Micro Motors Market Size, Share & Trends Estimation Report By Type(AC,DC),By Technology(Brushed Motor,Brushless Motor),By Power Consumption(Above 11v,12v-24v,25v-48v),by Applications(Automotive,Medical Equipment,Industrial Automation), By Region, And Segment Forecasts, 2023 - 2030
The global Micro Motors Market size was $ 36,477.9 Million in 2022 and is expected to reach $56,066.2 Million by 2030, with a CAGR of 4.1% from 2023 to 2030.
Micro Motors Market Overview
Micro motors are lighter and smaller. Micro motors are primarily designed for low power consumption and minimal electromagnetic interference. Micro motors are characterized by fast operation, good performance, and a wide range of power options. Micromotors can be used for drilling, polishing, grinding, and many other industrial applications. Micromotors have two modes: brushed and brushless. Micromotors are widely used in the industrial and aerospace industries. The power range of the micromotor is 1V to 60V. What makes micro motors superior to other motors is their electronic control, high power-to-weight ratio, and high speed. They find applications in portable power tools, computer peripherals, printers, disk drives, and vehicles.
Contrive Datum Insights has recently published the Micro Motors Market to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Micro Motors market.
Some of the key players profiled in the study are:
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Micro Motors market are Mitsuba Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motors, Abb Ltd, Wellings Holdings Ltd, Asmo Co Ltd., Constar, Maxon Motors Ag, Buhler Motors Gmbh, and others.
- In February 2021, Johnson Electric Holdings Ltd. announced the launching of a new series of low-voltage DC motors to implement in smart furniture applications.
- In December 2020, ABB Ltd. established a new global R&D center in Delft University's technology campus, Netherlands, to enhance advancement in next-gen solutions for e-mobility.
What are the major Applications, Types, and Regions for the Micro Motors Market?
On the Basis of Type:
- Brushed Motor
- Brushless Motor
- Above 11v
- Below 48v
On the Basis of Application:
- Medical Equipment
- Industrial Automation
- Agricultural Equipment
- Construction & Mining Equipment
- 3D Printing
Micro Motors Market Regional Insights:
Asia Pacific has the highest micro motor market share owing to increasing construction and mining activities. In the U.S., the micro motor market is expected to reach USD 5.7 billion by 2022. Currently, the country holds a 21% market share globally. The world’s second-largest economy, China, is projected to grow at a CAGR of 5.2% during the study period Growth, the market size is expected to reach USD 8.91 billion by 2030. Japan and Canada are two other noteworthy geographic markets, with respective growth rates projected to be 3.1% and 3.6%, respectively, during the course of the survey. Germany is expected to grow at a CAGR of around 3% in Europe, while the Rest of Continental Europe, as defined in the study, will reach USD 9.7 billion by the end of the analysis period. The demand for micromotors in the Asia Pacific is expected to be strong owing to the expansion of the automotive industry, increasing medical facilities, and growth in mining and construction activities in the region. The growing industrial automation in China brings the enormous economic potential to the region.
Geographically, the global Micro Motors market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
Micro Motors Market Report Scope:
|Units||Value (USD Billion)
|Growth Rate||CAGR of 4.1% from 2023 to 2030|
|By Power Consumption||
|On the Basis of Application:||
Micro Motors market are Mitsuba Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motors, Abb Ltd, Wellings Holdings Ltd, Asmo Co Ltd., Constar, Maxon Motors Ag, Buhler Motors Gmbh, and others.
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