Closed-Loop Stepper Motor Market was Led by the Industrial Machinery

The closed-loop stepper motor market was about USD 2.9 billion in 2023, and it will power at a rate of 4.2% by the end of this decade, touching USD 3.7 billion in 2030. 

The fast expansion of the robotics and automation industry has heightened the requirement for stepper motors that can fit into slenderer spaces. Motor manufacturers have, therefore, been encouraged to more and more emphasis on improving design and industrial procedures, to offer better products with cutting-edge competence.

The automation trend in numerous sectors, for example packaging and manufacturing, is powering the acceptance of closed-loop stepper motors for accurate control. 

This has powered the requirement for CNC machines in industries to exactly cut wooden, metallic, and plastic parts to generate the projected designs. Additionally, stepper motors have applications in consumer electronics, for example, printers, camera systems, and scanner.

Based on type, hybrid motors led the closed-loop stepper motor market, accredited to the amalgamation of permanent magnet and adjustable reluctance features, aiding in reaching the chosen output power despite their small size.

Furthermore, the hybrid tech offers a high torque, low stepping rate, and high accuracy at low speeds, making them prevalent amongst industries. These alternatives are mostly used in manufacturing machinery and medical tools.  With regards to medicinal devices, they are put to use in surgical hand tools, medical pumps, and ventilation equipment. 

Additionally, the high accuracy and control provided by hybrid closed-loop stepper motors has powered their acceptance in industrial machinery.

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COVID-19 Impact Analysis on Closed Loop Stepper Motor Market | Insights on Strategies of Key Players

The global closed loop stepper motor market is projected to grow at a CAGR of 6.3% 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.

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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. Asia-Pacific has been the largest contributor to the global closed loop stepper motor market. 

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. 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.

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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. Some of the major companies operating in the global closed loop stepper motor market include Nippon Pulse Motor Co. Ltd., Schneider Electric SE, ABB Ltd., Applied Motion Products Inc., Delta Electronics Inc., Sanyo Denki Co. Ltd.,

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