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Saudi Arabia Brushless Dc Motor Market

Saudi Arabia Brushless Dc Motor Market

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Saudi Arabia Brushless DC Motor Market - By Type (Inner Rotor, Outer Rotor); By Power Range (0–750W, 751W–3KW, More than 3KW); By Speed (<500 RPM, 501–2000 RPM, 2001–10000 RPM, >10000 RPM); By End User (Automotive, Consumer Electronics, Industrial Machinery, Healthcare), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: January 2023
  • Report ID: BWC23010
  • Available Format: PDF
  • Page: 107

Report Overview

Increasing usage and applicability of brushless DC (BLDC) motors and surging demand for cost-effective, energy-efficient, and environment-friendly energy motor are projected to propel the expansion of Saudi Arabia brushless DC motor market at a steady growth rate during the forecast period between 2023 and 2029.

Saudi Arabia Brushless DC Motor Market - Industry Trends & Forecast Report, 2029

 

Saudi Arabia brushless DC (BLDC) motor market size is expected to expand at a CAGR of 10.4% during the forecast period between 2023 and 2029. Major growth factors for Saudi Arabia brushless DC motor market include the growing industrial applications of brushless DC motors, the global acceptance of these energy-efficient motors in HVAC, automotive, and electronics applications, and the automobile industry's transition to electric vehicles. Brushless DC motors are also thermally resistant, require little maintenance, operate at low temperatures, eliminate the risk of sparks, have high torque and RPM, and provide various benefits, such as improved consistency, longer lifespan, reduced noise, energy conservation, and increased equipment operational efficiency, which are expected to drive market growth in the coming years. The growing urban population, increased consumer awareness of eco-friendly products, and government measures to encourage the adoption of electric vehicles to minimize carbon footprint are expected to significantly boost the growth of Saudi Arabia brushless DC motor market.

Saudi Arabia Brushless DC Motor Market – Overview

Brushless direct current (BLDC) motors are synchronous electronically commutated motors (ECMs) that run on direct current (DC) via an inverter or switching power supply. Brushless DC motors are driven by a closed-loop controller that converts direct current (DC) to alternating current (AC). In comparison to other traditional motors, BLDC motors are composed of rotors, stators, sensors, and permanent magnets that provide a high power-to-weight ratio, high speed, and electronic control. These motors are thermally resistant, require minimal maintenance, perform at low temperatures, eliminate the risk of sparks, and have high torque and rpm. They provide numerous advantages such as increased consistency, longer lifespan, reduced noise, energy conservation, and enhanced operational efficiency of equipment. Brushless DC motors are widely employed in a variety of end-use industries, including marine, automotive, chemicals, paper & pulp, food processing, electronics manufacturing, semiconductors, aerospace, and healthcare.

 

Saudi Arabia Brushless DC Motor Market

Growth Drivers

Increasing demand for sensor-less control

Brushless DC motors are lighter and compact owing to sensor-less control. This unique product characteristic will increase mainstream adoption due to the lower production costs and higher dependability and durability of brushless DC motors. Torque ripple reduction is a top priority for the world's most successful businesses. Market participants employ technologies such as direct torque control, dynamic input voltage, torque estimation circuitry, and artificial neural networks. Furthermore, Torque ripple will be reduced, which will stimulate the usage of brushless DC motors in low-speed applications where torque ripple limits product performance. Sensor-less controls for BLDC type are expected to boost product longevity and dependability by reducing the number of mechanical misalignments, electrical connections, as well as the end product's weight and size.

Restraints

High cost of brushless DC motors and controllers

Brushless DC motors are expensive than other types of motors as they need electric controllers to operate smoothly. These motors are intended for usage in applications where they will replace low-cost brushed DC motors. Though brushed DC motors are inexpensive, their brushes wear out from rubbing against the contact point and axles, reducing their performance. As a result, the rising price of brushless DC motors and the need for controllers in them is anticipated to limit the expansion of Saudi Arabia brushless DC motor market.

