Market Research Report
Micro Motors - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||907673|
|Published||Content info||137 Pages
Delivery time: 2-3 business days
|Micro Motors - Global Market Outlook (2017-2026)|
|Published: August 19, 2019||Content info: 137 Pages||
According to Stratistics MRC, the Global Micro Motors market is accounted for $29.38 billion in 2017 and is expected to reach $52.22 billion by 2026 growing at a CAGR of 6.6% during the forecast period. Some of the key factors such as growing factory automation, and rising vehicle production are propelling the market growth. However,huge capital asset, and high preservation charge for brushed dc motors are hampering the growth of the market.
Micro-motors are small particle that drive themselves unconventionally in exact directions when positioned in a chemical solution. The micro-motor can be use to bring convinced medications. It can be used to bring nanoparticles into alive cell. The micro motor market is developing to raise the demand for the micro motor products in a number of fields such as medical, home appliances, automotive, defense.
Based on Technology, Brushless is likely to have a huge demand in commutation technology for longer provision life and consistency. In addition, they equip their motors with axial air gap technology for extraordinary power. All of these characteristics combine yield motors that are not only more power proficient, but can also last up to ten times longer than conventional motors. By Geography, Asia-Pacific is likely to have a lucrative growth as the automotive sector flourishes the region and signifies tremendous opportunities for the micro-motor manufacturers owing to its features that allow automakers to incorporate amenity along with luxury. Manufacturers are aiming at reducing the size of the micro motor while developing greater operational excellence to ensure better performance.
Some of the key players profiled in the Micro Motors Market include ABB Ltd, Asmo Co Ltd., Buhler Motors GmbH, CONSTAR MICROMOTOR CO., LTD., Johnson Electric Holdings Limited, Mabuchi Motors, Maxon Motors AG, Mitsuba Corporation, Nidec Corporation, and Wellings Holdings Ltd.
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.