Micro Motor Market 2030: Key Trends Transforming Industries
Micro Motor Market Growth & Trends The global micro motor market size is expected to reach USD 63.57 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 6.2% from 2023 to 2030. Micro motors are known for their compact dimensions, minimal power consumption, and lightweight build. Micro motors have low electromagnetic interference and are widely deployed in several electrical and electronic systems. These motors are well suited for designing compact, complex, and condensed systems while adhering to stringent power limitations. Quieter operation compared to traditional motors and superior performance are some of the advantages of micro motors. Micro motors have high energy efficiency and reliability, provide precise control, lower risks of cogging, and provide dynamic performance owing to their low inductance and inertia. Micro motors find widespread applications in various fields, including portable com...