Micro Motors Market was recently published by Allied Market Research which offers current, historical and evolving trends in the window and door industry. The report analyzes the market, which has been categorized into five major regions. The study also examines the pre and post COVID impacts on the window and door market at regional and global levels. It has a section dedicated to the main manufacturers operating in the market. This section presents the business overview, segment and brand overview, financial performance and developments undertaken by the companies to stay ahead of the competition. Additionally, the market share of the top ten players is also covered in the study so that companies/enterprises seeking to enter the market
the global Micromotors Market size was valued at USD 36.48 Billion in 2020 and is projected to reach USD 56.0 Billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030. In 2020, the Asia-Pacific dominated the global micromotor market, in terms of revenue, accounting for approximately 41.40% global market share.
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The global micromotors market is segmented on the basis of type, technology, power consumption, application and region. On the basis of type, the market is split into AC and DC. AC segment generated the highest revenue in 2020. Based on technology, the market is divided into brushed and brushless. The brushed segment dominated the market in 2020. Based on power consumption, the market is categorized into under 10V, 10V-20V and over 20V. The over 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.
Various manufacturers in the global micromotor market have had to halt their business operations due to lockdown initiated in countries such as UAE, India, Brazil, and others. This disruption had a direct impact on the sales of micromotor manufacturing companies around the world. For example, Siemens AG’s net sales fell by 0.4% from September 2019 to September 2020. In addition, lack of raw materials, supply chain disruption and lack of labor have interrupted the supply chain of micromotor products. However, the revival of the micromotor industry and the availability of coronavirus disease vaccines are expected to open the global micromotor market to full capacity.
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The growing popularity of micromotors, driven by electronic computing in automation and construction applications, is driving the demand for micromotors in luxury features of automobiles and electric vehicles, which is fueling the growth of the micromotors market. For example, according to Indian Brand Equity Foundation, the pharmaceutical industry in India grew by 10.5% between 2018 and 2019.
Major players such as Mitsuba Corporation, Portescap and Siemens AG have launched a new micromotor in the market. For example, in April 2018, Mabuchi Motor Co Ltd launched an RS-4G5WA motor used for peripheral motor equipment. It has features such as better heat resistance, better vibration resistance and high torque speed, with an output capacity of 2.0W to 33W. It weighs about 125g.
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Main results of the study
- The report provides an in-depth analysis of current and emerging global Micromotors market trends and dynamics.
- By type, the AC segment was the largest revenue generator in 2020.
- By technology, the brushed segment generated the highest revenue in 2020.
- Based on power consumption, the over 20V segment accounted for the highest revenue in 2020.
- Based on application, the industrial segment dominated the market in 2020.
- Regionally, Asia-Pacific is expected to dominate the global micromotors market throughout the study period.
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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