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With a CAGR of 5.1% between 2023 and 2030, the global micro motor market is projected to grow from $36.477.19 million in 2023 to $56.066.12 million.
Micro motors are a subset of electric motors that are particularly small yet nonetheless capable of transforming electrical energy into mechanical energy. These motors can be powered by either direct or alternating current. In an electric generator, mechanical energy is transformed into electrical energy, which is then distributed to various electrical appliances and motors. In contrast, electric motors take the electrical energy supplied by the electric generator and transform it into mechanical energy, which is then used to power the appliance on which it is installed.
The micro motor is smaller and more lightweight. The primary goals in developing a micro motor were to reduce power consumption and electromagnetic interference. The micro motor's many advantages include its speed, efficiency, and versatility. Numerous industrial tasks benefit from the use of micromotors, including drilling, polishing, and grinding. You can get a micro motor in either brushed or brushless varieties. The industrial and aeronautical sectors both make extensive use of micromotors. The voltage of micromotors typically ranges from 1V to 60V. Electronic control, a high power-to-weight ratio, and rapid speed are what set a micro motor apart from its competitors. They're used in things like cars, trucks, and even printers and disk drives on computers.
Rising developing countries could emerge as potential markets, rising demand and application from the various industries and segments, rising technological advancements and demand from developing regions and countries, rising micro motor applicability with the advent of technology, rising micro motor demand, rising construction and mining activities, and rising adoption of automation processes all contribute to the market's growth.
High torque, minimal noise, energy savings, and improved operational efficiency are just some of the reasons why the micro motor market is expanding so rapidly. The micro motor market is expanding due to the increasing popularity of miniaturized electronic devices and the rising trend of industrial automation. Hand dryers, surgical equipment, fans, pumps, compressors, and home appliances are just few of the many uses for micro motors. The expansion of the micro motor market is driven by the increasing demand for environmentally friendly products and the number of people living in urban areas.
DC motors' increasing popularity in heating, ventilation, air conditioning (HVAC), agricultural, and other fields can be attributed to its many desirable characteristics, such as their low operating costs, low environmental impact, small footprint, and ease of maintenance. The demand for automobiles is being fueled by the growing urbanization and industrialization of countries like Germany, France, the United States, and others. This is anticipated to increase micro motor demand, therefore leading to global expansion of the 10V-20V micro motor market. For instance, between 2017 and 2019, urbanization in the United States rose by 0.4%.
Demand for micro motors is rising as more and more industries adopt automated systems and robotics, including the medical, automotive, and aerospace sectors. To cash in on this development, major corporations are releasing brand new automated products. The high speed of industrialization and infrastructural development in emerging nations is driving up demand for micro motors, which are used in a wide variety of industrial machinery and systems. For instance, in 2021, China saw a 20% growth in the number of industrial robots it had installed.
The development of brushless DC motors and high-efficiency synchronous motors are two examples of motor technology advancements that are helping to drive product demand. Companies are now releasing micro motors with improved precision and variable speed control. The Rise of the Medical Equipment Market Demand for medical equipment is being driven by the aging population and the increased incidence of chronic diseases around the world. Numerous medicinal uses have been developed for micromotors.
Report Coverage
Global Micro Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro Motor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Micro Motor market based on the below-mentioned segments:
Global Micro Motor Market, By Type
AC
DC
Global Micro Motor market, By Application
Industrial
Automotive & Aerospace
Healthcare
Others
Global Micro Motor Market, By Power Consumption
Below 9V
10V-20V
21V-50V
More than 50V
Global Micro Motor market, Regional Analysis
Micro motors are a subset of electric motors that are particularly small yet nonetheless capable of transforming electrical energy into mechanical energy. These motors can be powered by either direct or alternating current. In an electric generator, mechanical energy is transformed into electrical energy, which is then distributed to various electrical appliances and motors. In contrast, electric motors take the electrical energy supplied by the electric generator and transform it into mechanical energy, which is then used to power the appliance on which it is installed.
The micro motor is smaller and more lightweight. The primary goals in developing a micro motor were to reduce power consumption and electromagnetic interference. The micro motor's many advantages include its speed, efficiency, and versatility. Numerous industrial tasks benefit from the use of micromotors, including drilling, polishing, and grinding. You can get a micro motor in either brushed or brushless varieties. The industrial and aeronautical sectors both make extensive use of micromotors. The voltage of micromotors typically ranges from 1V to 60V. Electronic control, a high power-to-weight ratio, and rapid speed are what set a micro motor apart from its competitors. They're used in things like cars, trucks, and even printers and disk drives on computers.
Rising developing countries could emerge as potential markets, rising demand and application from the various industries and segments, rising technological advancements and demand from developing regions and countries, rising micro motor applicability with the advent of technology, rising micro motor demand, rising construction and mining activities, and rising adoption of automation processes all contribute to the market's growth.
High torque, minimal noise, energy savings, and improved operational efficiency are just some of the reasons why the micro motor market is expanding so rapidly. The micro motor market is expanding due to the increasing popularity of miniaturized electronic devices and the rising trend of industrial automation. Hand dryers, surgical equipment, fans, pumps, compressors, and home appliances are just few of the many uses for micro motors. The expansion of the micro motor market is driven by the increasing demand for environmentally friendly products and the number of people living in urban areas.
DC motors' increasing popularity in heating, ventilation, air conditioning (HVAC), agricultural, and other fields can be attributed to its many desirable characteristics, such as their low operating costs, low environmental impact, small footprint, and ease of maintenance. The demand for automobiles is being fueled by the growing urbanization and industrialization of countries like Germany, France, the United States, and others. This is anticipated to increase micro motor demand, therefore leading to global expansion of the 10V-20V micro motor market. For instance, between 2017 and 2019, urbanization in the United States rose by 0.4%.
Demand for micro motors is rising as more and more industries adopt automated systems and robotics, including the medical, automotive, and aerospace sectors. To cash in on this development, major corporations are releasing brand new automated products. The high speed of industrialization and infrastructural development in emerging nations is driving up demand for micro motors, which are used in a wide variety of industrial machinery and systems. For instance, in 2021, China saw a 20% growth in the number of industrial robots it had installed.
The development of brushless DC motors and high-efficiency synchronous motors are two examples of motor technology advancements that are helping to drive product demand. Companies are now releasing micro motors with improved precision and variable speed control. The Rise of the Medical Equipment Market Demand for medical equipment is being driven by the aging population and the increased incidence of chronic diseases around the world. Numerous medicinal uses have been developed for micromotors.
Report Coverage
Global Micro Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro Motor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Micro Motor Market from 2021 to 2030.
- Market Forecast for Micro Motor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Micro Motor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Micro Motor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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.)
Primary Target Market
- Market Players of Micro Motor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Micro Motor market based on the below-mentioned segments:
Global Micro Motor Market, By Type
AC
DC
Global Micro Motor market, By Application
Industrial
Automotive & Aerospace
Healthcare
Others
Global Micro Motor Market, By Power Consumption
Below 9V
10V-20V
21V-50V
More than 50V
Global Micro Motor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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