Micro Motor Market Outlook- 2030 The global micro motor market size was $ 36,477.9 million in 2020, and is expected to reach $56,066.2 million by 2030, with a CAGR of 4.1% from 2021 to 2030. Micro motor is lighter and compact in size. Micro motor is basically designed for low power consumption and minimize electromagnetic interference. Micro motor has features such as quick operation, superior performance, and broader power option. Micro motor finds applications in drilling, polishing, grinding, and various other industrial applications. Micro motor is available in both modes brushed as well as brushless. Micro motor is widely used in industrial and aerospace industry. Micro motor is available in power range of 1V to 60V. The factors that make a micro motor advantageous over other motors are electronic control, high power to weight ratio, and high speed. They find their applications in hand-held power tools, computer peripherals, printers, disk drives, and vehicles. The benefits associated with micro motor such as high torque, low noise level, save energy, and increase operational efficiency fuel the micro motor market growth . The rise in trend of industrial automation and growing popularity of miniature electronic devices fuel the growth of the micro motor market. Micro motor finds use in various applications such as hand dryer, surgical devices, fans, pumps, compressors, and domestic appliances. Increase in urban population and rise in consumer awareness about eco-friendly products drive the micro motor market growth. Get Free Sample:-https://www.alliedmarketresearch.com/request-sample/12548 In addition, micro motor is used in various industry verticals such as agriculture, medical, healthcare, and automotive, owing to rise in demand for motors. The healthcare industry in various countries such as the UK, the U.S., and India is growing at a significant pace, due to increase in investments in this sector by government. For instance, in 2018, the UK Government spent $252.9 billion on the healthcare industry. This is expected to drive the demand for brushless DC motors, owing to features such as energy efficient, high torque, and high rpm. Growth in demand for HVACs in the Middle East, especially in Gulf Cooperation Council (GCC) countries and increase in demand for HVAC in the UAE due to rise in focus to decrease the dependence on oil drive the growth of the micro motor market in this region. Additionally, events such as World Expo 2020 in UAE and FIFA World Cup 2022 in Qatar boost the demand for infrastructure and HVAC. This is expected to increase the demand for micro motor in the Middle East. All such instances drive the growth of the micro motor market. Competition Analysis Key players profiled in this report include Mabuchi Motor Co Ltd, Nidec Corporation, Buhler Motor GmbH, Johnson Electric Holdings Limited, Maxon Motor AG, Arc Systems Inc, ABB Group, Mitsuba Corporation, Constar Micromotor Co Ltd, and Siemens AG. The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the changing consumer demands. For instance, in February 2021, Nidec Corporation acquired Mitsubishi Heavy Industries Machine Tools Co. Ltd, based in Japan, deals in motors, machine tools, cutting tools, and related products. The acquisition aimed to improve the product portfolio of motors and actuators. Full Report With TOC:-https://www.alliedmarketresearch.com/micro-motor-market-A12183