DUBLIN, September 26, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global and China Micromotor Industry Report, 2016-2020" report to their offering.
Global micromotor output stood at 17.5 billion units in 2015, a year-on-year increase of 4.8%. Thanks to campaigns to modernize the industry and equipment, the output is expected to rise to 18.4 billion units in 2016 and approach 23 billion units in 2020.
China, the world's largest manufacturer of micromotors, produced 12.4 billion units in 2015, up 6.0% from a year ago, and accounting for 70.9% of the global total. The country's micromotor output is predicted to be close to 17 billion units in 2020 at a CAGR of around 7.0% during 2016-2020.
Keymicromotor manufacturers in China include Johnson Electric, Welling Holding Limited, Zhongshan Broad-Ocean Motor Co., Ltd., and Wolong Electric Group Co., Ltd. Johnson Electric, as the largest micromotor manufacturer in China, achieves annual revenue of over USD1 billion, with a global market share of 4.3% in 2015.
In China, micromotor finds its application primarily in traditional fields, such as audio products, household appliances, and automobile, which held a combined proportion of 52.4% in 2015. As traditional application markets gradually grow saturated, main drivers of micromotor growth will be emerging sectors like new energy vehicle, wearable device, robot, UAV, and smart home.
Key Topics Covered:
1 Industry Overview
2 Global Micromotor Market
3 Chinese Micromotor Market
4 Main Upstream Industries of Micromotor
5 Applications of Micromotor
6 Major Foreign Micromotor Manufacturers
7 Major Chinese Micromotor Manufacturers
- F.G.L.S. Electric Co., Ltd.
- Guangzhou Mitsuba Motor Co., Ltd.
- Jinlong Machinery and Electronics Co., Ltd.
- Johnson Electric
- LG Innotek
- Mitsumi Electric
- Ningbo Vistart Intelligent Technology Co., Ltd.
- Panasonic Appliances Motor (Hangzhou) Co., Ltd.
- Tokyo Par
- Welling Holding Limited
- Wolong Electric Group Co., Ltd.
- Zhejiang Founder Motor Co., Ltd.
- Zhongshan Broad-Ocean Motor Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/7p5dcs/global_and_china
Research and Markets
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SOURCE Research and Markets