Top 3 Emerging Trends Impacting the Global Servo and Stepper Motors Market from 2017-2021: Technavio

Technavio has published a new report on the global servo and stepper motors market from 2017-2021. (Graphic: Business Wire)

???pagination.previous??? ???pagination.next???

LONDON--()--Technavio’s latest report on the global servo and stepper motors market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Servo and stepper motors are used in various process and discrete industries. The specifications and tasks of both the motors are a bit similar. Stepper motors are used as a cheaper alternative; however, servo motors are used owing to their precision and accuracy in performing tasks. Servo motors work in a closed loop, as shafts rotate based on the signals provided by encoders, whereas stepper motors work in an open loop system and do not have any encoders; they work in a step-by-step manner as there are gear teeth that move as per the charging of stator poles.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

The top three emerging trends driving the global servo and stepper motors market according to Technavio industrial automation research analysts are:

  • Increased adoption of IoT in motors and drives
  • Growing need for adjustable intelligent speed drives
  • Miniaturized and customized motors for industrial automation

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Increased adoption of IoT in motors and drives

“IoT has increasingly been adopted in automation equipment as it helps in faster communication and information transfer from wireless networks. As industries are striving toward converting themselves into smart factories, IoT has boosted up the performance of factories,” says Raghav Bharadwaj Shivaswamy, a lead analyst at Technavio for research on automation.

The unplanned maintenance can be reduced using IoT as they help in speeding up the process of information transfer to local computers and reduce the time lost in maintenance and upgradation of machines.

Growing need for adjustable intelligent speed drives

“The manufacturing industry is showing increased interest in improved drives and intelligent speed drives that can serve the purpose of solving the problems related to manual attention. Intelligent servo drives, as per the programs, perform various tasks without any human intervention. These intelligent drives also have an integrated drive as they perform the control functions,” adds Raghav.

A major drawback of intelligent servo drives is that they are costlier than normal servo drives. On the other hand, these drives provide low wiring, and their assembly cost is also less. Due to the growing demand for these drives at a lower price, manufacturers are trying to improve the quality and reduce the price to increase their product portfolio and establish their presence in the global servo motors market.

Miniaturized and customized motors for industrial automation

Servo and stepper motors are used in a wide range of applications, from the process industry to the discrete industry. Based on their need and functionality, users select servo and stepper motors in various application areas. The growing robotic and automation technologies in the industry have resulted in an increased need for integrated motors.

Miniature motors will be advantageous for medical equipment used in the healthcare industry that requires smaller motors. With high torque speed, these motors help to resolve the problem of space utilization where there is a higher need for small motors with high power torque. They provide low speed and high torque with a stable operation; hence, in future, these miniature motors may be used in different applications where small and simple structured motors with high torque speed and greater efficiency are required.

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s report on the global servo and stepper motors market analyses the most important trends expected to impact the market outlook.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com