Integrated Stepper Motor Market to record USD 25.86 Mn; Europe to have the largest share -- Technavio

NEW YORK, Oct. 10, 2022 /PRNewswire/ -- The global integrated stepper motor market is forecasted to grow by USD 25.86 million, accelerating at a CAGR of 4.66% between 2020 and 2025. Technavio segments the market by end-user (process industry and discrete industry) and geography (Europe, North America, APAC, MEA, and South America). The report comprehensively analyzes recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Key points covered in the integrated stepper motor market study:

• Market estimates and forecast 2021-2025
• Key drivers, trends, and challenges impacting market growth
• Segment-wise, region-wise, and country-wide analysis
• Analysis of market share by vendors
• Key product launches and regulatory climate
• Post-COVID-19 impact on the market landscape. Download PDF Report Sample

Technavio categorizes the global integrated stepper motor market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components and equipment market, covers companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment. The parent market is driven by growth in the global electrical components and equipment market.

The market in focus is primarily driven by the increasing demand for automated equipment and robots in industrial premises. The rising focus on automation has increased the use of automated material handling equipment in a diverse range of applications such as cranes, robots for pick-and-place applications, as well as automated guided vehicles and conveyors. This has increased the demand for integrated stepper motors in automobile manufacturing, packaging machinery, food processing, healthcare, semiconductors, and robotics industries. All these factors will influence the growth of the global integrated stepper motor market during the forecast period.

The full report provides information on other drivers, trends, and challenges that are impacting the growth of the market. Request a Sample PDF Report

Europe to dominate the integrated stepper motor market with 46% share and the market will record the highest growth in Europe during the forecast period. Factors such as increased oil and gas E&P activities and rising investments in seamless wireless communication systems in all key industry verticals.

Process industry segment to generate maximum revenue in the integrated stepper motor market and is the leading end-user segment in the global integrated stepper motor market. The increasing global demand for electricity, rising urbanization, and the increasing use of electronic appliances are driving the segment's growth.

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The global integrated stepper motor market is fragmented. The market has some well-established players that design and manufacture integrated stepper motors for end-users across a wide range of industries. These manufacturers are significantly investing in R&D to introduce better products into the market and expand their customer base. Mergers and acquisitions (M&A) and strategic partnerships are some strategies that vendors adopt to strengthen their positions.

Some of the key players in the integrated stepper motor market include:

• ABB Ltd.
• Anaheim Automation Inc.
• Changzhou Fulling Motor Co. Ltd.
• MIDEA GROUP
• MinebeaMitsumi Inc.
• Oriental Motor Co. Ltd.
• Parker Hannifin Corp.
• SANYO DENKI Co. Ltd.
• Schneider Electric SE
• Shanghai MOONS Electric Co. Ltd.

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Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Process industry - Market size and forecast 2020-2025
• Discrete industry - Market size and forecast 2020-2025

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• Anaheim Automation Inc.
• Changzhou Fulling Motor Co. Ltd.
• MIDEA GROUP
• MinebeaMitsumi Inc.
• Oriental Motor Co. Ltd.
• Parker Hannifin Corp.
• SANYO DENKI Co. Ltd.
• Schneider Electric SE
• Shanghai MOONS Electric Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio