Global Micro Motors Business Report 2023: Market to Reach $41.3 Billion by 2030 – Demand Rises as Automation Becomes Part of Growing Industries, Processes and Factories

DUBLIN, Dec. 1, 2023 /PRNewswire/ — The “Micro Motors – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Micro Motors Market to Reach $41.3 Billion by 2030

The global market for Micro Motors estimated at US$28.5 Billion in the year 2022, is projected to reach a revised size of US$41.3 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Brushless, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$29.2 Billion by the end of the analysis period. Growth in the Brushed segment is estimated at 3.7% CAGR for the next 8-year period.

The report provides insights into market prospects and outlook on a global scale. It also assesses the competitive landscape, offering the market share of key players in the micro motors industry in 2022. The competitive presence of these players is categorized as strong, active, niche, or trivial, shedding light on the dynamics within the micro motors market.

 The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 5.9% CAGR

The Micro Motors market in the U.S. is estimated at US$5.5 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

As Automation Becomes Part of Growing Industries, Processes and Factories, Demand Rises for Micro MotorsIncreased Spending on Industrial Automation Spurs Need for Micro Motors: Global Industrial Automation Market (in US$ Billion) for the Years 2019, 2022, 2024 and 2026Factory Automation Opens Up Lucrative OpportunitiesGrowing Use of Robotic Devices Gives Rise to Market DemandIndustrial Robot Density (Units Per 10,000 Workers) by Country for the Years 2019 & 2023Industry 4.0 and Smart Factories Trends Present Tremendous Potential for Servo Motors and Drives MarketMajor Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020EAutomotive Industry’s Shift towards Advanced and Efficient Automation Technologies Augurs Well for the MarketRecovery in Automotive Industry Post COVID -19 to Support DemandWorld Automobile Production in Million Units: 2008-2022Rising Prominence of Energy Efficient Electric Vehicles to Spur Demand for Micro MotorsGlobal Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021Increase in Lab Automation Bodes Well for Micro MotorsIncreasing Demand for Micro Motors from the Healthcare SectorRole of Micro Motors in Targeted Drug Delivery SystemsIncreasing Mechanization of Agricultural Operations Boosts Micro Motors DemandPercentage of Mechanization in Agriculture in Select CountriesIncreasing Demand for Micro Motors from 3D PrintingSelect Innovations and AdvancementsMirmex Motors Develops a Novel Method for High Power Density Micro Motor Windings ProductionResearch Team Develops Micro Motors that can exploit Biological EnvironmentNew Structural Color Barcode Micro Motors DevelopedBioservo Technologies Develops Ironhand, a Micro Motors-Integrated Robotic Glove

FOCUS ON SELECT PLAYERS (Total 70 Featured)

Anthogyr SASAseptico, Inc.Buhler Motor GmbHebm-papst Mulfingen GmbH & Co. KGBTI Biotechnology Institute SLAnthosBonart Co., Ltd.Carlo De Giorgi SrlDr. Fritz Faulhaber GmbH & Co. KGEurodentABShot Tecnics S.L.Changzhou Fulling Motor Co., Ltd.BPR Swiss GmbHG.Comm S.r.l.Gigglesoft Corporation

For more information about this report visit https://www.researchandmarkets.com/r/7ja6vx

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