Global Micro Motor Market Size & Outlook
The micro motor industry worldwide is expected to reach a projected revenue of US$ 63,572.6 million by 2030. A compound annual growth rate of 6.2% is expected of the worldwide micro motor industry from 2024 to 2030.
Revenue, 2023 (US$M)
$41,795.4
Forecast, 2030 (US$M)
$63,572.6
CAGR, 2024 - 2030
6.2%
Report Coverage
Worldwide
Global micro motor market, 2018-2030 (US$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 segmentation & 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 statistics, by region, 2018-2030 (US$M)
Top 10 countries: Micro motor market size, 2023 (USD Million)
Top 10 countries: Micro motor market size, 2023 (USD Million)
Global micro motor market, by region, 2023 (US$M)
Related regional statistics
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