The benefits associated with micro motor such as high torque, low noise level, save energy, and increase operational efficiency fuel the market growth.
PORTLAND, OR, UNITED STATES, November 21, 2021 /EINPresswire.com/ — The global micro motor market has witnessed significant growth over the past decade, owing to benefits associated with micro motors, growth in micro motors in HVAC, and other end-user industry. In addition, rise in adoption of micro motors in servomotors drives the growth of the micro motor market.
However, high capital investment and downshift in the automotive industry are anticipated to restrain the growth of the global micro motor market. Conversely, use of micro motor in robots is projected to provide remunerative opportunities for the expansion of the global micro motor market.
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According to a new report published by Allied Market Research, titled, “Global Micro Motor Market by Type, Technology, Power Consumption, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global micro motor market size was valued at $36.48 billion in 2020, and is expected to reach $56.0 billion by 2030, with a CAGR of 4.1% from 2021 to 2030.
Micro motor is compact in size, possesses high torque, requires less maintenance, is low noise level, and provides better torque to weight ratio. This motor is used in various applications such as automotive, beauty & healthcare products, and robotics. Such instances drive the growth of the micro motor market.
Major Key Players
Mabuchi Motor Co Ltd
Buhler Motor GmbH
Johnson Electric Holdings Limited
Maxon Motor AG
Arc Systems Inc
Constar Micromotor Co Ltd
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Key Benefits For Stakeholders
The report provides an extensive analysis of the current micro motor market trends and future estimations.
Extensive analysis of the global micro motor market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global micro motor market forecast analysis from 2021 to 2030 is included in the report.
The key market players within the global micro motor market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global micro motor market.
Key Market Segments
By Power Consumption
More than 50V
Automotive & Aerospace
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Source: EIN Presswire