The Frameless Brushless DC Motors Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
New York, NY -- (SBWIRE) -- 03/13/2017 -- Frameless Brushless DC Motors Market: Drivers and Restraints
The Frameless Brushless DC Motors market is being driven by the increasing demand for electric vehicles globally. The frameless brushless DC motors offer low maintenance. These motors have excellent thermal resistance and can operate at low temperatures which help to eliminate the danger of sparks while working. The growing awareness about the environment sustainability and pollution control is giving the boost to the demand for electric vehicles. Many companies from developed as well as developing companies are investing heavily in developing and manufacturing electric vehicles. The countries such as U.S., Japan, India, China, Germany, France, etc. are expected to create high demand for electric vehicles. Such demand for electric vehicles is projected to drive the global frameless brushless DC motors over the forecast period.
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The global frameless brushless DC motors market is highly fragmented. The presence of local and regional players, offerings products at a small margin is expected to hamper the growth of multinational players operating in global frameless brushless DC motors market. The high initial investment cost is expected to restrict the growth of frameless brushless DC motors market during the forecast period.
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The global frameless brushless DC motors can be segmented on the basis end users as industrial, consumer durables, automotive, aerospace and defense, and healthcare. The industrial end use segment is expected to grow at a significant CAGR during the forecast period. The growth in various automation systems such as building automation system has boosted the adoption of frameless brushless DC motors as it ensures stable operation and provides precise motion control. These factors are important for defining the operational efficiency of a particular system.
Frameless Brushless DC Motors Market: Key Players
-Mclennan Servo Supplies
-KOFORD Engineering LLC
-Allied Motion Technologies Inc
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-Motion Control Systems Inc.
-Arc Systems Inc.
Frameless Brushless DC Motors Market: Region Wise Outlook
The global Frameless Brushless DC Motors Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). The APEJ region is accounted for the largest share of the global frameless brushless DC motors market, and it is expected to grow at a higher CAGR during the forecast period. The increased production of electric vehicles in countries like China and India is fuelling the demand for frameless brushless DC motors. In APEJ region China is the leading country for the use of green vehicles. The North America frameless brushless DC motors market is expected to register a significant CAGR during the forecast period.
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