Key Insights: Global Micro Motor Market
Adoption of Medical Micro Motor to Rise for More Efficient Mobility of Medical and Healthcare Equipment
A leading company specializing in precision motion control and micro motor solutions has specifically introduced a range of medical motors that powers up an extensive range of medical devices, including ventilation equipment, surgical hand tools, respiratory devices, radiation therapy devices, biopsy systems, therapeutic guns, and medical pumps. While automation in medical and healthcare systems has been a known concept for the recent past, the aforementioned medical micro motors stand out owing to their superior miniaturization and high power performance.
Other peculiarities of medical micro motors include high motor efficiency, sterilization, significantly low vibration, and precise control. With introduction of targeted micro motors enhancing functionality and efficiency of a number of medical devices and equipment, it is likely that micro motor manufacturers and innovators will explore interesting business opportunities in the medical and healthcare industry. A recent innovation that includes the development of micro and nano motors that potentially serve as compact, non-invasive medical delivery and healthcare monitoring systems, is being perceived as the revolutionary development in the world of medicine.
Booming Automation at Research Laboratories to Boost Micro Motor Market
Besides in-vitro medical diagnostic centers, laboratories are increasingly adopting automation process - pushing the demand for micro motors. Automation in analytical laboratories, though not a new concept, is majorly dependent on the functioning of micro motors. When volumes of samples are due for rapid testing and faster results, laboratories opt for operational automation with the help of micro motor delivers high throughput at relatively lower costs. Moreover, the probability of manual error is completely eliminated, which will remain a key factor driving demand for micro motor driven automation. Manufacturers in micro motor market serving pharmaceutical, molecular biology, food technology, and chemical testing laboratories are focusing on incorporating high precision and dynamics for smoother operations.
Ascending Significance of Automotive Safety to Translate into Steadily Growing Micro Motor Sales
With soaring automotive production, the demand for active and passive vehicular safety systems is also witnessing a constant rise over the past decade. Emergency braking systems, night vision systems, seat belts, airbags, and anti-lock braking systems include some of the most prominent automotive components contributing a significant share to the micro motor market revenue. Advancing technologies in the drive-by-wire such as brake-by-wire, shift-by-wire, steer-by-wire, and electronic throttle control (ETC) will also sustain the growth of micro motor market. Furthermore, escalating adoption of in-wheel micro drive systems is expected to specifically favor the sales of high-torque micro motor in the near future.
Micro Motor Market Players to Explore New Opportunities Provided by EV Manufacturers
Brushless DC micro motor has been observing robust expansion with growing popularity of electric vehicles (EVs) over the recent past. The latest example of the deployment of brushless DC micro motor is the new M3 smart module platform - SQUIGGLE motor - developed with the new scale technologies. This piezoelectric micro motor is highly compact in size and is being considered to be breakthrough innovation in the micro motor space. Developed with an objective to achieve high performance, this and more such innovations are likely to improve the prospects for micro motor market in the near future.
Competitive Landscape Analysis: Global Micro Motor Market
ABB Ltd., Mabuchi Motor Co. Ltd., Johnson Electric Holdings Limited, Mitsuba Corp., Wellings Holdings Ltd., Constar Micromotor Co. Ltd., Nidec Corporation, Maxon Motors AG, Buhler Motors GmbH., and Asmo Co. Ltd. are among the leading players participating in the competitive space of the global micro motor market. The report offers an extensive analysis of the company profiles, market shares, recent developmental strategies, and current and prospected financial performance.
In the backdrop of the latest industry trends, a majority of competitors in the global micro motor market are investing their efforts in developing micro motors for a plethora of disposable medical devices, experimenting affordable automation of routine industrial tasks, and exploring micro motor applicability in consumer products. Key players are proactively taking steps to adapt to evolving globalization pressures by concentrating on reliability and accuracy through high-throughput manufacturing.
Johnson Electric announced the launch of its new line of products in the DC micro motor section. These micro motors are exceptionally compact in terms of design and aim to improve the automotive fuel efficiency. Claimed to represent the industry's highest power density, these motors significantly contribute to reduced vehicular weight.
Protean Electric, the global in-wheel motor technology leader, recently launched a new in-wheel electric drive system specifically for hybrid, plug-in hybrid, and battery powered light-duty EVs. In-wheel micro motors are readily installed in un-used spaces behind the wheels, which eliminate the need for differentials, gearbox and drive shafts – offering additional design flexibility to automakers.
Product Definition: Micro Motor Market
Micro motors, as the term suggests, are miniaturized motors that are widely used by various end use verticals for mobility applications. Portability, high energy efficiency, and vibration alert notification are among the key attributes of micro motors that enable it to be considered as a better alternative to conventional small-sized motors.
About the Global Micro Motor Market Report
According to a recently released intelligence outlook, the global micro motor market revenue will possibly exhibit 4.4% CAGR over 2017-2022, approaching the valuation of US$ 38 Bn by 2022 end. The report uncovers all aspects of the global micro motor market and offers analysis of micro motor market performance over the said timeline.
The global micro motor market has been thoroughly analyzed in a new research report on the micro motor market published by Fact.MR. The report aims to examine the global market for micro motor for a five-year period 2017-2022 and construct a set of valued insights on the global micro motor market to help report readers a precise, accurate, and unbiased analysis of the micro motor market between 2017 and 2022. Assessing each aspect expected to be shaping the overall growth of micro motor market over he said timeline, the report also offers a detailed investigation of the global competitive landscape of micro motor market.
Chapter 1: Executive Summary - Micro motor Market
The first section of the global micro motor market report comprises an executive summary that provides a concise summary of the entire report. It helps report readers to understand the scope of Fact.MR’s micro motor market report and identify the most important section to focus on.
Chapter 2: Overview - Micro motor Market
The next part of report includes an overview of the global market for micro motor that also involves the standard definition and basic information about micro motor. This chapter introduces readers to market sizing and value (US$ Mn) and yearly (Y-o-Y) growth comparison over the entire forecast period, which aims to render a broader view of the growth pattern of micro motor market. The report then elaborates on a range of macroeconomic aspects and impact factors that are likely to continue shaping the overall growth of micro motor market at a global level.
The report provides in-depth assessment of the recent trends influencing the performance of micro motor market to help report readers keep abreast with a roundup of the latest market updates and technological developments that presumably play a crucial role in helping businesses formulate key developmental strategies. This section of the micro motor market report also covers information about the supply chain, pricing and cost structure, raw material sourcing and supply, and distribution scenario within the micro motor market.
Looking at the broad scope of the micro motor market report, readers can avail a detailed, segmental breakdown of the global market for micro motor. These segments are analyzed by their market value share in each regional market for micro motor.
Chapter 3: Micro Motor Market Segmentation Analysis by Product Type
This chapter offers micro motor market segmentation on the basis of product type – DC micro motor and AC micro motor.
Chapter 4: Micro Motor Market Segmentation Analysis by Power Consumption
This section provides segmentation of micro motor market based on the power consumed – less than 12V, 12V-48V, and more than 48V.
Chapter 5: Micro motor Market Segmentation Analysis by Application
This report chapter offers application-wise analysis of the market by multiple sub-segments, viz. automotive, medical equipment systems, industry automation, agriculture equipment, aircraft, construction and mining equipment, and 3D printing.
Chapter 6: Micro motor Market Segmentation Analysis by Technology
This section of the report offers segmental analysis of technology segment that has been bifurcated into brushed micro motor and brushless micro motor.
Chapter 7: Micro motor Market Segmentation Analysis by Region
This chapter of the micro motor market report offers assessment of the market traversing six key regions operating in the global landscape. Regional analysis has been performed on the basis of all the four key segments – product type, power consumption, application, and technology.
Chapters 8-13: Country-wise Analysis of Regional Markets for Micro motor
These chapters of the report focus on country-wise regional examination of the micro motor market, which provides assessment of micro motor market scenario in North America (the US, Canada), Latin America (Brazil, Mexico, Argentina), Europe (Germany, the UK, France, Spain, Italy, Nordic), Japan, APEJ (China, India, Malaysia, Thailand, Singapore, Australia), and MEA (GCC Countries, South Africa, Nigeria, Israel).
Chapter 14: Competition Tracking
The concluding chapter of micro motor market report covers detailed profiles of 10 key companies participating in the global competitive space of micro motor.
The report information can potentially benefit established as well as newly entering players active in the global landscape of micro motor market, including value chain stakeholders such as suppliers and manufacturers. It can also be of interest to trade magazines and journals.
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