A Servo Motor is a rotary actuator that allows for precise control of angular position. A stepper motor or step motor or stepping motor is a brushless DC electric motor that divides a full rotation into a number of equal steps. The motor's position can then be commanded to move and hold at one of these steps without any position sensor for feedback (an open-loop controller), as long as the motor is carefully sized to the application in respect to torque and speed.
This report contains market size and forecasts of Servo and Stepper Motors in global, including the following market information:
Global Servo and Stepper Motors Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Servo and Stepper Motors Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Servo and Stepper Motors companies in 2021 (%)
The global Servo and Stepper Motors market was valued at 12190 million in 2021 and is projected to reach US$ 14920 million by 2028, at a CAGR of 2.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Servo Motors Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Servo and Stepper Motors include Yaskawa, Mitsubishi, Fanuc, Siemens, Rockwell, ABB, Rexroth (Bosch), Panasonic and Nidec, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Servo and Stepper Motors manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Servo and Stepper Motors Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Servo and Stepper Motors Market Segment Percentages, by Type, 2021 (%)
Servo Motors
Stepper Motors
Global Servo and Stepper Motors Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Servo and Stepper Motors Market Segment Percentages, by Application, 2021 (%)
Machine Tools
Packaging Applications
Textile
Electronic Equipment
Others
Global Servo and Stepper Motors Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Servo and Stepper Motors Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Servo and Stepper Motors revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Servo and Stepper Motors revenues share in global market, 2021 (%)
Key companies Servo and Stepper Motors sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Servo and Stepper Motors sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Yaskawa
Mitsubishi
Fanuc
Siemens
Rockwell
ABB
Rexroth (Bosch)
Panasonic
Nidec
Delta Electronics
SANYO DENKI
TECO Electric & Machinery
Schneider
Moog
Oriental Motor
Toshiba
Parker Hannifin
HNC Electric
GSK
Shinano Kenshi
MinebeaMitsumi
Moons' Industries
Tamagawa Seiki
Ametek
Sonceboz
Fulling Motor