The global stepper motors market size is expected to reach USD 6.0 billion by 2025, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for stepper motors from the packaging and labeling industry for automation solutions is expected to drive the market growth over the forecast period. The market growth can also be ascribed to the growing demand for reduced heat and noise generation in high-speed applications in industrial automation, which in turn is expected to create lucrative opportunities for manufacturers over the forecast period.
Stepper
motors are available in different types such as permanent magnet, hybrid, and
variable reluctance. The variable reluctance type offers high accuracy, as it
turns at a specific angle to minimize the reluctance between opposite windings
in the stator. Thus, owing to the accuracy of variable reluctance motor, the demand
is continuously increasing. Moreover, it is highly preferred for industrial
applications, automotive gauges, and machine tools and automated production
equipment, which is also boosting the market growth.
The
growth of the market is also attributed to increasing use of stepper motors in
motion control systems, especially in China and Japan. Furthermore, a surge in
demand for miniature motors in computer peripherals, digital lenses and
cameras, automobile electronics, and electronic toys and games is expected to
propel the market growth over the forecast period. Besides, these motors have
low weight and consume less space, therefore, are used in aerospace and
military applications requiring high accuracy.
Asia
Pacific dominated the market in 2018 and is expected to continue its dominance
over the forecast period. This is attributed to rising demand for motion
control systems in China and Japan. North America is anticipated to witness
significant growth over the forecast period owing to strong presence of
manufacturing companies in the region. Growing adoption of automation and
robotic technologies is driving regional growth.
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Stepper Motors
Market Report Highlights
- The global
stepper motors market is expected to exhibit a CAGR of 4.1% over the
forecast years owing to the increasing penetration of waterproof stepper
motors in various application areas
- The hybrid
segment is expected to account for the highest revenue share over the
forecast years ascribed to factors such as high torque, high efficiency at
low speed, and low stepping rate
- Increasing
requirement of accuracy and stability standards in the system is estimated
to catapult the closed-loop motion segment during the forecast period
- Industrial
machinery application segment is expected to witness the fastest growth
over the next six years
- Asia Pacific
dominated the market with more than 45.0% revenue share in 2018, owing to
the increasing use of motion control systems in Japan and China
- Key players
such as Nippon Pulse America, Inc.; AMETEK Inc.; ORIENTAL MOTOR USA CORP.;
MOONS'; Nidec Corporation; MinebeaMitsumi Inc.; Shinano ABV Technologies
Pvt. Ltd.; and Phytron GmbH dominated the market in 2018 with their
emphasis on expanding market presence through new product development.
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Stepper Motors
Market Segmentation
Grand View Research has
segmented the global stepper motors market based on type, motion control,
application, and region:
Stepper Motor Type
Outlook (Revenue, USD Million, 2014 - 2025)
- Permanent Magnet
- Hybrid
- Variable Reluctance
Stepper Motor
Motion Control Outlook (Revenue, USD Million, 2014 - 2025)
- Closed Loop
- Open Loop
Stepper Motor
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Industrial Machinery
- Medical Equipment
- Packaging Machinery
- Automotive
- Others
Stepper Motor
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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