Micro Motor Market Size, Share & Trend Analysis, By Type, By Technology, By Power Consumption, By Application, By Geography Competitive Tactics, and Segment Forecast to 2030

Micro Motor Market: Introduction

Reports & Insights predicts that the global micro motor market is expected to grow at a CAGR of 5.6% during the forecast period from 2022 to 2030. Furthermore, the total value of the global micro motor market is slated to reach US$ 60.3 Bn by 2030, rising from US$ 39.2 Bn in 2022.

 

 

The Reports and Insights team has drafted a market research report on the micro motor market with the objective of identifying the primary market drivers, market trends, challenges, and opportunities that business owners encounter. The report includes the market segmentation forecast, geographic perspective, and recent market developments for the micro motor market. Additionally, it provides extensive information on market size, market share, industry and product insights, SWOT analysis, Porter's five forces analysis, PESTEL analysis, heat map analysis, market forecast, and prominent market players of the micro motor market.

A micro motor is a small electric motor typically designed to produce high rotational speeds with low torque output. These miniature motors are used in various applications, ranging from consumer electronics to medical devices, robotics, and aerospace.

 

 

The high demand for micro motors is driven by their compact size, high efficiency, and low power consumption, which make them ideal for use in small-scale applications where space is limited and power requirements are low. As technology advances and miniaturization becomes increasingly important, the demand for micro motors is expected to grow in the coming years.

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Scope of the Report:

 

Report Metric	Report Details
Market size available for the years	2020-2030
Base year	2021
Forecast Period	2022-2030
Segments Covered	By Type, By Technology, By Power Consumption, By Application and By Region
Regions Covered	North America The U.S. & Canada Latin America Brazil, Mexico, Argentina, & Rest of Latin America Asia Pacific China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific Europe                                                                            The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe Africa North Africa, Egypt, & Rest of Africa The Middle East GCC Countries, Israel, & Rest of the Middle East
Companies Covered	Mitsuba Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motors, Abb Ltd., Wellings Holdings Ltd., Asmo Co. Ltd., Constar, Maxon Motors Ag, Buler Motors Gmbh, Risun Expanse Corp., Kin Yat Holdings Ltd., Arun Microelectronics Ltd., Shenzhen Zhaowei Machinery & Electronics Co. Ltd., Citizen Micro Co. Ltd.,, Dr. Fritz Faulhaber Gmbh & Co., Lunar Motors Pvt. Ltd., Foshan Shunde Hengxing Micro-Motor Co., Ltd., Piezomotor, Zhengke among others.

 

Micro Motor Market: Dynamics

 

Drivers:

 

Growing Demand for Automation

The trend towards automation in various industries, such as manufacturing, automotive, and healthcare, drives the demand for micro motors. The trend towards automation is driven by the need for increased efficiency, productivity, and cost savings in various industries such as automotive, consumer electronics, medical, and aerospace. In the context of micro motors, automation is driving demand due to the need for precise and reliable motion control in automated systems. Micro motors are widely used in automation systems to precisely control the movement of various components, such as robotic arms, conveyor belts, and actuators. Micro motors' high precision and accuracy make them ideal for automation applications requiring precise movement control. Owing to which, the global micro motor market is projected to rise significantly over the years.

 

Surging Trend of Electric Vehicles

The surging trend of electric vehicles is a significant market driver for micro motors due to the increasing demand for smaller, more efficient, and powerful motors needed for electric vehicle applications. Electric vehicles (EVs) rely on electric motors to convert electrical energy stored in the battery into mechanical energy that drives the wheels. These electric motors require various components, including micro motors, to function correctly. Micro motors are small, highly efficient, compact, and lightweight electric motors, making them ideal for use in electric vehicles. In addition to that, electric vehicles require precisely engineered motors to ensure a powerful and reliable operation which can operate for longer periods without overheating or failing. As a result, micro motors have become essential components for EVs, and their demand has grown rapidly as the market for electric vehicles has expanded.

 

Growing Demand for High Precision & Miniaturization

In recent years, the market is witnessing a growing trend of high precision and miniaturization in various industries, which is another major factor projected to accelerate the micro motor market growth and create new market opportunities for micro motors. This trend is being driven by various industries, including healthcare, aerospace, and consumer electronics, which increasingly require smaller, more precise components to meet the demands of their applications. Micro motors are highly efficient, compact, and lightweight, making them ideal for high-precision and miniaturization applications. The demand for micro motors in industries such as healthcare is growing rapidly, where they are being used in medical devices such as surgical tools and implantable devices. In aerospace, micro motors are being used in miniature unmanned aerial vehicles (UAVs) and drones, where their small size and efficiency are critical. Attributing to said factors, the global micro motor market is anticipated to rise substantially in the coming years.

 

Micro Motor Market: Restraints

 

High Costs of Production of Micro Motor

One significant market restraint for micro motors is the high cost of production. Micro motors require precise engineering and manufacturing processes to ensure high efficiency and reliability, which can be costly. Additionally, the use of high-quality materials and advanced technologies increases the production cost of micro motors, making them more expensive than traditional motors. Such factors are estimated to slow down the micro motor market growth over the forecast period.

 

Micro Motor Market Segmentation Outlook

 

 

The micro motor market is segmented based on type, technology, power consumption, application, and region.

By Type

• AC
• DC

 

By Technology

• Brushed Motor
• Brushless Motor

 

By Power Consumption

• Below 9V
• 10V-20V
• 21V-50V
• More than 50V

 

By Application

• Automotive
• Medical Equipment
• Industrial Automation
• Aircraft
• Agricultural Equipment
• Construction & Mining Equipment
• 3D Printing

 

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

 

Micro Motor Market Key Players

Some of the key participating players in the micro motor market are:

Mitsuba Corporation

Nidec Corporation

Johnson Electric Holdings Limited

Mabuchi Motors

Abb Ltd.

Wellings Holdings Ltd.

Asmo Co. Ltd.

Constar

Maxon Motors Ag

Buler Motors Gmbh

Risun Expanse Corp.

Kin Yat Holdings Ltd.

Arun Microelectronics Ltd.

Shenzhen Zhaowei Machinery & Electronics Co. Ltd.

Citizen Micro Co. Ltd.,

Dr. Fritz Faulhaber Gmbh & Co.

Lunar Motors Pvt. Ltd.

Foshan Shunde Hengxing Micro-Motor Co., Ltd.

Piezomotor

 Zhengke

 

Micro Motor Market: Regional Analysis

 

North America:

The North American market for micro motors is mature and highly competitive, with the presence of major players such as Johnson Electric, Maxon Motors, and Faulhaber Group. The increasing demand for automation, robotics, medical devices, and automotive applications drives the market.

 

Europe:

The European micro motor market is also projected to witness significant growth over the forecast period. The Europe region in the micro motor market is majorly driven by the rise in the adoption of automation and robotics in various industries. Also, the growing demand for high precision and miniaturization is also estimated to drive the micro motor market growth in Europe.

 

Asia Pacific:

The Asia Pacific micro motor market is the fastest-growing market globally and is currently dominating the micro motor market, driven by the increasing demand for consumer electronics, automotive, and industrial automation applications. China is the largest market for micro motors in the Asia Pacific, accounting for a significant share of the market due to the presence of many manufacturers and the increasing adoption of automation and robotics in various industries.