Micro Motor Market
equipment and 3D printing industries may increase the global micro market growth in future. The micromotors are used in the lab automation devices. The use of lab automation devices on a large scale has increased the demand for micro motor products.
Global Micro Motor Market: Segmentation
The micro motor market is segmented based on the type, application, power consumption, technology, region, and aftermarket. The type segment is further bifurcated into AC motor and DC motor. The application segmentation is aircraft, agricultural equipment, 3D printing, industrial automation, medical equipment, construction and mining equipment and automotive. The technology segment is further categorized into the brushed motor and brushless motor. The power consumption segment is sub-segmented into below 11V, 12V-24V, 25V – 48V and above 48V. The region segment is segmented into Europe, South America, North America, the Middle East and Africa, Asia-Pacific and Rest of the World.
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Global Micro Motor Market: Regional Analysis
Asia-Pacific region is the largest micro motor market from 2016 and it is assumed that it will maintain its standard in the coming years. The second largest market for the micro motor is Europe. The APAC regions also contribute to micro motor production throughout the global market. The regions such as North America and the US are also showing rapid growth in the global market. The growth in the global micro motor market is due to the tremendous