Global Micro Motor Market Size & Outlook, 2023-2030
Global micro motor market, 2018-2030 (US$M)
Related Markets
Global micro motor market highlights
- The global micro motor market generated a revenue of USD 41,795.4 million in 2023 and is expected to reach USD 63,572.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.2% by 2030.
- In terms of segment, dc motor accounted for a revenue of USD 25,612.1 million in 2023.
- AC Motor is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 41,795.4 million |
| Market revenue in 2030 | USD 63,572.6 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Dc motor |
| Fastest growing segment | AC Motor |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | DC Motor, AC Motor |
Other key industry trends
- In terms of revenue, the North America accounted for 26.9% of the global micro motor market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 1,702.8 million by 2030.
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Micro Motor Market Scope
Micro Motor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global micro motor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to micro motor market will help companies and investors design strategic landscapes.
Dc motor was the largest segment with a revenue share of 61.28% in 2023. Horizon Databook has segmented the Global micro motor market based on dc motor, ac motor covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Micro Motor Type Outlook (Revenue, USD Million, 2018-2030)
- DC Motor
- Brushless
- Brushed
- AC Motor
- DC Motor
- Global Micro Motor Power Consumption Outlook (Revenue, USD Million, 2018-2030)
- Below 11V
- 12-24 V
- 25-48 V
- Above 48 V
- Global Micro Motor Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Industrial Automation
- Electronic Appliances
- Healthcare
- Aerospace
- Others
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Target buyers of Global micro motor market databook
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Our clientele includes a mix of micro motor market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global micro motor market , including forecasts for subscribers. This global databook contains high-level insights into Global micro motor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global micro motor market size, by regions, 2018-2030 (US$M)
Top 10 countries: Micro motor market size, 2023 (US$M)
Global micro motor market share, by type, 2023 & 2030 (%, US$M)
Micro motor market: Opportunity assessment by country
Global micro motor market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 9,534.5 | 9,862.9 | 10,168.0 | 10,497.3 | 10,857.7 | 11,259.7 | 11,708.0 | 12,217.2 | 12,803.2 | 13,483.5 | 14,289.7 | 15,252.1 | 16,408.1 | 5.5% |
| Europe | 7,634.4 | 7,973.2 | 8,298.9 | 8,650.3 | 9,033.9 | 9,458.3 | 9,931.1 | 10,464.4 | 11,073.7 | 11,776.2 | 12,602.4 | 13,582.7 | 14,755.2 | 6.6% |
| Asia Pacific | 11,022.2 | 11,574.3 | 12,112.3 | 12,692.4 | 13,325.0 | 14,026.6 | 14,800.6 | 15,672.6 | 16,667.1 | 17,812.1 | 19,156.1 | 20,748.4 | 22,650.9 | 7.1% |
| Latin America | 2,586.3 | 2,653.7 | 2,713.3 | 2,777.6 | 2,848.3 | 2,929.9 | 3,017.4 | 3,118.6 | 3,237.0 | 3,376.5 | 3,544.3 | 3,746.8 | 3,992.4 | 4.5% |
| MEA | 3,589.0 | 3,694.0 | 3,788.9 | 3,891.3 | 4,003.6 | 4,121.0 | 4,269.2 | 4,435.5 | 4,624.8 | 4,842.5 | 5,098.9 | 5,403.0 | 5,766.0 | 4.9% |
| Overall | 34,366.3 | 35,758.2 | 37,081.2 | 38,508.9 | 40,068.5 | 41,795.4 | 43,726.4 | 45,908.3 | 48,405.7 | 51,290.7 | 54,691.3 | 58,733.0 | 63,572.6 | 6.2% |
Related regional statistics
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