Global Stepper Motors Market to Reach $8.1 Billion by 2030
The global market for Stepper Motors estimated at US$4.7 Billion in the year 2022, is projected to reach a revised size of US$8.1 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030. Hybrid, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$4.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Permanent Magnet segment is readjusted to a revised 6.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 10.6% CAGR
The Stepper Motors market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 10.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.Select Competitors (Total 33 Featured) -
- ABB Ltd
- Applied Motion Products, Inc.
- Delta Electronics
- Faulhaber Group
- National Instruments Corporation
- Nidec Corporation
- Nippon Pulse Motor Co. Ltd
- Oriental Motor USA Corp
- Sanyo Denki Co., Ltd
- Schneider Electric SE;
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd
- Applied Motion Products, Inc.
- Delta Electronics
- Faulhaber Group
- National Instruments Corporation
- Nidec Corporation
- Nippon Pulse Motor Co. Ltd
- Oriental Motor USA Corp
- Sanyo Denki Co., Ltd
- Schneider Electric SE
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 4.7 Billion |
Forecasted Market Value ( USD | $ 8.1 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |