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PUBLISHER: Grand View Research | PRODUCT CODE: 1301266
PUBLISHER: Grand View Research | PRODUCT CODE: 1301266
Micro Motor Market Size, Share & Trends Analysis Report By Type (AC Motor, DC Motor), By Technology, By Power Consumption (Below 11V, 12-24 V, 25-48 V), By Application, By Region, And Segment Forecasts, 2023 - 2030
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Micro Motor Market Growth & Trends
The global micro motor market size is expected to reach USD 57.34 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 4.8% from 2023 to 2030.
Micro motors are compact-sized motors with low power consumption and lightweight motors. Micro motors have low electromagnetic interference and are used in several electrical and electronic systems. These motors are well suited for designing compact and complex systems within a limited power budget. Quieter operation compared to traditional motors and superior performance are some of the advantages of micro motors. Micro motors have high energy efficiency and reliability, provide precise control, lower risks of cogging, and provide dynamic performance owing to their low inductance and inertia. Grinding, polishing, and drilling are some of the most common applications of micro motors.
Some of the most common applications of micro motors include portable computers, portable electronics, portable medical devices, LED lighting, mobile phones, vibratory cooling modules, Bluetooth devices, portable toothbrushes, portable razors, wearable devices, and vibratory feedback systems, among others. Micro motors have a significant application in healthcare sectors. The small-sized motors have helped cancer detection and treatment significantly as they enabled the manufacturing of smaller biopsy devices.
The growing demand for miniaturization across the industry verticals to reduce the size of the components or the product. Medical and aerospace sectors are some of the major sectors that are following the miniaturization trend. The miniaturization of medical devices is allowing surgical procedures to become less invasive. Micro motors have aided in advancing several medical procedures, such as cancer, by advancing the medical equipment for imaging, radiation, and biopsy. New biopsies have minimized the incision size by 80% and reduced the procedure time by about 75%.
The COVID-19 pandemic significantly impacted the supply chain of the motor industry in general and especially the micro motor industry. The supply of micro motors and its component was disrupted due to the global supply chain disruptions and the closure of the borders. The product demand slowed owing to the closure of the manufacturing facilities. Additionally, the slowing of automotive and industrial product markets impacted the demand from these sectors. However, sales of personal care products, power tools, home appliances, and home equipment grew during the pandemic, which increased the demand for micro motors.
Micro Motor Market Report Highlights
- The AC motor segment is anticipated to grow at the fastest CAGR of 5.1% during the forecast period. The superior performance and high energy efficiency of AC motors are expected to fuel the segment's growth
- The brushed motor segment dominated the market in 2022 with a revenue share of about 54%. The low cost, simple functioning, and high speed of the brushed motor are increasing its demand
- The below 11 V segment dominated the market in 2022, accounting for a market share of about 31% owing to the high product penetration and wide range of applications for below 11V micro motors
- The healthcare application segment is expected to grow at the fastest CAGR of 5.7% during the forecast period. The growth can be attributed to the high demand for miniaturization from the healthcare sector
- The Asia Pacific segment is expected to register a significant CAGR of 5.3% over the forecast period. The growth can be attributed to the increasing demand for micro motors from industrial automation across the countries from Asia Pacific
Product Code: GVR-4-68040-089-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. Research Scope and Assumptions
- 1.5. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Summary
- 2.2. Market Snapshot
- 2.3. Segment Snapshot
- 2.4. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Lineage Outlook
- 3.2. Micro Motors Market - Value Chain Analysis
- 3.3. Micro Motors Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Micro Motors Market - Porter's Five Forces Analysis
- 3.4.1. Supplier power
- 3.4.2. Buyer power
- 3.4.3. Substitution threat
- 3.4.4. Threat from new entrant
- 3.4.5. Competitive rivalry
- 3.5. Micro Motors Market - PEST Analysis
- 3.5.1. Political landscape
- 3.5.2. Economic landscape
- 3.5.3. Social landscape
- 3.5.4. Technology landscape
- 3.6. COVID-19 Impact Analysis
Chapter 4. Micro Motors Market Type Outlook
- 4.1. Micro Motors Market, By Type Analysis & Market Share, 2022 & 2030
- 4.2. AC Motor
- 4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 4.3. DC Motor
- 4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
Chapter 5. Micro Motors Market Technology Outlook
- 5.1. Micro Motors Market, By Technology Analysis & Market Share, 2022 & 2030
- 5.2. Brushed
- 5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 5.3. Brushless
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
Chapter 6. Micro Motors Market Power Consumption Outlook
- 6.1. Micro Motors Market, By Power Consumption Analysis & Market Share, 2022 & 2030
- 6.2. Below 11 V
- 6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 6.3. 11-24 V
- 6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 6.4. 25-48 V
- 6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 6.5. Above 48 V
- 6.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
Chapter 7. Micro Motors Market Application Outlook
- 7.1. Micro Motors Market, By Application Analysis & Market Share, 2022 & 2030
- 7.2. Automotive
- 7.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 7.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 7.3. Industrial Automation
- 7.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 7.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 7.4. Electronics Appliances
- 7.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 7.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 7.5. Healthcare
- 7.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 7.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 7.6. Aerospace
- 7.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 7.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 7.7. Others
- 7.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 7.7.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
Chapter 8. Micro Motors Market: Regional Estimates & Trend Analysis
- 8.1. Micro Motors Market Share by Region, 2022 & 2030
- 8.2. North America
- 8.2.1. Market estimates and forecasts, 2017 - 2030
- 8.2.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.2.3. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.2.4. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.2.5. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.2.6. U.S.
