Stepper motors refer to stepping motors that are digitally controlled and used for precise positioning in various machines. They enable easy and precise control of rotation angle and rotation speed in machines requiring several motion axes. The global stepper motors market is projected to show an average growth for the next few years.
The upsurge in industrialization and increasing capital investment in the automotive, and food and beverage industries have made APAC the fastest-growing and largest market of stepper motors, globally. The growing automation in small and medium-sized manufacturing plants is expected to drive the stepper motor market in APAC during the forecast period.
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Significant increase in stepper motor demand is also expected from the packaging and labelling machineries. The upsurge in consumption of ready-to-eat products, along with the growing demand of processed and frozen foods in urban areas has boosted the demand of packaging machineries in the region, which in turn is expected to drive growth of the stepper motor market during the forecast period. Another factor contributing to the growth of the market in APAC is the growth of machinery production in China and Japan. Japan is expected to continue to seal the largest share in APAC stepper motor market during the forecast period. On the other hand, India is expected to be the fastest growing country-level market during the forecast period, owing to the development of manufacturing industries such as automotive and medical equipment, in the country.
Stepper motors are less expensive than servo motors. However, the output power of stepper motors is about one horsepower (HP) and a maximum of 200 rotations per minute (rpm). This limits its usage for high-rpm applications, where load is mostly generated through inertia, such as conveyers. Moreover, the cost of servo motors has also dropped slightly over the last few years, which, in turn, has increased the threat of substitution in the stepper motor market.
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There is a growing adoption of servo motors in various sectors, such as industrial, automotive, semiconductors and electronics, transportation, food processing, textile, and healthcare. Major motion control markets, such as China, the U.S., and Germany, have been switching to servo motor and servo drive systems, which is expected to have a negative impact on the growth of the global stepper motor market in the long term.
Some of the major companies operating in the global stepper motor market are SANYO DENKI Co. Ltd., Delta Electronics Inc., Nidec Motor Corporation, Oriental Motor Co. Ltd. and National Instruments Corporation.
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