Overview of Small Motors Market: Consumer Electronic Products to Rope in Lucrative Growth Opportunities till 2026

Posted on 2018-05-11 by Mark Hub in Automotive // 0 Comments

ROCKVILLE, US, 2018-May-11 — /EPR Network/ — A freshly compiled business intelligent report, titled “Small Motors Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” 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 “Small Motors” 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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Growing automation and modernization has led to significant transformations in the manufacturing sector. With the increasing production of various consumer electronic products, leading manufacturers are focusing on product innovation and differentiation. In order to incorporate efficient components in a cost-effective manner, has led to surge in demand for small motors. In addition, growing demand for efficient motor devices that consume is further expected to rev up sales of small motors for the production of various consumer electronic products. Demand for the small motors is likely to remain concentrated towards production of machines and tools in the industrial and agricultural. Production of refrigerators, elevators, pumps, fans, and various other consumer electronic products will continue to contribute towards growth of the global market significantly.

More Than US$ 2,500 Mn Opportunity in Global Small Motors Market

According to Fact.MR, the global small motors market is expected to reach a value of over US$ 2,500 Mn by the end of 2026. As manufacturing efficient devices continues to remain a major concern for the design engineers, manufacturers are increasingly focusing on developing application specific motors. With the growing application of the small motors in infusion systems, clinical diagnostics, medical devices, automation and robotics, industrial power tools, and aerospace. Besides these applications, adoption of the small-sized motors will continue to remain high among the manufacturers for the production of electronic devices globally.

As the need for non-audible indicators in the electronic industry is likely to remain high, demand for the vibration motors will continue to increase significantly. In terms of revenues, the vibration motors is expected to witness the highest growth throughout 2026. Among different types of motor, the DC brush motors (cored) is expected to account for around one-third of the revenue share by the end of 2026. Whereas, the AC small motors will continue to account for over one-fourth of the revenue share in the global market in 2017. By the end of 2026, the consumer electronics is likely to lose grip on its dominance in the global market. Demand for the small motors for the production of consumer electronics is likely to remain more pronounced in various countries of North America.

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Leading market players operating in the global small motors market include Xinapse Systems Ltd, Mim Software, Inc., INFINITT Healthcare Co, Ltd., AGFA Healthcare, Toshiba Medical Systems Corporation, Aquilab, Siemens Healthineers, Carestream Health, Inc., Esaote S.P.A, Merge Healthcare Incorporated, General Electric Company (GE), Sciencesoft USA Corporation, Image Analysis, Koninklijke Philips N.V., and Mirada Medical Limited.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market 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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