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The integrated stepper motor market size is forecast to increase by USD 53.22 million at a CAGR of 7.14% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for automated equipment in industrial settings. This trend is driven by the need for increased productivity and efficiency in manufacturing processes. Another key trend is the increased adoption of Internet of Things (IoT) technology in motors and drives, enabling remote monitoring and control of machinery. However, the market faces intense competition from low-cost manufacturers in Asia, putting pressure on prices and profit margins. To stay competitive, market players are focusing on product innovation and cost optimization strategies. Overall, the market is expected to grow steadily, driven by these trends and challenges.
The market is witnessing significant growth due to its increasing adoption in various industries, including packaging machinery, experimental apparatus, semiconductor equipment, and industrial automation. The market is segmented into process industries and discrete industries. In process industries, stepper motors are used in applications such as synthesis, while in discrete industries, they find extensive usage in robotics, 3D printers, CNC machines, and automation systems. The market is driven by the demand for precision and accuracy in applications, leading to the increasing preference for stepper motors over conventional motors. The integration of IoT and smart city projects is also expected to boost market growth.
Moreover, the two most commonly used stepper motor sizes are Nema17 and Nema23. Bipolar stepper motors and unipolar stepper motors are the two major types of stepper motors. The former uses electrical pulses with both positive and negative voltages, while the latter uses only one voltage polarity. The choice between the two depends on the specific application requirements. Electric motors, including stepper motors, are essential components in various industrial applications, and their market is expected to grow steadily in the coming years. The market is highly competitive, with several companies offering a wide range of products to cater to different industry needs.
Furthermore, company analysis is essential to identify the key players and their offerings in the market. In conclusion, the market is poised for significant growth due to its increasing adoption in various industries, the demand for precision and accuracy, and the integration of IoT and smart city projects. The market is segmented into process industries and discrete industries, with bipolar and unipolar stepper motors being the two major types. company analysis is crucial to identify the key players and their offerings in the market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The process industries segment is estimated to witness significant growth during the forecast period. The market encompasses various industries, including Packaging Machinery, Experimental Apparatus, Semiconductor equipment, and Industrial Automation. In Industrial Automation, stepper motors find extensive applications in processes such as those in the process industries, including energy and power, water and wastewater, and oil and gas. The global power industry's positive growth is attributed to the escalating electricity demand, ongoing infrastructure investments, and the transition towards renewable energy sources. Additionally, the rise in urbanization and the increasing use of electronic appliances have fueled the need for electricity. In the context of stepper motors, their utilization extends to Robotics, 3D printers, CNC machines, and Automation systems.
Moreover, these motors offer precise Rotation angle control through the application of Electrical pulses. The market comprises Bipolar stepper motors and Unipolar stepper motors, with the former utilizing a Driver circuit for Open-loop control. Industrial premises rely on these motors for Automation processes in Discrete industries, as well as Industrial Automation applications, Office Automation applications, and Printing Equipment applications. The market's growth is influenced by factors such as IoT integration, Smart city projects, and the development of advanced motor technologies, including Variable-reluctance, Permanent Magnet, and Hybrid stepper motors. Comprehensive and reliable data on the market's accurate growth is essential for businesses to make informed decisions.
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The process industries segment was valued at USD 68.80 million in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European market is experiencing significant growth due to the increasing adoption of automation in various industries, particularly in medical devices, such as infusion pumps, and imaging equipment. The integration of advanced microcontroller capabilities and control algorithms in stepper motors, enabling higher precision and efficiency, is driving this trend. Moreover, the shift towards servo motors in industrial applications is also fueling the demand for integrated stepper motors. Germany, Russia, the UK, and France, as major European industrial hubs, are spearheading this development. Governments in these countries are taking initiatives to reduce dependence on oil imports and boost industrial automation while rising investments in seamless wireless communication systems are further catalyzing market growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
An increase in demand for automated equipment in industrial premises is the key driver of the market. The market is experiencing significant growth due to the increasing adoption of automation in various industries. These motors find extensive applications in packaging machinery, experimental apparatus, semiconductor equipment, and industrial automation. In the process industries and discrete industries, automated equipment and robots, driven by integrated stepper motors, are increasingly replacing conventional methods for tasks such as material handling, pick-and-place applications, and transportation. The motors are used in a wide range of applications, including cranes, 3D printers, CNC machines, and automation systems. The integration of IoT and smart city projects further boosts the market growth. The motors come in various types, such as bipolar stepper motors, unipolar stepper motors, and hybrid stepper motors, with different rotation angles and driver circuits.
