The Global Micromotor Market size is expected to reach $68.6 billion by 2029, rising at a market growth of 7.6% CAGR during the forecast period.
Industrial Automation is the major application of Micromotor as the need for compact, effective motors, such as micromotors, to power automated systems and machines, will rise as industrial automation develops further. Thus, industrial automation is expected to capture approximately 28% share of the market by 2029. Micromotors are a great option for a variety of industrial automation applications, including robotics, medical technology, and consumer electronics, owing to their precision and dependability. When compared to larger motors, micromotors are more accurate and efficient at controlling machinery because of their small size, which allows for better system integration. Some of the factors are impacting the market are rising prevalence of industrial automation, growing medical technology advancements, and high cost of cutting-edge services and technologies in micromotor manufacture.
The growing trend of industrial process automation is driving the demand for micromotors. Manufacturing sectors are concentrating on resource optimization, waste reduction, and productivity growth in order to maintain market competitiveness. The growing technical improvements in medical equipment are just one of the factors driving the demand. There is an increasing need for modern medical equipment that is more accurate and precise due to the prevalence of chronic diseases and rising healthcare expenses. All these developments are proportionally raising micromotor sales, and thus, boosting the growth of the market.
However, Micromotor manufacture demands specialized manufacturing techniques that can be expensive to create and maintain. Furthermore, the usage of cutting-edge materials is also required by the sector, which raises expenses even more. During the anticipated period, these elements will probably restrain the expansion of the market.
Application Outlook
Based on application, the market is characterized into automotive, healthcare, industrial automation, aircraft systems, construction & mining, agriculture equipment system, and others. The automotive segment procured a considerable growth rate in the market in 2022. Automotive manufacturers launch unique and advanced features every day while decreasing the sizes of any particular unit. In addition, the expanding trend of electrically adjustable wing mirrors, steering-mounted controls, automated climate control systems, and seat adjustment features is predicted to increase demand from this market.
Type Outlook
On the basis of type, the market is classified into AC motor and DC motor. The DC motor segment garnered a remarkable growth rate in the market in 2022. Speed control with DC motors is excellent. With this degree of controllability, DC motors provide the precision needed by a variety of industrial applications. Wide speed variations can be achieved by adjusting the field voltage or armature. The advantage of smooth operation is provided by the fact that DC motors work with high quantities of controllable power at a variety of speeds.
Technology Outlook
By technology, the market is divided into brushed and brushless. The brushed segment procured the maximum revenue share in the market in 2022. An axle, a commutator, a field magnet, and brushes are the components of brushed micromotors. The brushes in the commutator create a polarity that is contradictory to that of the field magnet, which causes the rotator or armature to rotate. The rotator may rotate in either a clockwise or a counterclockwise direction, simply switching the polarity of the brushes. The segment is growing due to the widespread use of brushed micromotors.
Power Consumption Outlook
Based on power consumption, the market is segmented into <11V, 12-24V, 25-48V, and >48V. The >48V segment witnessed a considerable growth rate in the market in 2022. The need for micromotors that run at voltages above 48 volts is anticipated to increase during the next few years. Applications requiring these micromotors' high energy efficiency, accuracy, power output, durability, and other cutting-edge qualities. In heavy-duty industrial machinery where great power and durability are essential, like conveyors, cranes, as well as large-scale manufacturing equipment, they are widely used.
Regional Outlook
Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered the largest revenue share in the market in 2022. Asian nations hold the top market positions mostly as a result of higher demand brought on by rising industrial process automation, increased manufacturing of medical equipment, and increased automotive sales. In addition, demand has grown in recent years in other nations like South Korea, Singapore, and Thailand. The demand in this region is also being driven by the increased implementation of Industry 4.0 and automation.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MITSUBA Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motor Co., Ltd., Maxon Motor Ag, Constar Micromotor Co., Ltd., Buhler Motor GmbH, Siemens AG, ABB Group, and ARC Systems, Inc.
Strategies Deployed in Micromotor Market
Feb-2023: Nidec expanded its geographical footprint by commencing a new facility in Dalian, Liaoning Province, China. The new manufacturing facility would focus on manufacturing EMBs (electro-mechanical brakes), automotive motors, and EWPs (electric water pumps).
Oct-2022: Johnson Electric acquired an 80% stake in Pendix, a Germany-based manufacturer of motors intended for bicycles. This acquisition expands the acquiring company's e-mobility offerings.
