Linear motor is an electric induction motor that produces straight-line motion (as opposed to rotary motion) by means of a linear stator and rotor placed in parallel.
The global linear motors market was valued at around US$ 1.3 Bn in 2018, and is expected to register a CAGR of 4.8%. The first four-year cumulative revenue (2018–2021) is projected to be over US$ 5.4 Bn, which is expected to increase considerably over the latter part of the four-year forecast period.
Technological advancements, increasing adoption and rising demand for linear motors from various end-use industries are major factors boosting growth of the global market currently. But, limited use of linear motors in high-pressure applications and high costs associated with procurement and use of linear motors are major factors hampering growth of the global market.
The linear motors market is segmented on the basis of type, application, and region/country.
On the basis of type, the global linear motors market is segmented into cylindrical, u-shaped slot, and flat plate. The u-shaped linear motors segment is expected to register a CAGR of over 4.5% between 2018 and 2025. Also, flat plate segment is projected to witness moderate growth over the forecast period.
The electronics segment accounts for highest revenue share in the global market and the pharmaceuticals segment is expected to register highest CAGR of over 5% during the forecast period.
On the basis of region/country, the global linear motors market is segmented into US, Europe, China, Japan, India, Southeast Asia, and Rest of the World.
The market in Rest of the World accounted for highest revenue share in the global linear motors market in 2017, and is expected to register a CAGR of over 4.2% over the forecast period.
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The market in Rest of the World accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to rising demand for linear motors from various end-use industries. Revenue from the market in Europe accounted for second-highest share and is closely followed by the markets in US and China. This is attributed to high disposable income and increasing adoption of compact linear motors in the region. Also, the markets in India and Southeast Asia are projected to witness moderate growth over the forecast period.
Prominent players in the global linear motors market include Aerotech Inc., Beckhoff Automation GmbH & Co. KG, ESR Pollmeier GmbH, ETEL S.A., H2W Technologies Inc., Jenny Science AG, NTI AG LinMot, Kollmorgen Corporation, Oswald Elektromotoren GmbH, YASKAWA Electric Corporation, FANUC Corporation, Panasonic Corporation, Mitsubishi Electric Corporation, Sanyo Denki Co. Ltd., and Sodick Co., Ltd.