Press release
Micro Motor Market Growing at a CAGR of 4.1% to Reach $56,066.2 Million by 2030
Micro Motor Market
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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.
Growing popularity of micro motors, owing to electronic computation in automation and construction applications drives the demand for micro motors in luxury features in the automobiles and electrical vehicles, which fuels the micro motor market growth. For instance, according to Indian Brand Equity Foundation, the pharmaceutical industry in India grew by 10.5% from 2018 to 2019.
Key Market Players
Mabuchi Motor Co Ltd
Nidec Corporation
Buhler Motor GmbH
Johnson Electric Holdings Limited
Maxon Motor AG
Arc Systems Inc
ABB Group
Mitsuba Corporation
Constar Micromotor Co Ltd
Siemens AG.
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Key Market Segmentation
By Type
AC
DC
By Technology
Brushed Motor
Brushless Motor
By Power Consumption
Below 9V
10V-20V
21V-50V
More than 50V
By Application
Industrial
Automotive & Aerospace
Healthcare
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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