Global Single-Phase Stepper Motor Market Size By Product (Variable-reluctance (VR), Permanent Magnet (PM), Hybrid (HB)), By Application (CNC Machine Tool, Industrial Automation, Printing Equipment), By Geographic Scope And Forecast
Report ID: 20922|No. of Pages: 202
Global Single-Phase Stepper Motor Market Size By Product (Variable-reluctance (VR), Permanent Magnet (PM), Hybrid (HB)), By Application (CNC Machine Tool, Industrial Automation, Printing Equipment), By Geographic Scope And Forecast
Single-Phase Stepper Motor Market Size And Forecast
Single-Phase Stepper Motor Market size was valued at USD 2.8 Billion in 2020 and is projected to reach USD 3.7 Billion by 2028, growing at a CAGR of 3.5% from 2021 to 2028.
Technological advancements in stepper motors and the increasing demand for miniature stepper motors are some major growth factors driving the Single-Phase Stepper Motor Market.The Global Single-Phase Stepper Motor Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Single-Phase Stepper Motor Market Definition
Motors form an essential component of medical equipment. Currently, stepper motors are one of the most common motor types that are used in medical analyzers. Furthermore, there is an increasing demand for stepper motors in X-ray machines, ultrasound scanners, IV pumps, and blood analyzers. New technological developments in the healthcare industry, for instance, oxygen concentrators need stepper motors in fans for cooling. The compact size and low noise of stepper motors are an ideal choice for medical applications. These are motors that are designed to be operated from a single-phase supply. They are used in watches and clocks, timers, and counters.
Present single phase stepping motors use one or more permanent magnets as the permanent magnets are quite necessary to raise the ratio of torque to input power in a miniature motor. The rising growth of the robotics and automation industry has increased the need for stepper motors that can fit in confined spaces. Motors designers are increasingly emphasizing optimizing design and manufacturing processes for delivering better products with improved efficiency. Further, the improved design and streamlined manufacturing process of miniature motors result in their adoption in various applications like automobile, robotics, semiconductor industries, which require high precision, high torque speed, and improved efficiency.
Besides, the market has witnessed tremendous growth due to the increase in automobile production and the number of motors used in a particular vehicle. The market in developed countries is about to reach its maturity, thereby may witness an average growth during the forecast period. Moreover, the high threat of substitutes, such as servo motors in the automotive industry may hamper the market growth shortly. However, several advantages of stepper over servo motors, such as high torque density, detent torque, and capability to handle high inertia loads are expected to reduce the effect of such hindrances on the market, eventually.
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Global Single-Phase Stepper Motor Market Overview
Technological advancements in stepper motors and the increasing demand for miniature stepper motors are some major growth factors driving the Single-Phase Stepper Motor Market. Additionally, the main factor driving the demand for stepper motors in the Asia-Pacific (APAC) region is the emergence of numerous manufacturing hubs for medical devices. The COVID-19 pandemic has severely impacted the Single-Phase Stepper Motor Market worldwide both, on the supply and demand sides. The stringent lockdown measures worldwide have slowed the growth of business and gross domestic product (GDP), pushing the rates into the negatives in certain places. The supply of the raw materials required for the production of motors from China, Japan, and the Association of Southeast Asian Nations (ASEAN) countries has been hugely disturbed, thereby putting a major strain on the overall production of stepper motors.
Furthermore, ill-affected by a fall in demand, the market for stepper motors is experiencing a slowdown, but it may eventually jump to previous levels over the short term. Due to their increasing penetration in many electronic applications like position control and sensing, the market for stepper motors has substantially grown. A stepper motor is a low-power stepper motor mainly designed to meet electronic device size constraints. The increasing demand for miniature stepper motors for digital cameras and lenses, industrial automation systems, electronic toys, games, and computer peripherals will fuel the Single-Phase Stepper Motor Market growth over the forecast period. The growing robotics and automation industry is another major driving factor for the Single-Phase Stepper Motor Market around the globe.
Due to the rapid development of the global robotics and automation industry, industrial robotics solutions are gaining immense popularity, visible in their large-scale deployment in the manufacturing sector. The advantages of industrial robots, including the provision of personal assistance on the floor and suitability as autonomous vehicles, are factors for the Single-Phase Stepper Motor Market advancement. In addition, a hybrid stepper motor is an appropriate choice for applications that require low-cost along with a fine resolution of shaft movements, such as in peristaltic pumps and medical syringes. The rising demand for medical devices worldwide due to the increasing number of patients and governments’ efforts to enhance healthcare infrastructure is, in turn, propelling the growth of the Single-Phase Stepper Motor Market.
Global Single-Phase Stepper Motor Market: Segmentation Analysis
The Global Single-Phase Stepper Motor Market is segmented on the basis of Product, Application, And Geography.
Single-Phase Stepper Motor Market, By Product
• Variable-reluctance (VR)
• Permanent Magnet (PM)
• Hybrid (HB)
• Others
Based on Product, The market is bifurcated into Variable-reluctance (VR), Permanent Magnet (PM), Hybrid (HB), and Others. The Hybrid (HB) category accounted for the fastest growth in the Single-Phase Stepper Motor Market till 2019, based on type, and the situation is expected to remain the same over the forecast period. This can be attributed to the advantages offered by these motors over Other types.
Single-Phase Stepper Motor Market, By Application
• CNC Machine Tool
• Industrial Automation
• Printing Equipment
• Others
Based on Application, The market is bifurcated into CNC Machine Tool, Industrial Automation, Printing Equipment, and Others.
Single-Phase Stepper Motor Market, By Geography
• North America
• Europe
• The Asia Pacific
• Rest of the world
On the basis of Regional Analysis, The Global Single-Phase Stepper Motor Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. APAC held the largest share of the Global Single-Phase Stepper Motor Market, followed by North America and Europe, in 2019. The largest share of this region in the Single-Phase Stepper Motor Market is mainly attributed to countries such as India, China, and South Korea have robust automotive sectors.
Key Players
The “Global Single-Phase Stepper Motor Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Shinano Kenshi, Minebea, Nippon Pulse Motor, Haydon Kerk Motion Solutions, Oriental Motor, Panasonic, Mechtex, Anaheim Automation, ElectroCraft, Nanotec Electronic, Kollmorgen, Bosch Rexroth, TECO Electro Devices, Changzhou Leili, Moons, Mige.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• May 2020: Oriental Motor USA announces stainless steel shafts are available in their popular single-phase AC Motor KII Series round shaft or gear motor types. These stainless steel shafts are combined with our terminal box-type motors to offer an IP66 rating.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2017-2028 |
| BASE YEAR | 2020 |
| FORECAST PERIOD | 2021-2028 |
| HISTORICAL PERIOD | 2017-2019 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Hinano Kenshi, Minebea, Nippon Pulse Motor, Haydon Kerk Motion Solutions, Oriental Motor, Panasonic, Mechtex. |
| SEGMENTS COVERED | • By Product |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Industry Analysis Matrix
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