Global Micro Motor Market – Industry Trends and Forecast to 2030

Global Micro Motor Market, By Type (AC, DC), Technology (Brushed, Brushless), Application (Automotive, Aerospace, Agriculture Equipment System, 3D Printing, Construction and Mining Equipment System, Medical Equipment), Power Consumption (Less than 11 Volts, 12-24 Volts, 25-48 Volts, More than 48 Volts) - Industry Trends and Forecast to 2030.

Micro Motor Market Analysis and Size

Rising developing countries could emerge as potential market is a crucial factor accelerating the market growth, also rising demand and application from the various industries and segments, rising advancements in technology and demand from developing regions and countries, rising applicability of micro motor with advent of technology, rising demand for micro motor is on a steady upturn, increasingly adopting automation process, rising construction and mining activities, increasing population and demand for comfort and luxury features in automotive are the major factors among others boosting the global micro motor market.

Data Bridge Market Research analyses that the global micro motor market which was USD 40.07 billion in 2022, is expected to reach USD 63.57 billion by 2030, and is expected to undergo a CAGR of 6.2% during the forecast period 2023-2030. This indicates the market value. “AC” dominates the type segment of the global micro motor market due to AC motors are highly versatile and can be used in a wide range of applications. They are commonly found in household appliances (e.g., refrigerators, air conditioners), industrial equipment (e.g., conveyors, pumps), and automotive systems (e.g., fans, power windows). This versatility has contributed to their dominance in the global micro motor market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Micro Motor Market Scope and Segmentation

Market Definition

Micro motors are the type of small sized electrical motors that convert the electrical energy into mechanical energy. These motors are sourced either through alternate or direct current sources. They work along the same platform of an electric generator just in reverse, for example in electric generator mechanical energy is converted into electrical energy and then sourced out for the electrical appliances and motors, whereas electric motors convert this electric energy received from the electric generators and convert into mechanical energy to work the appliance they are installed upon.

Global Micro Motor Market Dynamics

Drivers

• Rising Consumer Electronics Demand

The increasing adoption of consumer electronics such as smartphones, tablets, wearables, and smart appliances relies heavily on micro motors for functions like vibration, autofocus in cameras, and precision movement in robotics, contributing significantly to the market's growth.

• Increasing Automotive Advancements

The automotive industry is incorporating more electronic features and systems, including electric power steering, advanced driver-assistance systems (ADAS), and electric vehicles (EVs), all of which depend on micro motors for various functions.

• Surging Industrial Automation

The automotive industry is incorporating more electronic features and systems, including electric power steering, advanced driver-assistance systems (ADAS), and electric vehicles (EVs), all of which depend on micro motors for various functions.

Opportunity

• Rising Use of Electric Vehicles (EVs) and Autonomous Vehicles

As the automotive industry transitions toward electric vehicles and autonomous driving technology, there will be an increased demand for efficient and compact micro motors for various applications within these vehicles, such as power windows, seat adjustment, and HVAC systems.

Restraints/ Challenges

• Supply Chain Disruptions

Events like natural disasters, geopolitical tensions, or global health crises, such as the COVID-19 pandemic, can disrupt the supply chain and lead to shortages of critical components, affecting production and delivery times.

• Technological Complexity

Developing advanced micro motors with higher precision and efficiency requires significant investment in research and development. Keeping up with rapidly evolving technology can be financially challenging for some companies.

This global micro motor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global micro motor market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In March 2023, ABB launched a new series of high-output motors. The M3BP series motors are designed for heavy-duty applications in tough environments and to operate critical processes with minimum downtime. They are available in a wide range of variants and accessory options, and are offered in 280 – 355 frame size and output ranging from 75kW to 560kW
• In March 2022, ABShot Tecnics S.L., a Spanish manufacturer of precision measurement instruments, has announced the launch of its new ABShot Micrometer range. The new range includes a variety of micrometers, from digital micrometers to dial micrometers, to meet the needs of a wide range of users

Global Micro Motor Market Scope

The global micro motor market is segmented on the basis of type, technology, application and power consumption. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• AC
• DC

Technology

• Brushed
• Brushless

Application

• Automotive
• Power Window
• Power Mirror
• Wiper
• Infotainment Systems
• Lighting
• Door Locks
• HVAC
• Fuel Injection Systems (FIS)
• Anti-Lock Braking System (ABS)
• Power Seats
• Aerospace
• Agriculture Equipment System
• 3D Printing
• Construction and Mining Equipment System
• Medical Equipment
• Portable Devices
• Powered Surgical Instruments
• Lab Automation
• Dental Systems and Equipment

Power Consumtion

• Less Than 11 Volts
• 12-24 Volts
• 25-48 Volts
• More Than 48 Volts

Global Micro Motor Market Region Analysis/Insights

The global micro motor market is analyzed and market size insights and trends are provided by region, offering, deployment mode, technology, application and end user, as referenced above.

The regions covered in the global micro motor market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the Global Micro Motor Market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.

North America dominates the global micro motor market because North America is home to some of the world's leading research universities and research institutions, which are constantly developing new AI-powered motor technologies. Asia-Pacific is the fastest-growing country in the global micro motor market due the Asia-Pacific region, particularly countries like China, South Korea, Taiwan, and Japan, is a global hub for electronics manufacturing. The demand for micro motors in consumer electronics, including smartphones, laptops, and home appliances, has surged, driving the growth of the global micro motor market in this region.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Micro Motor Market Share Analysis

The global micro motor market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global micro motor market.

Some of the major players operating in the global micro motor market are:

• Johnson Electric Holdings Limited (Hong Kong)
• Mitsuba Corp. (Japan)
• Nidec Corporation (Japan)
• Bühler Motor GmbH (Germany)
• ABB (Switzerland)
• MABUCHI MOTOR CO. LTD. (Japan)
• maxon motor ag (Switzerland)
• CONSTAR MICROMOTOR CO. LTD (China)
• DENSO CORPORATION (Japan)
• Siemens AG (Germany)
• cgglobal. (India)
• FAULHABER Group (Germany)
• Changzhou Fulling Motor Co. Ltd. (China)
• ABShot Tecnics S.L. (Spain)
• New Guanlian Motor (China)
• Telco (India)
• Shinano Kenshi Co. Ltd. (Japan)
• Precision Microdrives Limited (U.K.)
• Printed Motor Works (U.K.)