Brushless DC Motor Market Is Estimated To Exhibit At USD 30,862.4 Million By 2030
San Francisco, 1 Dec 2023: The Report Brushless DC Motor Market Size, Share, & Trends Analysis Report By Power Output (Less than 750 Watt, 750 watt- 2.99kW, 3kW- 75 kW, Above 75kW), By End-use, By Region, And Segment Forecasts, 2023 - 2030 The global brushless DC motor market is expected to reach USD 30,862.4 million by 2030, registering a compounded annual growth rate (CAGR) of 6.5% from 2023 to 2030, according to a study conducted by Grand View Research, Inc. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. Low-cost maintenance, high efficiency at lower costs, and the rising adoption of Electric Vehicles (EVs) are some of the key factors driving the product demand over the forecast period. The emergence of sensor-less controls for brushless DC (BLDC) type is likely to boost the durability and reliability of the product, thereby reducing the number of mechanical misalignments, electrical connect