Sales Of AC Micro Motors To Reach US$ 8.6 Billion By 2031

As per a revised report published by Fact.MR - a Micro Motor Market research and competitive intelligence provider, the global micro motor Micro Motor Market is expected to reach a Micro Motor Market value of US$ 56.6 Bn by the end of 2031, and is likely proliferate at a CAGR of 4.5% over the coming ten years.

Adoption of new technologies such as automatic welding machines, robotic arms, and automatic wheelchairs has diversified the application of micro motors in various end-use industries. Moreover, the special features of micro motors make them ideal for use in modern electrical and electronic systems with limited space and power.

The global micro motor industry is consolidated at the top and fragmented at the bottom, due to small investments, less cost, and easy availability of skilled labour

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Key Takeaways from Market Study

The global micro motor Micro Motor Market is anticipated to offer an absolute dollar opportunity of US$ 20.5 Bn by 2031.
Demand for DC micro motors is projected to increase at a CAGR of close to 5% over the next ten years.
The automotive application segment is projected to gain 141 BPS and attain a Micro Motor Market share of 27.5% by 2031.
APEJ leads the global Micro Motor Market accounting for over 1/3 revenue generation.
China holds the highest Micro Motor Market value of US$ 5.2 Bn in APEJ, and is expected to grow 1.7X by 2031.
In MEA, Israel holds the lowest share and is foreseen to lose 59 BPS by 2031.

Market Segments Covered in Micro Motor Industry Research

By Product Type

DC Micro Motors
AC Micro Motors

By Power Consumption

Less than 12V Micro Motors
12V-48V Micro Motors
More than 48V Micro Motors

By Application

Micro Motors for Automotive
Micro Motors for Medical Equipment Systems
Micro Motors for Industry Automation
Micro Motors for Agriculture Equipment System
Micro Motors for Aircraft Systems
Micro Motors for Construction & Mining Equipment Systems
Micro Motors for 3D Printing

By Technology

Brushed Micro Motors
Brushless Micro Motors

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Competitive Landscape

Moreover, prominent players seem to be most interested in acquisitions, collaborations, capacity expansion, and building global distribution and sales networks.

Some of the key developments are:

In December 2020, ABB Ltd opened a new global R&D centre in Delft University's technology campus, Netherlands, with an investment of US$ 10 Mn, to empower next-gen solutions for e-mobility.
In February 2021, Nidec announced the acquiring of shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd.
In March 2021, The Maxon Group increased its presence in France. The company is investing EUR 10 million in a new Innovation and Production Center in Beynost, near Lyon.
In February 2021, Johnson Electric Holdings Limited announced a new series of low voltage DC motors for smart furniture applications.
Similarly, recent developments related to companies offering micro motors have been tracked by the team at Fact.MR, which are available in the full report.

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Through this report, reader gets insights and assessments on following aspects:

Latest guidelines in important sectors influencing the overall demand in the Micro Motor Market
Detailed profiling of diverse companies operating in this Micro Motor Market
Important trends underlining high investments by top shareholders in diverse countries
Shifting consumer preferences and latest trends in key industries
Latest opportunities for investments in diverse technology and product/service types
Varying demand and consumption of diverse product segments
The insights and estimations offered in this report are the output of consistent research by Factmr analysts. The unique approach and effective guidance offered in this report will help stakeholders to comprehend the growth dynamics of the Micro Motor Market.

This study offers all-inclusive data on:

Important guidelines and standards implemented by government bodies together with spotlight on potential changes in the post-COVID period
Study of policies in developed as well as developing countries to comprehend what aspects are important in assisting players to bounce back after COVID-19 outbreak
Assessment of size and shares of important product segments
Study of various technologies that are playing key role in fueling the demands in Micro Motor Market
Synopsis of present and potential research and development activities by private Micro Motor industry player as well as public institutions
Detailed study of the monetary disruptions that are likely to stay for few months following the COVID-19 pandemic in the worldwide locations
Technological advancements and healthcare infrastructures that will assist in comprehending the readiness of government bodies of diverse countries to handle such pandemic situation

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This release was published on openPR.