Micro Motor Market 2021 : Demand, Supply, Growth Factors, Latest Rising Trend & Forecast to 2030

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. In 2020, Asia-Pacific dominated the global micro motor market, in terms of revenue, accounting for around 41.40% share of the global market.

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The global micro motor market is segmented on the basis of type, technology, power consumption, application, and region. On the basis of type, the market is divided into AC and DC. The AC segment generated the highest revenue in 2020. Based on technology, the market is bifurcated into brushed and brushless. The brushed segment dominated the market in 2020. On the basis of power consumption, the market is categorized into less than 10V, 10V-20V, and more than 20V. More than 20V segment generated the highest revenue in 2020. Based on application, the market is divided into industrial, automotive & aerospace, healthcare, and others. The industrial segment dominated the market in 2020.

Region wise, the global micro motor market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global micro motor market share, and is anticipated to secure a leading position during the forecast period. 

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Major players such as Mitsuba Corporation, Portescap, and Siemens AG launched new micro motor in the market. For instance, in April 2018, Mabuchi Motor Co Ltd launched a RS-4G5WA motor used for peripheral engine equipment. It has features such as improved heat resistance, improved vibration resistance, and have high torque speed, having output capacity of 2.0 W to 33 W. It weights approximately 125 g.
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.

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The global micro motor market has witnessed significant growth over the past decade, owing to benefits associated with micro motors, growth in micro motors in HVAC, and other end-user industry. In addition, rise in adoption of micro motors in servomotors drives the growth of the micro motor market. However, high capital investment and downshift in the automotive industry are anticipated to restrain the growth of the global micro motor market. Conversely, use of micro motor in robots is projected to provide remunerative opportunities for the expansion of the global micro motor market

Key Findings Of The Study
• The report provides an extensive analysis of the current and emerging global micro motor market trends and dynamics.
• Depending on type, the AC segment was the largest revenue generator in 2020.
• By technology, the brushed segment generated the highest revenue in 2020.
• On the basis of power consumption, the more than 20V segment accounted for the highest revenue in 2020.
• Based on application, the industrial segment dominated the market in 2020.
• Region wise, Asia-Pacific is anticipated to dominate the global micro motor market throughout the study period.

Competition Analysis
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, and Siemens AG.

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