 Impact of COVID–19 on Saudi Arabia Brushless DC Motor Market

The COVID-19 had a detrimental impact on brushless DC motor market due to closure of production lines in various industries. The decline in demand for industrial equipment due to the disruption in the supply chain induced by the lockdowns implemented worldwide to prevent the virus from spreading is anticipated to stymie the growth of the brushless DC motor industry. Furthermore, new product launches also suffered. However, the need for BLDC motors is expected to rise because of the increasing production and adoption of electric cars that employ BLDC motors. Furthermore, a surging demand for washing machines, air conditioners, and other electrical devices is expected to propel the market in the coming years.

Saudi Arabia Brushless DC Motor Market

Segmental Coverage

Saudi Arabia Brushless DC Motor Market- By Type

By type, Saudi Arabia brushless DC motor market is bifurcated into Inner Rotor and Outer Rotor segments. The inner rotor segment holds a higher market share during the forecast period due to its increased use in industrial robots as a result of the increasing trend of industrial automation and technological improvement in robotics.

Saudi Arabia Brushless DC Motor Market

Saudi Arabia Brushless DC Motor Market - By Power Range

By power range, Saudi Arabia brushless DC motor market is divided into 0–750W, 751W– 3KW, and More than 3KW segments. The 0–750W segment is expected to hold the highest market share because of the growing usage and adoption of these motors in numerous applications, such as fans, pumps, compressors, machine tools, domestic appliances, electric cars, HVAC applications, power tools, and automated robots in automotive and healthcare industries.

Saudi Arabia Brushless DC Motor Market- By Speed

By speed, Saudi Arabia brushless DC motor market is segmented into <500 RPM, 501–2000 RPM, 2001–10000 RPM, and >10000 RPM. The 2001–10000 RPM segment is expected to dominate the market due to surging demand and its diverse applications in medical equipment such as gas analyzer membrane pumps, dentistry tools, anesthetic ventilators, and breathing system pumps. They are also employed in industrial applications and household appliances, which will contribute to their continued expansion during the period in analysis.

Saudi Arabia Brushless DC Motor Market - By End User

Based on end user, Saudi Arabia brushless DC motor market is divided into Automotive, Consumer Electronics, Industrial Machinery, and Healthcare. The automotive segment is expected to dominate the market because of boost in sales of electric vehicles due to increasing consumer awareness about eco-friendly products and government initiatives encouraging the use of green vehicles to reduce carbon footprint. Furthermore, the widespread use of various motor types and specifications for various applications in the automotive industry is accelerating the expansion of the Saudi Arabia brushless DC motor market in the automotive segment.

Saudi Arabia Brushless DC Motor Market Share

Competitive Landscape

Saudi Arabia brushless DC motor market is fiercely competitive. Prominent players in the market include ABB, Siemens, Brilltech Vayu, FAULHABER GROUP, NIDEC CORPORATION, Toshiba Tec Corporation, ElectroCraft, Inc., Maxon, and ARC Systems Inc. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

Saudi Arabia

Product/ Service Segmentation

Type, Power Range, Speed, End User

Key Players

ABB, Siemens, Brilltech Vayu, FAULHABER GROUP, NIDEC CORPORATION, Toshiba Tec Corporation, ElectroCraft, Inc., Maxon, ARC Systems Inc.

 

