The global closed loop stepper motor market is projected to grow at a CAGR of 6.3% during 2017 – 2023. Traditional stepper motors are considered as open-loop steppers, owing to the absence of a feedback mechanism. These systems do not have the capability to corroborate that the target position has been achieved. Unlike traditional steppers, closed loop systems, with inherent encoders constantly communicate back to the controller and also make the required adjustments to achieve the target position.
Global closed loop stepper motor market is expected to show steady growth through 2023. Major factors propelling the growth of the global closed loop stepper motor market include rapid growth in automation, standardization of energy efficiency, integration of motion control components and low pricing as compared to servo motors. However, it is difficult to operate closed loop stepper systems at higher speed, which is a major factor restraining the growth of its market across the globe.
The major trends observed in the global closed loop stepper motor market include imposition of regulations on energy efficiency and evolution of micro-stepping technology. These energy regulations have majorly been formulated by global warming and for raising ecological environments, globally. Moreover, the evolution of industry 4.0 is expected to offer enormous opportunities, facilitating growth in the global closed loop stepper motor market.
Closed loop stepper motors are widely used in several aspects, for the purpose of providing automation. Packaging and labelling, industrial machineries, medical equipment and semiconductors are some of the major end-users of closed loop stepper systems. Technology advancement and brisk growth in automation are likely to propel the global closed loop stepper motor market growth, over next few years. Moreover, internet of things (IoT), engineering services and system integration are likely to accompany expansion of automation into other markets as well. The global closed loop stepper motor market is expected to register a steady growth owing to the evolution of fourth industrial revolution (also termed as industry 4.0) and the surge in demand of automation.
Global warming, surging energy costs and booming eco-friendly alertness have led to the standardization of energy efficiency, owing to which governments and manufacturing companies are keeping energy efficient manufacturing on the top of their agenda and are looking for the most adequate measures to raise energy efficiency levels in all the processes. For example, in 2014, American National Standard Institute (ANSI) Energy Efficiency Standardization Coordination Collaborative (EESCC) published a set of decisive instructions portraying the standards and obedience assessment curriculum required to enable a more energy efficient environment.
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