PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455675
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455675
Variable Reluctance Stepper Motor Market size was valued at USD 550.56 Million in 2023, expanding at a CAGR of 5.44% from 2024 to 2032.
Variable Reluctance Stepper Motors (VRSMs) serve as electromechanical devices essential for precise angular position control across various applications, including robotics, automation, and machinery. Distinguishing themselves from other stepper motors utilizing permanent magnets for magnetic field creation, VRSMs operate on the principle of variable reluctance. Comprising a rotor with salient poles and a stator with windings, these motors induce a magnetic field by selectively energizing stator windings, prompting the rotor to align with the path of minimum reluctance. This characteristic allows for meticulous control over rotor movement and position, rendering VRSMs ideal for applications necessitating accurate positioning and cost-effective operation.
Variable Reluctance Stepper Motor Market- Market Dynamics
Advancement of VRSMs for new applications and the development of high-efficiency models to propel market demand
Within a variable reluctance stepper motor, the rotor undergoes rotation to minimize reluctance between opposing windings in the stator, facilitating high angular resolution. Operating in a stepped manner, it offers precise control tailored to specific operations without the need for continuous motion. With minimal losses owing to the predominantly magnetic materials utilized, VRSMs can operate on both AC and DC power supplies. Their simplicity of production, coupled with features such as a high stepping rate and favorable torque-to-inertia ratio, further enhances their appeal. However, challenges such as the inability to monitor speed due to step rotation and fixed step size for particular operations, as well as limited applications, exist. Electronic devices associated with VRSMs incur losses, including switching losses. Additionally, factors like high installation costs, lack of experience, maintenance, repair, and replacement parts hinder market growth. The global economic impact of COVID-19, disrupting production, trade, and supply chains, further poses challenges to market expansion. Despite these obstacles, the ongoing advancement of VRSMs for new applications and the development of high-efficiency models present opportunities for market growth. This innovation is anticipated to unlock lucrative prospects in the Global Variable Reluctance Stepper Motor Market, driving its advancement over the forecasted period.
Variable Reluctance Stepper Motor Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.44% over the forecast period (2024-2032)
Based on Product type segmentation, Multi Stack Variable Reluctance Stepper Motor was predicted to show maximum market share in the year 2023
Based on Application segmentation, medical equipment was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Variable Reluctance Stepper Motor Market is segmented on the basis of Product type, Application, and Region.
The market is divided into two categories based on Product type: Single Stack Variable Reluctance Motors and Multi Stack Variable Reluctance Motors. A Multi Stack Variable Reluctance Stepper Motor dominates the market in 2023. Multi Stack Variable Reluctance Stepper Motors exhibit a high starting torque to inertia ratio, allowing for more rapid load acceleration due to reduced inertia.
The market is divided into six categories based on Application: Medical Equipment, Consumer Electronics, Telecommunication Equipment, Office Equipment, Industrial Automation, and Others. Notably, medical equipment emerges as a significant application segment within the variable reluctance stepper motor market in 2023 based on application. These motors are extensively utilized in various medical devices and equipment, including MRI machines, CT scanners, robotic surgery systems, and laboratory automation equipment. Variable reluctance stepper motors offer precise and reliable motion control essential for positioning components within medical devices, thereby ensuring accurate diagnosis, treatment, and research outcomes. Their capability to operate effectively in demanding medical environments while providing precise control and minimal electromagnetic interference renders them well-suited for medical equipment applications, where safety, reliability, and precision are paramount. With ongoing advancements in medical technology and the rising global demand for healthcare services, the variable reluctance stepper motor market is poised for sustained growth, driven by the expanding utilization of medical equipment and devices.
Variable Reluctance Stepper Motor Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Within the VRSM market, specialized companies prioritize the development of dependable and cost-efficient solutions tailored to meet diverse industrial and commercial demands. Their focus lies in optimizing motor design, materials, and manufacturing processes to bolster performance, efficiency, and longevity. Furthermore, these companies offer an array of VRSM options, encompassing different sizes, torque ratings, and step resolutions, to accommodate varied application needs. Additionally, they extend technical support and customization services, ensuring clients receive bespoke solutions for their unique motion control requirements.
In December 2023, Kollmorgen introduced the P80360 stepper motor, a state-of-the-art solution featuring closed-loop operation for real-time position correction. This innovative drive not only delivers versatile programming capabilities and extended positional control but also ensures heightened reliability and efficiency through its closed-loop feedback system. With a peak phase current capacity of up to 3A and an input voltage range of 100-240 VAC single-phase, the P80360 stepper drive boasts compatibility with all stepper motors.
GLOBAL VARIABLE RELUCTANCE STEPPER MOTOR MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Shinano Kenshi
MinebeaMitsumi
Nidec Servo
Moons'
Sanyo Denki
Oriental Motor
Tamagawa Seiki, and Fulling Motor
Nippon Pulse Motor
Nanotec
AMETEK
Sonceboz
Phytron
MICRO STEP GmbH
STOGRA.
Others