By Type

  • Inner Rotor

  • Outer Rotor

By Power Range

  • 0–750W

  • 751W–3KW

  • More than 3KW

By Speed 

  • <500 RPM

  • 501–2000 RPM

  • 2001–10000 RPM

  • >10000 RPM

By End User 

  • Automotive

  • Consumer Electronics

  • Industrial Machinery

  • Healthcare

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Brushless DC Motor Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rise in the usage and applicability of brushed DC motors
        2. Surge in the demand for cost effective, energy efficient and environment friendly energy motor
        3. Others
      2. Restraints
        1. High cost of brushless DC motors
      3. Opportunities
        1. Growing research and development activities
        2. Increasing conversion of the automotive industry to electric vehicles
      4. Challenges
        1. Easy availability of low quality and inexpensive brushless DC motors
    3. Technological Advancement/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Brushless DC Motor Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Inner Rotor
        2. Outer Rotor
      2. By Power Range
        1. 0750W
        2. 751W3KW
        3. More than 3KW
      3. By Speed  
        1. <500 RPM
        2. 5012000 RPM
        3. 200110000 RPM
        4. >10000 RPM
      4. By End User 
        1. Automotive
        2. Consumer Electronics
        3. Industrial Machinery
        4. Healthcare
        5. Others
  5. Competitive Landscape
    1. List of Key Players and Their Range
    2. Saudi Arabia Brushless DC Motor Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership, and others)
  6. Impact of Covid-19 on Saudi Arabia Brushless DC Motor Market Industry
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. ABB
    2. Siemens
    3. Brilltech Vayu
    4. FAULHABER GROUP
    5. NIDEC CORPORATION
    6. Toshiba Tec Corporation
    7. ElectroCraft, Inc.
    8. Maxon
    9. ARC Systems Inc.
    10. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

List of Figures

Figure 1        Saudi Arabia Brushless DC Motor Market Segmentation            

Figure 2        Saudi Arabia Brushless DC Motor Market Value Chain Analysis            

Figure 3        Company Market Share Analysis, 2022               

Figure 4        Saudi Arabia Brushless DC Motor Market Size, By Value (USD Million), 2019–2029               

Figure 5        Saudi Arabia Brushless DC Motor Market Share, By Type, By Value, 2019–2029                  

Figure 6        Saudi Arabia Brushless DC Motor Market Share, By Power Range, By Value, 2019–2029               

Figure 7        Saudi Arabia Brushless DC Motor Market Share, By Speed, By Value, 2019–2029                 

Figure 8        Saudi Arabia Brushless DC Motor Market Share, By End User, By Value, 2019–2029   

 

List of Tables          

Table 1         Saudi Arabia Brushless DC Motor Market Size, By Type, By Value, 2019–2029 

Table 2         Saudi Arabia Brushless DC Motor Market Size, By Power Range, By Value, 2019–2029         

Table 3         Saudi Arabia Brushless DC Motor Market Size, By Speed, By Value, 2019–2029         

Table 4         Saudi Arabia Brushless DC Motor Market Size, By End User, By Value, 2019–2029     

Table 5         ABB Company Overview     

Table 6         ABB Financial Overview      

Table 7         Siemens Company Overview

Table 8         Siemens Financial Overview

Table 9         Brilltech Vayu Company Overview  

Table 10        Brilltech Vayu Financial Overview   

Table 11        FAULHABER GROUP Company Overview   

Table 12        FAULHABER GROUP Financial Overview    

Table 13        NIDEC CORPORATION Company Overview

Table 14        NIDEC CORPORATION Financial Overview 

Table 15        Toshiba Tec Corporation Company Overview       

Table 16        Toshiba Tec Corporation Financial Overview        

Table 17        ElectroCraft, Inc. Company Overview       

Table 18        ElectroCraft, Inc. Financial Overview        

Table 19        Maxon Company Overview  

Table 20        Maxon Financial Overview   

Table 21        ARC Systems Inc. Company Overview      

Table 22        ARC Systems Inc. Financial Overview       

                       

                       

Market Segmentation

By Type

  • Inner Rotor

  • Outer Rotor

By Power Range

  • 0–750W

  • 751W–3KW

  • More than 3KW

By Speed 

  • <500 RPM

  • 501–2000 RPM

  • 2001–10000 RPM

  • >10000 RPM

By End User 

  • Automotive

  • Consumer Electronics

  • Industrial Machinery

  • Healthcare

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Frequently Asked Questions (FAQs):

Ans: The automotive segment accounted for the highest market share in Saudi Arabia Brushless DC Motor Market by end user.
Ans: Major factors driving the growth of Saudi Arabia Brushless DC Motor Market include increasing usage and applicability of brushed DC motors and surging demand for cost effective, energy efficient and environment friendly energy motor.
Ans: During the forecast period between 2023 and 2029, Saudi Arabia Brushless DC Motor Market size is projected to grow at a CAGR of 10.4%.
Ans: Key players in Saudi Arabia Brushless DC Motor Market include ABB, Siemens, Brilltech Vayu, FAULHABER GROUP, NIDEC CORPORATION, Toshiba Tec Corporation, ElectroCraft, Inc., Maxon, and ARC Systems Inc.