Rockville, MD -- (SBWIRE) -- 03/28/2018 -- 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.
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Introduction of Drive to Modern Design Micro Motors will Drive Growth of the Market
With continuous advancements in electronic technology, the micro motor industry is experiencing mutual M&A adjustment process with the drive manufacturing industry. The introduction of drive-to-modern design of micro motors has bolstered demand for materials as well as manufacturing & production processes, which in turn is expected to drive growth of the micro motor market. In addition, surging car sales have resulted into robust application of electrical equipment. The traditional carburetors in vehicles have been replaced by the quantitative & automatic fuel injection system, and antilock braking systems (ABS) in several cars have been replaced by motors.
There has been a robust expansion in demand for brushless DC motors for adoption in electric vehicles. Manufacturers have been developing portable charging power tools for electronic vehicles, on the back of concerns pertaining to future environmental protection. Moreover, a number of technological innovations have been made in piezoelectric micro motors with high precision. For example, New Scale Technologies has developed an M3 smart module platform, known as "SQUIGGLE motor", which is a revolutionary, small-sized piezoelectric micro motor with high performance characteristics. These factors are expected to augment growth of the global micro motor market.
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.
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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.
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 1/4th 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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