Global Micro Motor Market, By Type (AC, DC), Technology (Brushed, Brushless), Application (Automotive, Aerospace, Agriculture Equipment System, 3D Printing, Construction & Mining Equipment System, Medical Equipment), Power Consumption (Less than 11 Volts, 12-24 Volts, 25-48 Volts, More than 48 Volts), Country (U.S., Canada, Mexico, Brazil, Argentina, 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 Middle East and Africa) Industry Trends and Forecast to 2028
Micro motor market will grow at a CAGR of 4.40% in the forecast period of 2021 to 2028. Increasing adoption of micro motors by numerous industry segments is an essential factor driving the micro motor market.
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.
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 micro motor market. Moreover, rising growth in robotics devices and rising demand for brushless DC motors in electric vehicles will further create new opportunities for micro motor market in the forecast period mentioned above.
However, increasing maintenance cost for brushed DC motors and rising upgrading to automated production lines involves huge capital investment are the major factors among others which will curtail the market growth, while rising motor failure due to overheating and excessive use will further challenge the micro motor market in the forecast period mentioned above.
This micro motor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 micro motor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Micro Motor Market Scope and Market Size
Micro motor market is segmented on the basis of type, technology, application and power consumption. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the micro motor market is segmented into AC and DC.
- Based on technology, the micro motor market is segmented into brushed and brushless.
- Based on application, the micro motor market is segmented into automotive, aerospace, agriculture equipment system, 3D printing, construction and mining equipment system and medical equipment. Automotive has been further segmented into power window, power mirror, wiper, infotainment systems, lighting, door locks, HVAC, fuel injection systems (FIS), anti-lock braking system (ABS) and power seats. Medical equipment has been further segmented into portable devices, powered surgical instruments, lab automation and dental systems & equipment.
- The micro motor market is also segmented on the basis of power consumption into less than 11 volts, 12-24 volts, 25-48 volts and more than 48 volts.
Micro Motor Market Scope Country Level Analysis
Micro motor market is analysed and market size, volume information is provided by country, type, technology, application and power consumption as referenced above.
The countries covered in the micro motor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the micro motor market due to increasing demand and application from the various industries and segments, increasing advancements in technology and demand from developing regions and countries, increasing applicability of micro motor with advent of technology, and increasingly adopting automation process in this region. Europe is the second largest region in terms of growth in micro motor market due to rising tremendous development in designing and the demand for high-efficiency motors in this region. North America is the expected region in terms of growth in micro motor market due to increasing adoption of micro motors by numerous industry segment in this region.
The country section of the micro motor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream 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 their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Micro Motor Market Share Analysis
Micro motor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to micro motor market.
The major players covered in micro motor market report are Johnson Electric Holdings Limited, Mitsuba Corp., Nidec Corporation, Bühler Motor GmbH, ABB, MABUCHI MOTOR CO. LTD., maxon motor ag, CONSTAR MICROMOTOR CO. LTD, DENSO CORPORATION, Siemens AG, cgglobal., FAULHABER Group, Changzhou Fulling Motor Co.Ltd., ABShot Tecnics S.L., New Guanlian Motor, Telco, Shinano Kenshi Co.Ltd., Precision Microdrives Limited, and Printed Motor Works. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Micro Motor Market
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