Global sales of frameless brushless DC motors are set to be valued at US$ 11.73 Bn in 2021, with stable long-term projections, according to latest insights from Persistence Market Research. The report estimates the market to expand at over 4% CAGR through 2031. Demand is especially high for use in industrial drives and the automotive industry, with the inner core motor winding type accounting for around two-third of overall sales. South Asia & Pacific leads the global frameless brushless DC motor market, followed by North America and Europe.
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Sales growth for frameless brushless DC motors waned in 2020, owing to COVID-19 economic impact, wherein, related verticals and supply chain mechanisms got disrupted, resulting in end-user demand slowdown. The anticipated degree of market growth remains to be optimistic with the resumption of production activities in several end-use industries in the last 2 financial quarters. As such, 2021 will witness close to normal market growth.
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