#brushless dc motor 2019

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Rising adoption of the electric vehicles to reduce the carbon emission along with ongoing transition toward adoption of automated technologies across...

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BLDC motors are electronically commutated motors, in which its rotational velocity is in synchronization with the frequency of the direct current.

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Rising adoption of the electric vehicles to reduce the carbon emission along with ongoing transition toward adoption of automated technologies across manufacturing industries will proliferate the global brushless DC motor industry

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Electric Coolant Pumps Procurement Intelligence: Trends and Insights

The electric coolant pumps category is expected to grow at a CAGR of 16.5% from 2023 to 2030. In 2022, the Asia Pacific region dominated the e-pumps category with 40% of the total share. Some of the key factors influencing the sales of electric vehicles (EVs) include the rising levels of vehicle pollutants, rising fuel prices, and the incentives provided by different governments to encourage the use of EVs. All these factors are in turn driving the demand for electric coolant pumps. Fluctuations in the prices of raw materials are expected to hamper the category's growth.

Supply chain problems in various regions, particularly in Europe, were aggravated by the Russian-Ukrainian war in 2022. This in turn affected the general pricing dynamics of the electric pump category. Germany was obliged to severely scale back or, in some cases, cease its automotive activities as a result of the crisis, which made the country's economy worse. Raw materials are sourced from different countries, which means the supply and cost of these raw materials are highly vulnerable to fluctuations in commodity markets and currency exchange rates. Customizations and modifications, the types of rotors and motor material utilized, vehicle type/application (such as EV or commercial vehicles), material thickness, etc. are a few more aspects that may also have an impact on the final cost.

Suppliers actively launch new products with better thermal capabilities, collaborate or engage with different OEMS, expand product lines, etc. A few examples are:

• In November 2022, Robert Bosch added 10 new variants to its electric coolant pump portfolio. The company has been continuously expanding its coolant pump range since 2019. Over the last three years, the company has added 39 variants of coolant pumps to the range. The company’s electric coolant pump portfolio consists of 50 variants, with 14 variants, especially for hybrid and electric vehicles. The entire range caters to 60% of passenger cars and vans in Europe.

• In September 2022, Engineered Machine Products (EMP), a subsidiary of Concentric AB, introduced high-voltage water pumps for application in large vehicles (mainly heavy duty). The new electric pumps, designated WP150 HV, are constructed to operate at a high voltage of 500 to 850V. It has a maximum output of 3kw of power, depending on the application requirements.

• In April 2022, an order was awarded to Concentric AB for the distribution and creation of e-pumps for a global bus, truck, and construction OEM. The agreement envisaged Concentric providing high-voltage electric coolant pumps for FCEVs (Fuel Cell Electric Vehicles). The DC brushless coolant pumps would be used to cool fuel cells.

• In November 2021, Gates Corporation introduced the advanced thermal pro electric water pump for EVs. As a result of its "ThermalPro e-pump platform", the pump can be used for a variety of requirements between 100 W and 3 KW.

Order your copy of the Electric Coolant Pumps Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Electric Coolant Pumps Sourcing Intelligence Highlights

• The global electric coolant pumps category is highly fragmented. Several new announcements are being made in this e-pumps category along with the electric vehicle market. Manufacturers like BMW, Tesla, and Ford are concentrating on producing electric vehicles and manufacturing automotive components.

• The presence of significant players, such as Rheinmetall AG, Mahle, AISIN, and Gates Corporation, with a better hold on the market results in a moderate threat of new entrants. The need for high capital investment at the initial level to set up a new manufacturing plant and high R&D costs also hinder the entry of new players into the e-pumps category.

• Some of the major cost components are raw materials, technology, engineering, and design, machinery, electronics, and motors, labor, facilities, and transportation and distribution.

• The most preferred countries for sourcing electric coolant pumps are China, Mexico, and Germany.

List of Key Suppliers 

• Hanon Systems Co. Ltd

• Robert Bosch

• Rheinmetall AG.

• MAHLE GmbH

• Sanhua Automotive

• Hitachi Astemo, Ltd.

