Micromotor Global Market Report 2024

Description

A micromotor is a type of electric motor characterized by its extremely small size, typically designed to be miniature or micro-sized, often measuring in the millimeter or sub-millimeter range. These motors are widely utilized in applications where compact dimensions, high efficiency, and precise operation are critical.

The primary types of micromotors include alternating current (AC) motors and direct current (DC) motors. An alternating current (AC) motor operates on AC power, with the current direction reversing periodically, thereby causing the motor to rotate. This technology encompasses both brushed and brushless micromotors, offering a range of options from economical to premium models. Applications of micromotors span various industries including automotive, medical equipment, industrial automation, aircraft systems, construction and mining, agricultural equipment, and 3D printing systems.

The micromotor research report is one of a series of new reports from The Business Research Company that provides micromotor market statistics, including the micromotor industry's global market size, regional shares, competitors with a micromotor market share, detailed micromotor market segments, market trends and opportunities, and any further data you may need to thrive in the micromotor industry. This micromotor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The micromotor market size has grown strongly in recent years. It will grow from $37.34 billion in 2023 to $40.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historic period can be attributed to several factors, including increasing demand for energy-efficient solutions, rising utilization in the healthcare sector, advancements in aerospace technology, growing popularity of 3D printing, and expanded adoption within the aerospace and defense industries.

The micromotor market size is expected to see strong growth in the next few years. It will grow to $54.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The projected growth in the forecast period can be attributed to several factors, including advancements in power tools and handheld devices, the increasing prominence of collaborative robots, rising adoption in construction equipment, advancements in energy storage systems, and growing demand in the home appliances industry. Major trends expected in this period include advancements in micromotor technologies to enhance performance and efficiency, developments in materials science to improve durability and reliability, integration of sensors and controls for enhanced functionality, advancements in power generation technologies for improved energy efficiency, and increasing demand for micromotors in automotive applications.

The micromotor market is set to experience growth driven by increasing demand for electric vehicles (EVs). Electric vehicles are powered by rechargeable batteries rather than internal combustion engines, and their popularity is rising due to environmental concerns and advancements in EV technology, making them more efficient and cost-effective. Micromotors are essential components in EVs, used for applications such as power steering, window actuators, and cooling systems, thanks to their compact size, efficiency, and precise control capabilities. For example, the Electric Vehicle Council reported in July 2023 that EV sales in Australia surged dramatically in the first half of the year, surpassing total sales for the entirety of 2022. This growth elevated EVs to 8.4% of all new car sales in Australia by June 2023, marking a significant increase from the previous year.

Leading companies in the micromotor market are focused on innovation, particularly in developing direct current (DC) motor platforms to enhance efficiency, performance, and versatility across various applications. DC motor platforms in micromotors are miniature electric motors that operate on continuous current, known for their precision control and efficiency in small-scale applications. For instance, Johnson Electric introduced the ECI-040 brushless DC motor platform in August 2021. These motors offer superior controllability, reliability, efficiency, and reduced noise levels, making them ideal for applications ranging from window shutters to smart furniture and coffee machines. They can operate independently or in conjunction with customizable controller electronics.

In May 2022, Allied Motion Technologies Inc., a US-based company specializing in precision motion control components, acquired ThinGap to enhance its portfolio with high-performance, zero-cogging slotless motors. This acquisition strengthens Allied Motion Technologies' capabilities in providing precise motion solutions for industries such as robotics, semiconductors, and instrumentation. ThinGap is renowned for its expertise in developing high-power-density micromotors.

Major companies operating in the micromotor market are Hitachi Ltd, Siemens AG, ABB Ltd, Nidec Corporation, Johnson Electric Holdings Limited, Mitsuba Corporation, Mabuchi Motor Co Ltd, C.I. TAKIRON Corporation, Maxon Motor Ag, Vybronics Inc., Faulhaber Drive System Technology Co Ltd, Allied Motion Technologies Inc, Portescap, TECO Westinghouse, Orbray Co. Ltd., Shenzhen Zhaowei Machinery & Electronic Co. Ltd., Constar Micromotor Co. Ltd, Ineed Technologies, Pelonis Technologies Inc., Micro Motors SRL, Risun Expanse Corp.

