Servo and Stepper Motors Market by Motor Type (Servo Motor, Stepper Motor), End-User (Process Industry, Discrete Industry), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026 New Jersey, NJ, Oct. 21, 2019 (GLOBE NEWSWIRE) — The key contributing factors for the growth of servo and stepper motors market are need for precise control over rotor movement, increased adoption of IOT in motors, growing need for adjustable intelligent speed drives and rapid growth & advancements in automation. The global servo and stepper motors market is expected to grow from USD 11.84 billion in 2018 to USD 21.52 billion by 2026, at a CAGR of 7.08% during the forecast period 2019-2026, according to the new report published by Fior Markets. Servo and stepper motors are used in various process industries. These motors’ specifications and tasks are a bit similar. The servo motor has advantages such as lower cost, lower torque options, require less costly cabling, and has open loop motion control component that makes machine integration simple and easy to use. The stepper motor provides high torque and higher voltages. Stepper motors are used highly du...