In 2024, the brushless DC motor market is experiencing global growth due to technological innovations and the expansion of applications. New rare-earth permanent magnet materials and efficiency-enhancing technologies are driving industry development, particularly in the automotive and medical sectors. China accounts for over 70% of global production, and it is expected that brushed DC motors will gradually be replaced by brushless motors, with the market size projected to grow significantly by 2030.
Micro motors, typically referring to motors with a diameter of less than 160 mm or a rated power of less than 750W, as well as those with special requirements for use, performance, and environmental conditions, are widely used in information processing equipment, automotive electrical systems, household appliances, audio-visual equipment, medical devices, industrial automation, aerospace, electric toys, and other fields. With technological advancements and the expansion of application areas, the micro motor market continues to show a growth trend.
Market Growth
- Production Growth:As of 2020, China’s micro motor production reached 13.9 billion units, a year-on-year increase of 3.1%, accounting for over 70% of global micro motor production, making it the world’s leading provider of micro motors.
- Market Expansion:The market size of China’s micro motor industry grew from 57.4 billion RMB in 2011 to 242.3 billion RMB in 2020, with a compound annual growth rate of 17.4%. This growth is primarily driven by increasing demand in the automotive and home appliance sectors.
Demand Analysis
- Automotive Industry Demand:Automotive micro motors are a significant component of the micro motor market. As the automotive industry moves toward new energy, automation, and intelligence, consumer demand for comfort, environmental friendliness, and smart features is rising, driving rapid growth in the automotive micro motor market. In 2020, the market size for automotive micro motors in China was approximately 36.4 billion RMB, and it is expected to continue growing in the future.
- Technological Advances Drive Demand Growth:With the improvement of electromagnetic field theory, information technology, and material technology, the performance of micro motors continues to enhance, and their application fields continue to expand, leading to sustained market demand growth. For example, in fields such as microrobotics, precision engineering, and aerospace, micro motors provide both driving and precise control functions, creating strong market demand.
- Emerging Fields Demand Growth:With the rapid development of emerging fields such as wearable devices, robotics, drones, and smart homes, the application of micro motors in these areas is becoming increasingly widespread, resulting in growing market demand.
In conclusion, the micro motor market is expected to continue its growth trend in the future, particularly with strong demand in the automotive, household appliance, medical device, and industrial automation sectors. Additionally, technological advancements and the expansion into emerging fields will provide broader market opportunities for the micro motor industry.
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