• AISIN CORPORATION

• Continental AG

• Johnson Electric Holdings Limited

• Dayco, LLC

• SHW AG

• Concentric AB

• Valeo

Browse through Grand View Research’s collection of procurement intelligence studies:

• Electric Vehicles (EVs) Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Electric Vehicle Charging Connector Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Electric Coolant Pumps Procurement Intelligence Report Scope

• Electric Coolant Pumps Category Growth Rate: CAGR of 16.5% from 2023 to 2030

• Pricing Growth Outlook: 10% - 15% (Annually)

• Pricing Models: Volume-based and contract-based model

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Voltage type, application, technology, material type, technical specifications, production capacity, operational capabilities, quality measures, certifications, data privacy regulations, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

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EC Fans for Cooling, Global Market Size Forecast, Top 15 Players Rank and Market Share

EC Fans for Cooling Market Summary

EC Fans are fans with EC technology. EC stands for Electronically Commutated, and it combines AC and DC voltages bringing the best of both worlds. EC fans applied high efficient brushless DC motors and those products’ power consumption reduced up to 80% compared with our conventional AC fans.

The EC Fans for Cooling market covers Less than 150 mm, 150-500 mm, Above 500 mm.

According to the new market research report “Global EC Fans for Cooling Market Report 2024-2030”, published by QYResearch, the global EC Fans for Cooling market size is projected to reach USD 2.96 billion by 2030, at a CAGR of 5.7% during the forecast period.

Figure.   Global EC Fans for Cooling Market Size (US$ Million), 2019-2030

Figure.   Global EC Fans for Cooling Top 15 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

According to QYResearch Top Players Research Center, the global key manufacturers of EC Fans for Cooling include Ebmpapst, Delta Fan, Sunon, Rosenberg Ventilatoren GmbH, Hidria, Yen Sun Technology Corporation, Oriental Motor, Sanju, Fly Upwards, Huaxia Hengtai, etc. In 2023, the global top 10 players had a share approximately 48% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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Electric Vehicle Motor Market : Industry Future Set To Massive Growth With High CAGR Value By 2032

The global electric vehicle motor market is worth US$ 8.68 Billion as of now and expected to reach US$ 18.09 Billion by the year 2032 at a CAGR of 8.5% between 2022 and 2032.

Electric vehicles are being increasingly asked for due to strict government regulations regarding carbon emissions. As per the European Climate Foundation, employment, with the expansion of electric vehicles, would cross 850K by the year 2030. Thus, increasingly adopting high-performance motors in the electric vehicles is bound to take the electric vehicle motor market to a new ‘High’ in the forecast period.

At the same time, high maintenance costs coupled with higher initial costs on the part of electric motor are bound to restrain the market going forward.

Though there are complexities involved, the electric vehicles are helpful in the long run. As renewable energy resources are depleting, electric vehicles are a good alternative. Electric vehicle motor market is an ancillary market to electric vehicles market. With exorbitant demand for electric vehicles, the electric vehicle motor market is expected to grow on an unstoppable note in the years to come. Future Market Insights has etched these findings with future perspectives in its latest market study entitled “Electric Vehicle Motor Market”.

For more information: https://www.futuremarketinsights.com/reports/electric-vehicle-drive-motor-market

Key Takeaways from Electric Vehicle Motor Market

North America holds the largest market share with the US alone contributing for more than 90%. This data, however, pertains to the year 2021. It could lose 162 BPS points by the year 2032, which would take its share to 89.7%.

Europe is expected to witness a CAGR of 20.1% in electric vehicle motor market in the forecast period with Germany expected to witness growth 6 times in 2032 to the year 2022. Luxury electric vehicles are expected to rule the roost.

Coming to the Asia-Pacific, China is expected to create a lucrative opportunity worth US$ 86.5 Bn between 2022 and 2032. The government has also started giving subsidies to facilitate the proliferation of electric vehicles.

AC motors holds the largest market share and the status quo will continue even in the forecast period due to stronger grip provided on the bumpy routes.

“With environmentally-friendliness being the top priority, the electric vehicle motor market is bound to grow at an astounding rate in the forecast period”, says an analyst at Future Market Insights. 

Competitive Motors

Mabuchi Motors, in June 2021, declared finishing 100% acquisition of Electromag SA for CHF 0.1 Mn or US$ 0.11 Mn.

