Press release
Global Vibration Motors Market to Grow at Over 13% CAGR through 2026
The global vibration motors market is likely to grow at a double-digit CAGR and reach nearly US$ 10 Bn in revenues by the end of forecast period 2017-2026. According to the report, demand for vibration motors is increasing on account of its wide-ranging applications in various end-use industries.For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=318
The report offers market forecast and analysis on the global vibration motors market, giving users comprehensive insights and analysis on the key factors that are likely to fuel the growth of the market during the assessment period.
In a bid to give users, detailed insights and analysis on the global vibration motors market, the report has segmented the market on the basis of region, product type, application, motor type, and voltage rating.
On the basis of region, the report offers market forecast and analysis in North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East & Africa (MEA). According to the report, APEJ remains one of the leading markets for vibration motors globally, and is likely to offer numerous growth opportunities to players during the forecast period.
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The market in Middle East & Africa (MEA) is likely to witness a robust CAGR, albeit it will grow from a small base. The market in North America is likely to offer a host of opportunities to global players, with US remaining at the forefront of demand.
On the basis of product type, the market has been segmented into eccentric rotating mass, encapsulated, brushed coin, PCB mounted, brushless coin, linear resonant actuators, and encapsulated. Brushed coin motors are likely to be one of the most lucrative product type segments.
Demand is also likely to remain lucrative in brushless coin motors, although the revenues are not likely to be as formidable as brushed coin motors.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/318
Market Taxonomy
Product Type
• Eccentric Rotating Mass
• Brushed Coin
• Brushless Coin
• PCB Mounted
• Linear Resonant Actuators
• Encapsulated
Application
• Consumer Electronics
• Industrial Handheld Tools or Equipment
• Medical Applications
• Others
Motor Type
• AC Motor
• DC Motor
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/10/03/1924808/0/en/Increasing-Commuter-Preference-for-Shared-Taxi-Will-Boost-the-Demand-for-Minibus-Finds-Fact-MR.html
On the basis of voltage rating, the market has been segmented into ‘less than 1.5 V, 1.5 V to 2 V, and above 2 V. Among these, demand for 2 V is likely to remain significant during the forecast period, and account for a high revenue share. According to the report, the 2 V segment is likely to surpass US$ 4.5 Bn in revenues by the end of 2026.
Key players profiled in the report include Denso, Mitsuba, Asmo, Nidec Corporation, Yaskawa, Mabuchi, LG Innotek, Shanbo Motor, Fimec Motor, and Sinano.
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