled rickshaw because of their low fuel cost, and less human effort compared to pulled rickshaws. These are being widely accepted as an alternative to Petrol/Diesel/CNG auto-rickshaws. 3 wheels pulled by an electric motor ranging from 650-1400 Watts. These are being widely used in India, but those are being mostly manufactured in China, only a few other countries manufacture these vehicles.
Maxon motor is one of the leading players operated in India for brushless DC motor, they develop and build electric drives that pack some real power. Maxon’s DC motors are leading the industry worldwide. They are used wherever the requirements are high and engineers cannot afford compromises: Maxon motors drive NASA's Mars rovers. They are established in high-precision industrial applications, race cars.
The objective of the report is to present a comprehensive analysis of the India Automotive Brushless DC Motors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding India Automotive Brushless DC Motors Market dynamics, structure by analyzing the market segments and project the India Automotive Brushless DC Motors Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the India Automotive Brushless DC Motors Market make the report investor’s guide.
India Automotive Brushless DC Motors Market BLDC Scope: Inquire before buying
| India Automotive Brushless DC Motors Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 1.2 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 6.4% | Market Size in 2029: | US $ 1.85 Bn. |
| Segments Covered: | by Type | Inner Rotor Brushless DC Motors Outer Rotor Brushless DC Motors |
|
| by Speed | <500 RPM 501 – 2000 RPM 2001 – 10000 RPM >10000 RPM |
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| by End-User | Automotive | ||
India Automotive Brushless DC Motors Market BLDC Key Players:
1. johnson Electric
2. Ametek
3. Nidec Corporation
4. Minebea
5. Allied Motion Technologies Inc.
6. Maxon Motor
7. COMPAGE automation system pvt. ltd
Frequently Asked Questions:
1. Which region has the largest share in India Automotive Brushless DC Motors Market?
Ans: Asia Pacific region held the highest share in 2022.
2. What is the growth rate of India Automotive Brushless DC Motors Market?
Ans: The India Automotive Brushless DC Motors Market is growing at a CAGR of 6.4 % during forecasting period 2023-2029.
3. What is scope of the India Automotive Brushless DC Motors Market report?
Ans: India Automotive Brushless DC Motors Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in India Automotive Brushless DC Motors Market?
Ans: The important key players in the India Automotive Brushless DC Motors Market are – johnson Electric, Ametek, Nidec Corporation, Minebea, Allied Motion Technologies Inc., Maxon Motor, and COMPAGE automation system pvt. Ltd
5. What is the study period of this Market?
Ans: The India Automotive Brushless DC Motors Market is studied from 2022 to 2029.