Wolong Electric, in March 2020, did acquire small industrial motors’ business of GE for US$ 160 Mn with the objective of helping it to obtain a significant position in the market.

Nidec Corporation, in February 2020, tabled 2 novel traction motor systems; viz 50 kW Ni50Ex and 200 kW Ni200Ex based on original 150 kW E-Axle (100% integrated traction motor system encompassed with a reduction gearbox, an electric motor, and an inverter).

WEG, in October 2019, installed LV electric motor plant in Hosur (India). This new-fangled 13K square meter facility holds the capability of manufacturing 250K electric motors/year.

Allied Motion Technologies, in May 2019, came up with EnduraMax 75i Series, brushless DC motor comprising an all-digital integrated drive. The application areas include AGV vehicle traction/steering, rotary/linear actuators, medical patient-handling equipment, mobile HVAC blowers, pumps, and material handling systems.

ABB, in March 2019, floored stainless steel motors to address food and beverage plants. This motor is capable of forbearing high pressure spray with complete compatibility with the high standards.

TECO Westinghouse (Canada), in January 2018, announced entering into new distribution partnership with Westech Industrial for gaining access to uncharted and new markets all over Canada.

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Machine Vision Camera Market - Forecast 2022 - 2027

Machine Vision Camera Market Overview

Machine Vision Camera Market Size is forecast to reach $2.2 billion by 2027, at a CAGR of 9.9% during the forecast period 2022-2027. The need for inspection of flaws and controlling a specific task of industrial operations is motivating the utilization of Machine Vision Cameras in process control and quality control applications. Additionally, the growing penetration of automation, machine monitoring, real time process control solutions and robotics across various industries and rapid advancements in industrial technologies along with the need for higher productivity are boosting the deployment of Machine Vision Cameras. Machine vision cameras depend on digital sensors with specialized optics to capture images, in order to process, analyze, and measure various characteristics by using computer hardware and software for accurate decision making. The rising online shopping and e-commerce sales have contributed to the growth of the market in this region. According to Australian Bureau of Statistics data, online sales in Australia recorded a 55% rise in December 2020, when compared to last year data. Also, According to Australia Post’s Online Shopping Report published in January 2021, that over 5.6 million households shopped online in December 2020, a 21.3% higher when compared to 2019 data. A machine vision camera can easily inspect minute object details which are too small to be seen by human eye if it is built around the right resolution and optics. These systems based on both Complementary Metal-Oxide Semiconductor sensor and Charged Coupled device sensor encounter a wide range of applications in various industry verticals including oil& gas, aerospace, transportation, automotive among others and are able to serve their inspection needs with the available types such as PC-based and smart camera-based Machine Vision Cameras.

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Report Coverage The report: “Machine Vision Camera Market Report– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Brushless DC Motor market Report.

By Sensor Type: CCD, CMOS, MIG Sensor, N-Type MOS Sensor By Platform: Smart Camera, PC Based Camera, Wireless Camera, Wearable Camera By Camera Type: Line Scan Camera, Area Scan Camera By Process Type: 1D, 2D, 3D By Pixel Type: Less than 1MP, 1-3MP, 3-5MP, 5-8MP, 8-12MP, More than 12MP By Spectrum Type: Infrared, X-Ray, Visible Light and Others By Lens Type: Wide Angle Lens, Normal Lens, Telephoto Lens By Application: Quality Assurance and Inspection, Position Guidance, Measurement, Identification, Pattern Recognition and Others By End Users: Automotive, Electrical and Electronics, Healthcare, Consumer Electronics, Aerospace and Defense, Logistics, Security and Surveillance, Printing, ITS, Machinery, Packaging, Food and Beverage and Others By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia and Others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), and RoW (Middle East and Africa)

Key Takeaways

The rising need for advanced manufacturing in the U.S have increasingly demanded the use of Machine Vision Cameras. The market players are majorly opting for various strategies such as product launch, partnership and agreements and collaborations to gain market traction and further penetration to explore the hidden opportunities in upcoming trends including Industry4.0 Recognizing trends and irregularities in production processes early on machine vision paves the way for realizing the smart factory of the future. Machine vision ensures safety in production process as well as quality in the end product.

