FactMR research firm has recently updated its massive report catalogue by adding a fresh study titled "Micro Motor Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2017 to 2022". This business intelligence study encapsulates vital details about the market current as well as future status during the forecast period of 2017-2022 Readers can expect holistic and comprehensive analysis on the Micro Motor Market, which can be used for formulating effective business strategies. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated to growth of manufacturers in global market for Micro Motor Market
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A leading company specializing in precision motion control and micro motor solutions has specifically introduced a range of medical motors that powers up an extensive range of medical devices, including ventilation equipment, surgical hand tools, respiratory devices, radiation therapy devices, biopsy systems, therapeutic guns, and medical pumps. While automation in medical and healthcare systems has been a known concept for the recent past, the aforementioned medical micro motors stand out owing to their superior miniaturization and high power performance.
Other peculiarities of medical micro motors include high motor efficiency, sterilization, significantly low vibration, and precise control. With introduction of targeted micro motors enhancing functionality and efficiency of a number of medical devices and equipment, it is likely that micro motor manufacturers and innovators will explore interesting business opportunities in the medical and healthcare industry. A recent innovation that includes the development of micro and nano motors that potentially serve as compact, non-invasive medical delivery and healthcare monitoring systems, is being perceived as the revolutionary development in the world of medicine.
Besides in-vitro medical diagnostic centers, laboratories are increasingly adopting automation process - pushing the demand for micro motors. Automation in analytical laboratories, though not a new concept, is majorly dependent on the functioning of micro motors. When volumes of samples are due for rapid testing and faster results, laboratories opt for operational automation with the help of micro motor delivers high throughput at relatively lower costs. Moreover, the probability of manual error is completely eliminated, which will remain a key factor driving demand for micro motor driven automation. Manufacturers in micro motor market serving pharmaceutical, molecular biology, food technology, and chemical testing laboratories are focusing on incorporating high precision and dynamics for smoother operations.
With soaring automotive production, the demand for active and passive vehicular safety systems is also witnessing a constant rise over the past decade. Emergency braking systems, night vision systems, seat belts, airbags, and anti-lock braking systems include some of the most prominent automotive components contributing a significant share to the micro motor market revenue. Advancing technologies in the drive-by-wire such as brake-by-wire, shift-by-wire, steer-by-wire, and electronic throttle control (ETC) will also sustain the growth of micro motor market. Furthermore, escalating adoption of in-wheel micro drive systems is expected to specifically favor the sales of high-torque micro motor in the near future.
Fact.MR’s study on Micro Motor Market is comprehensive – 170 pages, 297 tables, and 93 figures @ https://www.factmr.com/report/95/micro-motor-market
Brushless DC micro motor has been observing robust expansion with growing popularity of electric vehicles (EVs) over the recent past. The latest example of the deployment of brushless DC micro motor is the new M3 smart module platform - SQUIGGLE motor - developed with the new scale technologies. This piezoelectric micro motor is highly compact in size and is being considered to be breakthrough innovation in the micro motor space. Developed with an objective to achieve high performance, this and more such innovations are likely to improve the prospects for Micro Motor Market in the near future.
ABB Ltd., Mabuchi Motor Co. Ltd., Johnson Electric Holdings Limited, Mitsuba Corp., Wellings Holdings Ltd., Constar Micromotor Co. Ltd., Nidec Corporation, Maxon Motors AG, Buhler Motors GmbH., and Asmo Co. Ltd. are among the leading players participating in the competitive space of the global micro motor market. The report offers an extensive analysis of the company profiles, market shares, recent developmental strategies, and current and prospected financial performance.
In the backdrop of the latest industry trends, a majority of competitors in the global micro motor market are investing their efforts in developing micro motors for a plethora of disposable medical devices, experimenting affordable automation of routine industrial tasks, and exploring micro motor applicability in consumer products. Key players are proactively taking steps to adapt to evolving globalization pressures by concentrating on reliability and accuracy through high-throughput manufacturing.
Johnson Electric announced the launch of its new line of products in the DC micro motor section. These micro motors are exceptionally compact in terms of design and aim to improve the automotive fuel efficiency. Claimed to represent the industry's highest power density, these motors significantly contribute to reduced vehicular weight.
Protean Electric, the global in-wheel motor technology leader, recently launched a new in-wheel electric drive system specifically for hybrid, plug-in hybrid, and battery powered light-duty EVs. In-wheel micro motors are readily installed in un-used spaces behind the wheels, which eliminate the need for differentials, gearbox and drive shafts – offering additional design flexibility to automakers.
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.
According to a recently released intelligence outlook, the global micro motor market revenue will possibly exhibit 4.4% CAGR over 2017-2022, approaching the valuation of US$ 38 Bn by 2022 end. The report uncovers all aspects of the global micro motor market and offers analysis of micro motor market performance over the said timeline.
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