The Micro Motor Market report gives strength to organization and helps to make better decisions for steering the business on the right track. This research study helps the customer understand the various drivers and restraints impacting the market during the forecast period. To succeed in this competitive market place, businesses must look for a better solution to refine their business strategies. The data collected for generating this report is checked and validated by the market experts for the readers and end users. This report offers broader perspective of the market place with its comprehensive market insights and analysis.
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market.
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Global Micro Motor Market, By Type (AC, DC), Technology (Brushed, Brushless), Power Consumption (Less than 11 Volts, 12-24 Volts, 25-48 Volts, More than 48 Volts), Application (Automotive, Aerospace, Agriculture Equipment System, 3D Printing, Construction & Mining Equipment System, Medical Equipment), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Competitive Analysis: Global Micro Motor Market
Global micro motor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of micro motor market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Micro Motor Market
Few of the major competitors currently working in the micro motor market are Johnson Electric Holdings Limited, Mitsuba Corp., Nidec Corporation, Bühler Motor GmbH, ABB, MABUCHI MOTOR CO. LTD., maxon motor ag, CONSTAR MICROMOTOR CO. LTD, DENSO CORPORATION, Siemens AG, cgglobal.com, FAULHABER Group, Changzhou Fulling Motor Co.Ltd., ABShot Tecnics S.L., New Guanlian Motor, Telco, Shinano Kenshi Co.Ltd., Precision Microdrives Limited, and Printed Motor Works.
Market Definition: Global Micro Motor Market
Micro motors are small sized electrical motors that convert the electrical energy into mechanical energy. These motors are sourced either through alternate or direct current sources. They work along the same platform of an electric generator just in reverse, for example in electric generator mechanical energy is converted into electrical energy and then sourced out for the electrical appliances and motors, whereas electric motors convert this electric energy received from the electric generators and convert into mechanical energy to work the appliance they are installed upon.
- Increasing demand and application from the various industries and segments is expected to drive the market growth
- Advancements in technology and demand from developing regions and countries is also expected to drive the market growth
- High cost for the maintenance of brushed DC motor is expected to restrain the market growth
- High investment and installation of automated production which employs these micro motors are expected to restrain the market growth
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Segmentation: Global Micro Motor Market
- By Type
- AC Micro Motor
- DC Micro Motor
- By Technology
- Brushed Micro Motor
- Brushless Micro Motor
- By Power Consumption
- Less than 11 Volts
- 12-24 Volts
- 25-48 Volts
- More than 48 Volts
- By Application
- Power Window
- Power Mirror
- Infotainment Systems
- Door Locks
- Fuel Injection Systems (FIS)
- Anti-Lock Braking System (ABS)
- Power Seats
- Agriculture Equipment System
- 3D Printing
- Construction & Mining Equipment System
- Medical Equipment
- Portable Devices
- Powered Surgical Instruments
- Lab Automation
- Dental Systems & Equipment
- By Geography
- North America
- South America
- Asia Pacific
- Middle East and Africa
Key Developments in the Market:
- In December 2017, DENSO CORPORATION announced that it had agreed to integrate ASMO Co. Ltd. into itself. The integration is aimed at developing and advancing the environment-friendly micro motors.
- In April 2016, Changzhou Fulling Motor Co.Ltd. announced the launch of its two new brushless three-phase motors – 57BLSH40 and 57BLSH60. This product launch will reinforce the market position of the company in the various segments.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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