What is Global Stepper Motor Linear Actuators Market?
The Global Stepper Motor Linear Actuators Market is a specialized sector that focuses on the production and distribution of stepper motor linear actuators on a global scale. These devices are a type of actuator that operates on the principle of electromagnetism. When an electric current is applied, the rotor of the stepper motor moves in discrete steps, allowing for precise positioning and speed control. The global market for these devices was valued at US$ 166.3 million in 2023 and is projected to reach US$ 244.6 million by 2030, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2024 to 2030. This market is characterized by the presence of several key players, including Parker Hannifin, Thomson Industries, Haydon Kerk, and Physik Instrumente (PI), which collectively accounted for 52.68% of the total revenue share in 2019.
Captive Stepper Motor Linear Actuators, Non-Captive Stepper Motor Linear Actuators, External Stepper Motor Linear Actuators in the Global Stepper Motor Linear Actuators Market:
The Global Stepper Motor Linear Actuators Market is segmented into three main types: Captive Stepper Motor Linear Actuators, Non-Captive Stepper Motor Linear Actuators, and External Stepper Motor Linear Actuators. Captive stepper motor linear actuators have a lead screw that is fixed and a nut that moves along the screw as the motor turns. Non-Captive stepper motor linear actuators, on the other hand, have a lead screw that moves in and out of the motor as it turns. Lastly, External stepper motor linear actuators have a lead screw that is separate from the motor, allowing for greater flexibility in design and application. According to a recent study, the External Stepper Motor Linear Actuators segment held the largest share of the global market, accounting for 38.27% of total revenue.
Medical Devices, Pumping Systems, Machinery Automation, Others in the Global Stepper Motor Linear Actuators Market:
Stepper Motor Linear Actuators are used in a variety of applications, including Medical Devices, Pumping Systems, Machinery Automation, and others. In the medical field, these devices are used in a variety of equipment, including surgical robots, diagnostic devices, and drug delivery systems. In pumping systems, they are used to control the flow of liquids or gases. In machinery automation, they are used to control the movement of machines and equipment. According to recent data, the Machinery Automation segment consumed the largest part of Stepper Motor Linear Actuators, accounting for 41.70% of total volume in 2019.
Global Stepper Motor Linear Actuators Market Outlook:
The Global Stepper Motor Linear Actuators Market is geographically diverse, with North America holding the largest market revenue share in 2019, accounting for 46.74% of the total. This can be attributed to the region's advanced industrial sector, which heavily utilizes machinery automation. However, other regions are also expected to contribute significantly to the market's growth in the coming years.
| Report Metric | Details |
| Report Name | Stepper Motor Linear Actuators Market |
| Accounted market size in 2023 | US$ 166.3 million |
| Forecasted market size in 2030 | US$ 244.6 million |
| CAGR | 5.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Parker Hannifin, Thomson Industries, Haydon Kerk, Physik Instrumente (PI), IAI Corporation, THK, Lin Engineering, JVL Company, Curtiss Wright, Changzhou DINGS' E&M, Helix Linear Technologies, Microstep GmbH, Venture Mfg, OMS Motion |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
