Micro Motors Market Information Report by Application (Automotive, Medical Equipment, Industrial Automation and others), by Technology (Brushed and Brushless), by Power Consumption (>11v, 12v-24v, 25v-48v, <48v) and by Region – Global Forecast to 2022
Micromotors are defined as very small particles that can move on their own. Micromotors are measured in microns. Market Size Research Future (MRFR) has published a research report about the global Micro Motors Market that predicts growth for this Market Size during the forecast period between 2016 and 2022.
Observing the Market Size structure, this report offers insights about factors affecting Market Size growth. Measuring the Market Size size and foretelling the revenue, this report examines and monitors the competitive developments of Market Size players that include joint ventures, new product developments, mergers and acquisitions, research and developments (R&D), and strategic alliances.
The key factor driving the global Micro Motors Market growth is increasing demand from the automotive industry. The second factor contributing to the Market Size growth is rapid integration of high-quality micro motor various industries due to recent technological developments which have resulted in increasing demand in the micromotors Market Size. The rise of the new Market Size is also leading to the global Micro Motors Market growth.
The global Micro Motors Market has been segmented on the basis of application, power consumption, technology, and lastly, region. The application-based segmentation segments this Market Size into automotive, industrial automation, medical equipment, and others. As per power consumption, the Market Size has been segmented into micro motors consuming power less than 11 volts, 12 volt – 24 volt, 25 volt – 48 volt, and above 48 volts. Based on technology, the Market Size has been segmented into the brushed and brushless.
The regional segmentation of the global Micro Motors Market segments the Market Size into the regional Market Sizes known North America, Europe, Asia Pacific, and rest of the world (RoW). During the forecast period, the Asia Pacific region is expected to dominate the global Market Size due to the rapid increase in the construction and mining activities in this region. Other factors leading to Market Size growth in this region are growing healthcare centers and increasing disposable income of users. Priority country-specific Market Sizes in this region are China, India, and Japan, followed by the remaining Asia Pacific countries.
Europe and North America are expected to form a big chunk of the global Market Size together due to the technological development and presence of many key Market Size players in these regions. In Europe, the vital country-specific Market Sizes are France, Germany, Italy, and the United Kingdom (UK), followed by the remaining countries in Europe. German Multinational Design Company Puma has introduced Puma Fi trainers, with micromotor based laces that get tightened on their own. The maximum revenue-generating country-specific Market Sizes in North America are the USA, Canada, and Mexico.
The RoW segment covers South America and the Middle East & Africa (MEA) region. In South America, the Market Size is growing slowly due to slow economic growth in this region. The most important country-specific Market Sizes in South America are Argentina and Brazil, followed by the remaining countries in South America. In the MEA region, the Market Size is growing due to the demand for vehicles. However, the Market Size is limited in this region due to lack of necessary infrastructure, lack of technology, lack of awareness, and lack of education. In the MEA region, the major country-specific Market Sizes are Saudi Arabia, South Africa, Qatar, and the UAE, followed by the remaining countries in the MEA region.
The key players in the global Micro Motors Market include Abb Ltd (Switzerland), Asmo Co Ltd. (USA), Buhler Motors Gmbh (Germany), Empereon-Constar (USA), Johnson Electric Holdings Limited (Hong Kong), Mabuchi Motors (Japan), Maxon Motors Ag (Switzerland), Mitsuba Corporation (Japan), Nidec Corporation (Japan), and Wellings Holdings Ltd. (China).