NEW YORK, April 20, 2021 /PRNewswire/ -- The servo and stepper motors market is expected to grow by USD 3.30 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the servo and stepper motors market in optimistic, probable, and pessimistic forecast scenarios.
The servo and stepper motors market will witness a negative impact during the forecast period, owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
Related Report on Industrials Include:
Global Motor Control Contactors Market - Global motor control contactors market is segmented by end-user (process industries and discrete industries), type (IEC standard and NEMA standard), and geography (North America, APAC, Europe, MEA, and South America).
Global Motor Lamination Market - Global motor lamination market is segmented by material (silicon steel, cold rolled lamination steel, cobalt alloys, nickel alloys, and others) and geography (APAC, Europe, North America, MEA, and South America).
Major Three Servo and Stepper Motors Market Participants:
The key offerings of the company for the market in focus include e-Series servo motors, BSM N-Series - AC Brushless Servo Motor, and Stainless Steel Brushless Servo Motors SSBSM-Series.
The company offers AMETEK MICROPOISE stepper motors.
Applied Motion Products Inc.
The company offers StepSERVO Integrated Motors, StepSERVO Motors, and Stepper Motors.
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Servo And Stepper Motors Market 2021-2025: Segmentation
Servo and stepper motors market is segmented as below:
The servo and stepper motors market is driven by an increase in the demand for automated equipment in industrial premises. In addition, the high growth of the robotic and automation industry is expected to trigger the servo and stepper motors market toward witnessing a CAGR of over 5% during the forecast period.
More insights into the global trends impacting the future of the servo and stepper motors market
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