Sales Of Micro Motor Market Are Expected To Reach Nearly US$ 40,000 Mn By 2022-End

Posted on 2018-04-27 by Mark Hub in Automotive // 0 Comments

Rockville, US, 2018-Apr-27 — /EPR Network/ — A freshly compiled business intelligent report, titled “Micro Motor Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Micro Motor” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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Micro motors are small-sized motors which offer high performance characteristics. These are further divided into AC and DC motors. Features of micro motors have enabled the automotive industry in incorporating luxury into all segments. Basically, two types of AC and DC motors exist in the market viz. brushed and brushless motors.

Moderate expansion at less than 5% CAGR is estimated for the global micro motor market over the forecast period 2017 to 2022, according to a new study by Fact.MR. Revenues from global sales of micro motor are expected to reach nearly US$ 40,000 Mn by 2022-end.

Scope

The scope of the report is to analyze the global micro motor market for the period 2017-2022 and give readers an accurate, unbiased analysis. Micro motor manufacturers, suppliers, and stakeholders in the overall micro motor industry can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading journals and trade magazines.

APEJ will Remain Dominant in the Global Micro Motor Market

In terms of revenues, Asia Pacific excluding Japan (APEJ) is anticipated to be dominant in the global micro motor market in 2017, and this trend will continue to prevail during the forecast period. Europe will continue to be the second largest market for micro motor. Although, the micro motor market in the Middle East & Africa (MEA) will account for lower revenues, sales are expected to witness an above average expansion through 2022.

DC micro motors will continue to remain sought-after among products in the global micro motor market, with sales poised to register a moderate expansion through 2022. However, sales of AC micro motors are estimated to exhibit a sluggish expansion throughout the forecast period.\

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Sales of 12V-48V Micro Motors to Register the Highest CAGR through 2022

On the basis of power consumption, 12V-48V micro motors are expected to remain dominant in the global market, with sales expanding at the highest CAGR through 2022. Sales of less than 12V micro motors are estimated to account for larger revenues as compared to above 48V micro motors. However, sales of above 48V micro motors will register a relatively higher CAGR than that of less than 12V micro motors.

Micro motors will continue to witness largest application in automotive sector, with revenues expected to account for over 1/4^th share of the market. Industry automation is expected to be the second most lucrative sector for application of micro motors by 2022-end. However, demand for micro motors in aircraft applications will remain sluggish throughout the forecast period.

By technology, brushless micro motors will continue to witness the largest adoption in the global micro motor market. Sales of brushless micro motors are expected to exceed US$ 20,000 Mn in revenues by 2022-end. Sales of brushed motors will continue to witness a sluggish expansion through 2022.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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