Moreover, the market growth is also driven by the demand for open-loop control, industrial automation applications, office automation applications, and printing equipment applications. The reliable and accurate market growth data reveals that electric motors, which operate based on the principle of electrical pulses, are expected to continue their dominance in the market. The company analysis indicates that the market is competitive, with key players focusing on promotions, synthesis, and comprehensive data to maintain their market position. The motors find applications in various industrial automation systems, including variable-reluctance and permanent magnet stepper motors.
Increased adoption of IoT in motors and drives is the upcoming trend in the market. In the realm of industrial automation, motors, particularly stepper motors, play a pivotal role in powering various machinery and equipment. These motors are integral to Packaging Machinery, Experimental Apparatus, Semiconductor equipment, and Robotics applications, among others. Stepper motors, with their ability to rotate to precise angles in response to electrical pulses, are indispensable in 3D printers, CNC machines, and Automation systems. The market encompasses various types of stepper motors, including Bipolar and Unipolar, as well as Hybrid models. These motors are employed in diverse industries, such as Process Industries and Discrete industries, where they drive Automation processes and Industrial Automation applications.
Moreover, the market for these motors is witnessing significant growth due to the increasing adoption of IoT in Smart city projects and Office Automation applications. To cater to the varying needs of industries, the market offers a range of stepper motors, such as NEMA17 and NEMA23. These motors are available with different Driver circuits and control methods, including Open-loop control and variable reluctance. The market also provides reliable data and comprehensive data on the accurate market growth of different types of stepper motors. company analysis reveals that the market is competitive, with several key players offering a wide range of stepper motors to cater to different industrial applications.
Intense competition from low-cost Asian manufacturers is a key challenge affecting the market growth. Integrated stepper motors have gained significant traction in various industries, including Packaging Machinery, Experimental Apparatus, Semiconductor equipment, and Industrial Automation. The Ace matrix of companies in this market includes players focusing on building relationships with sub-component suppliers to offer cost-effective solutions. Asian countries, with their easily available labor, land, and raw materials, have emerged as key manufacturing hubs. End-users in these regions prioritize power-efficient machinery and solutions. However, the market landscape is evolving, with substantial low-cost imports from Asian manufacturers, such as China, entering the US and European markets. These companies can manufacture integrated stepper motors at a lower cost than global players based in Europe and North America.
However, the key applications for integrated stepper motors include Industrial Automation, Office Automation, and Printing Equipment. These motors are integral to automation processes in industries like Discrete industries and Process industries. In addition, they are used in Robotics, 3D printers, CNC machines, and Automation systems. The market growth for integrated stepper motors is accurate, with reliable data indicating a steady increase in demand. The market comprises both Bipolar stepper motors and Unipolar stepper motors, with the former requiring a more complex Driver circuit and the latter offering open-loop control. Variant types include Permanent Magnets, Hybrid stepper motors, and Variable-reluctance motors. IoT and Smart city projects are also driving the demand for integrated stepper motors due to their precision in Rotation angle control.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd. - The company offers integrated stepper motor such as DSMS series, with advanced second generation current control for exceptional performance, and smoothness quiet operation.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to its extensive applications in various industries. These motors finds extensive use in packaging machinery, experimental apparatus, semiconductor equipment, and industrial automation systems. The stepper motor market is segmented into bipolar and unipolar based on the type of motor. Nema17 and Nema23 are common sizes used in various applications, including robotics, 3D printers, CNC machines, and automation systems. The market growth is driven by the increasing demand for automation processes in process industries and discrete industries. The integration of IoT and smart city projects is also expected to boost market growth.
Moreover, the stepper motor market is further segmented into industrial automation applications, office automation applications, and printing equipment applications. The market is characterized by the availability of reliable data and comprehensive data on stepper motors, including their rotation angle, driver circuits, open-loop control, and various types such as variable-reluctance, permanent magnet, and hybrid stepper motors. The market growth is expected to remain accurate due to the increasing demand for electric motors that operate on electrical pulses, replacing conventional motors in various applications.
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Market Scope |
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Report Coverage |
Details |
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Page number |
161 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.14% |
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Market growth 2024-2028 |
USD 53.22 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.49 |
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Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 46% |
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Key countries |
US, China, Japan, Germany, and Italy |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., ACT Motor Co. Ltd., Advanced Micro Controls Inc., Anaheim Automation Inc., Arcus Servo Motion Inc., Beckhoff Automation GmbH and Co. KG, Changzhou Fulling Motor Co. Ltd., Danaher Corp., DMI Technology Corp., FAULHABER GROUP, Japan Pulse Motor Co. Ltd., Leadshine Technology Co. Ltd., MinebeaMitsumi Inc., Nanotec Electronic GmbH and Co. KG, Oriental Motor Co. Ltd., Panasonic Holdings Corp., Parker Hannifin Corp., Schneider Electric SE, Shanghai MOONS Electric Co. Ltd., and TAMAGAWA SEIKI Co. Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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