North America was the largest region in the micromotor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the micromotor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the micromotor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The micromotor market consists of sales of low-power micromotors, high-power micromotors, miniature micromotors, and sub-miniature micromotors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Micromotor Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on micromotor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for micromotor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The micromotor market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Alternating Current (AC) Motor; Direct Current (DC) Motor
2) By Technology: Brushed; Brushless
3) By Price Range: Low-Cost Micro Motors; Premium Micro Motors
4) By Application: Automotive; Medical Equipment System; Industrial Automation; Aircraft Systems; Construction And Mining; Agriculture Equipment System; 3-Dimensional Printer System
Companies Mentioned: Hitachi Ltd; Siemens AG; ABB Ltd; Nidec Corporation; Johnson Electric Holdings Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19175

1. Executive Summary

2. Micromotor Market Characteristics

3. Micromotor Market Trends And Strategies

4. Micromotor Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Micromotor Market Size and Growth

5.1. Global Micromotor Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Micromotor Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Micromotor Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Micromotor Market Segmentation

6.1. Global Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Alternating Current (AC) Motor
Direct Current (DC) Motor
6.2. Global Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Brushed
Brushless
6.3. Global Micromotor Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Low-Cost Micro Motors
Premium Micro Motors
6.4. Global Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Medical Equipment System
Industrial Automation
Aircraft Systems
Construction And Mining
Agriculture Equipment System
3-Dimensional Printer System

7. Micromotor Market Regional And Country Analysis

7.1. Global Micromotor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Micromotor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Micromotor Market

8.1. Asia-Pacific Micromotor Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Micromotor Market

9.1. China Micromotor Market Overview
9.2. China Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Micromotor Market

10.1. India Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Micromotor Market

11.1. Japan Micromotor Market Overview
11.2. Japan Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Micromotor Market

12.1. Australia Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Micromotor Market

13.1. Indonesia Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Micromotor Market

14.1. South Korea Micromotor Market Overview
14.2. South Korea Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Micromotor Market

15.1. Western Europe Micromotor Market Overview
15.2. Western Europe Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Micromotor Market

16.1. UK Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Micromotor Market

17.1. Germany Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Micromotor Market

18.1. France Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Micromotor Market

19.1. Italy Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Micromotor Market

20.1. Spain Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Micromotor Market

21.1. Eastern Europe Micromotor Market Overview
21.2. Eastern Europe Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Micromotor Market

22.1. Russia Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Micromotor Market

23.1. North America Micromotor Market Overview
23.2. North America Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Micromotor Market

24.1. USA Micromotor Market Overview
24.2. USA Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Micromotor Market

25.1. Canada Micromotor Market Overview
25.2. Canada Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Micromotor Market

26.1. South America Micromotor Market Overview
26.2. South America Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Micromotor Market

27.1. Brazil Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Micromotor Market

28.1. Middle East Micromotor Market Overview
28.2. Middle East Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Micromotor Market

29.1. Africa Micromotor Market Overview
29.2. Africa Micromotor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Micromotor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Micromotor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Micromotor Market Competitive Landscape And Company Profiles

30.1. Micromotor Market Competitive Landscape
30.2. Micromotor Market Company Profiles
- 30.2.1. Hitachi Ltd
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Siemens AG
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. ABB Ltd
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Nidec Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Johnson Electric Holdings Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Micromotor Market Other Major And Innovative Companies

31.1. Mitsuba Corporation
31.2. Mabuchi Motor Co Ltd
31.3. C.I. TAKIRON Corporation
31.4. Maxon Motor Ag
31.5. Vybronics Inc.
31.6. Faulhaber Drive System Technology Co Ltd
31.7. Allied Motion Technologies Inc
31.8. Portescap
31.9. TECO Westinghouse
31.10. Orbray Co. Ltd.
31.11. Shenzhen Zhaowei Machinery & Electronic Co. Ltd.
31.12. Constar Micromotor Co. Ltd
31.13. Ineed Technologies
31.14. Pelonis Technologies Inc.
31.15. Micro Motors SRL

32. Global Micromotor Market Competitive Benchmarking

33. Global Micromotor Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Micromotor Market

35. Micromotor Market Future Outlook and Potential Analysis

35.1 Micromotor Market In 2028 - Countries Offering Most New Opportunities
35.2 Micromotor Market In 2028 - Segments Offering Most New Opportunities
35.3 Micromotor Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer