Thanks to Stepper Motors, Industrial Automation is Now a Reality
With the mushrooming demand for greater efficiency and higher productivity in industrial operations, industrial automation is rapidly becoming a necessity all over the world. The adoption of robotics systems and other automated solutions is making it possible for industries to achieve higher productivity and augment their revenue generation. As stepper motors are extensively used in robotics systems, the growing usage of industrial robots is massively pushing up the requirement for stepper motors across the world.
Besides reducing the dependency on human workers and thus mitigating the possibility of errors in various factory operations, industrial robots also provide personal assistance to the workers on the floor, which helps in increasing the overall productivity. Moreover, these robots are also used as autonomous vehicles which boosts the speed and efficiency of warehouse and logistics operations. Apart from being required in industrial robots, stepper motors are also used in various electronics applications such as sensing and position control.
Read More: Stepper Motor Market Demand
Miniature stepper motors, which are basically low-power stepper motors, are used in these electronics applications. The small size of these motors makes them ideal for use in a plethora of compact and small-sized electronic devices such as lenses and digital cameras. Additionally, these motors are heavily used in electronic toys and computer peripherals. The ballooning usage of these motors in various electronic systems is boosting their sales, which is, in turn, causing the surge of the global stepper motor market.
As a result, the market is predicted to grow, in revenue generation, from $2.5 billion to $3.7 billion from 2019 to 2030. Further, the market will progress at a CAGR of 3.4% from 2020 to 2030, according to the forecast of P&S Intelligence, a market research company. Permanent-magnet, variable-reluctance, and hybrid are the main types of stepper motors used all over the world. Amongst these, the usage of hybrid motors was observed to be the highest in the past years.
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