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Global Closed Loop Stepper Motor Market to
Witness 6.3% CAGR during 2017 – 2023

enquiry@psmarketresearch.com
www.psmarketresearch.com

Global Closed Loop Stepper Motor Market

According to a new market research report “Global Closed Loop Stepper
Motor Market Size, Share, Development, Growth and Demand Forecast to
2023 - Industry Insights by Type (Permanent Magnet, Hybrid, and Variable
Reluctance), by End-User (Industrial Machineries, Medical Equipment,
Packaging and Labelling, Semiconductor and Others)” published by P&S
Market Research, the global closed loop stepper motor market is projected
to grow at a CAGR of 6.3% during 2017 – 2023.

Access Report Description: https://www.psmarketresearch.com/marketanalysis/closed-loop-stepper-motor-market

Global Closed Loop Stepper Motor Market

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.

Global 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.

Global Closed Loop Stepper Motor 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. For instance, in January 2017, two of the Japanese machinery
manufacturers, Mitsubishi Electric and Kawasaki Heavy Industries, in a bid
to boost factory readiness in China, moved to outturn robots and factory
automation products. To achieve this target, Mitsubishi Electric intends to
spend $17.6 million to enhance the production capacity of numerical
control devices and motors, at a plant in Jiangsu Province. It plans to build
up a new building about the equal size as of the existing one, with the
target of bringing the new facility onstream this year.

Global Closed Loop Stepper Motor Market

Rising population is one of the major factors to spearhead the growth of
automation in developing economies. Governments of developed as well as
developing countries are supporting the concept of industry 4.0 and helping
the population in adoption of new technologies. In 2016, the group of
seven agriculture ministers in Japan’s northern prefecture of Niigata united
and decided to replace the retiring farmers with Japanese developed
backpack-carried robots and autonomous tractors. These factors have been
augmenting the demand for closed loop stepper motor market in AsiaPacific.

Global Closed Loop Stepper Motor Market

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.

Global Closed Loop Stepper Motor Market

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., Schneider Electric SE,
ABB Ltd., Applied Motion Products Inc., Delta Electronics Inc., Sanyo Denki
Co. Ltd., National Instruments Corporation, Nidec Corporation, Lin
Engineering LLC, Faulhaber Group and Oriental Motor Co.

Global Closed Loop Stepper Motor Market

Download report sample at:

https://www.psmarketresearch.com/market-analysis/closed-loopstepper-motor-market/report-sample


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