The Global Micro Motor Market is driven by Miniaturization
The micro motor market has witnessed significant growth over the past few years owing to miniaturization of various electronic devices. Micro motors find wide applications in electronics, manufacturing, automotive, medical devices and other industries. Their compact size and ability to deliver high torque at low power consumption has increased their adoption across industries. Some key advantages of micro motors include high efficiency, precise speed control, reliability and ability to function in confined spaces. Growing Micro Motor Market Demand for advanced automation solutions and miniature portable devices has fueled the need for smaller, efficient and precise micro motors.
The global Micro Motor market size was valued at US$ 42.54 Billion in 2024 and is expected to reach US$ 67.01 Billion by 2031, grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
Key Takeaways
Key players operating in the micro motor market are Nidec Corporation, Bosch, Mabuchi Motor Co Ltd, Abb Ltd, Siemens Ag, Denso Corporation, Maxon Motor Ag, Mitsuba Corporation, Johnson Electric Holdings Limited, Brose Fahrzeugteile Gmbh & Co. Kg, Portescap, Allied Motion Technologies Inc., Arc Systems Inc., Constar Micromotor Co. Ltd., Bühler Motor GmbH, Fritz Faulhaber GmbH & Co. KG, Ebmpapst, Faulhaber Group, Chinabase Machinery (Hangzhou) Co. Ltd, Mini Motor.
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