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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Europe Stepper Motor Market
By Country – U.K., Germany, France, Italy, Spain, Russia and Rest of Europe
By End User
Asia-Pacific Stepper Motor Market
By Country – China, Japan, India, South Korea and Rest of Asia-Pacific
By End User
Rest of the World (RoW) Stepper Motor Market
By Country – Brazil, South Africa and Rest of RoW...