Global Micro Motor Market is expected to grow at a robust CAGR
Global Micro
Motor Market is expected to grow owing to rising technological advancements and
construction & mining activities throughout the forecast period.
According to
TechSci Research report, “Micro
Motor Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028”, the Global Micro Motor Market is expected to
register robust growth during the forecast period owing to the increasing trend
of industrial automation and the growing popularity of small electronic
gadgets, micro motors find applications in various sectors such as hand dryers,
surgical tools, fans, pumps, compressors, and home appliances. The micro motor
market is expanding due to the rise in urban population and increased consumer
awareness of eco-friendly products. Additionally, the demand for DC motors in
HVAC, agricultural, and other applications is on the rise, driven by their
energy efficiency, variable speed capabilities, environmental friendliness,
compact size, and low maintenance costs. The automotive industry is
experiencing growth, propelled by urbanization and industrialization in
developing nations such as Germany, France, the United States, and others.
The
micromotor market is influenced by several factors, including the escalating
technological advancements in medical equipment. With the rising prevalence of
chronic diseases and healthcare expenses, there is an increasing demand for
advanced medical devices that offer higher precision and accuracy. Micromotors
play a vital role in meeting this demand as they are utilized in various
medical devices such as surgical robots, implantable technology, dental
handpieces, and diagnostic tools. Additionally, the ability to incorporate
micromotors into compact and portable medical devices has further contributed
to their growing demand in the medical sector. For instance, dental clinics
have developed miniaturized and lightweight motors that can be conveniently transported.
Dental micromotors, which are low-speed motors connected to handpieces,
contra-angles, and hose pieces, have significantly improved the efficiency and
ease of dental treatments.
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The Global Micro
Motor Market is segmented based on power output, technology, power consumption,
application and region. Based on power output, the market is bifurcated into AC and DC. Based on technology, the market is
bifurcated into brushed motor and brushless motor. Based on power consumption,
the market is bifurcated into below 9v, 10v-20v, 21v-50v and more than 50v. Based
on application, the market is bifurcated into automotive, industrial
automation, aircraft, construction & mining equipment and others. Based on
region, the market is further bifurcated into North America, Asia-Pacific,
Europe, South America, Middle East & Africa.
Based on power
output, AC segment
is expected to dominate the market during the forecast period. AC micro motors
have extensive applications across various industries and products, thanks to
their compatibility with AC power sources. They are commonly found in household
appliances like fans, air conditioners, washing machines, and refrigerators, as
well as in industrial equipment such as pumps, compressors, and conveyor
systems. AC micro motors are also utilized in office equipment like printers
and scanners, medical devices, and automotive systems. The AC segment in the
Micro Motor Market offers a wide range of applications spanning household
appliances, industrial equipment, office devices, and automotive systems. These
motors are known for their simplicity, reliability, and compatibility with AC
power sources, making them highly suitable for diverse end-use industries.
Based on application,
Automotive segment is projected to dominate the market throughout the forecast
period. The automotive industry is currently undergoing a significant shift
towards electrification, with the growing adoption of electric vehicles (EVs)
and hybrid electric vehicles (HEVs). Micro motors play a vital role as
essential components in EVs and HEVs, serving electric powertrains, battery
management systems, and various auxiliary systems. They are crucial in
controlling functions like electric power steering, electric brakes, and
electric air conditioning compressors in electric vehicles. This transition to
electric mobility is fueling the demand for high-performance micro motors that
can deliver efficient and reliable performance in electric vehicle
applications.
Key market
players in the Global Micro Motor Market are:-
- Mitsuba Corporation
- Nidec Corporation
- Johnson Electric Holdings Limited
- Mabuchi Motor Company Ltd
- ABB Ltd.
- Constar Micromotor Co Ltd
- Buhler Motor GmbH
- Robert Bosch GmbH
- Denso Corporation
- Maxon Motor AG
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“The Asia-Pacific
region is poised to lead the global Micro Motor Market in the forecast period.
Key contributors to the market's growth include China, Japan, South Korea, and
India. The region's dominance can be attributed to its flourishing electronics
manufacturing industry, rapid industrialization, and the presence of numerous
consumer electronics and automotive manufacturers.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Micro Motor
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast
2018-2028, Segmented By
Type (AC and DC), By Technology (Brushed Motor and Brushless Motor), By Power
Consumption (Below 9V, 10V-20V, 21V-50V and More than 50V), By Application (Automotive,
Industrial Automation, Aircraft, Construction & Mining Equipment and
Others), By Region,”
has evaluated the future growth potential of Global Micro
Motor Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Micro Motor Market.
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