Global Micro Motor Market Analysis & Outlook 2030

In 2021, the global micro motor market is estimated to be worth USD 40 billion. It is expected to expand at a compound annual growth rate of 5% from 2022 to 2030. Micro motors are lighter, larger, and more compact. Micro motors are basically designed for low power consumption and minimize electromagnetic interference. The micromotor has the characteristics of fast running speed, superior performance, and wider power selection. Micro motors can be used for drilling, polishing, grinding and various other industrial applications. There are two types of micromotors: brushed and brushless.

Micro motors are widely used in industry and aerospace industry. The power range of the micro motor is 1V to 60V. The factors that make micromotors superior to other motors are electronic control, high power-to-weight ratio, and high speed. They are used in portable power tools, computer peripherals, printers, disk drives, and vehicles. The advantages associated with micromotors, such as high torque, low noise, energy saving and improved operating efficiency, are driving the growth of the micromotor market.

The rising trend of industrial automation and the increasing popularity of microelectronics are driving the growth of the micromotor market. Micro motors are used in various applications, such as hand dryers, surgical equipment, fans, pumps, compressors, and household appliances. The increase in urban population and consumers; awareness of environmentally friendly products are driving the growth of the micro-motor market. Due to the characteristics of energy efficiency, variable speed, compact size, environmental protection and minimum maintenance costs, the increasing demand for DC motors in HVAC, agriculture and other applications is driving market growth. The acceleration of urbanization and industrialization in emerging countries such as Germany, France, and the United States has promoted the demand for motor vehicles. This is expected to drive the demand for micro motors; therefore, it drives the growth of 10V-20V micro motors worldwide. For example, from 2017 to 2019, the degree of urbanization in the United States increased by 0.4%. In addition, due to the increased demand for engines, micro motors are used in various vertical industries such as agriculture, medicine, healthcare, and automobiles.

As the government has increased its investment in this industry, the healthcare industry in many countries/regions such as the UK, the US, and India is growing at a significant rate. For example, in 2018, the British government spent 252.9 billion U.S. dollars in the healthcare industry. Due to the characteristics of energy efficiency, high torque and high speed, it is expected that this will drive the demand for brushless DC motors. The Middle East, especially the growing demand for HVAC in the Gulf Cooperation Council (GCC) countries, and the United Arab Emirates increased focus on reducing dependence on oil, have promoted the growth in HVAC demand. The micro-motor market in the region. In addition, events such as the 2020 World Expo in the United

Arab Emirates and the 2022 World Cup in Qatar are driving demand for infrastructure and HVAC. This is expected to increase the demand for micromotors in the Middle East. All these cases have promoted the growth of the micro-motor market. However, the slowdown in the automotive industry and high initial capital investment are expected to slow the growth of the micromotor market. In addition, it is expected that the increased demand for robotic micromotors and automated robotics technology will provide lucrative opportunities for the growth of the micromotor market.

Competitor analysis:
The main players described in this report include Mabuchi Motor Co Ltd, Nidec Corporation, Buhler Motor GmbH, Johnson Electric Holdings Co., Ltd., Maxon Motor AG, Arc Systems Inc, ABB Group, Mitsuba Corporation, Constar Micromotor Co Ltd And Siemens AG. Major players in this market adopt product launches, partnerships, and expansion as key strategies to meet changing consumer needs. For example, in February 2021, Nidec Corporation acquired Mitsubishi Heavy Industries Machine Tool Co., Ltd. to provide motors, machine tools, cutting tools and related products. The acquisition aims to strengthen the motor and actuator product portfolio.

Main benefits for stakeholders:
The report provides an extensive analysis of current micromotor market trends and future estimates. Through tracking the key product positioning within the market framework and the tracking of major competitors, a comprehensive analysis of the global micro-motor market is carried out. Provide a comprehensive analysis of all regions to determine current opportunities. The forecast of the global micromotor market from 2022-2030 is included in the report in 2030. This report provides an overview of the major market players in the global micro-motor market and a thorough analysis of their strategies, which helps to understand the competitive prospects of the global micro-motor market. Motor according to power consumption below 9V, 10V-20V21V-50V50V and above, industrial automotive, aerospace, medical, etc.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.