Jul-2022: Nidec established a new plant in Novi Sad, Serbia. The new facility would act as a business base to integrate the company's manufacturing activities to streamline the supply of products in the European region.
Jun-2021: Mabuchi Motor acquired Electromag, a Switzerland-based manufacturer of brushless DC motors. Leveraging Electromag's expertise and technologies would advance Mabuchi's initiatives and further enables the company to realize its aim and management principle.
Oct-2020: ABB introduced eMart, an e-commerce platform offering made-in-India motors. The platform enables customers to purchase low-voltage motors, with simple delivery options. This e-commerce platform fills the gap between physical and digital buying experiences by providing detailed product descriptions, and images.
Apr-2020: Maxon introduced ECX Speed 4. The ECX Speed 4 is a part of the ECX series. The brushless DC motor features, a diameter of 4 millimeters, and are available in two versions, medium (M), and long (L).
Mar-2019: Maxon completed the acquisition of Parvalux Electric Motor, a UK-based manufacturer of electric motors. The addition of Parvalux Electric Motor adds significant value to Maxon's product offerings and further enables the acquiring company to become a full-fledged complete systems provider.
Scope of the Study
Market Segments covered in the Report:
By Application
- Industrial Automation
- Healthcare
- Construction & Mining
- Aircraft Systems
- Agriculture Equipment System
- Automotive
- Others
By Type
By Technology
By Consumption
- 12-24 V
- <11 V
- 25-48 V
- >48 V
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- MITSUBA Corporation
- Nidec Corporation
- Johnson Electric Holdings Limited
- Mabuchi Motor Co., Ltd.
- Maxon Motor Ag
- Constar Micromotor Co., Ltd.
- Buhler Motor GmbH
- Siemens AG
- ABB Group
- ARC Systems, Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Micromotor Market, by Application
- 1.4.2 Global Micromotor Market, by Type
- 1.4.3 Global Micromotor Market, by Technology
- 1.4.4 Global Micromotor Market, by Consumption
- 1.4.5 Global Micromotor Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
- 3.1 Market Share Analysis, 2021
- 3.2 Strategies Deployed in Micromotor Market
Chapter 4. Global Micromotor Market by Application
- 4.1 Global Industrial Automation Market by Region
- 4.2 Global Healthcare Market by Region
- 4.3 Global Construction & Mining Market by Region
- 4.4 Global Aircraft Systems Market by Region
- 4.5 Global Agriculture Equipment System Market by Region
- 4.6 Global Automotive Market by Region
- 4.7 Global Other Application Market by Region
Chapter 5. Global Micromotor Market by Type
- 5.1 Global AC Motors Market by Region
- 5.2 Global DC Motors Market by Region
Chapter 6. Global Micromotor Market by Technology
- 6.1 Global Brushed Market by Region
- 6.2 Global Brushless Market by Region
Chapter 7. Global Micromotor Market by Power Consumption
- 7.1 Global 12-24 V Market by Region
- 7.2 Global < 11 V Market by Region
- 7.3 Global 25-48 V Market by Region
- 7.4 Global >48 V Market by Region
Chapter 8. Global Micromotor Market by Region
- 8.1 North America Micromotor Market
- 8.1.1 North America Micromotor Market by Application
- 8.1.1.1 North America Industrial Automation Market by Country
- 8.1.1.2 North America Healthcare Market by Country
- 8.1.1.3 North America Construction & Mining Market by Country
- 8.1.1.4 North America Aircraft Systems Market by Country
- 8.1.1.5 North America Agriculture Equipment System Market by Country
- 8.1.1.6 North America Automotive Market by Country
- 8.1.1.7 North America Other Application Market by Country
- 8.1.2 North America Micromotor Market by Type
- 8.1.2.1 North America AC Motors Market by Country
- 8.1.2.2 North America DC Motors Market by Country
- 8.1.3 North America Micromotor Market by Technology
- 8.1.3.1 North America Brushed Market by Country
- 8.1.3.2 North America Brushless Market by Country
- 8.1.4 North America Micromotor Market by Power Consumption
- 8.1.4.1 North America 12-24 V Market by Country
- 8.1.4.2 North America <11 V Market by Country
- 8.1.4.3 North America 25-48 V Market by Country
- 8.1.4.4 North America >48 V Market by Country
- 8.1.5 North America Micromotor Market by Country
- 8.1.5.1 US Micromotor Market
- 8.1.5.1.1 US Micromotor Market by Application
- 8.1.5.1.2 US Micromotor Market by Type
- 8.1.5.1.3 US Micromotor Market by Technology
- 8.1.5.1.4 US Micromotor Market by Power Consumption
- 8.1.5.2 Canada Micromotor Market
- 8.1.5.2.1 Canada Micromotor Market by Application
- 8.1.5.2.2 Canada Micromotor Market by Type
- 8.1.5.2.3 Canada Micromotor Market by Technology
- 8.1.5.2.4 Canada Micromotor Market by Power Consumption
- 8.1.5.3 Mexico Micromotor Market
- 8.1.5.3.1 Mexico Micromotor Market by Application
- 8.1.5.3.2 Mexico Micromotor Market by Type
- 8.1.5.3.3 Mexico Micromotor Market by Technology
- 8.1.5.3.4 Mexico Micromotor Market by Power Consumption
- 8.1.5.4 Rest of North America Micromotor Market
- 8.1.5.4.1 Rest of North America Micromotor Market by Application
- 8.1.5.4.2 Rest of North America Micromotor Market by Type
- 8.1.5.4.3 Rest of North America Micromotor Market by Technology
- 8.1.5.4.4 Rest of North America Micromotor Market by Power Consumption
- 8.2 Europe Micromotor Market
- 8.2.1 Europe Micromotor Market by Application
- 8.2.1.1 Europe Industrial Automation Market by Country
- 8.2.1.2 Europe Healthcare Market by Country
- 8.2.1.3 Europe Construction & Mining Market by Country
- 8.2.1.4 Europe Aircraft Systems Market by Country
- 8.2.1.5 Europe Agriculture Equipment System Market by Country
- 8.2.1.6 Europe Automotive Market by Country
- 8.2.1.7 Europe Other Application Market by Country
- 8.2.2 Europe Micromotor Market by Type
- 8.2.2.1 Europe AC Motors Market by Country
- 8.2.2.2 Europe DC Motors Market by Country
- 8.2.3 Europe Micromotor Market by Technology
- 8.2.3.1 Europe Brushed Market by Country
- 8.2.3.2 Europe Brushless Market by Country
- 8.2.4 Europe Micromotor Market by Power Consumption
- 8.2.4.1 Europe 12-24 V Market by Country
- 8.2.4.2 Europe <11 V Market by Country
- 8.2.4.3 Europe 25-48 V Market by Country
- 8.2.4.4 Europe >48 V Market by Country
- 8.2.5 Europe Micromotor Market by Country
- 8.2.5.1 Germany Micromotor Market
- 8.2.5.1.1 Germany Micromotor Market by Application
- 8.2.5.1.2 Germany Micromotor Market by Type
- 8.2.5.1.3 Germany Micromotor Market by Technology
- 8.2.5.1.4 Germany Micromotor Market by Power Consumption
- 8.2.5.2 UK Micromotor Market
- 8.2.5.2.1 UK Micromotor Market by Application
- 8.2.5.2.2 UK Micromotor Market by Type
- 8.2.5.2.3 UK Micromotor Market by Technology
- 8.2.5.2.4 UK Micromotor Market by Power Consumption
- 8.2.5.3 France Micromotor Market
- 8.2.5.3.1 France Micromotor Market by Application
- 8.2.5.3.2 France Micromotor Market by Type
- 8.2.5.3.3 France Micromotor Market by Technology
- 8.2.5.3.4 France Micromotor Market by Power Consumption
- 8.2.5.4 Russia Micromotor Market
- 8.2.5.4.1 Russia Micromotor Market by Application
- 8.2.5.4.2 Russia Micromotor Market by Type
- 8.2.5.4.3 Russia Micromotor Market by Technology
- 8.2.5.4.4 Russia Micromotor Market by Power Consumption
- 8.2.5.5 Spain Micromotor Market
