Global Small Motors Market: Consumer Electronic Products to Rope in Lucrative Growth Opportunities

Growing automation and modernization has led to significant transformations in the manufacturing sector. With the increasing production of various consumer electronic products, leading manufacturers are focusing on product innovation and differentiation. In order to incorporate efficient components in a cost-effective manner, has led to surge in demand for small motors. In addition, growing demand for efficient motor devices that consume is further expected to rev up sales of small motors for the production of various consumer electronic products. Demand for the small motors is likely to remain concentrated towards production of machines and tools in the industrial and agricultural. Production of refrigerators, elevators, pumps, fans, and various other consumer electronic products will continue to contribute towards growth of the global market significantly.

With the growing developments in technology, manufacturers in the electronic industry are increasingly focusing on incorporating innovative solutions in order to gain a competitive edge over the other market players. Leading companies are also focusing on options that offer low emission of carbon dioxide and consume low power, and energy. As demand for efficient motors continue to remain high, the motor developers are utilizing rare earth minerals (REM) permanent magnets that generate strong magnetic fields. Application of rare earth minerals enable the motor developers to manufacture small sized motors with high density.

More Than US$ 2,500 Mn Opportunity in Global Small Motors Market

According to Fact.MR, the global small motors market is expected to reach a value of over US$ 2,500 Mn by the end of 2026. As manufacturing efficient devices continues to remain a major concern for the design engineers, manufacturers are increasingly focusing on developing application specific motors. With the growing application of the small motors in infusion systems, clinical diagnostics, medical devices, automation and robotics, industrial power tools, and aerospace. Besides these applications, adoption of the small-sized motors will continue to remain high among the manufacturers for the production of electronic devices globally.

As the need for non-audible indicators in the electronic industry is likely to remain high, demand for the vibration motors will continue to increase significantly. In terms of revenues, the vibration motors is expected to witness the highest growth throughout 2026. Among different types of motor, the DC brush motors (cored) is expected to account for around one-third of the revenue share by the end of 2026. Whereas, the AC small motors will continue to account for over one-fourth of the revenue share in the global market in 2017. By the end of 2026, the consumer electronics is likely to lose grip on its dominance in the global market. Demand for the small motors for the production of consumer electronics is likely to remain more pronounced in various countries of North America.

Leading market players operating in the global small motors market include Xinapse Systems Ltd, Mim Software, Inc., INFINITT Healthcare Co, Ltd., AGFA Healthcare, Toshiba Medical Systems Corporation, Aquilab, Siemens Healthineers, Carestream Health, Inc., Esaote S.P.A, Merge Healthcare Incorporated, General Electric Company (GE), Sciencesoft USA Corporation, Image Analysis, Koninklijke Philips N.V., and Mirada Medical Limited.

View More Opportunities in Small Motors Market At: https://goo.gl/TkvKFX

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