- 8.2.6.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.2.6.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.2.6.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.2.6.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.2.7. Canada
- 8.2.7.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.2.7.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.2.7.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.2.7.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Market estimates and forecasts, 2017 - 2030
- 8.3.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.3.3. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.3.4. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.3.5. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.3.6. Germany
- 8.3.6.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.3.6.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.3.6.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.3.6.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.3.7. France
- 8.3.7.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.3.7.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.3.7.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.3.7.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.3.8. UK
- 8.3.8.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.3.8.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.3.8.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.3.8.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Market estimates and forecasts, 2017 - 2030
- 8.4.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.4.3. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.4.4. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.4.5. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.6. China
- 8.4.6.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.4.6.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.4.6.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.4.6.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.7. Japan
- 8.4.7.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.4.7.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.4.7.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.4.7.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.8. India
- 8.4.8.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.4.8.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.4.8.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.4.8.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.9. South Korea
- 8.4.9.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.4.9.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.4.9.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.4.9.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.10. Australia
- 8.4.10.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.4.10.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.4.10.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.4.10.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Market estimates and forecasts, 2017 - 2030
- 8.5.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.5.3. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.5.4. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.5.5. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.5.6. Brazil
- 8.5.6.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.5.6.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.5.6.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.5.6.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.5.7. Mexico
- 8.5.7.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.5.7.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.5.7.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.5.7.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Market estimates and forecasts, 2017 - 2030
- 8.6.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.6.3. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.6.4. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.6.5. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.6.6. KSA
- 8.6.6.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.6.6.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.6.6.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.6.6.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.6.7. UAE
- 8.6.7.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.6.7.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.6.7.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.6.7.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.6.8. South Africa
- 8.6.8.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Billion)
- 8.6.8.2. Market estimates and forecasts, By Technology, 2017 - 2030 (USD Billion)
- 8.6.8.3. Market estimates and forecasts, By Power Consumption, 2017 - 2030 (USD Billion)
- 8.6.8.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
Chapter 9. Micro Motors Market Competitive Landscape
- 9.1. Key Market Participants
- 9.1.1. Mitsuba Corporation
- 9.1.2. Nidec Corporation
- 9.1.3. Johnson Electric Holdings Limited
- 9.1.4. Mabuchi Motor Company Ltd
- 9.1.5. ABB Ltd.
- 9.1.6. Constar Micromotor Co Ltd
- 9.1.7. Buhler Motor GmbH
- 9.1.8. Robert Bosch GmbH
- 9.1.9. Denso Corporation
- 9.1.10. Maxon Motor AG
- 9.1.11. Arc Systems Inc
- 9.1.12. Siemens AG
- 9.2. Key Company Market Share Analysis, 2022
- 9.3. Company Categorization/Position Analysis, 2022
- 9.4. Strategic Mapping
- 9.4.1. Expansion
- 9.4.2. Mergers & Acquisitions
- 9.4.3. Partnership & Collaborations
- 9.4.4. Product/service launch
- 9.4.5. Others
Product Code: GVR-4-68040-089-7
List of Tables
- Table 1 Global Micro Motors Market Revenue Estimates and Forecast, By Type, 2017 - 2030 (USD Billion)
- Table 2 Global Micro Motors Market Revenue Estimates and Forecast, By Technology, 2017 - 2030 (USD Billion)
- Table 3 Global Micro Motors Market Revenue Estimates and Forecast, By Power Consumption, 2017 - 2030 (USD Billion)
- Table 4 Global Micro Motors Market Revenue Estimates and Forecast, By Application, 2017 - 2030 (USD Billion)
- Table 5 Company Heat Map Analysis
- Table 6 Key Companies undergoing acquisition.
- Table 7 Key Companies launching new products & developing the existing products.
- Table 8 Key Companies undertaking other strategies
List of Figures
- Fig. 1 Micro Motors Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Segment Snapshot
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Aquaponics - Industry Value Chain Analysis
- Fig. 11 Micro Motors Market Dynamics
- Fig. 12 Micro Motors Market: PORTER's Analysis
- Fig. 13 Micro Motors Market: PESTEL Analysis
- Fig. 14 Micro Motors Market, by Type: Key Takeaways
- Fig. 15 Micro Motors Market, by Type: Market Share, 2022 & 2030
- Fig. 16 AC Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 17 DC Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 18 Micro Motors Market, by Technology: Key Takeaways
- Fig. 19 Micro Motors Market, by Technology: Market Share, 2022 & 2030
- Fig. 20 Brushed Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 21 Brushless Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 22 Micro Motors Market, by Power Consumption: Key Takeaways
- Fig. 23 Micro Motors Market, by Power Consumption: Market Share, 2022 & 2030
- Fig. 24 Below 11V Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 25 12-24 V Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 26 25-48 V Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 27 Above 48 V Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 28 Micro Motors Market, by Application: Key Takeaways
- Fig. 29 Micro Motors Market, by Application: Market Share, 2022 & 2030
- Fig. 30 Automotive Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 31 Industrial Automation Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 32 Electronic Appliances Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 33 Aerospace Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 34 Other Applications Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 35 Global Micro Motors Market revenue, by region, 2022 & 2030 (USD Billion)
- Fig. 36 North America Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 37 U.S. Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 38 Canada Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 39 Europe Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 40 UK Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 41 Germany Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 42 France Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 43 Asia Pacific Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 44 China Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 45 India Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 46 Japan Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 47 South Korea Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 48 Australia Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 49 Latin America Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 50 Brazil Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 51 Mexico Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 52 Middle East & Africa (MEA) Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 53 KSA Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 54 UAE Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 55 South Africa Micro Motors Market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 56 Key Company Categorization
- Fig. 57 Company Market Share Analysis, 2022
- Fig. 58 Strategic framework
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