According to a recently released micro motor market analysis, global demand grew by 4.2 percent year over year (YoY) in 2021, reaching a valuation of around US$ 36 billion. Sales of DC micro motors increased by 4.3 percent to a market value of around US$ 27 billion, while sales of AC micro motors increased by 3.9 percent to US$ 8.6 billion.
Micromotors are now used in a variety of end-use industries thanks to the adoption of new technologies such as automatic welding machines, robotic arms, and automatic wheelchairs. Micromotors are also ideal for use in modern electrical and electronic systems with limited space and power due to their unique characteristics.
Market Segments Covered in Micro Motor Industry Research
By Product Type
- DC Micro Motors
- AC Micro Motors
By Power Consumption
- Less than 12V Micro Motors
- 12V-48V Micro Motors
- More than 48V Micro Motors
- Micro Motors for Automotive
- Micro Motors for Medical Equipment Systems
- Micro Motors for Industry Automation
- Micro Motors for Agriculture Equipment System
- Micro Motors for Aircraft Systems
- Micro Motors for Construction & Mining Equipment Systems
- Micro Motors for 3D Printing
- Brushed Micro Motors
- Brushless Micro Motors
Furthermore, acquisitions, collaborations, capacity expansion, and the development of global distribution and sales networks appear to be the top priorities for major players.
The following are some of the most significant developments:
ABB Ltd will open a new global R&D center in Delft University’s technology campus in the Netherlands in December 2020, with a US$ 10 million investment, to enable next-generation e-mobility solutions.
Nidec announced the acquisition of Mitsubishi Heavy Industries Machine Tool Co., Ltd. shares in February 2021.
Johnson Electric Holdings Limited announced a new line of low voltage DC motors for smart furniture applications in February 2021.
Similarly, the Fact.MR team has kept track of recent developments involving companies that offer micro motors, which are included in the full report.
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