Machine Vision Camera Market Segment Analysis - By Lens Type

Based on the Lens type the Machine Vision Camera Market is segmented into wide-angle lens, normal lens, and telephoto lens. Wide Area Lens dominates the market with share of 39.4% in 2021. Growth in various machine vision applications such as mobile mapping, UAV-based inspections of power lines or facilities, and advanced automotive ADAS systems has driven demand for a wide-angle lens that provides a large field of view and high resolution. Telephoto lenses are dominating the market among the other lenses. This is owing to the increasing demand automotive and electronics industries for inspection of three-dimensional parts using machine vision.

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Machine Vision Camera Market Segment Analysis - By End Use Industry Automotive industry is expected to witness a highest CAGR of 14.1% the forecast period 2022-2027, owing to increasing investments, and funds for semiconductors offering opportunities for the adoption of automation technology which is further set to drive the demand of connectors in semiconductor industry. These systems encounter wide range of applications in various industry verticals including oil& gas, aerospace, transportation, automotive among others and are able to serve their inspection needs with the available types such as PC-based and smart camera based Machine Vision Cameras. Investments by the U.S automakers for strengthening of the manufacturing of automobiles with increasing integration of recent robotic vision technologies in vehicles is accompanying the growth of the robotic vision market in the U.S. Industry revenue is projected to continue grow due to this development.

Machine Vision Camera Market Segment Analysis - By Geography Machine Vision Camera market in Europe region held significant market share of 38% in 2021. The investments are rising for electric, connected and autonomous vehicles and this in turn The U.S. accounted a huge market base for Machine Vision due to the growing adoption of Machine Vision Camera technology by vision companies, and the companies continue to witness exploration for new applications in a variety of industries, thus driving the machine vision market driven by a push from companies such as Google and Verizon. The rising initiatives in Middle East and Africa for the increasing need of automation is set to propel the machine vision market. The growth of manufacturing industry in Africa and Middle East (AME) is expected to grow at a rate of 14.2% between 2021 and 2025 thereby significantly driving the market

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Machine Vision Camera Market Drivers

Growing Demand for Smart Cameras Smart cameras often support a Machine Vision Camera by digitizing and transferring frames for computer analysis. A smart camera has a single embedded image sensor. They are usually tailored-built for specialized applications where space constraints require a compact footprint. Smart cameras are employed for a number of automated functions, whether complementing a multipart Machine Vision Camera, or as standalone image-processing units. Smart cameras are considered to be an effective option for streamlining automation methods or integrating vision systems into manufacturing operations as they are cost-efficient and relatively easy to use. There is a huge demand for smart cameras in industrial production as manufacturers often use them for inspection and quality assurance purposes. Smart cameras are growing at a 9.7% CAGR with Machine vision being a premier use case. Thus, increasing demand for smart cameras will drive the Machine Vision Cameras market growth in various industrial applications.

Increasing need for quality products, high manufacturing capacity Machine Vision Cameras perform quality tests, guide machines, control processes, identify components, read codes and deliver valuable data for optimizing production. Modern production line are advanced and automated. Machine vision enables manufacturing companies to remain competitive and prevent an exodus of key technologies. Recognizing trends and irregularities in production processes early on machine vision paves the way for realizing the smart factory of the future. Machine vision ensures safety in production process as well as quality in the end product. As a result of this, according to an IDG survey by Insight, 96% of Companies surveyed think computer vision has the capability to boost revenue, with 97% saying this technology will save their organization time and money across the board.

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Machine Vision Camera Market Challenges

Lack of awareness among users and inadequate expertise The robotic vision technology is rapidly changing, with new technologies emerging constantly, and new tools coming to market incredibly fast to make tackling automation problems easier. In the past decade alone, the robotic vision market has seen the introduction of more advanced sensors in terms of both smaller pixels and larger sensors, software platforms that continues to be more accurate, and lighting which is growing brighter and becoming more efficient. The high cost of the research and development in robotic vision and the lack of awareness among users about the rapidly advancing robotic vision technology are key factors likely to hinder the market to an extent.

