The North America Micromotor Market would witness market growth of 7.4% CAGR during the forecast period (2023-2029).
The advantages of micro motors, such as their low noise level, high torque, ability to conserve energy, and ability to operate more effectively, are what is driving the market for them to rise. The micro motor market is expanding as a result of the rising movement of industrial automation and the rising demand for small electronic devices. Micro motors are utilized in an extensive variety of applications, some of them being hand dryers, pumps, compressors, surgical equipment, and home appliances. The expansion of micro motor demand is driven by a rise in the urban population as well as a surge in consumer knowledge of eco-friendly products.
Through the micro motor, electrical energy is converted to mechanical power. Micro motors are used in a variety of equipment, including fans, toothbrushes, pumps, electric shavers, robots, and windshield cleaners. Micro motors have found applications in a wide variety of fields, including the medical and pharmaceutical sectors, robotics, the automotive sector, and others. Due to their high efficiency, high torque, durability, exceptional controllability, and dependability characteristics, micro motors are being used in industrial applications more and more frequently. Furthermore, demand for these motors is rising due to their application in robotics, HVAC, and electric cars, which is one of the key factors driving market expansion.
Similar to how they are transforming many other industries, drones are reinventing aviation, affecting both old and new industries while drastically increasing the number of commercial and recreational drone pilots accessing Canadian airspace. As a result, UAVs can potentially boost Canada's commercial sector's efficiency and competitiveness. In Canada, the drone ecosystem includes several significant drone industry players, including federal agencies, academic institutions, non-profit groups, and a variety of drone firms. Therefore, demand for micro motors will continue to drive the regional micro motor market expansion during the projection period.
The US market dominated the North America Micromotor Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $14,000.1 million by 2029. The Canada market is poised to grow at a CAGR of 9.8% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 8.8% during (2023 - 2029).
Based on Application, the market is segmented into Industrial Automation, Healthcare, Construction & Mining, Aircraft Systems, Agriculture Equipment System, Automotive and Others. Based on Type, the market is segmented into AC Motors and DC Motors. Based on Technology, the market is segmented into Brushed and Brushless. Based on Consumption, the market is segmented into 12-24 V, <11 V, 25-48 V and >48 V. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Micromotor Market is Projected to reach USD 68.6 Billion by 2029, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MITSUBA Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motor Co., Ltd., Maxon Motor Ag, Constar Micromotor Co., Ltd., Bühler Motor GmbH, Siemens AG, ABB Group, and ARC Systems, Inc.
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