With continuous expansion of car sales, application of electrical equipment is witnessing a surge. Quantitative automatic fuel injection systems are replacing traditional carburetors, and antilock braking systems are being replaced by motors. Some prominent trends observed in the global micro motor market include rising adoption of brushless DC motors by electric vehicles, advancements in technology of high-precision piezoelectric micro motor, and growing prevalence of information processing equipment. Fact.MR’s report offers detailed analysis about the global micro motor market for the period 2017-2022, and offers actionable insights on future market direction.
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Scope
The scope of the report is to analyze the global micro motor market for the period 2017-2022 and give readers an accurate, unbiased analysis. Micro motor manufacturers, suppliers, and stakeholders in the overall micro motor industry can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading journals and trade magazines.
In a bid to keep readers up-to-date on the latest developments in the global micro motor market, the report offers readers a roundup of the latest trends impacting the market. As all industrial sectors are ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Considering the broad scope of the global micro motor market and to provide in-depth insights to readers, Fact.MR’s report offers segment-wise forecast and analysis. The micro motor market has been categorized on the basis of power consumption, product type, application, technology, and region. The segmentation analysis is comprehensive, with detailed country-wise forecast offered on each parameter.
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12 Key Prospects from Fact.MR’s Report on the Global Micro Motor Market
1- Brushless micro motors are expected to experience the largest adoption, based on technology, in the global market for micro motor. Brushless micro motor sales are expected to surpass revenues worth US$ 20,000 Mn by 2022-end.
2- Brushed motor sales will continue to register a sluggish expansion over the forecast period.
3- Based on application, automotive segment is expected to remain dominant in the global market for micro motor. Revenues from sales of micro motors in automotive applications are expected to hold over 1/4th market share during the forecast period.
4- Industry automation will continue to be the second largest application of micro motors.
5- Demand for micro motors will remain sluggish in aircraft applications throughout the forecast period.
6- 12V-48V micro motors will remain dominant in the market based on power consumption, with sales estimated to exhibit the fastest expansion through 2022.
7- Sales of above 48V micro motors are expected to account for lower revenues as compared to less than 12V micro motors.
8- DC micro motors are anticipated to remain preferred among products in the market, with sales estimated to exhibit a moderate expansion during the forecast period.
9- AC micro motor sales are expected to register a sluggish expansion through 2022.
10- In 2017, Asia Pacific excluding Japan (APEJ) will remain dominant in the global market for micro motor market in terms of revenues, and this trend will prevail throughout the forecast period.
11- Europe is poised to remain the second most lucrative market for micro motor.
12- Although, revenues from micro motor market in Middle East & Africa (MEA) will remain lower, sales are estimated to register an above-average expansion over the forecast period.
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