Albany, NY -- (SBWIRE) -- 05/12/2015 -- Global precision electric motors (brushless) market was valued at USD 22.69 billion in 2013; growing at a CAGR of 12.7% from 2014 to 2020 to account for USD 52.22 billion in 2020.

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Precision electric motors are high performance electric motors having characteristics such as increased shelf life, reduced noise, and reduced energy cost. Moreover, the precision electric motors (brushless) offers easy installation and no maintenance cost. The need for energy efficient motors is escalating globally owing to the introduction of stringent electricity utilization standards and mounting electricity prices. In addition, intensifying production of motor vehicles, defense and aerospace equipment and home appliances and other electric motor driven systems are increasing the demand for precision electric motors (brushless) globally. However, high initial purchase cost and deterioration of position control precision are posing a challenge to the growth of precision electric motors (brushless) market.

Precision electric motors (brushless) are segmented on the basis of types, into DC brushless motors and AC brushless motors. DC brushless motors led the global precision electric motors (brushless) market by accounting for USD 21.29 billion in the year 2014. DC brushless motors segment is expected to grow at a faster rate than the other segment, owing to its increase in the usage in chassis and powertrain applications in cars globally. In addition, DC brushless motors are optimally controlled with the help of simple switching commutation logic, whereas AC brushless motors require complex algorithms that require mathematical capabilities.

The industrial machinery segment held the largest market revenue share accounting to USD 6.74 billion in the year 2014. In 2013, industrial machinery accounted for more than 25% of the revenue share in the overall precision electric motors (brushless) market by application. Growing business and rapid industrialization in the emerging economies of Asia-Pacific and the Rest of the World region are further expected to drive growth in the precision electric motors (brushless) market over the forecast period from 2014 to 2020. The automotive and defense and aerospace segments are expected to grow at a faster rate than the other segments. Automotive segment is expected to be the fastest growing application segment due to the increase in sales of electric and hybrid vehicles throughout the expected period, i.e., 2014 to 2020.

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Geographically, Asia-Pacific led the global precision electric motors (brushless) market accounting for USD 11.29 billion in 2014. This region is expected to maintain its dominance in 2020 and is also expected to be the fastest growing regional market over the next six years in the precision electric motors (brushless) market globally. The increase in manufacturing of precision electric motors (brushless) obsessed systems such as industrial machinery, household appliances and motor vehicles in major countries are mainly contributing to the growth of precision electric motors (brushless) market in Asia-Pacific region.

Major market participants in the precision electric motors (brushless) market include Baldor Electric Company, Yaskawa Electric Corporation, Nidec Corporation, Regal Beloit Corp., and Omron Corporation among others.

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

Precision Electric Motors (Brushless) Market: by Geography

North America
Europe
Asia-Pacific
Rest of the World

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