Market Overview

Stepper Motor Market 2018 - Global Forecast to 2023 - ResearchAndMarkets.com

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The "Stepper
Motor Market by Type, by Technology, by Motion Control, by End-Use, by
Geography - Global Market Size, Share, Development, Growth, and Demand
Forecast, 2013 - 2023"
report has been added to ResearchAndMarkets.com's
offering.

Global stepper motor market is expected to reach $2,556.3 million by 2023

Major factors propelling the growth of the market are increasing
mechanization, technological advancements, and growing demand for
miniature motors. Moreover, the less cost of stepper motors, as compared
to servo motors, is another major factor supporting their adoption,
especially in developing countries.

Insights on market segments

On the basis of end-use, the stepper motor market has been categorized
into industrial machinery, medical equipment, packaging and labeling
machinery, semiconductors, and others. Among these categories,
industrial machinery contributed the largest share, of 37.2%, to the
market in 2017.

Increasing use of these motors in medical equipment is expected to drive
the market growth in the long run. The stepper motor market for this
category was valued at $357.4 million in 2017 and is expected to
register the fastest CAGR, of 6.7%, during the forecast period.

In recent years, the stepper motor market has witnessed a high demand
for steppers for the manufacturing of X-ray machines, IV pumps, and
blood analyzers. In the healthcare industry, oxygen concentrators use
these motors in fans for cooling. The compact size and low noise of
these motors make them a preferred choice for medical applications.

Technological advancements in stepper motors will drive the market growth

The motion control system market has become highly competitive owing to
the increasing penetration of servo motors. The advent of the
input/output (I/O) terminal, which is used as an amplifier for small
stepper motors, has significantly contributed to the growth of the
market for small-sized stepper motors. The integration of the I/O
terminal offers operational advantages, such as reduced electrical
cabinet space, reduced cost, and ease of use in applications with space
constraints.

Some of the major companies operating in the global stepper
motor market are

  • Nippon Pulse Motor Co. Ltd.
  • Schneider Electric Se
  • ABB Ltd.
  • Applied Motion Products Inc.
  • Delta Electronics Inc.
  • Sanyo Denki Co. Ltd.
  • National Instruments Corporation
  • Nidec Motor Corporation
  • Oriental Motor Co. Ltd.
  • Moog Inc.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

Chapter 5. Global Market Size And Forecast

Chapter 6. APAC Market Size And Forecast

Chapter 7. North America Market Size And Forecast

Chapter 8. Europe Market Size And Forecast

Chapter 9. ROW Market Size And Forecast

Chapter 10. Competitive Landscape

Chapter 11. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/mkrs9k/stepper_motor?w=4

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