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Micro DC Motors Market Report published by QYResearch cited by ZS Securities
According to QYResearch, the global micro DC motors market reached $80 billion in 2022 and is expected to reach $129 billion in 2029, growing at a CAGR of 6.9% during 2023-2029. Global core manufacturers of micro DC motors include Nidec, MinebeaMitsumi, Mabuchi Motor, Asmo (Denso), Tokusho Electric, IGARASHI and Toyo Machinery & Electric, etc. The market share of the top five manufacturers is more than 50%. Among them, Nidec is the largest manufacturer in the world, with a market share of over 14%.
Source: Zheshang Securities
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