ID: MRFR/AM/1358-HCR | February 2021 | Region: Global | 100 pages
The Micro Motors market has registered high growth in recent times on account of growing demand from the Automotive, home appliance, and medical equipment industries among others. Specifically the micro motors market is witnessing increasing demand from the automotive industry. With recent technological developments, high quality micro motors are finding rapid integration in various industries, thus resulting in increasing demand in the micro motors market. With new markets such as electronic information and 3D printing also increasing adopting micro motors the market is expected to register high growth in the forecast period.
Global Micro Motors Market, by Market Share, 2016–2022 (USD Million)
Study Objectives of Micro Motors Market
Some of the key players in the 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.
The Micro Motors market has been segmented on the basis of application as automotive, medical equipment, industrial automation and others. On the basis of technology the market has been segmented as brushed and brushless. On the basis of power consumption the market has been segmented as >11v, 12v-24v, 25v-48v, <48v.
Regional Analysis of Micro Motors
Asia-Pacific region is expected to dominate the Micro Motors market due to the rapid increase in the construction and mining activities in this region. Growing healthcare centers, increasing spending power are some of the factors that can be attributed to the growth of the micro motors market in this region. Europe and North America are expected to form the other major chunk of the market owing to the technological development in these regions.
Frequently Asked Questions (FAQ) :
The global micro motors market is anticipated to record a substantial market valuation due to the increasing demand from the automtovie segment and technological advancements taking place.
The North American micro motor market is expected to witness substantive growth over the review period.
The 25v-48v segment is slated to expand as the fastest-growing segment.
The automotive segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global micro motors market are Mitsuba Corporation, Nidec Corporation, Johnson Electric Holdings Limited, among others.