Global Industrial Hybrid Stepper Motors Market 2018-2022 - Market Projected to Exceed $1 Billion by 2022 - ResearchAndMarkets.com
Jun. 13, 2018
DUBLIN--(BUSINESS WIRE)--Jun 13, 2018--The "Global Industrial Hybrid Stepper Motors Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global industrial hybrid stepper motors market will generate a revenue of more than $1,000 million by 2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing focus toward miniaturized stepper motors. Hybrid stepper motors have a wide range of applications, from the process industry to the discrete industry. Based on their needs and functionalities, hybrid stepper motors are used in many application areas.
According to the report, one driver in the market is increase in demand for automated equipment in industrial premises. Industrial players are increasingly concentrating on exploring cost-cutting opportunities and post-manufacturing operations in material handling. Vendors are also focusing in adopting automated material handling equipment which helps in speeding up the cash cycle while improving customer satisfaction.
Further, the report states that one challenge in the market is stiff competition from servo motors and conventional stepper motors. Hybrid stepper motors are highly efficient and its deployment in industrial machinery and robotics applications is increasing. Other available alternatives such as servo and stepper motors in the market can be used for robotics and high-precision application in industrial premises.
Key VendorsAMETEK MinebeaMitsumi Moons' Nidec Schneider Electric
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/s3tz52/global_industrial?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180613006064/en/
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SOURCE: Research and Markets
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PUB: 06/13/2018 02:04 PM/DISC: 06/13/2018 02:04 PM