According to a market report by Lucintel, the future of the global step drive market looks promising with opportunities in the 2-phase motor and 3-phase motor markets. The global step drive market is expected to grow with a CAGR of 3.4% from 2024 to 2030. The major drivers for this market are increasing demand for automation and robotics in industries, such as manufacturing, healthcare, and automotive.A more than 150-page report to understand trends, opportunity and forecast in step drive market to 2030 by type (DC drives and AC drives), application (2-phase motors, 3-phase motors, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, AC drive is expected to witness higher growth over the forecast period as it is more versatile and efficient.
Within the application category, 3-phase motor will remain the largest segment due to rising adoption of 3-phase motors in industrial applications.
Download sample by clicking on step drive market
In terms of regions, APAC is expected to witness highest growth over the forecast period due to rapid industrialization.
Kollmorgen, Schneider Electric, Applied Motion, Omega Engineering, Leadshineare the major suppliers in the step drive market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
Explore Our Latest Publications
Arranger Keyboard Market
DipotassiumGlycyrrhizinate Market
Fish Counter Market
Albumin Pharmaceutical Preparation Market
Amine Flash Rust Inhibitor Market