Machine Vision Camera Industry Outlook Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the market. Machine Vision Camera top companies includeCognex Omron Corp Sony Corp. Panasonic Corp. Hitachi Basler AG Keyence Corp. National Instruments Sick AG Teledyne Technologies FLIR

Recent Developments

In April 2021, Sick AG launched its first machine vision camera P621 2D equipped with AI technology for complex imaging tasks in surface mount assemblies. In March 2020, Sony launched GS CMOS cameras equipped with CMOS sensors used in integrated transport systems and biometrics. In June 2020, The company launched FH Series Vision system equipped with AI technology for the growing demand for labor-saving automated visual inspection during COVID-19 pandemic.

[aishavass]

Rising adoption of the electric vehicles to reduce the carbon emission along with ongoing transition toward adoption of automated technologies across...

[researchvishal]

Electric Vehicle Motor Market : Gross Margin, Cost, and Revenue Forecasts to 2032

The global electric vehicle motor market size is worth US$ 8.68 Billion as of now and expected to reach US$ 18.09 Billion by the year 2032 at a CAGR of 8.5% between 2022 and 2032.

Electric vehicles are being increasingly asked for due to strict government regulations regarding carbon emissions. As per the European Climate Foundation, employment, with the expansion of electric vehicles, would cross 850K by the year 2030. Thus, increasingly adopting high-performance motors in the electric vehicles is bound to take the electric vehicle motor market to a new ‘High’ in the forecast period.

At the same time, high maintenance costs coupled with higher initial costs on the part of electric motor are bound to restrain the market going forward.

Though there are complexities involved, the electric vehicles are helpful in the long run. As renewable energy resources are depleting, electric vehicles are a good alternative. Electric vehicle motor market is an ancillary market to electric vehicles market. With exorbitant demand for electric vehicles, the electric vehicle motor market is expected to grow on an unstoppable note in the years to come. Future Market Insights has etched these findings with future perspectives in its latest market study entitled “Electric Vehicle Motor Market”.

Key Takeaways from Electric Vehicle Motor Market

North America holds the largest market share with the US alone contributing for more than 90%. This data, however, pertains to the year 2021. It could lose 162 BPS points by the year 2032, which would take its share to 89.7%.

Europe is expected to witness a CAGR of 20.1% in electric vehicle motor market in the forecast period with Germany expected to witness growth 6 times in 2032 to the year 2022. Luxury electric vehicles are expected to rule the roost.

Coming to the Asia-Pacific, China is expected to create a lucrative opportunity worth US$ 86.5 Bn between 2022 and 2032. The government has also started giving subsidies to facilitate the proliferation of electric vehicles.

AC motors holds the largest market share and the status quo will continue even in the forecast period due to stronger grip provided on the bumpy routes.

“With environmentally-friendliness being the top priority, the electric vehicle motor market is bound to grow at an astounding rate in the forecast period”, says an analyst at Future Market Insights.

For more information: https://www.futuremarketinsights.com/reports/electric-vehicle-drive-motor-market

Competitive Motors

Mabuchi Motors, in June 2021, declared finishing 100% acquisition of Electromag SA for CHF 0.1 Mn or US$ 0.11 Mn.

Wolong Electric, in March 2020, did acquire small industrial motors’ business of GE for US$ 160 Mn with the objective of helping it to obtain a significant position in the market.

Nidec Corporation, in February 2020, tabled 2 novel traction motor systems; viz 50 kW Ni50Ex and 200 kW Ni200Ex based on original 150 kW E-Axle (100% integrated traction motor system encompassed with a reduction gearbox, an electric motor, and an inverter).

WEG, in October 2019, installed LV electric motor plant in Hosur (India). This new-fangled 13K square meter facility holds the capability of manufacturing 250K electric motors/year.

Allied Motion Technologies, in May 2019, came up with EnduraMax 75i Series, brushless DC motor comprising an all-digital integrated drive. The application areas include AGV vehicle traction/steering, rotary/linear actuators, medical patient-handling equipment, mobile HVAC blowers, pumps, and material handling systems.

ABB, in March 2019, floored stainless steel motors to address food and beverage plants. This motor is capable of forbearing high pressure spray with complete compatibility with the high standards.

TECO Westinghouse (Canada), in January 2018, announced entering into new distribution partnership with Westech Industrial for gaining access to uncharted and new markets all over Canada.

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the electric vehicle motor market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.

The research study is based on product type (AC and DC), by power (up to 100 kW, 101-200 kW, and above 200 kW), and by EV type (HEV, BEV, and PHEV).

