Micro Motor Market is Projected to Reach USD 35.59 Billion in 2020

Date: 2015-11-24

The micro motor market is projected to reach USD 35.59 billion in 2020, from USD 28.26 billion in 2015 growing at a CAGR of 4.56%. With increasing demand from Automotive, Medical Equipment, Industrial automation, aircraft, home appliance, electronic information and communications equipment, and 3D printers among other industries, would drive the micro motor market. 

Micro motors play a significant role in the automobile industry. In recent years, there were technological advancement to develop high-quality micro motors to address automotive sector demands for automotive comfort and safety. Features such as fingertip rear & wing mirror controls, electronic climate control with vent movement, and even seat adjustment are growing in demand. These easy-to operate-features powered by micro motors allow the automotive industry to offer and incorporate affordable luxury in all car segments.

Micro motors in lab automation are used in piezo motors power MRI robot, telemedicine robots, pharmaceutical dispensing, endoscopy surgical precision, automated biopsy device, robotic biopsy system, medical pipette, infusion pumps, ultrasound transducer, solution mixers, and temperature regulators among others. With increasing demand for these devices would drive the demand for micro motors. 
Asia-Pacific region is projected to have high demand for micro motors aiding to increasing population, increasing construction and mining activities, demand for comfort and luxury features in automotive, and increasing health care centers. 

Break-up of profile of primary participants for the report: 
• By Company Type:  Tier-1 – 56 %, Tier-2 – 42% and Tier-3 – 2% 
• By Designation: C level – 17%, Director level – 33%, Others – 50% 
• By Region: North America – 14%, Europe – 28%, APAC – 55%, RoW – 3% 

List of Companies Profiled:
• MITSUBA CORPORATION
• NIDEC CORPORATION
• JOHNSON ELECTRIC HOLDINGS LIMITED
• MABUCHI MOTORS
• ABB LTD
• WELLINGS HOLDINGS LTD
• ASMO CO LTD.
• CONSTAR
• MAXON MOTORS AG
• BUHLER MOTORS GMBH

Categories

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample