Micromotor Market by Application (Automotive, Medical Equipment System, Industrial Automation, Construction & Mining Equipment, Agriculture Equipment System), Type, Technology, Power Consumption & Region - Global Forecast to 2028

Abstract
The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8%. Advancements in medical equipment are driving the micromotor market, which provides precision control and power for various applications in medical devices. Micromotors are becoming increasingly important in medical implants and surgical instruments, such as artificial hearts, pacemakers, and small cutting tools for minimally invasive surgeries, allowing for greater precision and control while minimizing damage to surrounding tissues. Micromotors are also used in diagnostic equipment, such as ultrasound machines and CT scanners, requiring small, efficient, and quiet motors for accurate and reliable results. The micromotor market is expected to grow in the coming years, with increasing demand for advanced medical equipment to improve patient outcomes and healthcare delivery efficiency.

“The micromotors with 12-24V power consumption are projected to dominate the market.”

The 12-24V micromotors are expected to dominate the market as these micromotors are widely used in various applications, including medical devices, automotive, robotics, and aerospace. The 12-24 volt micromotors are preferred due to their high efficiency, reliability, and low power consumption. Compared to high voltage motors, 12-24Volt micromotors are considered safer to use due to their lower risk of electrical shock or other hazards. In addition, they are a cost-effective option for applications where cost is a critical factor, as they are less expensive to manufacture than higher voltage motors. Additionally, they are compact and easy to integrate into various devices, making them an ideal choice for medical implants and other precision instruments. As a result, the demand for 12-24 volt micromotors is expected to increase in the coming years, driving the growth of the micromotor market.

“North America is another prominent largest market for micromotors”

North America is one of the dominant markets in the micromotor industry due to the increasing demand for advanced medical equipment, automotive, aerospace, and robotics applications. The major contributing countries in North America for the micromotor market are the US and Canada. The US is one of the largest markets for micromotors due to the presence of several leading manufacturers and the high demand for medical equipment and aerospace applications. The country is home to many of the world's largest medical device manufacturers, such as Medtronic, Abbott Laboratories, and Boston Scientific.

These companies are investing heavily in research and development to create innovative products and stay ahead of the competition. Similarly, Canada is also a major contributor to the micromotor market in North America due to the growing demand for automotive and aerospace applications. The country has a well-established aerospace industry, and many leading aerospace companies, such as Bombardier and Pratt & Whitney Canada, are based in Canada. These companies use micromotors in their aircraft engines, which drives the demand for micromotors in the country.

The break-up of the profile of primary participants in the low speed vehicle market:
•By Company Type: Tier 2 – 85%, Tier 1 –10 %, and Tier 3 – 5%
•By Designation: C Level – 50%, Others – 33%, and Director Level – 17%
•By Region: Asia Pacific – 55%, Europe – 28%, North America – 14%, Rest of the World – 3%

Prominent companies include MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China) among others.

Research Coverage:
This research report categorizes the micromotor market by application (automotive, medical equipment system, aircraft systems, construction and mining, agriculture equipment system and 3D printer system), by type (AC motor and DC motor), by technology (brushed and brushless), by power consumption (<11V, 12-24V, 25-48V, and >48V) and by region (North America, Europe, Asia Pacific, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the micromotor market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, recession impact, and recent developments associated with the micromotor market. Competitive analysis of upcoming startups in the micromotor market ecosystem is covered in this report.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall micromotor market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
•Analysis of key drivers (Need of golf carts and street legal vehicle with autonomous technology for the geriatric population for their daily commute, increasing popularity of golf sports with increase in number of golf courses in US and Asia Pacific region, and increase in charging infrastructure), restraints (High cost of LSVs has lower sales of the vehicles in developing and underdeveloped countries), opportunities (Increase in infrastructure development in real estate, hotel and resort, and rehabilitation in other European countries for the families of Ukraine after Russia war, increase in autonomous vehicle and connected car technology for better experience of the LSV riders, and increase in global tourism sector which has reached to pre pandemic situation), and challenges (Adoption of lithium ion batteries with high density has increased the battery cost compared to lead acid battery, and lack of safety standards followed by the OEMs with LSV body structure design) are influencing the growth of the LSV market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the micromotor market.
•Market Development: Comprehensive information about lucrative markets – the report analyses the micromotor market across varied regions.
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the micromotor market
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China) among others in the micromotor market
The report also helps stakeholders understand the pulse of the automotive, medical equipment system, aircraft systems, construction and mining, agriculture equipment system and 3D printer system market by providing them with information on key market drivers, restraints, challenges, and opportunities.

Content
Table of Contents

1INTRODUCTION35
1.1STUDY OBJECTIVES35
1.2MARKET DEFINITION35
1.3INCLUSIONS AND EXCLUSIONS36
1.4MARKET SCOPE37
FIGURE 1MARKET SEGMENTATION: MICROMOTOR MARKET37
1.4.1YEARS CONSIDERED37
1.5CURRENCY CONSIDERED38
TABLE 1CURRENCY EXCHANGE RATES38
1.6STAKEHOLDERS39
1.7SUMMARY OF CHANGES39
2RESEARCH METHODOLOGY40
2.1RESEARCH DATA40
FIGURE 2RESEARCH DESIGN: MICROMOTOR MARKET40
FIGURE 3RESEARCH METHODOLOGY MODEL41
2.1.1SECONDARY DATA42
2.1.1.1Key secondary sources for market sizing42
2.1.1.2Key data from secondary sources43
2.1.2PRIMARY DATA43
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION44
2.1.2.1List of primary participants44
2.2MARKET SIZE ESTIMATION45
FIGURE 5RESEARCH METHODOLOGY: HYPOTHESIS BUILDING46
2.2.1RECESSION IMPACT ANALYSIS46
2.2.2TOP-DOWN APPROACH47
FIGURE 6MICROMOTOR MARKET: TOP-DOWN APPROACH47
2.3FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES48
2.4FACTOR ANALYSIS49
2.5DATA TRIANGULATION50
FIGURE 7DATA TRIANGULATION METHODOLOGY50
2.6RESEARCH ASSUMPTIONS51
2.7RISK ASSESSMENT52
2.8RESEARCH LIMITATIONS53
3EXECUTIVE SUMMARY54
3.1REPORT SUMMARY54
FIGURE 8MICROMOTOR MARKET, BY REGION, 2023 VS. 202854
4PREMIUM INSIGHTS56
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MICROMOTOR MARKET56
FIGURE 9INCREASING DEMAND FOR INDUSTRIAL AUTOMATION TO DRIVE MICROMOTOR MARKET56
4.2MICROMOTOR MARKET, BY TECHNOLOGY56
FIGURE 10BRUSHLESS MICROMOTOR SEGMENT TO REGISTER HIGHER GROWTH RATE, BY VALUE, FROM 2023 TO 202856
4.3MICROMOTOR MARKET, BY POWER CONSUMPTION57
FIGURE 1112–24 V SEGMENT TO LEAD MARKET DURING FORECAST PERIOD57
4.4AUTOMOTIVE MICROMOTOR MARKET, BY APPLICATION57
FIGURE 12POWER WINDOWS AND HVAC SEGMENTS TO LEAD MARKET FROM 2023 TO 202857
4.5MEDICAL EQUIPMENT SYSTEM MICROMOTOR MARKET, BY APPLICATION58
FIGURE 13PORTABLE DEVICES SEGMENT TO BE LARGEST APPLICATION SEGMENT DURING FORECAST PERIOD58
4.6MICROMOTOR MARKET, BY INDUSTRY58
FIGURE 14INDUSTRIAL AUTOMATION SEGMENT TO BE LARGEST SEGMENT IN TERMS OF VALUE, 2023 VS 202858
4.7MICROMOTOR MARKET, BY TYPE59
FIGURE 15DC SEGMENT ESTIMATED TO LEAD MARKET IN 202359
4.8MICROMOTOR MARKET, BY REGION59
FIGURE 16ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 202359
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MARKET DYNAMICS61
FIGURE 17MICROMOTOR MARKET: MARKET DYNAMICS61
5.2.1DRIVERS61
5.2.1.1Growing trend of industrial automation61
FIGURE 18INDUSTRIAL AUTOMATION: GROWING TREND IN MANUFACTURING62
5.2.1.2Increasing number of safety and comfort features in vehicles62
TABLE 2PASSENGER CARS WITH FEATURES USING MICROMOTORS63
5.2.2RESTRAINTS64
5.2.2.1High cost of advanced technologies and services in micromotor production64
FIGURE 19HIGH COST OF PRODUCTION AND TECHNOLOGIES INVOLVED IN MICROMOTOR PRODUCTION64
TABLE 3TECHNOLOGIES INVOLVED IN MICROMOTOR PRODUCTION65
5.2.3OPPORTUNITIES65
5.2.3.1Rising advancements in medical equipment65
FIGURE 20MICROMOTOR MARKET FOR MEDICAL EQUIPMENT SYSTEMS, BY REGION, 2023 VS. 2028 (USD BILLION)66
5.2.3.2Increasing adoption of brushless motors for low maintenance66
FIGURE 21FACTORS DRIVING DEMAND FOR BRUSHLESS MOTORS67
5.2.4CHALLENGES67
5.2.4.1Availability of inferior products in local markets at lower prices67
5.3PORTER'S FIVE FORCES ANALYSIS68
TABLE 4PORTER'S FIVE FORCES ANALYSIS68
FIGURE 22PORTER'S FIVE FORCES ANALYSIS68
5.3.1THREAT OF NEW ENTRANTS69
5.3.2THREAT OF SUBSTITUTES69
5.3.3BARGAINING POWER OF SUPPLIERS69
5.3.4BARGAINING POWER OF BUYERS69
5.3.5INTENSITY OF COMPETITIVE RIVALRY69
5.4RECESSION IMPACT ON MICROMOTOR MARKET70
5.4.1INTRODUCTION70
5.4.2REGIONAL MACROECONOMIC OVERVIEW70
5.4.3ANALYSIS OF KEY ECONOMIC INDICATORS70
TABLE 5KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021−202270
5.4.4ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION71
5.4.4.1Europe71
FIGURE 23EUROPE: KEY ECONOMIC INDICATORS, 2021−202371
5.4.4.2Asia Pacific72
FIGURE 24ASIA PACIFIC: KEY ECONOMIC INDICATORS, 2021–202372
5.4.4.3Americas72
FIGURE 25AMERICAS: KEY ECONOMIC INDICATORS, 2021−202372
5.4.5ECONOMIC OUTLOOK/PROJECTIONS73
TABLE 6GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024−2027 (% GROWTH)73
5.5IMPACT ON AUTOMOTIVE SECTOR74
5.5.1ANALYSIS OF AUTOMOTIVE VEHICLE SALES74
5.5.1.1Europe74
TABLE 7EUROPE: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–202274
5.5.1.2Asia Pacific74
TABLE 8ASIA PACIFIC: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–202274
5.5.1.3Americas75
TABLE 9AMERICAS: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–202275
5.5.2AUTOMOTIVE SALES OUTLOOK76
FIGURE 26PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE PRODUCTION FORECAST, 2022 VS. 2027 (UNITS)76
5.6SUPPLY CHAIN ANALYSIS77
FIGURE 27SUPPLY CHAIN ANALYSIS: MICROMOTOR MARKET77
5.7ECOSYSTEM78
FIGURE 28MICROMOTOR MARKET: ECOSYSTEM ANALYSIS78
TABLE 10ROLE OF COMPANIES IN MICROMOTOR MARKET ECOSYSTEM78
5.8TRADE ANALYSIS79
5.8.1IMPORT DATA79
5.8.1.1US: Imports share79
TABLE 11US: MICROMOTOR IMPORTS SHARE, BY COUNTRY (VALUE%)79
5.8.1.2Canada: Imports share80
TABLE 12CANADA: MICROMOTOR IMPORTS SHARE, BY COUNTRY (VALUE%)80
5.8.1.3China: Imports share80
TABLE 13CHINA: MICROMOTOR IMPORTS SHARE, BY COUNTRY (VALUE%)80
5.8.1.4Japan: Imports share80
TABLE 14JAPAN: MICROMOTOR IMPORTS SHARE, BY COUNTRY (VALUE%)80
5.8.1.5India: Imports share81
TABLE 15INDIA: MICROMOTOR IMPORTS SHARE, BY COUNTRY (VALUE%)81
5.8.1.6Germany: Imports share81
TABLE 16GERMANY: MICROMOTOR IMPORTS SHARE, BY COUNTRY (VALUE%)81
5.8.1.7France: Imports share81
TABLE 17FRANCE: MICROMOTOR IMPORTS SHARE, BY COUNTRY (VALUE%)81
5.8.2EXPORT DATA82
5.8.2.1US: Exports share82
TABLE 18US: MICROMOTOR EXPORTS SHARE, BY COUNTRY (VALUE%)82
5.8.2.2Canada: Exports share82
TABLE 19CANADA: MICROMOTOR EXPORTS SHARE, BY COUNTRY (VALUE%)82
5.8.2.3China: Exports share82
TABLE 20CHINA: MICROMOTOR EXPORTS SHARE, BY COUNTRY (VALUE%)82
5.8.2.4Japan: Exports share83
TABLE 21JAPAN: MICROMOTOR EXPORTS SHARE, BY COUNTRY (VALUE%)83
5.8.2.5India: Exports share83
TABLE 22INDIA: MICROMOTOR EXPORTS SHARE, BY COUNTRY (VALUE%)83
5.8.2.6Germany: Exports share83
TABLE 23GERMANY: MICROMOTOR EXPORTS SHARE, BY COUNTRY (VALUE%)83
5.8.2.7France: Exports share84
TABLE 24FRANCE: MICROMOTOR EXPORTS SHARE, BY COUNTRY (VALUE%)84
5.9TECHNOLOGY ANALYSIS84
5.9.1GROWING TREND OF MINIATURE BRUSHLESS DC MOTORS84
5.9.2DEVELOPMENT OF SHAPE MEMORY ALLOY (SMA) MICROMOTORS84
5.9.3IOT IN AUTOMOTIVE MICROMOTOR SYSTEMS85
6AUTOMOTIVE MICROMOTOR MARKET, BY APPLICATION86
6.1INTRODUCTION87
6.1.1PRIMARY INSIGHTS87
FIGURE 29AUTOMOTIVE MICROMOTOR MARKET, BY APPLICATION, 2023 VS. 2028 (USD BILLION)88
TABLE 25AUTOMOTIVE MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)88
TABLE 26AUTOMOTIVE MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)89
TABLE 27AUTOMOTIVE MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)89
TABLE 28AUTOMOTIVE MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)90
6.2POWER WINDOWS90
6.2.1RISE IN DEMAND FOR ELECTRONICALLY CONTROLLED WINDOWS IN AUTOMOBILES TO PROMOTE MARKET GROWTH90
TABLE 29POWER WINDOWS: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)91
TABLE 30POWER WINDOWS: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)91
TABLE 31POWER WINDOWS: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)91
TABLE 32POWER WINDOWS: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)91
6.3POWER MIRRORS92
6.3.1INCREASING NEED FOR CONVENIENCE FEATURES IN VEHICLES TO DRIVE MARKET92
TABLE 33POWER MIRRORS: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)92
TABLE 34POWER MIRRORS: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)92
TABLE 35POWER MIRRORS: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)93
TABLE 36POWER MIRRORS: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)93
6.4WIPER MOTORS93
6.4.1NEED FOR BETTER GLASS VISION TO DRIVE DEMAND FOR MICROMOTORS IN WIPERS93
TABLE 37WIPER MOTORS: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)94
TABLE 38WIPER MOTORS: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)94
TABLE 39WIPER MOTORS: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)94
TABLE 40WIPER MOTORS: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)94
6.5INFOTAINMENT SYSTEMS95
6.5.1DEMAND FOR ADVANCED ENTERTAINMENT FEATURES TO PROMOTE USE OF MICROMOTORS IN INFOTAINMENT SYSTEMS95
TABLE 41INFOTAINMENT SYSTEMS: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)95
TABLE 42INFOTAINMENT SYSTEMS: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)95
TABLE 43INFOTAINMENT SYSTEMS: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)96
TABLE 44INFOTAINMENT SYSTEMS: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)96
6.6LIGHTING96
6.6.1INCREASED DEMAND FOR BETTER NIGHT VISION TO PROMOTE USE OF MICROMOTORS IN ELECTRONICALLY CONTROLLED HEADLAMPS96
TABLE 45LIGHTING: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)97
TABLE 46LIGHTING: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)97
TABLE 47LIGHTING: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)97
TABLE 48LIGHTING: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)97
6.7DOOR LOCKS98
6.7.1NEED FOR ENHANCED VEHICLE SAFETY TO PROMOTE USE OF MICROMOTORS IN VEHICLE DOOR LOCKS98
TABLE 49DOOR LOCKS: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)98
TABLE 50DOOR LOCKS: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)98
TABLE 51DOOR LOCKS: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)99
TABLE 52DOOR LOCKS: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)99
6.8HVAC99
6.8.1DEMAND FOR BETTER HEAT MANAGEMENT FOR IMPROVED VEHICLE PERFORMANCE TO PROMOTE USE OF MICROMOTORS IN HVAC SYSTEMS99
TABLE 53HVAC: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)100
TABLE 54HVAC: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)100
TABLE 55HVAC: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)100
TABLE 56HVAC: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)100
6.9FUEL INJECTION SYSTEMS101
6.9.1RISING DEMAND FOR IMPROVED FUEL FLOW IN VEHICLES TO PROMOTE USE OF MICROMOTORS IN FIS101
TABLE 57FUEL INJECTION SYSTEMS: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)101
TABLE 58FUEL INJECTION SYSTEMS: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)102
TABLE 59FUEL INJECTION SYSTEMS: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)102
TABLE 60FUEL INJECTION SYSTEMS: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)102
6.10POWER SEATS103
6.10.1INCREASED DEMAND FOR ENHANCED SEATING COMFORT TO PROMOTE USE OF MICROMOTORS103
TABLE 61POWER SEATS: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)103
TABLE 62POWER SEATS: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)103
TABLE 63POWER SEATS: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)103
TABLE 64POWER SEATS: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)104
6.11ADJUSTABLE SHOCK ABSORBERS104
6.11.1GROWING DEMAND FOR SMOOTH DRIVING EXPERIENCE TO PROMOTE USE OF MICROMOTORS IN ADJUSTABLE SHOCK ABSORBERS IN VEHICLES104
TABLE 65ADJUSTABLE SHOCK ABSORBERS: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)104
TABLE 66ADJUSTABLE SHOCK ABSORBERS: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)105
TABLE 67ADJUSTABLE SHOCK ABSORBERS: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)105
TABLE 68ADJUSTABLE SHOCK ABSORBERS: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)105
7MEDICAL EQUIPMENT SYSTEM MICROMOTOR MARKET, BY APPLICATION106
7.1INTRODUCTION107
7.1.1PRIMARY INSIGHTS107
FIGURE 30MEDICAL EQUIPMENT SYSTEM MICROMOTOR MARKET, BY APPLICATION, 2023 VS. 2028 (USD BILLION)107
TABLE 69MEDICAL EQUIPMENT SYSTEM MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)108
TABLE 70MEDICAL EQUIPMENT SYSTEM MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)108
TABLE 71MEDICAL EQUIPMENT SYSTEM MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)108
TABLE 72MEDICAL EQUIPMENT SYSTEM MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)109
7.2PORTABLE DEVICES109
7.2.1RISING NEED FOR EASILY TRANSPORTABLE MEDICAL DEVICES TO CREATE DEMAND FOR MICROMOTORS109
TABLE 73PORTABLE DEVICES: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)109
TABLE 74PORTABLE DEVICES: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)110
TABLE 75PORTABLE DEVICES: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)110
TABLE 76PORTABLE DEVICES: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)110
7.3POWERED SURGICAL EQUIPMENT111
7.3.1INCREASED DEMAND FOR HIGH ACCURACY, SPEED, AND SAFETY TO PROMOTE USE OF MICROMOTORS IN SURGICAL EQUIPMENT111
TABLE 77POWERED SURGICAL EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)111
TABLE 78POWERED SURGICAL EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)111
TABLE 79POWERED SURGICAL EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)112
TABLE 80POWERED SURGICAL EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)112
7.4LAB AUTOMATION112
7.4.1GROWING DEMAND FOR FASTER AND ACCURATE LAB ANALYSIS TO PROMOTE USE OF MICROMOTORS IN LAB AUTOMATION PROCESSES112
TABLE 81LAB AUTOMATION: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)113
TABLE 82LAB AUTOMATION: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)113
TABLE 83LAB AUTOMATION: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)113
TABLE 84LAB AUTOMATION: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)114
7.5DENTAL SYSTEMS & EQUIPMENT114
7.5.1LESS NOISE FEATURE OF MICROMOTORS TO PROMOTE THEIR USE IN DENTAL EQUIPMENT114
TABLE 85DENTAL SYSTEMS & EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)114
TABLE 86DENTAL SYSTEMS & EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)115
TABLE 87DENTAL SYSTEMS & EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)115
TABLE 88DENTAL SYSTEMS & EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)115
8MICROMOTOR MARKET, BY INDUSTRY116
8.1INTRODUCTION117
8.1.1PRIMARY INSIGHTS117
FIGURE 31MICROMOTOR MARKET, BY INDUSTRY, 2023 VS. 2028 (USD BILLION)117
TABLE 89MICROMOTOR MARKET, BY INDUSTRY, 2018–2022 (MILLION UNITS)118
TABLE 90MICROMOTOR MARKET, BY INDUSTRY, 2023–2028 (MILLION UNITS)118
TABLE 91MICROMOTOR MARKET, BY INDUSTRY, 2018–2022 (USD BILLION)118
TABLE 92MICROMOTOR MARKET, BY INDUSTRY, 2023–2028 (USD BILLION)119
8.2INDUSTRIAL AUTOMATION119
8.2.1GROWING DEMAND FOR AUTOMATED PROCESSES IN VARIOUS INDUSTRIAL APPLICATIONS TO DRIVE MARKET119
TABLE 93INDUSTRIAL AUTOMATION: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)119
TABLE 94INDUSTRIAL AUTOMATION: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)120
TABLE 95INDUSTRIAL AUTOMATION: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)120
TABLE 96INDUSTRIAL AUTOMATION: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)120
8.2.1.1Industrial electric drive & control121
TABLE 97INDUSTRIAL ELECTRIC DRIVE & CONTROL: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)121
TABLE 98INDUSTRIAL ELECTRIC DRIVE & CONTROL: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)121
TABLE 99INDUSTRIAL ELECTRIC DRIVE & CONTROL: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)121
TABLE 100INDUSTRIAL ELECTRIC DRIVE & CONTROL: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)122
8.2.1.2Automation equipment & light industry machinery122
TABLE 101AUTOMATION EQUIPMENT & LIGHT INDUSTRY MACHINERY: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)122
TABLE 102AUTOMATION EQUIPMENT & LIGHT INDUSTRY MACHINERY: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)122
TABLE 103AUTOMATION EQUIPMENT & LIGHT INDUSTRY MACHINERY: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)123
TABLE 104AUTOMATION EQUIPMENT & LIGHT INDUSTRY MACHINERY: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)123
8.3AIRCRAFT SYSTEMS123
8.3.1RISING DEMAND FOR LIGHTWEIGHT AND COMPACT COMPONENTS IN AIRCRAFT SYSTEMS TO DRIVE MARKET123
TABLE 105AIRCRAFT SYSTEMS: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)124
TABLE 106AIRCRAFT SYSTEMS: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)124
TABLE 107AIRCRAFT SYSTEMS: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)124
TABLE 108AIRCRAFT SYSTEMS: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)124
8.4AGRICULTURE EQUIPMENT SYSTEM125
8.4.1GROWING DEMAND FOR PRECISION CONTROL COMPONENTS TO PROMOTE USE OF MICROMOTORS IN AGRICULTURE EQUIPMENT125
TABLE 109AGRICULTURE EQUIPMENT SYSTEM: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)125
TABLE 110AGRICULTURE EQUIPMENT SYSTEM: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)126
TABLE 111AGRICULTURE EQUIPMENT SYSTEM: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)126
TABLE 112AGRICULTURE EQUIPMENT SYSTEM: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)126
8.5CONSTRUCTION & MINING EQUIPMENT127
8.5.1RISING DEMAND FOR ENVIRONMENT-FRIENDLY COMPONENTS FOR CONTROLLING NOISE POLLUTION TO PROMOTE USE OF NOISELESS MICROMOTORS IN CONSTRUCTION & MINING EQUIPMENT127
TABLE 113CONSTRUCTION & MINING EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)127
TABLE 114CONSTRUCTION & MINING EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)127
TABLE 115CONSTRUCTION & MINING EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)128
TABLE 116CONSTRUCTION & MINING EQUIPMENT: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)128
8.63D PRINTER SYSTEM128
8.6.1NEED FOR COMPACT COMPONENTS TO PROMOTE USE OF MICROMOTORS IN 3D PRINTER SYSTEMS128
TABLE 1173D PRINTER SYSTEM: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)129
TABLE 1183D PRINTER SYSTEM: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)129
TABLE 1193D PRINTER SYSTEM: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)129
TABLE 1203D PRINTER SYSTEM: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)130
TABLE 1213D PRINTER SYSTEM: MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)130
TABLE 1223D PRINTER SYSTEM: MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)130
TABLE 1233D PRINTER SYSTEM: MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)130
TABLE 1243D PRINTER SYSTEM: MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)131
9MICROMOTOR MARKET, BY TYPE132
9.1INTRODUCTION133
9.1.1PRIMARY INSIGHTS133
FIGURE 32MICROMOTOR MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION)133
TABLE 125MICROMOTOR MARKET, BY TYPE, 2018–2022 (MILLION UNITS)133
TABLE 126MICROMOTOR MARKET, BY TYPE, 2023–2028 (MILLION UNITS)134
TABLE 127MICROMOTOR MARKET, BY TYPE, 2018–2022 (USD BILLION)134
TABLE 128MICROMOTOR MARKET, BY TYPE, 2023–2028 (USD BILLION)134
9.2AC MICROMOTOR134
9.2.1RISING INDUSTRIAL AUTOMATION TO DRIVE DEMAND FOR AC MICROMOTORS134
TABLE 129AC MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)135
TABLE 130AC MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)135
TABLE 131AC MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)135
TABLE 132AC MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)136
9.3DC MICROMOTOR136
9.3.1HIGH POWER-TO-WEIGHT RATIO TO DRIVE DEMAND FOR DC MICROMOTORS IN AUTOMOTIVE SECTOR136
TABLE 133DC MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)136
TABLE 134DC MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)137
TABLE 135DC MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)137
TABLE 136DC MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)137
10MICROMOTOR MARKET, BY TECHNOLOGY138
10.1INTRODUCTION139
10.1.1PRIMARY INSIGHTS139
FIGURE 33MICROMOTOR MARKET, BY TECHNOLOGY, 2023 VS. 2028 (USD BILLION)139
TABLE 137MICROMOTOR MARKET, BY TECHNOLOGY, 2018–2022 (MILLION UNITS)140
TABLE 138MICROMOTOR MARKET, BY TECHNOLOGY, 2023–2028 (MILLION UNITS)140
TABLE 139MICROMOTOR MARKET, BY TECHNOLOGY, 2018–2022 (USD BILLION)140
TABLE 140MICROMOTOR MARKET, BY TECHNOLOGY, 2023–2028 (USD BILLION)140
10.2BRUSHED MICROMOTOR141
10.2.1SIMPLE DESIGN AND CONSTRUCTION TO DRIVE DEMAND FOR BRUSHED MICROMOTORS IN MANY APPLICATIONS141
TABLE 141BRUSHED MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)141
TABLE 142BRUSHED MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)142
TABLE 143BRUSHED MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)142
TABLE 144BRUSHED MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)143
10.3BRUSHLESS MICROMOTOR143
10.3.1HIGH POWER OUTPUT AND INCREASED EFFICIENCY FEATURE TO DRIVE DEMAND FOR BRUSHLESS MICROMOTORS IN DIFFERENT INDUSTRIES143
TABLE 145BRUSHLESS MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)144
TABLE 146BRUSHLESS MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)144
TABLE 147BRUSHLESS MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)144
TABLE 148BRUSHLESS MICROMOTOR: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)145
11MICROMOTOR MARKET, BY POWER CONSUMPTION146
11.1INTRODUCTION147
11.1.1PRIMARY INSIGHTS147
FIGURE 34MICROMOTOR MARKET, BY POWER CONSUMPTION, 2023 VS. 2028 (USD BILLION)148
TABLE 149MICROMOTOR MARKET, BY POWER CONSUMPTION, 2018–2022 (MILLION UNITS)148
TABLE 150MICROMOTOR MARKET, BY POWER CONSUMPTION, 2023–2028 (MILLION UNITS)148
TABLE 151MICROMOTOR MARKET, BY POWER CONSUMPTION, 2018–2022 (USD BILLION)149
TABLE 152MICROMOTOR MARKET, BY POWER CONSUMPTION, 2023–2028 (USD BILLION)149
11.2<11 V149
11.2.1RISING DEMAND FOR SMALL-SCALE APPLICATIONS TO PROMOTE USE OF <11 V MICROMOTORS149
TABLE 153<11 V: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)150
TABLE 154<11 V: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)150
TABLE 155<11 V: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)150
TABLE 156<11 V: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)151
11.312–24 V151
11.3.1COST-EFFECTIVE FEATURE TO DRIVE DEMAND FOR 12–24 V MICROMOTORS IN MULTIPLE APPLICATIONS151
TABLE 15712–24 V: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)151
TABLE 15812–24 V: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)152
TABLE 15912–24 V: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)152
TABLE 16012–24 V: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)152
11.425–48 V153
11.4.1GROWING NEED FOR HIGH-POWER OUTPUT APPLICATIONS TO DRIVE DEMAND FOR 25–48 V MICROMOTORS153
TABLE 16125–48 V: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)153
TABLE 16225–48 V: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)153
TABLE 16325–48 V: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)154
TABLE 16425–48 V: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)154
11.5>48 V154
11.5.1INCREASING DEMAND FOR >48 V MICROMOTORS IN HIGH-SPEED INDUSTRIAL APPLICATIONS TO DRIVE MARKET154
TABLE 165>48 V: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)155
TABLE 166>48 V: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)155
TABLE 167>48 V: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)155
TABLE 168>48 V: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)156
12MICROMOTOR MARKET, BY REGION157
12.1INTRODUCTION158
FIGURE 35INDUSTRY INSIGHTS158
FIGURE 36MICROMOTOR MARKET, BY REGION, 2023 VS. 2028 (USD BILLION)158
TABLE 169MICROMOTOR MARKET, BY REGION, 2018–2022 (MILLION UNITS)159
TABLE 170MICROMOTOR MARKET, BY REGION, 2023–2028 (MILLION UNITS)159
TABLE 171MICROMOTOR MARKET, BY REGION, 2018–2022 (USD BILLION)159
TABLE 172MICROMOTOR MARKET, BY REGION, 2023–2028 (USD BILLION)159
12.2ASIA PACIFIC160
12.2.1RECESSION IMPACT160
FIGURE 37ASIA PACIFIC: MICROMOTOR MARKET SNAPSHOT161
TABLE 173ASIA PACIFIC: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)161
TABLE 174ASIA PACIFIC: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)162
TABLE 175ASIA PACIFIC: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)162
TABLE 176ASIA PACIFIC: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)162
12.2.2CHINA163
12.2.2.1Growing lab automation to drive market163
TABLE 177CHINA: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)163
TABLE 178CHINA: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)163
TABLE 179CHINA: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)164
TABLE 180CHINA: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)164
12.2.3JAPAN164
12.2.3.1Increase in demand for automation to drive market164
TABLE 181JAPAN: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)165
TABLE 182JAPAN: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)165
TABLE 183JAPAN: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)165
TABLE 184JAPAN: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)166
12.2.4INDIA166
12.2.4.1Rising EV market to drive demand for micromotors166
TABLE 185INDIA: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)166
TABLE 186INDIA: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)167
TABLE 187INDIA: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)167
TABLE 188INDIA: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)167
12.2.5REST OF ASIA PACIFIC168
TABLE 189REST OF ASIA PACIFIC: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)168
TABLE 190REST OF ASIA PACIFIC: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)168
TABLE 191REST OF ASIA PACIFIC: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)169
TABLE 192REST OF ASIA PACIFIC: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)169
12.3EUROPE169
12.3.1RECESSION IMPACT169
FIGURE 38EUROPE: MICROMOTOR MARKET, BY COUNTRY, 2023 VS. 2028 (USD BILLION)170
TABLE 193EUROPE: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)171
TABLE 194EUROPE: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)171
TABLE 195EUROPE: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)171
TABLE 196EUROPE: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)172
12.3.2GERMANY172
12.3.2.1New technological developments in various industries to create demand for micromotors172
TABLE 197GERMANY: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)173
TABLE 198GERMANY: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)173
TABLE 199GERMANY: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)173
TABLE 200GERMANY: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)174
12.3.3FRANCE174
12.3.3.1Adoption of advanced technologies in various industrial processes to drive market174
TABLE 201FRANCE: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)174
TABLE 202FRANCE: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)175
TABLE 203FRANCE: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)175
TABLE 204FRANCE: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)175
12.3.4UK176
12.3.4.1Medical equipment advancements to drive demand176
TABLE 205UK: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)176
TABLE 206UK: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)176
TABLE 207UK: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)177
TABLE 208UK: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)177
12.3.5REST OF EUROPE177
TABLE 209REST OF EUROPE: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)178
TABLE 210REST OF EUROPE: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)178
TABLE 211REST OF EUROPE: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)178
TABLE 212REST OF EUROPE: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)179
12.4NORTH AMERICA179
12.4.1RECESSION IMPACT179
FIGURE 39NORTH AMERICA: MICROMOTOR MARKET SNAPSHOT180
TABLE 213NORTH AMERICA: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)180
TABLE 214NORTH AMERICA: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)181
TABLE 215NORTH AMERICA: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)181
TABLE 216NORTH AMERICA: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)181
12.4.2US182
12.4.2.1Growing demand for advanced technology to drive market182
TABLE 217US: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)182
TABLE 218US: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)182
TABLE 219US: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)183
TABLE 220US: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)183
12.4.3CANADA183
12.4.3.1Healthcare and manufacturing sectors to drive demand183
TABLE 221CANADA: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)184
TABLE 222CANADA: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)184
TABLE 223CANADA: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)184
TABLE 224CANADA: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)185
12.4.4MEXICO185
12.4.4.1Rising demand for industrial automation to drive market185
TABLE 225MEXICO: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)185
TABLE 226MEXICO: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)186
TABLE 227MEXICO: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)186
TABLE 228MEXICO: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)186
 
12.5REST OF THE WORLD187
12.5.1RECESSION IMPACT187
FIGURE 40REST OF THE WORLD: MICROMOTOR MARKET, BY COUNTRY, 2023 VS. 2028 (USD BILLION)188
TABLE 229REST OF THE WORLD: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)188
TABLE 230REST OF THE WORLD: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)189
TABLE 231REST OF THE WORLD: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)189
TABLE 232REST OF THE WORLD: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)190
12.5.2BRAZIL190
12.5.2.1Expansion of automotive and medical sectors to drive demand190
TABLE 233BRAZIL: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)190
TABLE 234BRAZIL: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)191
TABLE 235BRAZIL: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (USD BILLION)191
TABLE 236BRAZIL: MICROMOTOR MARKET, BY APPLICATION, 2023–2028 (USD BILLION)191
12.5.3RUSSIA192
12.5.3.1Rising aerospace industry to influence market growth192
TABLE 237RUSSIA: MICROMOTOR MARKET, BY APPLICATION, 2018–2022 (MILLION UNITS)192
TABLE 238RUSSIA: