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Pulished Date February, 2021
ID: 11131
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Micro Motor Market Segmentation By Type (AC, DC), By Technology (Brushed, Brushless), By Power Consumption (Below 11v, 12-24V, 25-28V, Above 48V), By Application (Automotive, Medical Equipment, Industrial Automation, Aircraft, Agricultural Equipment, Construction and Mining Equipment, 3D Printing) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: February, 2021
ID: 11131
Pages: 175

Micro Motor Market Size, Trends & Growth (2021 - 2026)

Automotive micromotors are electric motors used in vehicles. Motors generally run-on weak Faraday electromagnetic induction and convert electrical energy into mechanical energy.

AC micromotors are electric motors that run on alternating current. DC micromotors are electric motors that run on direct current and convert electrical energy into mechanical energy. Brushed micromotors consist of an armature or rotor, a field magnet, a shaft, a commutator, and brushes. The brushes develop a polarity on the collector that is opposite to the polarity of the field magnet, causing the armature or rotor to rotate. The pivot course of the rotator can be clockwise or by turning around the extremity of the brushes, the rotator can pivot counterclockwise.

Global micro motors market was valued at $ 35.4 billion in 2021 and is expected to generate revenue of around $ 48.5 billion by the end of 2026, with a CAGR of over 4.6% between 2021 and 2026.

In brushless micromotors, four or more permanent magnets are placed around the armature or rotor in a cross shape. Brushless micromotors do not require power and are also known as synchronous motors and are available in three-phase, two-phase, and single-phase.

Recent Developments:

  • Maxon dispatches the up-and-coming age of movement regulators with its MiniMACS6-AMP-4/50/10. The regulator is ideal for use in applications where PLC arrangements might be too costly or not meet explicit client necessities.
  • Johnson Electric announced the compact DC motor product line that offers the highest power density in the industry. This innovation is based on Johnson Electric's exclusive Curve technology.
  • Nidec Copal Corporation has procured the Micro Motor Business from Nidec Seimitsu Corporation. Through the mix and collaboration of innovation, it can improve R&D and designing limit and expanded market intensity.

IMPACT OF COVID-19 ON MICRO MOTOR MARKET:

Since the outbreak in 2019, the coronavirus has spread to nearly 100 countries around the world, and the WHO declared it a public health emergency. The global impacts of the coronavirus disease are already beginning to be felt and affecting the automotive micro motor market. COVID-19 can affect the worldwide economy by directly affecting production and demand, creating disruptions in the supply chain and the market, and through its financial impact on commercial and financial markets. The Coronavirus has affected many aspects, such as flight cancellations; travel bans and quarantines; closed restaurants; all indoor events are restricted; more than 40 countries have declared a state of emergency; massive drop in the supply chain; volatility of the stock market; decline in business confidence, growing panic among humans and uncertainty related to the future. The world is grappling with uncertainties and several countries have imposed restrictions that would have a severe impact on economic activities not only for now, but during an extended period of time. It is currently one of the least affected countries among the densely populated countries; there are approximately 0.39 cases per million inhabitants: negligible compared to 1,350 cases per million Italians or 258 cases per million Americans. India's decision to block the entire country by closing businesses, restricting the movement of people for a period of 21 days, and the subsequent decision to "stay home" to combat the spread of the disease contagion, and was highly appreciated by top executives around the world. This move should be risky for the pace of economic progress, as it slows down business operations and paralyzes economic activity for a significant period.

Drivers and Restraints of Micro Motor Market:

Drivers:

Growing demand for micromotor products in automotive, medical, military, aeronautical systems, industrial automation, home appliances, communication equipment, electrical information equipment and 3D printing could further increase the growth of the global micro motor market in the future. Micromotors are used in laboratory automation systems. The large-scale use of laboratory automation systems has elevated the market for automotive microproducts.

Restraints:

One of the biggest challenges to the makers in the micromotor market is counterfeiting. Approximately 40% of the parts sold in the aftermarket are counterfeits. Fake products are mainly unauthorized replacement parts available on the market. These unauthorized products involve those that are fake and are sold by suppliers to dealers.

Micro Motor Market Segmentation:

By Type

  • AC
  • DC

By Technology

  • Brushed
  • Brushless

Any expert in motion control should understand the difference between brushed and brushless DC motors. Brushed motors were once very common. Although they have been largely superseded by their brushless counterparts, the correct DC motor of any type can make a project much more efficient.

By Power Consumption

  • Below 11V
  • 12 – 24V
  • 25 – 48V
  • Above 48V

By Application

  • Automotive
  • Medical Equipment
  • Industrial Automation
  • Aircraft
  • Agricultural Equipment
  • Construction & Mining Equipment
  • 3D Printing

3D printing, also known as additive manufacturing, is a method of creating a layer-by-layer three-dimensional object using a computer-created design. Specialized equipment for underground mining such as trucks, loaders, excavators, etc., are used to excavate material and are typically transported to the surface with containers or elevators for further processing.

Micro Motor Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America is a leading market for micromotors in the world. The United States is the biggest market in North America, trailed by Canada. Europe is another significant market for micromotors on the planet. Germany is the largest market in Europe. France, Italy, Spain, the United Kingdom, Belgium, Sweden and the Netherlands are other important markets in Europe. The Asia Pacific locale is supposed to rule the micromotors market because of the quick expansion in development and mining action in this area. The development of security focuses, the expansion in buying power are a portion of the components that can be ascribed to the development of the micromotor market in this locale. Latin America is an important market for micromotors, dominated by Brazil, Mexico and Argentina. Brazil is the largest micromotor market in Latin America.

Key Players of Market:

Some of the key players in the global Micro Motors market are Mitsuba Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motors, ABB Ltd, Wellings Holdings Ltd, Asmo Co Ltd., Constar, Maxon Motors Ag, and Buhler Motors Gmbh.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Micro Motor Market, By Type           

                    6.1.1 AC      

                    6.1.2 DC      

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Micro Motor Market, By Application            

                    6.2.1 Automotive   

                    6.2.2 Medical Equipment  

                    6.2.3 Industrial Automation        

                    6.2.4 Aircraft         

                    6.2.5 Agricultural Equipment      

                    6.2.6 Construction & Mining Equipment

                    6.2.7 3D Printing    

                    6.2.8 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.9 Y-o-Y Growth Rate Analysis         

                    6.2.10 Market Attractiveness Index       

          6.3 Micro Motor Market, By Technology           

                    6.3.1 Brushed         

                    6.3.2 Brushless       

                    6.3.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Micro Motor Market, By Power Consumption                   

                    6.4.1 Below 11V     

                    6.4.2 12 – 24V       

                    6.4.3 25 – 48V       

                    6.4.4 Above 48V    

                    6.4.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.6 Y-o-Y Growth Rate Analysis         

                    6.4.7 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Application

                    7.2.4 By Technology          

                    7.2.5 By Power Consumption       

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Application

                    7.3.4 By Technology          

                    7.3.5 By Power Consumption       

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Application

                    7.4.4 By Technology          

                    7.4.5 By Power Consumption       

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Application

                    7.5.4 By Technology          

                    7.5.5 By Power Consumption       

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Application

                    7.6.4 By Technology          

                    7.6.5 By Power Consumption       

8. Key Player Analysis                           

          8.1 Mitsuba Corporation             

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Nidec Corporation                 

          8.3 Johnson Electric Holdings Limited              

          8.4 Mabuchi Motors          

          8.5 ABB Ltd            

          8.6  Wellings Holdings Ltd          

          8.7 Asmo Co Ltd              

          8.8 Constar            

          8.9 Maxon Motors AG                 

          8.10 Buhler Motors Gmbh           

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Micro Motor Market By Region, From 2021-2026 ( USD Billion )
  2. Global Micro Motor Market By Type, From 2021-2026 ( USD Billion )
  3. Global AC Market By Region, From 2021-2026 ( USD Billion )
  4. Global DC Market By Region, From 2021-2026 ( USD Billion )
  5. Global Micro Motor Market By Application, From 2021-2026 ( USD Billion )
  6. Global Automotive  Market By Region, From 2021-2026 ( USD Billion )
  7. Global Medical Equipment  Market By Region, From 2021-2026 ( USD Billion )
  8. Global Industrial Automation  Market By Region, From 2021-2026 ( USD Billion )
  9. Global Aircraft  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Agricultural Equipment  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Construction & Mining Equipment  Market By Region, From 2021-2026 ( USD Billion )
  12. Global 3D Printing  Market By Region, From 2021-2026 ( USD Billion )
  13. Global Micro Motor Market By Technology, From 2021-2026 ( USD Billion )
  14. Global Brushed Market By Region, From 2021-2026 ( USD Billion )
  15. Global Brushless Market By Region, From 2021-2026 ( USD Billion )
  16. Global Micro Motor Market By Power Consumption, From 2021-2026 ( USD Billion )
  17. Global Below 11V  Market By Region, From 2021-2026 ( USD Billion )
  18. Global 12 – 24V  Market By Region, From 2021-2026 ( USD Billion )
  19. Global 25 – 48V  Market By Region, From 2021-2026 ( USD Billion )
  20. Global Above 48V  Market By Region, From 2021-2026 ( USD Billion )

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