Micro motor market size was $ 36,477.9 million in 2020, and is expected to reach $56,066.2 million by 2030. The research provides a detailed analysis of drivers, restraints, and opportunities of the market. These insights shower necessary guidance to determine driving factors and implement strategies to gain a sustainable growth and tap on opportunities to explore the potential of the market.
Utilization of micro motor in various industry verticals and minimal maintenance cost of motors drive the growth of the micro motor market. However, slow-down in the automotive industry and high initial capital investment hamper the growth to certain extent. Nevertheless, increase in demand for micro motor from robotics and automated robot technologies is expected to provide lucrative opportunities for the growth of the micro motor market.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 (PDF): https://www.alliedmarketresearch.com/request-sample/12548
Based on type, the AC segment held the highest market share in 2020, accounting for more than three-fourths of the global micro motor market, and is estimated to maintain its leadership status throughout the forecast period. In addition, the segment is also projected to manifest the highest CAGR of 4.3% from 2021 to 2030. The fact that they offer better efficiency over induction motors, and are used in applications operating at constant speed drive the growth of the segment. In addition, increase in adoption of synchronous motors owing to its availability in small sizes, and low prices of permanent magnets further contribute toward the growth of the segment.
Covid-19 impact:
- Construction and manufacturing activities of micro motor halted due to the implementation of the global lockdown.
- Moreover, supply chain disruptions, shortage of labor force, and unavailability of raw materials created several challenges in carrying out manufacturing in full capacity.
- Several construction activities were delayed in order to maintain the social distancing norms.
- The demand from end use industries reduced significantly due to halt in day-to-day operations in 2020. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
- The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/12548
Leading Market Players
- Arc Systems Inc
- ABB Group
- Mitsuba Corporation
- Constar Micromotor Co Ltd
- Siemens AG.
- Mabuchi Motor Co Ltd
- Nidec Corporation
- Buhler Motor GmbH
- Johnson Electric Holdings Limited
- Maxon Motor AG
These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/12548
Key Benefits for Stakeholders:
- This report offers a quantitative analysis of the market segments, current trends, estimations, and dynamics of the micro motor market analysis from 2021 to 2030 to identify the prevailing micro motor market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the micro motor market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global micro motor market trends, key players, market segments, application areas, and market growth strategies.
𝐒𝐩𝐞𝐚𝐤 𝐖𝐢𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 https://www.alliedmarketresearch.com/connect-to-analyst/12548
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