MicroMotor Market To Generate $77.5 Billion Revenue by 2030

The micro motor market revenue is expected to reach USD 77.5 billion by 2030, exhibiting a CAGR of 8.6% during 2024–2030.

Electric vehicles (EVs) are being widely adopted, where micro motors are used extensively. In the electric powertrain, they transform the electrical energy contained in the battery into mechanical energy, to move the vehicle. They are perfect for micromobility applications, such as electric bicycles and scooters, because of their small size. Another crucial application for these motors is battery management, which guarantees optimum energy utilization and increases battery life. They also control HVAC, power steering and windows, and brake actuators, to improve handling, safety, and passenger comfort.

Beyond EVs, these devices are used in energy-efficient home appliances and renewable energy systems, thereby helping advance sustainability across several industries. Hence, the revenue in this market will increase with the expansion of environmental concerns, which are driving innovation in the field of green technology.

These components are also used to provide precise and controlled motion for drilling, polishing, and grinding processes in a range of industries, including aerospace, automotive, electronics, and medical devices. Essentially, they fit well in the global products and gadget miniaturization trends, while enabling great precision and accuracy.

Micro motors power rotary equipment in the dentistry, medical, and watchmaking industries, to perform delicate procedures and create elaborate designs. They are also essential in the production of electronic circuit boards and portable and handheld instruments, where they increase usability and productivity. The requirement for precise machining from these expanding industries is predicted to drive the growth of the market.

>48 V Power Consumption Category Is Expected To Witness High Growth Rate

On the basis of power consumption, the >48 Volts category is expected to showcase a significant CAGR, due to the increasing adoption of vehicle electrification and advanced driver assistance systems (ADAS). The traditional 12-V automotive electrical systems are unable to supply enough power for the large number of high-tech gadgets in advanced automobiles; thus, automakers are switching to 48-V systems.

Essentially, due to their capacity to improve power storage and management efficiency, 48-Volt systems are becoming common in the field of electric mobility. In order to move an electric vehicle, as well as carry out additional tasks, such as regenerative braking, powerful systems are needed. The overall performance and range of EVs increase with a 48-V architecture, which also reduces current losses during gearbox operation.

Moreover, for lowering greenhouse gas emissions and advancing sustainable energy solutions, leveraging renewable energy sources, such as solar and wind, is crucial. Micro motors play a crucial role in powering many renewable energy system components, including tracking mechanisms in solar panels and pitch control in wind turbines, to ensure efficient energy capture and utilization.

Increasingly, 48-V micro motors are being used in heavy-duty industrial machinery because of the former’s better energy efficiency and easier wiring. These systems provide accurate motion control, thus improving the efficiency and safety of machinery. They could also help achieve sustainability objectives as they can be easily integrated with renewable energy sources. The deployment of these components also results in decreased maintenance costs because they allow electrical components to last longer.

Some of the key industry players are MITSUBA Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motor Co. Ltd., maxon international ag, Constar Micromotor Co. Ltd., Buhler Motor GmbH, Arc Systems Inc., ABB Ltd., and Siemens AG.