Markets

Rise in Industrial Automation & Growing Demand from Medical Gear and Automotive Business

DUBLIN, Aug. 2, 2022 /PRNewswire/ — The “Micro Motors – World Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.

Research and Markets

Analysis and Markets

World Micro Motors Market to Attain $34 Billion by 2026

The worldwide marketplace for Micro Motors estimated at US$28.5 Billion within the 12 months 2022, is projected to succeed in a revised measurement of US$34 Billion by 2026, rising at a CAGR of 4.1% over the evaluation interval.

The marketplace for micro motors is principally pushed by rise in industrial automation, growing demand from medical tools and automotive {industry}, rising use in plane techniques, and rising purposes in communications tools, house equipment and 3D printers.

The rising pattern of manufacturing facility automation in nations the world over and growing automobile numbers are the 2 important components propelling development. The rise in lab automation additionally bodes effectively for micro motors market pushed by rising want for precision movement management options.

Micro motors discover software as miniature piezo motors in medical pipette, telemedicine robots, MRI robotic, endoscopy surgical precision, robotic biopsy system, infusion pumps, ultrasound transducer, and pharmaceutical meting out amongst others. Demand for ultra-micro motors elevated considerably over the previous few years pushed by speedy communications development and elevated proliferation of micro video video games, healthcare tools and shopper electronics.

Brushless, one of many segments analyzed within the report, is projected to develop at a 4.5% CAGR to succeed in US$24.9 Billion by the top of the evaluation interval. After an intensive evaluation of the enterprise implications of the pandemic and its induced financial disaster, development within the Brushed section is readjusted to a revised 3.2% CAGR for the subsequent 7-year interval.

This section at present accounts for a 32.1% share of the worldwide Micro Motors market. Brushless motors are anticipated to witness heightened demand in automotive purposes, similar to in plug-in electrical autos with electromechanically-driven powertrain and chassis techniques. Thus, the rising gross sales of electrical autos within the automotive {industry} bode effectively for brushless motors.

The U.S. Market is Estimated at $5.4 Billion in 2022, Whereas China is Forecast to Attain of $8.6 Billion by 2026

The Micro Motors market within the U.S. is estimated at US$5.4 Billion within the 12 months 2022. The nation at present accounts for a 19.29% share within the international market. China, the world second largest financial system, is forecast to succeed in an estimated market measurement of US$8.6 Billion within the 12 months 2026 trailing a CAGR of 5.1% by the evaluation interval.

Among the many different noteworthy geographic markets are Japan and Canada, every forecast to develop at 2.9% and three.4% respectively over the evaluation interval. Inside Europe, Germany is forecast to develop at roughly 3% CAGR whereas Remainder of European market (as outlined within the examine) will attain US$9.2 Billion by the top of the evaluation interval.

Asia-Pacific area is predicted to witness sturdy demand for micro motors on account of rising automotive {industry}, improve in healthcare facilities, and rise in mining and development actions. The rising industrial automation in China gives profitable development alternatives within the area.

What`s New for 2022?

  • World competitiveness and key competitor proportion market shares

  • Market presence throughout a number of geographies – Robust/Lively/Area of interest/Trivial

  • On-line interactive peer-to-peer collaborative bespoke updates

  • Entry to the digital archives

  • Complimentary updates for one 12 months

Key Subjects Coated:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Influence of Covid-19 and a Looming World Recession

  • Weak Financial Surroundings Discourages Market Prospects

  • Restricted Market Alternatives amid Subdued Industrial Exercise

  • Regardless of Strikes to Reopen the Financial system, Battered Enterprise Confidence Plummets to New Depths: Enterprise Confidence Index (BCI) Factors

  • A Prelude to Micro Motors

  • World Prospects & Outlook for the Micro Motors Market

  • Competitors

  • Micro Motors – World Key Rivals Proportion Market Share in 2022 (E)

2. FOCUS ON SELECT PLAYERS (Complete 70 Featured)

  • ABB Ltd.

  • ABShot Tecnics S.L.

  • Buhler Motor GmbH

  • Changzhou Fulling Motor Co., Ltd.

  • Constar Micromotor Co., Ltd.

  • FAULHABER Group

  • Johnson Electrical Holdings Restricted

  • Mabuchi Motor Co., Ltd.

  • maxon motor AG

  • Nidec Company

  • Precision Microdrives Restricted

  • Printed Motor Works Restricted

  • Shinano Kenshi Co., Ltd.

  • Siemens AG

  • Telco Intercontinental Company

3. MARKET TRENDS & DRIVERS

  • As Automation Turns into A part of Rising Industries, Processes and Factories, Demand Rises for Micro Motors

  • Elevated Spending on Industrial Automation Spurs Want for Micro Motors

  • Manufacturing facility Automation Opens Up Profitable Alternatives

  • Rising Use of Robotic Units Provides Rise to Market Demand

  • Business 4.0 and Sensible Factories Developments Current Great Potential for Servo Motors and Drives Market

  • Main Business 4.0 Applied sciences: World Market Dimension (US$ Billion) for Web of Issues (IoT), Large Information, Sensible Manufacturing facility, Superior Analytics, Service Robotics, and Sensible Machines for 2020E

  • Automotive Business’s Shift in the direction of Superior and Environment friendly Automation Applied sciences Augurs Properly for the Market

  • Restoration in Automotive Business Submit COVID -19 to Help Demand

  • Rising Prominence of Vitality Environment friendly Electrical Automobiles to Spur Demand for Micro Motors

  • Enhance in Lab Automation Bodes Properly for Micro Motors

  • Growing Demand for Micro Motors from the Healthcare Sector

  • Position of Micro Motors in Focused Drug Supply Programs

  • Growing Mechanization of Agricultural Operations Boosts Micro Motors Demand

  • Proportion of Mechanization in Agriculture in Choose International locations

  • Growing Demand for Micro Motors from 3D Printing

  • Choose Improvements and Developments

  • Mirmex Motors Develops a Novel Methodology for Excessive Energy Density Micro Motor Windings Manufacturing

  • Analysis Crew Develops Micro Motors that may exploit Organic Surroundings

  • New Structural Coloration Barcode Micro Motors Developed

  • Bioservo Applied sciences Develops Ironhand, a Micro Motors-Built-in Robotic Glove

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For extra details about this report go to https://www.researchandmarkets.com/r/m1r99j

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