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Micro Motors Trends and Forecast
The future of the global micro motors market looks promising with opportunities in the automotive, medical equipment system, industrial automation, aircraft systems, construction & mining, agriculture equipment system, and 3d printer system markets. The global micro motors market is expected to reach an estimated $79.9 billion by 2030 with a CAGR of 8.9% from 2024 to 2030.The major drivers for this market are rindustry-wide downsizing for manufacturing small devices, the development of driverless and electric cars, as well as precise manufacturing, and increasing industrialization, urbanization, and technical developments.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Micro Motors by Segment
The study includes a forecast for the global micro motors by type, technology, power consumption, application, and region.
Micro Motors Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• AC Motor
• DC Motor
Micro Motors Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Brushed
• Brushless
Micro Motors Market by Power Consumption [Shipment Analysis by Value from 2018 to 2030]:
• <11V
• 12–24V
• 25-48V
• >48 Kw
Micro Motors Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Medical Equipment System
• Industrial Automation
• Aircraft Systems
• Construction & Mining
• Agriculture Equipment System
• 3D Printer System
Micro Motors Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Micro Motors Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies micro motors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the micro motors companies profiled in this report include-
• MITSUBA
• Nidec
• Johnson Electric
• Mabuchi Motor
• Maxon
Micro Motors Market Insights
Lucintel forecasts that AC motor is expected to witness the higher growth over the forecast period due to operation at higher speeds and with lower power consumption.
Within this market, medical equipment system is expected to witness the highest growth due to increasing use of advanced technologies in portable medical devices.
APAC will remain the largest region over the forecast period due to growing automation use and a strong manufacturing sector in nations like China, Japan, and India.
Features of the Global Micro Motors Market
Market Size Estimates: Micro motors market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Micro motors market size by various segments, such as by type, technology, power consumption, application, and region in terms of value ($B).
Regional Analysis: Micro motors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, technology, power consumption, application, and regions for the micro motors market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the micro motors market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the micro motors market size?
Answer: The global micro motors market is expected to reach an estimated $79.9 billion by 2030.
Q2. What is the growth forecast for micro motors market?
Answer: The global micro motors market is expected to grow with a CAGR of 8.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the micro motors market?
Answer: The major drivers for this market are rindustry-wide downsizing for manufacturing small devices, the development of driverless and electric cars, as well as precise manufacturing, and increasing industrialization, urbanization, and technical developments.
Q4. What are the major segments for micro motors market?
Answer: The future of the micro motors market looks promising with opportunities in the automotive, medical equipment system, industrial automation, aircraft systems, construction & mining, agriculture equipment system, and 3d printer system markets.
Q5. Who are the key micro motors market companies?
Answer: Some of the key micro motors companies are as follows:
• MITSUBA
• Nidec
• Johnson Electric
• Mabuchi Motor
• Maxon
Q6. Which micro motors market segment will be the largest in future?
Answer: Lucintel forecasts that AC motor is expected to witness the higher growth over the forecast period due to operation at higher speeds and with lower power consumption.
Q7. In micro motors market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing automation use and a strong manufacturing sector in nations like China, Japan, and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the micro motors market by type (AC motor and DC motor), technology (brushed and brushless), power consumption (<11v, 12–24v, 25-48v, and >48 kw), application (automotive, medical equipment system, industrial automation, aircraft systems, construction & mining, agriculture equipment system, and 3d printer system), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Micro Motors Market, Micro Motors Market Size, Micro Motors Market Growth, Micro Motors Market Analysis, Micro Motors Market Report, Micro Motors Market Share, Micro Motors Market Trends, Micro Motors Market Forecast, Micro Motors Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Micro Motors Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Micro Motors Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Micro Motors Market by Type
3.3.1: AC Motor
3.3.2: DC Motor
3.4: Global Micro Motors Market by Technology
3.4.1: Brushed
3.4.2: Brushless
3.5: Global Micro Motors Market by Power Consumption
3.5.1: <11V
3.5.2: 12–24V
3.5.3: 25-48V
3.5.4: >48 KW
3.6: Global Micro Motors Market by Application
3.6.1: Automotive
3.6.2: Medical Equipment System
3.6.3: Industrial Automation
3.6.4: Aircraft Systems
3.6.5: Construction & Mining
3.6.6: Agriculture Equipment System
3.6.7: 3D Printer System
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Micro Motors Market by Region
4.2: North American Micro Motors Market
4.2.2: North American Micro Motors Market by Application: Automotive, Medical Equipment System, Industrial Automation, Aircraft Systems, Construction & Mining, Agriculture Equipment System, and 3D Printer System
4.3: European Micro Motors Market
4.3.1: European Micro Motors Market by Type: AC Motor and DC Motor
4.3.2: European Micro Motors Market by Application: Automotive, Medical Equipment System, Industrial Automation, Aircraft Systems, Construction & Mining, Agriculture Equipment System, and 3D Printer System
4.4: APAC Micro Motors Market
4.4.1: APAC Micro Motors Market by Type: AC Motor and DC Motor
4.4.2: APAC Micro Motors Market by Application: Automotive, Medical Equipment System, Industrial Automation, Aircraft Systems, Construction & Mining, Agriculture Equipment System, and 3D Printer System
4.5: ROW Micro Motors Market
4.5.1: ROW Micro Motors Market by Type: AC Motor and DC Motor
4.5.2: ROW Micro Motors Market by Application: Automotive, Medical Equipment System, Industrial Automation, Aircraft Systems, Construction & Mining, Agriculture Equipment System, and 3D Printer System
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Micro Motors Market by Type
6.1.2: Growth Opportunities for the Global Micro Motors Market by Technology
6.1.3: Growth Opportunities for the Global Micro Motors Market by Power Consumption
6.1.4: Growth Opportunities for the Global Micro Motors Market by Application
6.1.5: Growth Opportunities for the Global Micro Motors Market by Region
6.2: Emerging Trends in the Global Micro Motors Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Micro Motors Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Micro Motors Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: MITSUBA
7.2: Nidec
7.3: Johnson Electric
7.4: Mabuchi Motor
7.5: Maxon
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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