The global stepper motor market is driven by increasing demand of energy efficient and precise motion control. The growing level of automation, along with high expenditure on medical electronic product in economically emerging countries are among key growth catalysts for the market. The stepper motor market is facing stiff competition from servo motor, especially in high power, closed loop application. The demand for automation solutions in the packaging and labeling industry has grown significantly. The modern stepper motor integrated packaging machineries are more efficient, reliable and productive at a reduced cost, which is a trend witnessed in the global stepper motor market. Waterproof stepper motors have facilitated corrosion free operation of motors used in the food and beverage packaging industry.
The distribution channel plays a key role in the growth of the global stepper motor market. Although, most of the sales in overall motion control market are direct to the original equipment manufacturers, while distributors are very important for the vendors who have a broad product portfolio for variety of motion control applications. Ever since the economic slowdown period, the access of distribution channel in developed market remained a prominent hindrance for the increased penetration of stepper motors in the motion control market. The Japanese stepper motor manufacturers account for high market share in the global market. Japan earth quake and tsunami in 2011 badly affected the global downstream supply chain of the stepper motor market.
The stepper motor market in medical equipment industry is expected to witness the fastest growth during the forecast period. Applications such as raising and lowering a hospital bed needs stepper motors. Moreover, stepper motor offers constant rotational speed in ventilator system. During the recent years, stepper motors witnessed high demand from the manufacturing unit of X-ray machines, IV pumps, and blood analyzers. An application, such as oxygen concentrator uses stepper motor in fans for cooling. The compact size and low noise makes stepper motor preferred choice for medical applications.
- Abb Ltd.
- Applied Motion Products, Inc.
- Delta Electronics Inc.
- Faulhaber Group.
- Lin Engineering, Llc.
- National Instruments Corporation
- Nidec Corporation
- Nippon Pulse Motor Co. Ltd.
- Oriental Motor Co., Ltd.
- Sanyo Denki Co., Ltd.
- Schneider Electric Se
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Stepper Motor Market Size and Forecast (2012 - 2022)
5. Global Stepper Motor Market, by Geography
6. Competitive Positioning and Market Share Analysis
7. Company Profiles and Strategic Developments
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SOURCE Research and Markets