Global Micro Motor Market to Witness Growth Acceleration During 2017 to 2022
The global micro motor market revenue will possibly exhibit 4.4% CAGR over 2017-2022, approaching the valuation of US$ 38 Bn by 2022 end.
[USPRwire, Sat Apr 13 2019] FactMR has actively published a new research study titled “Global Micro Motor Market to Witness Growth Acceleration During 2017 to 2022 | Key Players are Mabuchi Motor Co. Ltd., Mitsuba Corp., Wellings Holdings Ltd., etc.” to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the micro motor market during the period between *forecast period*. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants. As per research findings, the global micro motor market is expected to showcase impressive growth at 4.4% CAGR during the period until 2022.
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A leading company specializing in precision motion control and micro motor solutions has specifically introduced a range of medical motors that powers up an extensive range of medical devices, including ventilation equipment, surgical hand tools, respiratory devices, radiation therapy devices, biopsy systems, therapeutic guns, and medical pumps. While automation in medical and healthcare systems has been a known concept for the recent past, the aforementioned medical micro motors stand out owing to their superior miniaturization and high power performance.
Other peculiarities of medical micro motors include high motor efficiency, sterilization, significantly low vibration, and precise control. With introduction of targeted micro motors enhancing functionality and efficiency of a number of medical devices and equipment, it is likely that micro motor manufacturers and innovators will explore interesting business opportunities in the medical and healthcare industry. A recent innovation that includes the development of micro and nano motors that potentially serve as compact, non-invasive medical delivery and healthcare monitoring systems, is being perceived as the revolutionary development in the world of medicine.
Besides in-vitro medical diagnostic centers, laboratories are increasingly adopting automation process - pushing the demand for micro motors. Automation in analytical laboratories, though not a new concept, is majorly dependent on the functioning of micro motors. When volumes of samples are due for rapid testing and faster results, laboratories opt for operational automation with the help of micro motor delivers high throughput at relatively lower costs. Moreover, the probability of manual error is completely eliminated, which will remain a key factor driving demand for micro motor driven automation. Manufacturers in micro motor market serving pharmaceutical, molecular biology, food technology, and chemical testing laboratories are focusing on incorporating high precision and dynamics for smoother operations.
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With soaring automotive production, the demand for active and passive vehicular safety systems is also witnessing a constant rise over the past decade. Emergency braking systems, night vision systems, seat belts, airbags, and anti-lock braking systems include some of the most prominent automotive components contributing a significant share to the micro motor market revenue. Advancing technologies in the drive-by-wire such as brake-by-wire, shift-by-wire, steer-by-wire, and electronic throttle control (ETC) will also sustain the growth of micro motor market. Furthermore, escalating adoption of in-wheel micro drive systems is expected to specifically favor the sales of high-torque micro motor in the near future. Brushless DC micro motor has been observing robust expansion with growing popularity of electric vehicles (EVs) over the recent past. The latest example of the deployment of brushless DC micro motor is the new M3 smart module platform - SQUIGGLE motor - developed with the new scale technologies. This piezoelectric micro motor is highly compact in size and is being considered to be breakthrough innovation in the micro motor space. Developed with an objective to achieve high performance, this and more such innovations are likely to improve the prospects for micro motor market in the near future.
ABB Ltd., Mabuchi Motor Co. Ltd., Johnson Electric Holdings Limited, Mitsuba Corp., Wellings Holdings Ltd., Constar Micromotor Co. Ltd., Nidec Corporation, Maxon Motors AG, Buhler Motors GmbH., and Asmo Co. Ltd. are among the leading players participating in the competitive space of the global micro motor market. The report offers an extensive analysis of the company profiles, market shares, recent developmental strategies, and current and prospected financial performance.
In the backdrop of the latest industry trends, a majority of competitors in the global micro motor market are investing their efforts in developing micro motors for a plethora of disposable medical devices, experimenting affordable automation of routine industrial tasks, and exploring micro motor applicability in consumer products. Key players are proactively taking steps to adapt to evolving globalization pressures by concentrating on reliability and accuracy through high-throughput manufacturing.
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