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Global Servo and Stepper Motors Market 2019-2023 - Product Image

Global Servo and Stepper Motors Market 2019-2023

  • ID: 4760895
  • Report
  • Region: Global
  • 139 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • FAULHABER GROUP
  • Nidec Corporation
  • Schneider Electric
  • Siemens
  • MORE
One of the key driving factors for the global servo and stepper motors market is the increasing demand for automated equipment and robots in an industrial setup. The application areas of servo motors are varied and include automobile manufacturing industries, packaging machines, food processing, healthcare industries, semiconductors, and robotics. The automated material handling equipment in such industries majorly includes a diverse range of applications such as cranes, robots for pick and place, automated guided vehicles, and conveyors, which help in the transportation and storage of goods and services.

Hybrid stepper motors are being widely adopted in the automated material handling equipment due to their accuracy in providing control and precision. Hence, the demand for servo and stepper motors in end-user industries is expected to increase. The analysts have predicted that the servo and stepper motors market will register a CAGR of almost 6% by 2023.

Market Overview

Growing demand for high energy efficiency at low speed

Conventional motors use more energy when they are running at very low speed. However, due to technological improvements and their hybrid structure, stepper motors consume less energy even when operating at low speed. The increasing focus toward energy efficiency and the need to comply with stringent regulatory norms have increased the adoption of hybrid stepper motors in industrial premises.

Volatile oil and gas environment

The oil and gas industry is a major contributor to the global servo and stepper motors market. Hence, volatility in the oil and gas market can adversely affect the growth of the global servo and stepper motors market. However, crude oil prices witnessed a slump afterward and continue to show a decline. Therefore, expected to be slower after which investments may rise, in turn, driving the demand for servo and stepper motors in the oil and gas industry.

For the detailed list of factors that will drive and challenge the growth of the servo and stepper motors market during the 2019-2023, view this report.

Competitive Landscape

The market appears to be fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • FAULHABER GROUP
  • Nidec Corporation
  • Schneider Electric
  • Siemens
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • Servo - Market size and forecast 2018-2023
  • Stepper - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Process industry - Market size and forecast 2018-2023
  • Discrete industry - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Applied Motion Products, Inc.
  • FAULHABER GROUP
  • Nidec Corporation
  • Schneider Electric
  • Siemens
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global industrial automation and communication market
Exhibit 02: Segments of global industrial automation and communication market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Type - Market share 2018-2023 (%)
Exhibit 18: Comparison by type
Exhibit 19: Servo - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Servo - Year-over-year growth 2019-2023 (%)
Exhibit 21: Stepper - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Stepper - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by type
Exhibit 24: Customer landscape
Exhibit 25: End-user - Market share 2018-2023 (%)
Exhibit 26: Comparison by end-user
Exhibit 27: Process industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Applications of servo and stepper motors in process industry
Exhibit 29: Process industry - Year-over-year growth 2019-2023 (%)
Exhibit 30: Discrete industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: Applications of servo and stepper motors in the discrete industry
Exhibit 32: Discrete industry - Year-over-year growth 2019-2023 (%)
Exhibit 33: Market opportunity by end-user
Exhibit 34: Market share by geography 2018-2023 (%)
Exhibit 35: Geographic comparison
Exhibit 36: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 38: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 40: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: North America - Year-over-year growth 2019-2023 (%)
Exhibit 42: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 44: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: South America - Year-over-year growth 2019-2023 (%)
Exhibit 46: Key leading countries
Exhibit 47: Market opportunity
Exhibit 48: Benefits by variable frequency drives
Exhibit 49: Fluctuations in raw material prices (2016-2018)
Exhibit 50: Cumulative prices of stainless steel 316 ($/tons) August 2017 to May 2018
Exhibit 51: Impact of drivers and challenges
Exhibit 52: Vendor landscape
Exhibit 53: Landscape disruption
Exhibit 54: Vendors covered
Exhibit 55: Vendor classification
Exhibit 56: Market positioning of vendors
Exhibit 57: ABB - Vendor overview
Exhibit 58: ABB - Business segments
Exhibit 59: ABB - Organizational developments
Exhibit 60: ABB - Geographic focus
Exhibit 61: ABB - Segment focus
Exhibit 62: ABB - Key offerings
Exhibit 63: Applied Motion Products, Inc. - Vendor overview
Exhibit 64: Applied Motion Products, Inc. - Organizational developments
Exhibit 65: Applied Motion Products, Inc. - Key offerings
Exhibit 66: FAULHABER GROUP - Vendor overview
Exhibit 67: FAULHABER GROUP - Organizational developments
Exhibit 68: FAULHABER GROUP - Key offerings
Exhibit 69: Nidec Corporation - Vendor overview
Exhibit 70: Nidec Corporation - Business segments
Exhibit 71: Nidec Corporation - Organizational developments
Exhibit 72: Nidec Corporation - Geographic focus
Exhibit 73: Nidec Corporation - Segment focus
Exhibit 74: Nidec Corporation - Key offerings
Exhibit 75: Schneider Electric - Vendor overview
Exhibit 76: Schneider Electric - Business segments
Exhibit 77: Schneider Electric - Organizational developments
Exhibit 78: Schneider Electric - Geographic focus
Exhibit 79: Schneider Electric - Segment focus
Exhibit 80: Schneider Electric - Key offerings
Exhibit 81: Siemens - Vendor overview
Exhibit 82: Siemens - Business segments
Exhibit 83: Siemens - Organizational developments
Exhibit 84: Siemens - Geographic focus
Exhibit 85: Siemens - Segment focus
Exhibit 86: Siemens - Key offerings
Exhibit 87: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • FAULHABER GROUP
  • Nidec Corporation
  • Schneider Electric
  • Siemens
  • MORE
Global Servo and Stepper Motors Market 2019-2023

The analyst recognizes the following companies as the key players in the global servo and stepper motors market: ABB, Applied Motion Products, Inc., FAULHABER GROUP, Nidec Corporation, Schneider Electric, Siemens.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the technological advances and new product development.”

According to the report, one of the major drivers for this market is the growing demand of high energy at low speed.

Further, the report states that one of the major factors hindering the growth of this market is the volatility in raw materials prices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • ABB
  • Applied Motion Products, Inc.
  • FAULHABER GROUP
  • Nidec Corporation
  • Schneider Electric
  • Siemens
Note: Product cover images may vary from those shown
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