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.
What`s New?
- 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 339 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $28.5 Billion |
| Forecasted Market Value (USD) by 2030 | $41.3 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- As Automation Becomes Part of Growing Industries, Processes and Factories, Demand Rises for Micro Motors
- Increased Spending on Industrial Automation Spurs Need for Micro Motors: Global Industrial Automation Market (in US$ 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)
- Anthogyr SAS
- Aseptico, Inc.
- Buhler Motor GmbH
- ebm-papst Mulfingen GmbH & Co. KG
- BTI Biotechnology Institute SL
- Anthos
- Bonart Co., Ltd.
- Carlo De Giorgi Srl
- Dr. Fritz Faulhaber GmbH & Co. KG
- Eurodent
- ABShot Tecnics S.L.
- Changzhou Fulling Motor Co., Ltd.
- BPR Swiss GmbH
- G.Comm S.r.l.
- Gigglesoft Corporation
For more information about this report visit https://www.researchandmarkets.com/r/q38ebs
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