New York, US, Dec. 13, 2022 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), Micro Motors Market Information Report by Application, Region, Technology, and Power Consumption- Global Forecast to 2030; the global market for micromotors is anticipated to thrive noticeably during the assessment era from 2020 to 2027 at a substantial growth rate of approximately 2.7%. The research further states that the market was valued at about USD 35460 Million in 2020.
Micro Motors Market Overview:
Micromotors refer to microparticle motor items capable of moving that are also called Nano motors, in spite of getting a substantial size difference. Micro Motors have several kinds of them that control under different mechanisms. These particular motors have a diameter of less than 160mm and operate with a particular intent. Micro motors are smaller and lightweight. The primary targets of micromotor design are to lower power consumption and electromagnetic interference. A more comprehensive range of power options, excellent performance, and fast operation are just some of the benefits of the micromotor. The process associated with grinding, polishing, drilling, and many more industrial procedures is all utilized using micro motors. Micro motors are available in both brushless and brushed modes.
The aerospace and industrial industry sectors both deploy micromotors widely. Micro motors are available in a 1V to 60V power range. The global market for micromotors has demonstrated an exponential expansion in the last few years. The rising demand for automotive equipment and constant technological advancement is causing an upsurge in the market's performance. Therefore, the global Micro Motors Market size is experiencing a rise in demand, particularly in the automotive industry. Apart from that, the use of micro motors surpasses the different industries because of their flexible functions, such as 3D printing, medical equipment, electronic information, construction & mining equipment, industry automation, aircraft systems, agriculture equipment, etc. All the industry needs are likely to boost the growth of the market. The electronic sector has demonstrated a massive explosion in performance in the last few years. The incorporation of several micromotors with less power consumption characteristics and many electronic appliances is predicted to improve the micro motors market trends even more over the coming years.
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Micro Motors Market Competitive Analysis
The catalog for the leading participants across the global Micro Motors Market includes players such as:
- Mitsuba Corporation
- Wellings Holdings Ltd.
- Nidec Corporation
- Asmo Co. Ltd.
- Johnson Electric Holdings Limited
- Constar
- Mabuchi Motors
- Maxon Motors Ag
- Abb Ltd.
- Buler Motors Gmbh
Micro Motors Market Report Scope:
| Report Metric | Details |
| Growth Rate | CAGR of 2.7% from 2021 to 2027 |
| Base Year | 2020 |
| Study Period | 2021-2027 |
| Key Market Opportunities | Increasing demand from the automotive industry. |
| Key Market Drivers | Growing demand from the Automotive home appliance and medical equipment industries among others |
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Market USP Covered
Micro Motors Market Drivers
The global micro motors market has shown exponential expansion in the last few years. The rising demand for automotive equipment and continuous technological innovation are the primary aspects causing an upsurge in the market's performance. Therefore, the global market for micromotors size is experiencing a rise in demand, particularly in the automotive industry. Apart from that, the use of micro motors surpasses the different industries because of their flexible functions, such as 3D printing, medical equipment, electronic information, construction & mining equipment, industry automation, aircraft systems, agriculture equipment, etc. All the industry needs are likely to boost the expansion of the market.
Micro Motors Market Restraints
On the other hand, the micro motors market's development is likely to be restricted by several hampering parameters. These motors are considered to be less reliable because of their small lifespan. Therefore, recurrent change of the motor is needed at smaller time intervals. In addition, the high cost of raw materials is also predicted to hamper the development of the market over the coming years.
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COVID-19 Impact
The global Micro Motors Market has recently witnessed significant unexpected challenges, given the rise of global health hazards in the form of COVID-19. The imposition of travel restrictions and social distancing norms lead to causing severe losses in revenues for the market. On the other hand, with global activities returning to normal, the global Micro Motors Market is anticipated to increase over the coming years.
Micro Motors Market Segment Analysis
Among all the technologies, the brushed motors segment is anticipated to ensure the top spot across the global Micro Motors Market over the review era. The advantages of brushed DC motors include ease of maintenance, straightforward design, high torque speed, low noise level, and low cost. However, the brushless motors segment is predicted to show the maximum growth over the assessment period.
Among all the end-users, the automotive segment is predicted to ensure the leading position across the global market for micromotors over the assessment period. The segment's growth is ascribed to the factors such as rising worldwide vehicle production and a rising number of technologically advanced solutions.
Among all the types, the AC segment is predicted to hold the leading position across the global market for micromotors during the review era. The segment's growth is ascribed to the aspects such as the growing use of synchronous motors, higher efficiency compared to induction motors, usage of them in applications, and the cheap cost of permanent magnets.
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Micro Motors Market Regional Analysis
The global Micro Motors Market is studied across five significant geographies: Europe, Latin America, North America, the Middle East & Africa, and Asia-Pacific.
The MRFR analysis reports suggest that the Asia-pacific region is anticipated to ensure the top spot across the global Micro Motors Market over the review era. The growth of the regional market is ascribed to the aspects such as an increasing amount of power expenditure, increasing activities of construction & mining, and a growing need for healthcare centers.
The North American and European regional market for micromotors is also predicted to grow substantially over the coming years, given the technological development and high investments in R&D activities.
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