Global closed loop stepper motor market to register steady growth during 2017 – 2023
As per the research, the global closed loop stepper motor market is expected to register a CAGR of 6.3% during 2017 – 2023. Closed loop stepper motors refer to an improved version of the traditional open loop stepper motors, which abolish the constraints and drawbacks of the traditional systems. The major advantages of closed-loop technology are the feedback of control signals and power-adjusted current control. An internal encoder is used to record the rotor position, velocity and current loops in real-time. Closed loop steppers incorporate the advantages of servo and traditional stepper motor technologies and offer unique competencies and improvements over both, while at half the cost of a servo system.
Major factors propelling the growth of the global closed loop stepper motor market include brisk increase in mechanization, integration of motion control components and standardization of energy efficiency. Moreover, its low price in comparison with servo motors is a major factor supporting their adoption, especially in developing countries.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/closed-loop-stepper-motor-market
Insights on market segments
Some of the major end-users of closed loop stepper motors comprise industrial machineries, medical equipment, packaging and labelling, factory automation, textile and robotics, of which industrial machineries have been the largest user, owing to the rapid growth in mechanization and evolution of industry 4.0. Moreover, uninterrupted demand for motion control components across the globe is one of the major factors behind the adoption of closed loop steppers. Closed loop stepper motors offer various advantages such as trimmed labor costs, high torque at lower speed, shorter settling time and correct positioning without back swing, which are all likely to create a positive outlook for this market.
Asia-Pacific – The largest market for closed loop stepper motor
Asia-Pacific has been the largest contributor to the global closed loop stepper motor market. The anticipated growth in the market is attributable to the surging demand for automation in developing countries such as Japan, China, India and South Korea; among which, Japan contributes the largest to the Asia-Pacific closed loop stepper market, closely followed by China.
Request For Sample pages: https://www.psmarketresearch.com/market-analysis/closed-loop-stepper-motor-market/report-sample
Standardization of energy efficiency driving global closed loop stepper motor market
Global warming, surging energy costs and booming eco-friendly alertness have led to the standardization of energy efficiency, owing to which, governments and manufacturing companies are keeping energy efficient manufacturing on the top of their agenda and are looking for the most adequate measures to raise the levels of energy efficiency in all the processes. In 2014, American National Standard Institute (ANSI) Energy Efficiency Standardization Coordination Collaborative (EESCC) published a set of decisive instructions portraying the standards and obedience assessment curriculum required to enable a more energy efficient environment.
High intensity of rivalry
The research states that the structure of closed loop stepper motor market is fragmented, with the presence of large number of regional and international players, due to which the market is extremely competitive. However, it is difficult for the regional players to challenge their international competitors in terms of quality, functionality, features and services.
Some of the major companies operating in the global closed loop stepper motor market include Nippon Pulse Motor Co. Ltd.,
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Company Name: P&S Market Research
Contact Person: Kundan
Address:347 5th Ave. #1402- 210
City: New York City
State: New York
Country: United States