Global Micro Motor Market Report 2017 to 2022: Analysis, Size, Share, Growth, Demand, Trends and Forecast 2017 - 2022

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth ofMicro Motor Market. The study is titled as “Micro Motor Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the GlobalMicro Motor Market.

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Fact.MR’s recently published report estimates the global micro motor market to register a moderate expansion at a little over 4% CAGR during the forecast period 2017 to 2022. Sales of micro motors will account for over US$ 30,000 Mn revenues in 2017; by 2022 this number is expected to incur average increment.

The adoption of brushless DC motors in electric vehicles has witnessed a robust expansion over the past few years. Micro motor manufacturers have been focusing on the development of portable charging tools related to electric vehicles, owing to the concerns associated with future environmental protection. In addition, numerous technological innovations in piezoelectric motors providing high precision have been introduced in the market. For instance, the M3 smart module platform – “SQUIGGLE motor”, developed by New Scale Technologies, has become the revolutionary piezoelectric small-sized micro motor, which delivers high performance. These incidences are expected to propel growth of the market during the forecast period.

Continuous advancements in electronic technology have prompted the micro motor industry to witness mutual merger & acquisition, and adjustment processes with players from drive manufacturing industry. Introduction of drive-to micro motors' modern design has boosted demand for manufacturing & production processes, and materials required for micro motors, which in turn will fuel growth of the global market for micro motors. In addition, growing number of car sales driven the application of electrical equipment. In vehicles, automatic & quantitative fuel injection system have replaced traditional carburetors, and small motors have replaced the ABS systems. These factors will further augment growth of the market.

APEJ will Remain Dominant in the Global Micro Motor Market

In terms of revenues, Asia Pacific excluding Japan (APEJ) is anticipated to be dominant in the global micro motor market in 2017, and this trend will continue to prevail during the forecast period. Europe will continue to be the second largest market for micro motor. Although, the micro motor market in the Middle East & Africa (MEA) will account for lower revenues, sales are expected to witness an above average expansion through 2022.

DC micro motors will continue to remain sought-after among products in the global micro motor market, with sales poised to register a moderate expansion through 2022. However, sales of AC micro motors are estimated to exhibit a sluggish expansion throughout the forecast period.

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Sales of 12V-48V Micro Motors to Register the Highest CAGR through 2022

On the basis of power consumption, 12V-48V micro motors are expected to remain dominant in the global market, with sales expanding at the highest CAGR through 2022. Sales of less than 12V micro motors are estimated to account for larger revenues as compared to above 48V micro motors. However, sales of above 48V micro motors will register a relatively higher CAGR than that of less than 12V micro motors.

Micro motors will continue to witness largest application in automotive sector, with revenues expected to account for over 1/4th share of the market. Industry automation is expected to be the second most lucrative sector for application of micro motors by 2022-end. However, demand for micro motors in aircraft applications will remain sluggish throughout the forecast period.

By technology, brushless micro motors will continue to witness the largest adoption in the global micro motor market. Sales of brushless micro motors are expected to exceed US$ 20,000 Mn in revenues by 2022-end. Sales of brushed motors will continue to witness a sluggish expansion through 2022.

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This release was published on openPR.