Brushless DC Motor Market Size To Hit USD 26.3 Billion By 2028
San Francisco, 4 May 2021: The Report Brushless DC Motor Market Size, Share & Trends Analysis Report By Power Output (Above 75 kW, 0-750 Watts), By End-use (Motor Vehicles, Industrial Machinery), By Region, And Segment Forecasts, 2021 - 2028 The global brushless DC motor market size is expected to reach USD 26.3 billion by 2028, registering a CAGR of 5.7% from 2021 to 2028, 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, electric...