Micro Motors Market Share

Micromotor Market Overview :

Micromotor Market Size was valued at USD 48.11 Billion in 2023. The Global Micromotor market industry is projected to grow from USD 52.48 Billion in 2024 to USD 96.57 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.92% during the forecast period (2024 - 2032). Rising demand and applications from a variety of markets and industries, rising technological advancements and demand from developing nations and regions, increasing applicability of micromotors with the advent of technology, rising demand for micromotors that is steadily increasing, rising construction and mining activities, rising population, and rising demand for comfort and luxury features in automotive, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Micromotor Market Trends

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  Rising demand and applications from a variety of markets and industries is driving the market growth

  
  

The micromotor market's growth and development are significantly influenced by the rising need for automation. Automation is the use of machines and technology to carry out operations with little to no human involvement, increasing productivity, accuracy, and efficiency across a variety of industries. Due to its small size, high precision, and superior motion control skills, micromotors are essential in automation applications. The drive to increase operational efficiency is one of the main factors influencing the need for automation. Businesses can streamline operations, lower manual errors, and increase productivity by automating repetitive or labor-intensive procedures. Because they can provide precise motion control in limited locations, micromotors are perfect for automating systems like conveyor belts, robotic arms, and other machinery. The need to cut costs is another factor that drives automation. Companies can cut labor expenses, eliminate material waste, and maximize resource use by automating some processes. By providing effective and precise movement of parts or equipment in automated systems, micromotors aid in cost reduction. They can be integrated into small places thanks to their small size and light weight, which further increases the cost savings for infrastructure and equipment.

In many businesses, quality and consistency are essential, and automation helps to attain those goals. Businesses may ensure consistent output and minimize differences that may result from human mistake by automating operations. Micromotors give automated processes the necessary precision and accuracy for controlling movements and actions, resulting in reliable and excellent results. This is crucial in sectors like manufacturing where even little variations can have an impact on the caliber of the final product and client satisfaction. Safety concerns can influence the urge for automation. Automation can assist lessen the exposure of workers to potential risks in processes or settings that are unsafe. Businesses can improve workplace safety and lower the risk of accidents or injuries by substituting automated devices driven by micromotors for human operators. Robotic systems frequently use micromotors to perform operations like material handling, assembly, or inspection, automating risky jobs while maintaining a secure working environment.

Additionally, automation is being used more and more in production to accommodate the expanding demand for personalization and flexibility. As a result of shortened product lifecycles and shifting consumer demands, businesses are looking for flexible manufacturing methods that can respond swiftly to changing conditions. Micromotors give manufacturers speedy and flexible reconfiguration of their manufacturing processes by enabling fine control over the movement of industrial components. For industries like automotive, electronics, and consumer goods, where customisation and quick time-to-market are vital, this level of agility is necessary.

The development of technologies like artificial intelligence, machine learning, and the Internet of Things (IoT) is also strongly related to the increased desire for automation. These technologies make it possible to combine and coordinate a variety of automated systems, resulting in smart factories and supply chains. Such networked automation networks are supported by micromotors, sensors, and control systems, which provide the essential motion control for synchronized operations and effective material movement. Therefore, a key factor driving the micromotor market is the rising desire for automation. Automation is increasingly being used across sectors due to the need for operational effectiveness, cost cutting, consistent quality, safety, customisation, and technical improvements. Due to their small size, accuracy, and motion control skills, micromotors are crucial parts of many automated systems and play a crucial role in enabling automation. The demand for micromotors is anticipated to increase as the trend toward automation intensifies, propelling the micromotor market's expansion. Thus, driving the Micromotor market revenue.

Micromotor Market Segment Insights:

Micromotor Application Insights

The Micromotor Market segmentation, based on application includes Automotive, Medical Equipment System, Industrial Automation, Aircraft System, Construction & Mining, Agriculture Equipment, 3D Printer System. The automotive segment dominated the market, accounting for 36.35% of market revenue. Motors are widely used in the automotive industry for many different purposes, including power windows, seat adjustments, HVAC systems, windshield wipers, and many more parts.

Micromotor Type Insights

The Micromotor Market segmentation, based on type, includes AC Motor, DC Motor. The AC motor segment category generated the most income (70.4%). Because AC motors are more dependable and long-lasting than DC motors, they have simpler designs and fewer moving parts.

