Global Stepper Motor Market Size, Share, Development, Growth and Demand Forecast to 2022 By P&S Market Research Reports
The global stepper motor market is expected to grow from an estimated
$1,654.1 million in 2015 to $2,172.5 million in 2022, growing at a CAGR of
3.8%. Among the various types of stepper motors, the rotary stepper motor
segment accounted for about 73% share of the global stepper motor market in
2015. The advancement in stepper motor technology, in addition with increasing
demand of waterproof stepper motors is expected to boost the demand of stepper
motor system during the forecast period. During the recent years, the demand
for miniature stepper motor has increased, owing to its growing penetration in
electronic products with size constrain.
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Permanent magnet
(PM) stepper motors are the preferred selection for high power applications,
such as navy propulsion and industrial drive applications. The technical
advancements, such as design of variable flux PM stepper motor facilitate high
power applications with high accuracy and control. The demand for hybrid
stepper motors is expected to grow in the medical equipment industry. Hybrid
stepper motors are used in array of medical equipment, including surgical hand
tools, ventilation equipment, and medical pumps.
The research offers the market size and market
forecast of the global stepper motor market for the period 2012 to 2022. The
market size breakdown is as follows:
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- By Country – U.K., Germany, France, Italy, Spain, Russia and Rest of Europe
- By Type
- By End User
- By Technology
Asia-Pacific Stepper Motor Market
- By Country – China, Japan, India, South Korea and Rest of Asia-Pacific
- By Type
- By End User
- By Technology
Rest of the World (RoW) Stepper Motor Market
- By Country – Brazil, South Africa and Rest of RoW
- By Type
- By End User
- By Technology
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