Micro Motor Market 2018-2028 By Size, Share, Trends, Growth, Forecast | TechSci Research

The Global Micro Motor Market reached a size of USD 45.81 billion in 2022 and is projected to grow to USD 89.62 billion by 2028, with a CAGR of 7.95% from 2022 to 2028. The micromotor market is driven by various factors, including the need for device miniaturization, the growing demand for medical implants, advancements in manufacturing technology, increased adoption of automation and robotics, and the rising popularity of electric vehicles. The market is expected to continue growing in the future due to the increasing demand for smaller, more efficient, and more precise motors. Furthermore, technological advancements and cost-effective manufacturing techniques have made micromotors more widely available and affordable, making them suitable for diverse applications in various industries.

Key Market Players

Mitsuba Corporation
Nidec Corporation
Johnson Electric Holdings Limited
Mabuchi Motor Company Ltd
ABB Ltd.
Constar Micromotor Co Ltd
Buhler Motor GmbH
Robert Bosch GmbH
Denso Corporation
Maxon Motor AG
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