Global Industrial Hybrid Stepper Motors Market Is Expected To Reach USD 1286.15 Million By 2025
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Hybrid stepper motors combine aspects of both permanent magnet (PM) and variable reluctance (VR) stepper motors. Like PM motors, they contain a permanent magnet in the rotor teeth. Two sets of teeth called cups ring the rotor. One ring is all south poles, and the other ring is all north poles. This report only focuses on hybrid stepper motors applied in industrial application such as automobile industry, medical industry, telecommunication equipment, CNC?machine and so on.
The global industrial hybrid stepper motors market is expected to reach USD 1286.15 million by 2025, growing at a CAGR of more than 4.80% from 926.32 million in 2018; the actual production is about 92.53 million units in 2018. The Industrial Hybrid Stepper Motors market is very concentrated market; key players includes Shinano Kenshi, MinebeaMitsumi, Nidec Servo, Moons', SANYO DENKI, Oriental Motor, Tamagawa Seiki, AMETEK, Sonceboz, Fulling Motor, etc.; The revenue of top ten manufacturers accounts about 90% of the total revenue in 2018. The high-end products mainly come from Japan and China.
Industrial hybrid stepper motors can be mainly segmented into two types, namely 2-phase and 3-phase. The 2-phase segment accounted for 87% market share in 2018 and is expected to grow at a CAGR exceeding 4.86% by 2025. The application trend of hybrid stepper motors shows a downward trend in Office Equipment and Industrial Automation, while an upward trend in medical equipment, security equipment and industrial automation.
Japan and China is the largest supplier of hybrid stepper motors, with a production market share nearly 62.88% in 2018. Asia Pacific also is the largest consumption place, with a consumption market share nearly 54.64% in 2018. Following Asia Pacific, North America is the second largest consumption place with the consumption market share of 24.01%.
Innovation and Development of automation projects have led to the increasing demand for hybrid stepper motors. Increasing automation projects across the globe, especially in the Asia-Pacific is another major factor, driving the growth of the hybrid stepper motors market during the forecast period.