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.
To request a sample copy or view summary of this report, click the link below:
Further key findings from the report suggest:
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.
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)
Stepper Motor Motion Control Outlook (Revenue, USD Million, 2014 - 2025)
Stepper Motor Application Outlook (Revenue, USD Million, 2014 - 2025)
Stepper Motor Regional Outlook (Revenue, USD Million, 2014 - 2025)
Middle East & Africa
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."