- 8.2.5.5.1 Spain Micromotor Market by Application
- 8.2.5.5.2 Spain Micromotor Market by Type
- 8.2.5.5.3 Spain Micromotor Market by Technology
- 8.2.5.5.4 Spain Micromotor Market by Power Consumption
- 8.2.5.6 Italy Micromotor Market
- 8.2.5.6.1 Italy Micromotor Market by Application
- 8.2.5.6.2 Italy Micromotor Market by Type
- 8.2.5.6.3 Italy Micromotor Market by Technology
- 8.2.5.6.4 Italy Micromotor Market by Power Consumption
- 8.2.5.7 Rest of Europe Micromotor Market
- 8.2.5.7.1 Rest of Europe Micromotor Market by Application
- 8.2.5.7.2 Rest of Europe Micromotor Market by Type
- 8.2.5.7.3 Rest of Europe Micromotor Market by Technology
- 8.2.5.7.4 Rest of Europe Micromotor Market by Power Consumption
- 8.3 Asia Pacific Micromotor Market
- 8.3.1 Asia Pacific Micromotor Market by Application
- 8.3.1.1 Asia Pacific Industrial Automation Market by Country
- 8.3.1.2 Asia Pacific Healthcare Market by Country
- 8.3.1.3 Asia Pacific Construction & Mining Market by Country
- 8.3.1.4 Asia Pacific Aircraft Systems Market by Country
- 8.3.1.5 Asia Pacific Agriculture Equipment System Market by Country
- 8.3.1.6 Asia Pacific Automotive Market by Country
- 8.3.1.7 Asia Pacific Other Application Market by Country
- 8.3.2 Asia Pacific Micromotor Market by Type
- 8.3.2.1 Asia Pacific AC Motors Market by Country
- 8.3.2.2 Asia Pacific DC Motors Market by Country
- 8.3.3 Asia Pacific Micromotor Market by Technology
- 8.3.3.1 Asia Pacific Brushed Market by Country
- 8.3.3.2 Asia Pacific Brushless Market by Country
- 8.3.4 Asia Pacific Micromotor Market by Power Consumption
- 8.3.4.1 Asia Pacific 12-24 V Market by Country
- 8.3.4.2 Asia Pacific <11 V Market by Country
- 8.3.4.3 Asia Pacific 25-48 V Market by Country
- 8.3.4.4 Asia Pacific >48 V Market by Country
- 8.3.5 Asia Pacific Micromotor Market by Country
- 8.3.5.1 China Micromotor Market
- 8.3.5.1.1 China Micromotor Market by Application
- 8.3.5.1.2 China Micromotor Market by Type
- 8.3.5.1.3 China Micromotor Market by Technology
- 8.3.5.1.4 China Micromotor Market by Power Consumption
- 8.3.5.2 Japan Micromotor Market
- 8.3.5.2.1 Japan Micromotor Market by Application
- 8.3.5.2.2 Japan Micromotor Market by Type
- 8.3.5.2.3 Japan Micromotor Market by Technology
- 8.3.5.2.4 Japan Micromotor Market by Power Consumption
- 8.3.5.3 India Micromotor Market
- 8.3.5.3.1 India Micromotor Market by Application
- 8.3.5.3.2 India Micromotor Market by Type
- 8.3.5.3.3 India Micromotor Market by Technology
- 8.3.5.3.4 India Micromotor Market by Power Consumption
- 8.3.5.4 South Korea Micromotor Market
- 8.3.5.4.1 South Korea Micromotor Market by Application
- 8.3.5.4.2 South Korea Micromotor Market by Type
- 8.3.5.4.3 South Korea Micromotor Market by Technology
- 8.3.5.4.4 South Korea Micromotor Market by Power Consumption
- 8.3.5.5 Singapore Micromotor Market
- 8.3.5.5.1 Singapore Micromotor Market by Application
- 8.3.5.5.2 Singapore Micromotor Market by Type
- 8.3.5.5.3 Singapore Micromotor Market by Technology
- 8.3.5.5.4 Singapore Micromotor Market by Power Consumption
- 8.3.5.6 Malaysia Micromotor Market
- 8.3.5.6.1 Malaysia Micromotor Market by Application
- 8.3.5.6.2 Malaysia Micromotor Market by Type
- 8.3.5.6.3 Malaysia Micromotor Market by Technology
- 8.3.5.6.4 Malaysia Micromotor Market by Power Consumption
- 8.3.5.7 Rest of Asia Pacific Micromotor Market
- 8.3.5.7.1 Rest of Asia Pacific Micromotor Market by Application
- 8.3.5.7.2 Rest of Asia Pacific Micromotor Market by Type
- 8.3.5.7.3 Rest of Asia Pacific Micromotor Market by Technology
- 8.3.5.7.4 Rest of Asia Pacific Micromotor Market by Power Consumption
- 8.4 LAMEA Micromotor Market