Micromotor Technology Insights

The Micromotor Market segmentation, based on technology, includes Brushed, Brushless. The brushed category generated the most income (69.65%). Brushes, a rotor, a stator, and other basic parts make up brushed motors' comparatively straightforward construction. Compared to more sophisticated motor types, they are less expensive to create because of their simplicity. Brushed motors are appealing for applications where price considerations are a major factor due to their cost advantage.

Figure 1: Micromotor Market, by Technology, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Micromotor Power Consumption Insights

The Micromotor Market segmentation, based on power consumption, includes <11V, 12-24V, 25-48V, >48V. The >48V power consumption category generated the most income. Applications requiring high power output, energy efficiency, precision, durability, and other cutting-edge capabilities use these micromotors. When great power and durability are essential, they are typically used in heavy-duty industrial machinery including conveyors, cranes, and large-scale manufacturing equipment.

Micromotor Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Micromotor Market dominated this market in 2022 (45.80%). This is due to due to rising demand and application from different sectors and market segments, rising technological breakthroughs and demand from developing nations and regions, rising applicability of micro motor with technology, and rising adoption of automation processes in this region. Moreover, China’s Micromotor market held the largest market share, and the Indian Micromotor market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Micromotor Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Micromotor market accounts for the second-largest market share. This is Due to the region's growing demand for high-efficiency motors and the huge rise in designing. Further, the German Micromotor market held the largest market share, and the UK Micromotor market was the fastest growing market in the European region

The North America Micromotor Market is expected to grow at the fastest CAGR from 2024 to 2032. This is owing to expanding use of micro motors across many industry sectors in this area. Further, the U.S. Micromotor market held the largest market share, and the Canada Armor Materials market was the fastest growing market in the North America region.

Micromotor Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Micromotor market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Micromotor industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Micromotor industry to benefit clients and increase the market sector. In recent years, the Micromotor industry has offered some of the most significant advantages to medicine. Major players in the Micromotor market, including 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., and others, are attempting to increase market demand by investing in research and development operations.

Electronics are manufactured and distributed by Mabuchi Motor Co Ltd (Mabuchi). The company's product line includes inkjet printers, laser printers, vending machines, medical equipment, dental treatment handpieces, surgical equipment, ventilators, hair dryers, electric shavers, electric locks, toothbrushes, hair clippers, blood pressure meters, epilators, vibrators, soap dispensers, door locks, actuators, power window lifters, door mirrors, steering locks, and headlights, among other things. The headquarters of Mabuchi are in Matsudo-Shi, Chiba, Japan.

Electric motors and motion subsystems are provided by Johnson Electric Holdings Limited (Johnson Electric). The business produces and sells power metal parts, flex circuits and microelectronics, switches and relays, pumps and valves, motors and solenoids, pumps, and valves. It provides its clients with specialized engineering solutions. Businesses in the automotive, building automation, business machines, security, lawn and garden, military, food and beverage, home technology, and HVAC industries are served by Johnson Electric. Additionally, it provides services to the power tools, medical devices, aerospace, personal care, and industrial equipment industries. The corporation has operations in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. The main office of Johnson Electric is located in Shatin, Hong Kong.

Key Companies in the Micromotor market include

• 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

Micromotor Industry Developments

February 2023: A new series of DC brushless motors with features such as improved lineup, waterproof construction, and reduced vibrations was introduced by Mabuchi Motor Co., Ltd. These motors are suitable for drive units, electromagnetic brakes, and speed reducers.

December 2022: A single-phase brushless DC motor for electric fans was introduced by Nidec Corporation. In addition to having more energy efficiency and controllability than conventional three-phase brushless DC motors, this newly created motor is less expensive.

Micromotor Market Segmentation

Micromotor Application Outlook

• Automotive


• Medical Equipment System


• Industrial Automation


• Aircraft System


• Construction & Mining


• Agriculture Equipment


• 3D Printer System

Micromotor Type Outlook

• AC Motor


• DC Motor

Micromotor Technology Outlook

• Brushed


• Brushless

Micromotor Power Consumption Outlook

• <11V


• 12-24V


• 25-48V


• >48V

Micromotor Regional Outlook

• North America
  
  
  
  • US.
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America