Middle East and Africa Stepper Motor Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, Technology, and End-user

Hybrid Stepper Motor Segment to Dominate MEA Stepper Motor Market during 2019-2027

According to a new market research study on “MEA Stepper Motor Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Type, Technology, and End User” is expected to reach US$158.4 million by 2027 from US$116.6 million in 2019. The market is estimated to grow at a CAGR of 4.33% from 2020 to 2027. The report provides trends prevailing in the MEA stepper motor market along with the drivers and restraints pertaining to the market growth. Rising implementation of robotics and automation in diverse industries and increase in application of stepper motors in medical field are the major factor driving the growth of the MEA stepper motor market. However, surge in implementation of servo motors in motion control applications hinder the growth of MEA stepper motor market. In the case of COVID-19, South Africa is highly impacted by coronavirus; however, the country has managed to reduce the average daily increase of COVID-19 cases from 23.2% prior to the lockdown to 7% during the lockdown. Saudi Arabia has the largest COVID-19 cases in the MEA region and is followed by Iran and UAE, among others. UAE was the first country in the MEA to report a confirmed case of coronavirus. The majority of the business in these countries have come to a halt and is expected to continue slower than usual pace. The countries are taking significant containment measures to reduce the number of infected patients. Natural gas market continues to witness low demand in MEA due to COVID-19 as industrial activities are on hold besides supply excess due to demand reduction in top LNG importers. The natural gas prices in UAE and Saudi Arabian market has witnessed a reduction of 8% and 3%. The slowdown of the crude oil industry has negatively affected the investment in machineries in the crude oil industry. This in turn has further declined the market for stepper motor in MEA.

The MEA stepper motor market is segmented into by type, technology, end user, and country. Based on type, the market is further segmented into integrated lead screw stepper motor, rotary stepper motor, and fully-enclosed stepper drives. Rotary stepper motor held the largest share of the overall market in 2019. However, fully enclosed stepper drive is anticipated to be the fastest-growing type during the forecast period. Based on technology, the market is bifurcated into permanent magnet stepper motor, hybrid stepper motor, and variable reluctance stepper motor. In 2019, the hybrid stepper motor segment held a substantial share of the MEA stepper motor market. Further, based on the end-user, the market is divided into semiconductor, packaging and labeling, medical equipment, industrial machineries, and others. The packaging and labelling held the largest share in 2019 of the MEA stepper motor market.

ABB Ltd.; Delta Electronics; National Instruments Corporation; Nippon Pulse Motor Co. Ltd.; Schneider Electric SE are among the leading companies in the MEA stepper motor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Schneider Electric introduced a multi-turn absolute encoder feature for all-in-one motor and electronics Lexium MDrive products. The integration of absolute encoder will help with improving operations and reducing costs with the same compact size.

The report segments the MEA Stepper Motor market as follows:

MEA Stepper Motor Market - By Type

• Integrated Lead Screw Stepper Motor
• Rotary Stepper Motor
• Fully-Enclosed Stepper Drives

MEA Stepper Motor Market - By Technology

• Permanent Magnet Stepper Motor
• Hybrid Stepper Motor
• Variable Reluctance Stepper Motor

MEA Stepper Motor Market - By End User

• Semiconductor
• Packaging and Labeling
• Medical Equipment
• Industrial Machineries
• Others

MEA Stepper Motor Market - By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA stepper motor market.
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• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the stepper motor market, as well as those hindering it.
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