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What you need to know about the market for servos and steppers

Increasing investments in end-user segments such as automotive, industrial automation, and packaging will enhance growth prospects for servo and stepper systems in Europe.

Increasing investments in end-user segments such as automotive, industrial automation, and packaging will enhance growth prospects for servo and stepper systems in Europe.

That’s the key finding of a recent study by Frost & Sullivan, a consultancy that helps develop growth strategies for a wide variety of manufacturers and other businesses.

Several key factors are promoting market expansion for European servo and stepper systems, including compact design, reduction in installation time, enhanced efficiency, and the move towards decentralized motor drive systems The Frost & Sullivan study, “Strategic analysis of servo and stepper systems market in Europe,” finds that the market earned revenues of 1,623.3 million Euros ($2,016 million) in 2010 and estimates this to reach 3,385.4 million Euros ($4204.66 million) in 2017.

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