Micro Motor Market Surge Towards Solid Growth by 2024
Zion Market Research, the market research group announced the analysis report titled "Micro Motor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWire) -- 08/16/2017 --Global Micro Motor Market: Overview
Micro-motors are small particles that propel themselves autonomously in specific directions when placed in a chemical solution. The researchers have been able to find that the micro-motors that can photo-catalytically degrade certain biological warfare agents and chemicals. The micro-motor can be used to deliver certain medications or do other interventions. It can be used to deliver nanoparticles into living cells. The micro motor market is developing to increase the demand for the micro motor products in a number of fields such as medical, automotive, defense, home appliances and 3D printing.
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Global Micro Motor Market: Growth Factors
The increasing demand for micro motor products from the automotive, medical, defense, aircraft systems, industrial automation, home appliance, communication equipment, electric information equipment and 3D printing industries may increase the global micro market growth in future. The micromotors are used in the lab automation devices. The use of lab automation devices on a large scale has increased the demand for micro motor products.
Global Micro Motor Market: Segmentation
The micro motor market is segmented based on the type, application, power consumption, technology, region, and aftermarket. The type segment is further bifurcated into AC motor and DC motor. The application segmentation is aircraft, agricultural equipment, 3D printing, industrial automation, medical equipment, construction and mining equipment and automotive. The technology segment is further categorized into the brushed motor and brushless motor. The power consumption segment is sub-segmented into below 11V, 12V-24V, 25V–48V and above 48V. The region segment is segmented into Europe, South America, North America, Middle East and Africa, Asia-Pacific and Rest of the World.
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Global Micro Motor Market: Regional Analysis
Asia-Pacific region is the largest micro motor market from 2016 and it is assumed that it will maintain its standard in the coming years. The second largest market for the micro motor is Europe. The APAC regions also contribute to micro motor production throughout the global market. The regions such as North America and the US are also showing rapid growth in the global market. The growth in the global micro motor market is due to the tremendous development in designing and the demand for high-efficiency motors. The countries such as Thailand, China, Korea, and India are the upcoming markets for lab automation.
Global Micro Motor Market: Competitive Players
The major competitive players in the global micro motor market include ABB Ltd., CONSTAR Motor, Mitsuba Corporation, NIDEC Corporation and Johnson Electric holdings Limited. The other players that contribute shares in the market are Buhler Motor GmbH and Mabuchi Motors. The various competitors in the market adopt a number of strategies along with quality development to raise their market standards.
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