QYR Market Research Global Hybrid Stepper Motors Market Research | Page 4

QYResearch
Hybrid Stepper Motors can be mainly segmented into two types, namely
2-phase and 3-phase. The 2-phase segment accounted for 88% market
share in 2016 and is expected to grow at a CAGR exceeding 5% by 2022.
They are witnessing a speedy adoption across automation industries,
such as office automation equipment.
Japan and China is the largest supplier of hybrid stepper motors, with a
production market share nearly 90.70% in 2016. Asia Pacific also is the
largest consumption place, with a consumption market share nearly
45.66% in 2016. Following Asia Pacific, North America is the second
largest consumption place with the consumption market share of 24.47%.
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