Market Definition: Global Micro Motor Market
Micro motors are small sized electrical motors that convert the electrical energy into mechanical energy. These motors are sourced either through alternate or direct current sources. They work along the same platform of an electric generator just in reverse, for example in electric generator mechanical energy is converted into electrical energy and then sourced out for the electrical appliances and motors, whereas electric motors convert this electric energy received from the electric generators and convert into mechanical energy to work the appliance they are installed upon.
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Key Market Competitors: Global Micro Motor Market
- Johnson Electric Holdings Limited,
- Mitsuba Corp.,
- Nidec Corporation,
- Bühler Motor GmbH,
- ABB,
- MABUCHI MOTOR CO. LTD.,
- maxon motor ag,
- CONSTAR MICROMOTOR CO. LTD,
- DENSO CORPORATION,
- Siemens AG,
- cgglobal.com,
- FAULHABER Group,
- Changzhou Fulling Motor Co.Ltd.,
- ABShot Tecnics S.L.,
- New Guanlian Motor,
- Telco,
- Shinano Kenshi Co.Ltd.,
- Precision Microdrives Limited,
- Printed Motor Works
Market Drivers:
- Increasing demand and application from the various industries and segments is expected to drive the market growth
- Advancements in technology and demand from developing regions and countries is also expected to drive the market growth
Market Restraints:
- High cost for the maintenance of brushed DC motor is expected to restrain the market growth
- High investment and installation of automated production which employs these micro motors are expected to restrain the market growth
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Segmentation: Global Micro Motor Market
By Type
- AC Micro Motor
- DC Micro Motor
By Technology
- Brushed Micro Motor
- Brushless Micro Motor
By Power Consumption
- Less than 11 Volts
- 12-24 Volts
- 25-48 Volts
- More than 48 Volts
By Application
- Automotive
- Power Window
- Power Mirror
- Wiper
- Infotainment Systems
- Lighting
- Door Locks
- HVAC
- Fuel Injection Systems (FIS)
- Anti-Lock Braking System (ABS)
- Power Seats
- Aerospace
- Agriculture Equipment System
- 3D Printing
- Construction & Mining Equipment System
- Medical Equipment
- Portable Devices
- Powered Surgical Instruments
- Lab Automation
- Dental Systems & Equipment
By Geography
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
Key Developments in the Market:
In December 2017, DENSO CORPORATION announced that it had agreed to integrate ASMO Co. Ltd. into itself. The integration is aimed at developing and advancing the environment-friendly micro motors.
In April 2016, Changzhou Fulling Motor Co.Ltd. announced the launch of its two new brushless three-phase motors – 57BLSH40 and 57BLSH60. This product launch will reinforce the market position of the company in the various segments.
Competitive Analysis: Global Micro Motor Market
Global micro motor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of micro motor market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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