Sun. Jun 13th, 2021

Rising Applications of Stepper Motors in Medical Field to Propel Stepper Market Growth at 4.8% CAGR during 2020–2027

According to our latest market study on “Global Stepper Motor Market Forecast to 2027- COVID-19 Impact and Analysis By Type (Integrated Lead Screw Stepper Motor, Rotary Stepper Motor, and Fully Enclosed Stepper Drives); Technology (Permanent Magnet Stepper Motor, Hybrid Stepper Motor, and Variable Reluctance Stepper Motor; and End-user (Semiconductor, Packaging and Labeling, Medical Equipment, Industrial Machineries, Others); and Geography,” the market was valued at US$ 1,992.8 million in 2019 and is projected to reach US$ 2,803.6 million by 2027; it is expected to grow at a CAGR of 4.8% from 2020 to 2027.

The report highlights key factors driving the market growth, and prominent players and their developments in the market.

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Motors form an essential component of medical equipment. Presently, stepper motors are one of the most common motor types used in medical analyzers. Further, there is an increasing demand for stepper motors in X-ray machines, ultrasound scanners, IV pumps, as well as blood analyzers. Recent technological developments in the healthcare industry, e.g., oxygen concentrators, use stepper motors in fans for cooling. The compact size and low noise of stepper motors make it an ideal choice for medical applications. Additionally, hybrid stepper motors are an appropriate choice for applications that require low-cost along with a fine resolution of shaft movements, such as in peristaltic pumps and medical syringe.

The rising demand for medical devices worldwide owing to the increasing number of patients and governments efforts to enhance healthcare infrastructure is, in turn, propelling the growth of the stepper motors market. Additionally, the 3D printing technology illustrates a huge opportunity to assist medical companies in empowering a rapid production of medical implants, as well as transforming the way of planning procedures by surgeons and doctors. Moreover, 3D-printed anatomical models are becoming gradually more useful tools in the current practice of precision medicine as well as for personalized treatments. In the coming years, 3D-printed implantable organs will possibly be available, thereby minimizing the waiting lists and scaling up the number of lives saved. Also, additive manufacturing for the healthcare industry is still, to a great extent, an ongoing process; however, it has already been applied in several different techniques in the medical field. The developments in the medical field have resulted in increased applications of stepper motors, thus propelling its demand.

Furthermore, small stepper motors are expected to witness continuous adoption in several applications, including robotic handling, medical devices, 3D printing, and industrial motion designs. Further, in hybrid stepper motor category, the latest trends include the addition of a linear screw as well as nut on this shaft for providing a complete linear-motion solution. It makes these motors a more ready-to-go solution for customers. Other technological advancements include surge in double-shafted stepper motors and steppers with gearboxes. Also, a development of closed-loop systems is noticed making stepper motors full-fledged servos.

The market for stepper motor is highly fragmented with the presence of several well-recognized and local players. A few key players profiled in the report include ABB Ltd., Applied Motion Products Inc., Delta Electronics Inc., Faulhaber Group, National Instruments Corporation, Nidec Corporation, Nippon Pulse Motor Co. Ltd., Oriental Motor Co. Ltd., Sanyo Denki Co. Ltd., and Schneider Electric SE. In addition, several other prominent players operating in the stepper motor ecosystem were studied and analyzed during the course of this market research study.

COVID-19 IMPACT

While there are diverse viewpoints on the damage, which COVID-19 may cause, the fact remains that COVID-19 is spreading worldwide. New cases are rising in locations such as the US, Canada, Europe, Africa, the Middle East, India, Australia, South Korea, India, and Japan. Though the complete impact of COVID-19 is still unidentified, the impact across the electronics value chain will probably be far-reaching and strongly affecting parties involved with semiconductor manufacturing. COVID-19 is underlining the possible risks and vulnerability of present electronics and semiconductor value chain model as well as challenging the semiconductor industry to consider altering its global supply chain model.

Growing Adoption of Robotics and Automation in Diverse Industries

Various industries across the globe are implementing some automation or robotics intending to become safer and more efficient. The deployment of industrial robots in diverse industries has been increased rapidly. According to the World Robotics 2019 Industrial Robots report published by the International Federation of Robotics, the robot installations globally increased by 6% to 422,271 units in 2018. Almost every industry from automotive to consumer electronics to metal and machinery have deployed industrial robots in their manufacturing facilities.In this age of industrial automation, robots are extensively used for managing several processes for better production quality. Also, robots are being implemented in hazardous working locations, where human life can be at risk. Stepper motors are of paramount importance in robotics as they require precise movements.

Type-Based MarketInsights

The stepper motormarket, based on type,has been segmented into integrated lead screw stepper motor, rotary stepper motor, and fullyenclosed stepper drives. The rotary stepper motorsegment accounted for the largest share of the market in 2019; the market for the integrated lead screw stepper motor segmentis expected to grow at the highest CAGR during the forecast period. These motors usually offer high torque, high efficiency, and high precision, which is needed by the designers to fit the application. These lead screw motors are a combination of sizes, styles, lead screws, and nuts that offer freedom to use these motors with different form factors to precisely fit across various applications, such as semiconductor industries and industrial machinery.

Technology-Based MarketInsights

The stepper motormarket, based on technology,is segmentedinto permanent magnet stepper motor, hybrid stepper motor, and variable reluctance stepper motor.In 2018, the hybrid steppersegment accounted for the largest share ofthe market, whereas the permanent magnet stepper motorsegment is expected to register the fastest CAGR during the forecast period. Permanent magnet stepper motor consists of an axially magnetized permanent magnet rotor that comprises alternating north and south poles placed parallel to the rotor shaft. The permanent magnet stepper motors are also known as “tin can” or “can stack” motors as their stators are integrated with two coils of soft iron housings/cans; that has teeth on the inner side, which easily and efficiently interact with the rotors.

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The Stepper Motor Market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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