Micro Motors Market
Dublin, Dec. 01, 2023 (GLOBE NEWSWIRE) -- The "Micro Motors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Micro Motors Market to Reach $41.3 Billion by 2030
The global market for Micro Motors estimated at US$28.5 Billion in the year 2022, is projected to reach a revised size of US$41.3 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Brushless, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$29.2 Billion by the end of the analysis period. Growth in the Brushed segment is estimated at 3.7% CAGR for the next 8-year period.
The report then shifts its focus to micro motors, providing insights into their market prospects and outlook on a global scale. It also assesses the competitive landscape, offering the market share of key players in the micro motors industry in 2022. The competitive presence of these players is categorized as strong, active, niche, or trivial, shedding light on the dynamics within the micro motors market.
The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 5.9% CAGR
The Micro Motors market in the U.S. is estimated at US$5.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
MARKET TRENDS & DRIVERS
As Automation Becomes Part of Growing Industries, Processes and Factories, Demand Rises for Micro Motors
Increased Spending on Industrial Automation Spurs Need for Micro Motors: Global Industrial Automation Market (in US$ Billion) for the Years 2019, 2022, 2024 and 2026
Factory Automation Opens Up Lucrative Opportunities
Growing Use of Robotic Devices Gives Rise to Market Demand
Industrial Robot Density (Units Per 10,000 Workers) by Country for the Years 2019 & 2023
Industry 4.0 and Smart Factories Trends Present Tremendous Potential for Servo Motors and Drives Market
Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020E
Automotive Industry's Shift towards Advanced and Efficient Automation Technologies Augurs Well for the Market
Recovery in Automotive Industry Post COVID -19 to Support Demand
World Automobile Production in Million Units: 2008-2022
Rising Prominence of Energy Efficient Electric Vehicles to Spur Demand for Micro Motors
Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021
Increase in Lab Automation Bodes Well for Micro Motors
Increasing Demand for Micro Motors from the Healthcare Sector
Role of Micro Motors in Targeted Drug Delivery Systems
Increasing Mechanization of Agricultural Operations Boosts Micro Motors Demand
Percentage of Mechanization in Agriculture in Select Countries
Increasing Demand for Micro Motors from 3D Printing
Select Innovations and Advancements
Mirmex Motors Develops a Novel Method for High Power Density Micro Motor Windings Production
Research Team Develops Micro Motors that can exploit Biological Environment
New Structural Color Barcode Micro Motors Developed
Bioservo Technologies Develops Ironhand, a Micro Motors-Integrated Robotic Glove
FOCUS ON SELECT PLAYERS (Total 70 Featured)
Buhler Motor GmbH
ebm-papst Mulfingen GmbH & Co. KG
BTI Biotechnology Institute SL
Bonart Co., Ltd.
Carlo De Giorgi Srl
Dr. Fritz Faulhaber GmbH & Co. KG
ABShot Tecnics S.L.
Changzhou Fulling Motor Co., Ltd.
BPR Swiss GmbH
For more information about this report visit https://www.researchandmarkets.com/r/q38ebs
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