Published Date: 2019-07-01 | Pages: Ongoing | Tables: Ongoing | Report ID: 7294
Industry: Automation & Transportation
The global small motors market is anticipated to benefit from the rising trend of miniaturization in the electrical and electronics industry. The compact nature of small motors and their effective power transmission ability provide major advantages to end users, which could raise strong demand in the global market. High use of small motors in household and commercial appliances is foreseen to create lucrative opportunities for manufacturers.
In June 2019, Johnson Electric launched new brushless DC (BLDC) motor solutions for ventilation applications. In May 2019, the company introduced two compact-size motor solutions for robotic vacuum cleaners and power tools. In the previous month, it launched permanent magnet DC (PMDC) motors for hair dryers.
Need for Energy Optimization to Increase Demand in Various Industries
● Need for efficient energy consumption and effective energy optimization is foretold to augment the demand in the global small motors market
● Shift in consumer preference toward the use of compact devices is expected to help with the adoption of small motors
● Advantages such as low replacement costs, longer life, and high efficiency are prophesied to increase the interest of end users in using small motors
● Manufacture and use of small motors in adherence to regulatory and automation standards are anticipated to support the growth of the global market
● No need for additional components and accessories to run small motors unlike traditional motors is expected to improve global sales in the coming years
Companies to Aim for Partnerships with Two-way Benefits
Some of the leading manufacturers of small motors are ABB Ltd., AMETEK, Inc., Bosch Rexroth AG, ElectroCraft Inc., Johnson Electric Holdings Limited, MinebeaMitsumi Inc., Moons Industries America Inc., NIDEC Corp., Schneider Electric SE, Shinano Kenshi Co. Ltd., Siemens AG, and Toshiba Corporation. In order to extend their global reach, players are foreseen to develop partnerships and collaborations with two-way benefits. Companies could also be interested in signing strategic mergers and acquisitions as they cash in on the growing requirement of strong communication infrastructures.
Manufacturers to Gain from Demand in Electric Vehicles Market
The emergence of electric bikes is prognosticated to augur well for the global small motors market. In June 2019, German multinational engineering and technology company, Bosch updated and revamped its Performance Line and Performance Line CX e-bike drive units for 2020. According to a press release, the size of the new Bosch Performance Line CX motor has been reduced in approximately half and is said to weigh 25% less than the previous version. Even electric carmakers are expected to find interest in using small motors. In June 2019, it was rumored that Tesla has installed one small motor in the front part of its upcoming Model S and Model X refresh.
● DC Brush Motors (Cored)
● AC Induction Motors
● DC Brush Motors (Coreless)
● DC Axial Fans
● Vibration Motors
● HB Stepper Motors
● Brushless DC Motors
● PM Stepper Motors
By End User
● Industrial Drives
● Consumer Electronics
● Consumer Appliances
The report sheds light on key product segments listed above. Each product is carefully assessed in the report with high emphasis on market share, CAGR, growth potential, sales, and future prospects. On the basis of end user, the global small motors market is anticipated to gain larger growth in the consumer electronics industry due to increased purchase of smartwatches, wearables, smartphones, tablets, TVs, and other gadgets and appliances.
Geographically, North America is expected to secure a commanding share of the global small motors market because of the increasing demand for robust communication networks and infrastructures. Early adoption of electrical and electronic products could be another factor working in the favor of the North America small motors market. High use of gardening tools and lawn care equipment in the US is also predicted to strengthen the growth of the regional market.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
The automotive industry has undergone myriad changes over the past century. It has stirred a revolution, setting in motion trends that have completely transformed the transportation industry. Digitalization has drastically helped business models evolve by leaps and bounds. Major developments in the emerging economies have provided the automotive and transportation industry is a massive boost in recent years.
Increasing investments in automobile manufacturing, especially in the developing countries, strengthening trade and business opportunities, and growing e-commerce has all made its contribution towards shaping the automotive and transportation industry. Our reports take a detailed look at the various factors driving this industry and assess the lucrative opportunities for the players in the near future. The reports discuss the future of artificial intelligence, Internet of Things, vehicle-to-vehicle communication, and autonomous vehicles with utmost objectivity. The next-generation technological advancements and changing outlooks of the players have been studied with unbiased scrutiny for a clear picture of the trajectory of the industry.
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