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Precision Electric Motors

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Global precision electric motors (brushless) market was valued at USD 25.45 billion in 2014, growing at a CAGR of 12.7% from 2014 to 2020. Precision electric motors (brushless) are basically the electric motors without any brushes to wear out. Incr
Transparency Market Research
Industrial Machinery to Boost Global
Precision Electric Motors (Brushless)
Market
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Precision brushless electric motors are electric alternatives for old-style brushes that tend to wear off after a certain
period of time due to mechanical wear and tear. It is a type of electric motor driven by an electrical input that does
not have any form of slip ring. Precision brushless electric motors are high-performance motors offering an easy
installation process and very low, or indeed barely any maintenance cost. They also have characteristics such as a
longer shelf life than brushes, reduced energy costs, and lower levels of noise, which have made them popular. The
primary use of these motors is to be found in applications concerning speed regulation, since they are customized
for a precise output.
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The Global Precision Electric Motors Market stood at US$22.6 bn in 2013 and is predicted to reach US$52.2 bn by
2020. It is expected to expand at a CAGR of 12.70% between 2014 and 2020.
The increasing manufacture of defense and aerospace equipment, home appliances, motor vehicles, and other
electric-motor-driven systems have raised the demand for precision electric motors, thus boosting the market. The
utilization of precision electric motors within medical diagnostic applications and the rising demand for industrial
robots are poised to bring in new opportunities for the market in the forthcoming years. On the other hand, the
rising cost of precision electric motors will impede the growth of the market in the coming years.
The market of precision electric motors (brushless) is expected to grow at a slower pace in North America and
Europe. The demand for precision electric motors (brushless) is expected to rise due to the replacement of out-dated
low efficient electric motors with highly efficient precision electric motors. In addition, the stringent energy
consumption regulations and environment protection acts are the major factors that are driving the precision electric
motors (brushless) market globally.
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
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In terms of motor type, the precision electric motors market is segmented into DC brushless motors and AC
brushless motors. Amongst these, DC brushless motors can be controlled using simple switching commutation logic,
while AC brushless motors are controlled via complex algorithms requiring mathematical capabilities. In 2014, DC
brushless motors held the biggest share of US$21.2 bn in the market in terms of revenue and are predicted to
maintain their superiority in the forecast period. The reason for the dominance of DC brushless motors is their
increasing application in powertrains and chassis within cars.
In terms of application, the precision electric motors market is segmented into industrial machinery, automotive,
defense and aerospace, household appliances, healthcare, and others. In 2013, on the basis of revenue, the
industrial machinery segment represented a share of 25% in the market for precision electric motors. This segment
also held the biggest share in the market in 2014 and stood at a valuation of US$6.7 bn. The superiority of this
segment is attributed to the rising manufacture of industrial machinery, particularly in the developing nations of
Brazil, Russia, and China, among others.
The prominent players dominant in the market include Yaskawa Electric Corporation, Baldor Electric Company, Nidec
Corporation, Omron Corporation, and Regal Beloit Corp., among others.
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