[satyasingh1986]

According to the report published by Allied Market Research, the global brushless DC motors market was pegged at $34.15 billion in 2018 and is expected to garner $71.94 billion by 2026, witnessing a CAGR of 9.3% from 2019 to 2026. The report offers a detailed analysis of the key segments including top investment pockets, changing dynamics, market size & estimations, and competitive scenario.

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Building Information Modeling Market - Forecast(2022 - 2027)

Building Information Modeling Market Size is forecast to reach $10.3 billion by 2026 at a CAGR of 11.6% during forecast period 2021-2026. Building Information Modeling (BIM) is a process of generating and managing building data during its complete lifecycle, from conceptual design through operation of the building. It is an integrated workflow that enables architects, engineers, and builders to explore a project digitally before building is built. BIM helps AEC sector in better planning and designing of the buildings, savings on materials, less rework and support for prefabrication. The ease of use of BIM led to high adoption of BIM sector and became the software of choice for designing everything from government contracts on bridges to large office buildings, and even on down to small buildings. The output of construction industry in Europe region has been increased from $1,414.62 billion to $1,725.22 billion which is a 22% increase from 2016-2019. High adoption of BIM in construction industry and with increase in construction activities, there is rise in BIM market in European region.

Building Information Modeling Market Report Coverage

The report: “

Building Information Modeling Market Report– Forecast (2021-2026)

”, by IndustryARC covers an in-depth analysis of the following segments of the Brushless DC Motor market

By Phase:

Design, Construction, Renovation and Retrofit, Operations

By Type:

Software, Services

By End User Industry:

Commercial, Residential, Public Infrastructure (

Transportation

Hubs, Bridge, Tunnel, Dam), Education (Architectural Modeling, Civil Engineering, Research Centers), Healthcare (Patient Felicitation, Infrastructure Construction, Infrastructure Management), Industrial (Industrial Infrastructure, Machinery), Sports and Entertainment (Artificial Locations, Special Effects, Infrastructure Construction, Infrastructure Management) and Others

By End Users:

Architects, Engineers, Owners, Facility Managers, Construction Managers/Contractors, Building Product Managers and Others.

By Geography:

North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), and RoW (Middle East and Africa, South America).

Key Takeaways

The leading companies are continuously taking  active measures in the development of advanced solutions along with new cloud technologies benefitting the new players to enter into the market with the similar software design & specifications.

Numerous players, low switching cost and low product differentiation decreases the bargaining power of suppliers. However, emergence of cloud services have been witnessing growth with innovative products and being commercialized at a faster pace leading to significant product differentiation among top market players.

In the past five years, a new wave of automated models has tremendously impacted the market dynamics by replacing existing product segments or by enhancing the current offerings by the players.

The competition in this market is intensifying over time with country level players seeking to expand globally and Global region players trying to differentiate their offerings through innovation and price strategies owing to the increasing need of these devices owing to the government regulations mandating BIM adoption in various pilot projects.

Global Building Information Modeling Market, By Industry, 2020

For More Details on This Report - Request for Sample

Building Information Modeling Market Segment Analysis - By End Users

Architects are a growing market for BIM tools with the segment growing at 14.2% CAGR through 2026. Construction sector is strategically significant globally, job creation and for the delivery and maintenance of built environment. BIM is being extensively adopted widely in the public sector and offers the opportunity to achieve accuracy and certainty in the delivery of products & services. In Singapore, to make the construction industry successful, the BIM electronic submission has become compulsory for practitioners to submit architectural plans in the BIM format for regulatory approval. The use of BIM has increasingly became a norm in AEC as there have been significant benefits associated with this technology. The current AEC industry is complex due to the fragmented delivery processes, building challenges and numerous stakeholders presented in the process which in turn provide scope for the adoption of BIM, worldwide. This is majorly owing to the increase in the number of government regulations with regards to the adoption of BIM in AEC sector coupled with the escalating need of automated models in construction space to enhance the operational efficiencies.

