Stepper Motor Market Key Manufacturers, Development Trends and Competitive Analysis

Technological advancements in stepper motors, increasing preference for such miniature energy conversion devices, and quick growth in automation and robotics applications in factories are driving the demand for them. As a result, from $2.5 billion in 2019, the stepper motor market will experience a 3.4% CAGR during 2020–2030 (forecast period), to reach $3.7 billion in 2030. Unlike normal motors where the rotation of the shaft is continuous, stepper motors break the rotation into small steps, which allows for precise control of industrial machinery, such as conveyor belts.

Get the Free Sample Pages: https://www.psmarketresearch.com/market-analysis/stepper-motor-market/report-sample

Hybrid, variable reluctance, and permanent magnet are the categories of the stepper motor market on the basis of type. Among these, the largest share during the historical period (2014–2019) was held by the hybrid category, owing to such motors’ lower stepping rate, higher efficiency at low speeds, and higher torque than permanent-magnet and variable-reluctance variants. Other advantages of hybrid stepper motors are a more-rugged yet simpler construction, higher reliability, lower maintenance requirement, and no need for devices to control the velocity feedback or position.

Among the major trends in the stepper motor market is the usage of waterproof motors. Such devices resist corrosion, which increases their life in undersea exploration, industrial automation, oil exploration, and undersea mining applications. Additionally, hermetic-cable feedthrough O-rings, shaft seals, and pressure equalization systems prevent water-related problems, such as short circuits, in such stepper motors. As a result, the usage of waterproof stepper motors is rising in salvage robots, robotic submarines, automated undersea lights and cameras, and oil exploration equipment.

Make Enquiry Before Purchase at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=stepper-motor-market

Asia-Pacific (APAC) generated the highest revenue in the stepper motor market till 2019, and it will witness the fastest growth during the forecast period. This is attributed to the high industrial manufacturing and automotive production of China, Japan, South Korea, and India. Moreover, with the automation of the factories in this region, the demand for stepper motors continues to increase. Similarly, the growing population of these countries is driving the demand for food and beverages, medical devices, and consumer electronics, in turn, resulting in the surging requirement for stepper motors.

Hence, with the growth of end-use industries, the demand for stepper motors will continue to escalate.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.