Posted 1/8/2024, 10:30:00 AM
Brushless Motor Market to Reach $17.6B by 2028 Driven by Precision, Efficiency Gains
- Brushless DC Motor Market expected to reach $17.6 billion by 2028, growing at a CAGR of 7.9%
- Increasing adoption driven by precise speed control, low maintenance, and high efficiency
- Inner rotor motors dominate market share due to compact design, higher power density, and superior efficiency
- Consumer electronics second fastest growing segment due to demand for energy-efficient, compact solutions
- North America expected to be second largest region due to automation and electric vehicle growth