Market revenue in 2023 | USD 2,929.9 million |
Market revenue in 2030 | USD 3,992.4 million |
Growth rate | 4.5% (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 |
Key market players worldwide | Mitsuba, Nidec Corp, Johnson Electric Holdings Ltd, Mabuchi Motor Co Ltd, Buhler Industries Inc, Robert Bosch Engineering & Business Solutions, Denso Corp, Siemens AG |
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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 62.72% in 2023. Horizon Databook has segmented the Latin America micro motor market based on dc motor, ac motor covering the revenue growth of each sub-segment from 2018 to 2030.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America micro motor market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America micro motor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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