- 8.4.1 LAMEA Micromotor Market by Application
- 8.4.1.1 LAMEA Industrial Automation Market by Country
- 8.4.1.2 LAMEA Healthcare Market by Country
- 8.4.1.3 LAMEA Construction & Mining Market by Country
- 8.4.1.4 LAMEA Aircraft Systems Market by Country
- 8.4.1.5 LAMEA Agriculture Equipment System Market by Country
- 8.4.1.6 LAMEA Automotive Market by Country
- 8.4.1.7 LAMEA Other Application Market by Country
- 8.4.2 LAMEA Micromotor Market by Type
- 8.4.2.1 LAMEA AC Motors Market by Country
- 8.4.2.2 LAMEA DC Motors Market by Country
- 8.4.3 LAMEA Micromotor Market by Technology
- 8.4.3.1 LAMEA Brushed Market by Country
- 8.4.3.2 LAMEA Brushless Market by Country
- 8.4.4 LAMEA Micromotor Market by Power Consumption
- 8.4.4.1 LAMEA 12-24 V Market by Country
- 8.4.4.2 LAMEA <11 V Market by Country
- 8.4.4.3 LAMEA 25-48 V Market by Country
- 8.4.4.4 LAMEA >48 V Market by Country
- 8.4.5 LAMEA Micromotor Market by Country
- 8.4.5.1 Brazil Micromotor Market
- 8.4.5.1.1 Brazil Micromotor Market by Application
- 8.4.5.1.2 Brazil Micromotor Market by Type
- 8.4.5.1.3 Brazil Micromotor Market by Technology
- 8.4.5.1.4 Brazil Micromotor Market by Power Consumption
- 8.4.5.2 Argentina Micromotor Market
- 8.4.5.2.1 Argentina Micromotor Market by Application
- 8.4.5.2.2 Argentina Micromotor Market by Type
- 8.4.5.2.3 Argentina Micromotor Market by Technology
- 8.4.5.2.4 Argentina Micromotor Market by Power Consumption
- 8.4.5.3 UAE Micromotor Market
- 8.4.5.3.1 UAE Micromotor Market by Application
- 8.4.5.3.2 UAE Micromotor Market by Type
- 8.4.5.3.3 UAE Micromotor Market by Technology
- 8.4.5.3.4 UAE Micromotor Market by Power Consumption
- 8.4.5.4 Saudi Arabia Micromotor Market
- 8.4.5.4.1 Saudi Arabia Micromotor Market by Application
- 8.4.5.4.2 Saudi Arabia Micromotor Market by Type
- 8.4.5.4.3 Saudi Arabia Micromotor Market by Technology
- 8.4.5.4.4 Saudi Arabia Micromotor Market by Power Consumption
- 8.4.5.5 South Africa Micromotor Market
- 8.4.5.5.1 South Africa Micromotor Market by Application
- 8.4.5.5.2 South Africa Micromotor Market by Type
- 8.4.5.5.3 South Africa Micromotor Market by Technology
- 8.4.5.5.4 South Africa Micromotor Market by Power Consumption
- 8.4.5.6 Nigeria Micromotor Market
- 8.4.5.6.1 Nigeria Micromotor Market by Application
- 8.4.5.6.2 Nigeria Micromotor Market by Type
- 8.4.5.6.3 Nigeria Micromotor Market by Technology
- 8.4.5.6.4 Nigeria Micromotor Market by Power Consumption
- 8.4.5.7 Rest of LAMEA Micromotor Market
- 8.4.5.7.1 Rest of LAMEA Micromotor Market by Application
- 8.4.5.7.2 Rest of LAMEA Micromotor Market by Type
- 8.4.5.7.3 Rest of LAMEA Micromotor Market by Technology
- 8.4.5.7.4 Rest of LAMEA Micromotor Market by Power Consumption
Chapter 9. Company Profiles
- 9.1 ABB Group
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Siemens AG
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 SWOT Analysis
- 9.3 Mabuchi Motor Co., Ltd.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional Analysis
- 9.3.4 Recent strategies and developments:
- 9.3.4.1 Acquisition and Mergers:
- 9.4 Johnson Electric Holdings Limited
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Recent strategies and developments:
- 9.4.4.1 Acquisition and Mergers:
- 9.5 Nidec Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Geographical Expansions:
- 9.6 MITSUBA Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.7 Maxon Motor Ag
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Product Launches and Product Expansions:
- 9.7.2.2 Acquisition and Mergers:
- 9.8 Constar Micromotor Co., Ltd.
- 9.9 Buhler Motor GmbH
- 9.10. ARC Systems, Inc.