Advanced Technologies have been developed to Manufacture High-Performance Micro Motors, Which Could Drive the Market
Features, like automatic air vent movement for passing air in water distribution pipes to avoid damages (corrosion, air pockets in radiators), front and rear mirror control and seat adjustments in all segments have led to a huge demand for these micro motors and their mass production. In 2016, Mabuchi Motor designed two motors -IS-94BZA and IS-92BZA, for Light Electric Vehicles. The new product achieves lightweight, compactness, high output, and high efficiency.
As of 2016, the Asia-Pacific region is the largest market for automotive micro motors and is expected to maintain its dominance till 2022. APAC, alone, contributed to over 55% of the total micro motor production across the globe in 2015. The recent developments in designing compact and high-efficiency motors have created opportunities in the automobile industry. Europe is the second largest market for automotive micro motors. The North American automotive market is growing relatively fast in production and sales. The features of micro motors allow the automotive industry to incorporate luxury in all segments.
Major Players: ABB Ltd., Buhler Motor GmbH, CONSTAR Motor, Johnson Electric Holdings Limited, Mitsuba Corporation, NIDEC Corporation, amongst others
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- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
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