Global Micro DC Motors Market Growth 2023-2029

Global Micro DC Motors Market Growth 2023-2029

The global Micro DC Motors market size is projected to grow from US$ 11510 million in 2022 to US$ 18690 million in 2029; it is expected to grow at a CAGR of 7.2% from 2023 to 2029.

Global top 5 players of micro DC motors are Nidec, MinebeaMitsumi, Mabuchi Motor, Asmo (Denso) and Johnson Electric, with over a half market share. Among the giants in the industry, Nidec makes up over 15%.

China is the largest producer of micro DC motors, accounting for over 70%, followed by Europe and North America, with a total share of 30% around. While the largest market size held by Asia-Pacific, with a share about 35%.

Brushless DC motors brush DC motors are two main types of the product, in which the dominant are those DC motors with brush.

Micro DC motor has been widely used in information processor, automotive, audio, equipment and appliance. And the market of information processor gains the highest worldwide market share of 25%.

LPI (LP Information)' newest research report, the “Micro DC Motors Industry Forecast” looks at past sales and reviews total world Micro DC Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Micro DC Motors sales for 2023 through 2029. With Micro DC Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Micro DC Motors industry.

This Insight Report provides a comprehensive analysis of the global Micro DC Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Micro DC Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Micro DC Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Micro DC Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Micro DC Motors.

This report presents a comprehensive overview, market shares, and growth opportunities of Micro DC Motors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Brushless DC Motors
Brush DC Motors

Segmentation by application
Information Processor
Automotive
Audio Equipment
Appliance
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nidec
MinebeaMitsumi
Mabuchi Motor
Asmo (Denso)
Johnson Electric
IGARASHI
DY Corporation
Maxon Motor
Shenghuabo Group
Constar
Chiaphua Components Limited
NICHIBO
Jinlong Machinery & Electronics
Portescap
Ningbo Jingcheng
Weizhen Motor
Standard Motor( Kin Yat)
Leshi
Shenzhen Power Motor
Changzhou Fulling Motor
Action Motor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Micro DC Motors market?

What factors are driving Micro DC Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Micro DC Motors market opportunities vary by end market size?

How does Micro DC Motors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.