Micro Motor Market Scope
Micro motor are the electric motors that are used in several applications such as vehicles, industries, factories, and others. The motor converts an electrical energy into mechanical energy and operates in low of electromagnetic induction. These motors offers nanoparticles into living cells. Increase in the demand for micro motor is rising driven by higher acceptance in industrial automation including medical & research lab automation and factory automation.
According to AMA, the Global Micro Motor market is expected to see growth rate of 88.0%The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Research Analyst at AMA estimates that Japanese Manufacturers will contribute to the maximum growth of Global Micro Motor market throughout the predicted period.
BB Ltd. (South Korea), CONSTAR Motor (China), Mitsuba Corporation (Japan), NIDEC Corporation (Japan), Johnson Electric holdings Limited (Hong Kong), Buhler Motor GmbH (Germany), Mabuchi Motors (Japan), Maxon Motors (Switzerland), Wellings Holdings Ltd. (China) and Abb Ltd. (Switzerland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Portescap (Switzerland), Lunar Motors Pvt. Ltd. (India) and Asmo Co Ltd. (Japan).
Segmentation Overview
The study have segmented the market of Global Micro Motor market by Type (AC Motor and DC Motor), by Application (Automotive, Industrial Automation, Home Appliance, Communication Equipment, Medical Equipment and Others) and Region with country level break-up.
On the basis of geography, the market of Micro Motor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Adoption of Micro Motor in 3D Printing
Market Growth Drivers:
Increasing Use of Micro Motors in Lab Automation Devices and Growing Demand for Automobile
Challenges:
Failure of Motor In Case Of Extreme Use and Overheating
Restraints:
High Cost of DC Motors
Opportunities:
Technology Development and Infrastructure Development
Market Leaders and their Expansionary Development Strategies
In July 2019, Nidec Copal Corporation has acquired the, Micro Motor Business from Nidec Seimitsu Corporation. and Through integration and synergy of technology, we will enhance our R&D and engineering capabilities and increase competitiveness in the market.
In April , 2019- Johnson Electric has announced a cost effective PMDC motor platform for Hair Dryer, which has outstanding linear performance curve to swiftly respond to loading change.
Key Target Audience
Manufacturers of Micro Motors, Suppliers of Micro Motors, Wholesalers, Distributors and Retailers of Micro Motors, Service Providers and Governmental Bodies
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.