Building Information Modeling Market Segment Analysis - By Industry Vertical

The revenue of infrastructure segment is $2,282.63m in 2020 and is expected to reach $5,340.67m by 2026 with a CAGR of 15.06% during forecast period 2021-2026. Infrastructure segment is estimated to hold 47.9% of the total market share in Global BIM market by the end of 2026. This is owing to the government mandates for the adoption of BIM in the countries including U.K., Germany and some other developed and developing economies. Under infrastructure, commercial will be the major segment. However, infrastructure is evident as the fastest growing segment with a CAGR of 15.06% during forecast period 2021-2026. It is mainly due to the increasing utilization of BIM in road and rail infrastructure development of bridges along with the modernization projects, due to rising traffic congestion cases and road & rail mishaps.

Building Information Modeling Market Segment Analysis - By Geography

Global BIM market revenue is projected to be dominated by Americas region and is projected to continue their dominance during the forecast period 2021-2026 with the revenue of $1,701.37m in 2020 and projected to reach to $3,218.97m by 2026. U.S. occupied the major market share in the North America BIM market. This is because of the increased adoption of BIM by the engineers and contractors as they are gaining effective ROI through the implementation of this advanced technology. APAC region is estimated to grow at a highest CAGR of 16.35% during 2021-2026. This is due to the Chinese government promotions for BIM adoption. In China, deployment of this technology in crucial projects such as Shanghai Tower, Phoenix Media Center and Shanghai Disneyland Resort is stimulating the growth of the BIM market in this country.

Building Information Modeling Market Drivers

Concerns Regarding Low Labor Productivity in Europe

The construction industry in Europe is labor intensive and demand a large number of skilled and unskilled labor.  Labor productivity is one of the major factors that could add significant cost to the construction project. In 2019, the Global construction sector accounted for approximately 9% of total country GDP and employed approximately 18 million labor force.  However, the country is continuously facing challenges to overcome low labor productivity since 2009. The high fragmentation of the industry, lack of collaboration between the stakeholders, lack of awareness on new technology, and lack of adequate knowledge transfer between projects are the key reasons for low labor productivity. As per OECD, the labor productivity index (Gross value added per hour) of construction sector in 2019 was 27%-30% lower than labor productivity index in overall economy. Thus, construction companies in Europe are adopting innovative technology to meet this labor productivity in the region. As per major construction service providers, the deployment of BIM could result in 30%-40% increase in profit. Adoption of BIM models in constructions activities due to rise of labor cost set to drive the market growth.

Emphasis to Reduce Construction Failures and Reduce Operational Cost

Poor constructional procedures and internal failure due to the re-designing, analysis, lack of flexibility and so on have been paving the way for BIM penetration in construction projects. Design and planning phases are turning out as the elementary phases during the buildings or infrastructure construction. The application of BIM to construction projects has the potential to enhance the quality of information provided for making critical design decisions regarding building environmental impact. As per the Department of Business Innovation & Skills organization publications, 33% of the total building costs can be reduced by the adoption of BIM.

Building Information Modeling Market Challenges

High cost of software & operation over multiple databases

The cost of BIM software including BIM, collaboration ranges from $24,000 to $35,000 and the cost of hardware ranges from $7,000 to $12,000. Additionally, training on BIM software costs approximately $2,000. The price of these software have been hampering the penetration of BIM software in low capital intensive projects including single family residential buildings and small scale private projects. However, in some of the countries, 90% of owners are demanding for the adoption and usage of BIM software is projected to escalate the usage of this software in the small scale projects over the next decade. Additionally, emergence of new technologies coupled with the presence of large number of local or regional companies is projected to offer low priced solutions owing to their emphasis to sustain in competitive environment and to the growing need of these software & services.

Building Information Modeling Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Building Information Modeling market. Building Information Modeling top companies include Autodesk, Inc. (U.S.), Nemetschek AG (Germany), Dassault Systems AG (France), Bentley Systems, Inc. (U.S.), and Trimble, Inc.

Acquisitions/Product Launches

In November 2019, Dassault Systems  introduced 3DEXPERIENCE Release 2020x to ensure that cloud users now get more manufacturing and production roles than on premise, and access to on-demand engineering services on the 3DEXPERIENCE Marketplace.

In October 2019, Siemens Digital Industries Software introduced Simcenter system simulation solution. This simulation software supports industrial companies in the creation of precise system modeling which is both cost-efficient and competitive

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