Booming Automation at Research Laboratories to Boost Micro Motor Market

Posted on 2019-02-18 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Feb-18 — /EPR Network/ — As indicated by the micro motor market report published by Fact.Mr, automotive applications will remain the most opportunistic area for micro motor manufacturers. Demonstrating 5% CAGR over 2017-2022, the automotive applications are presumed to attract the revenue of over US$ 9 Bn in the micro motor market, followed by applications in industry automation and medical equipment systems. Fact.MR predicts a similar CAGR for both industry automation and medical equipment during the projection period; however the former will remain superior to the latter in terms of revenue sales.

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“Driven predominantly by high-potential opportunities in automotive, industrial automation, and medical equipment systems, the global micro motor market revenue will expand at a moderate CAGR of 4.4% over 2017-2022, reaching around US$ 38 Bn towards 2022 end,” predicts an expert research analyst at Fact.MR.

Strong growth in the demand for automation in analytical laboratories operating in chemical, life sciences, diagnostics, food technology, and pharmaceutical sectors is identified to be a prominent factor boosting micro motor sales. Automation of robotic biopsy systems, telemedicine robots, infusion pumps, endoscopy surgical precision, ultrasound transducer, and solution mixers will remain among the key growth drivers for micro motor landscape over the years ahead. This growth of micro motor market will be further strengthened by increasing deployment in construction and mining sectors, attributed to high endurance, low price point, and vibration alert notification.

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Micro motor market segmentation on the basis of product type – DC micro motor and AC micro motor.

Micro Motor Market Segmentation Analysis by Power Consumption

micro motor market based on the power consumed – less than 12V, 12V-48V, and more than 48V.

Micro motor Market Segmentation Analysis by Application

application-wise analysis of the market by multiple sub-segments, viz.

automotive, medical equipment systems, industry automation, agriculture equipment, aircraft, construction and mining equipment, and 3D printing.

Micro motor Market Segmentation Analysis by Technology

segmental analysis of technology segment that has been bifurcated into brushed micro motor and brushless micro motor.

Micro motor Market Segmentation Analysis by Region

the micro motor market report offers assessment of the market traversing six key regions operating in the global landscape. Regional analysis has been performed on the basis of all the four key segments – product type, power consumption, application, and technology.

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Product Definition: Micro Motor Market

Micro motors, as the term suggests, are miniaturized motors that are widely used by various end use verticals for mobility applications. Portability, high energy efficiency, and vibration alert notification are among the key attributes of micro motors that enable it to be considered as a better alternative to conventional small-sized motors.

With over US$ 10 Bn worth of revenue share in the global micro motor market, Asia Pacific currently reigns supreme. While the highest on-road vehicle parc and automotive production volume will continue to enable APEJ to secure the top ranking position globally, Europe is slated to emerge as a lucrative market for micro motor manufacturers in the near future. North America’s market for micro motor is anticipated to expand a promising CAGR over 2017-2022, which is attributed to mainstreaming of the technologies such as 3D printing and industry automation.

About Fact.MR

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