The Global Micro Motor Market Is Projected To Expand Steadily At A Value CAGR Of 4.6% By 2032


Micro Motor Market is anticipated to record steady CAGR growth 4.5% and is expected to reach market value of worth US$ 56.6 Billion by the end of 2031

Micro_motor

The global micro motor market is projected to expand steadily at a value CAGR of 4.6%, during the forecast period 2022-2032. In the year 2022, the market size is projected to expand and gain a global market valuation of US$ 36 Bn. Considering this steady growth along with the booming demand in the global market, the micro motor market is expected to reach US$ 58 Bn by 2032.

The micro motor transforms electrical energy into mechanical power. Electric shavers, fans, toothbrushes, pumps, robots, windshield scrubbers, and other devices all utilize micro motors in various ways. Healthcare, pharmaceuticals, robotics, automotive, and other sectors all use micromotors. Voltage sizes ranging from 1 V to 60 V are offered. It is compact, light, and has a strong torque.

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Market Players: -

  • ABB Ltd.
  • NIDEC Corporation
  • Mabuchi Motors
  • Buhler Motors GmbH
  • Maxon Motors AG
  • CONSTAR Motor
  • Johnson Electric Holdings Limited
  • Mitsuba Corporation

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Micro Motor Market both at worldwide and provincial levels.

Competitive Landscape

Major businesses appear to be particularly interested in partnerships, capacity growth, acquisitions, and creating international selling and distribution networks.

  • Nidec stated in 2021 that it has purchased shares in Mitsubishi Heavy Industries Machine Tool Co., Ltd. Nidec's core companies and strategy are complemented by the purchase of the machine tool industry. Through its affiliate, Nidec-Shimpo Corporation, Nidec has been actively involved in the production, sales, and services related to reduction gearboxes and pressing machines. Mitsubishi Heavy Industries Machine Tool will become Nidec-third Shimpo's primary business after the transaction is complete.

  • The Maxon Group grew its footprint in France in 2021. In Beynost, close to Lyon, the firm is spending EUR 10 million in a new Innovation and Production Center. In order to achieve this, Maxon France intends to broaden the application of French expertise in mechatronics for drive systems internationally. Specifically, it plans to export its know-how in the design and manufacture of multi-axis propulsion systems taking aim at autonomous connected logistics, laboratory equipment, and Industry 4.0.

What Do You Get in a Fact.MR Study?

  • Factors affecting the overall development of the global Micro Motor Market

  • Factor that might restrain the growth of the global market in the coming years of the forecast period.

  • What is present competitive scenario of the global Micro Motor Market and its intricate details concerning potential business prospects of leading market players

  • Pricing strategies of several different market players in the global Micro Motor Market

Key Segments Covered In the Micro Motor Market Report

  • By Product :

    • DC Micro Motors

    • AC Micro Motors

  • By Power Consumption :

    • Less than 12v

    • 12v-48v

    • More than 48v

  • By Application :

    • Automotive

    • Medical Equipment Systems

    • Industry Automation

    • Agriculture Equipment System

    • Aircraft Systems

    • Construction & Mining Equipment Systems

    • 3D Printing

  • By Technology :

    • Brushed

    • Brushless

Regional analysis includes

  • North America (U.S., Canada)

  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)

  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe

  • CIS & Russia

  • Japan

  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

How Fact.MR Assists in Making Strategic Moves?

The data provided in the Micro Motor Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Why Choose Fact.MR?

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Published in

Industry

Published on

Jun 21, 2023

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