North America Micromotor Market Size, Share & Industry Trends Analysis Report 2023

Dublin, Aug. 23, 2023 (GLOBE NEWSWIRE) -- The "North America Micromotor Market Size, Share & Industry Trends Analysis Report By Application, By Type (AC Motors and DC Motors), By Technology (Brushed and Brushless), By Consumption, By Country and Growth Forecast, 2023 - 2029" report has been added to ResearchAndMarkets.com's offering.

North America Micromotor Market stands poised for remarkable growth with an anticipated Compound Annual Growth Rate (CAGR) of 7.4% throughout the forecast period (2023-2029)

The driving force behind this ascent lies in the exceptional advantages micro motors offer - from their quiet operation and potent torque to their energy-saving capabilities and enhanced efficiency. As the march towards industrial automation gains momentum and the demand for compact electronic devices surges, the micro motor market experiences an expansive trajectory.

These miniature powerhouses find application across diverse sectors, fueling innovations in hand dryers, pumps, compressors, surgical equipment, and household appliances. Fueled by a burgeoning urban population and an increased consumer awareness of eco-friendly products, the demand for micro motors continues to soar, underpinning the market's promising growth prospects.

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 should witness a CAGR of 8.8% during (2023-2029).

Key Market Players

MITSUBA Corporation

Nidec Corporation

Johnson Electric Holdings Limited

Mabuchi Motor Co., Ltd.

Maxon Motor Ag

Constar Micromotor Co., Ltd.

Buhler Motor GmbH

Siemens AG

ABB Group

ARC Systems, Inc.

Scope of the Study

By Application

Industrial Automation

Healthcare

Construction & Mining

Aircraft Systems

Agriculture Equipment System

Automotive

Others

By Type

AC Motors

DC Motors

By Technology

Brushed

Brushless

By Consumption

12-24 V

< 11 V

25-48 V

>48 V

By Country

US

Canada

Mexico

Rest of North America

For more information about this report visit https://www.researchandmarkets.com/r/lk7cj4

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