Servo Motors and Drives Market Size, Share, Trends, Demand And Growth Forecast To 2029

Market Overview:

The Global Servo Motors and Drives Market Is Expected to Grow at A Significant Growth Rate, And the Analysis Period Is 2022-2028, Considering the Base Year As 2021.

An electric motor known as a servo motor allows for exact control of acceleration, velocity, and angular position. It is servomechanism-controlled; therefore, it is controllable. Moreover, a rather complex controller is needed, often a module made expressly for servomotor use. Robotics, CNC equipment, automated production, and factory automation are just a few of the uses for servo motors. An electrical amplifier known as a servo drive supplies power to the servo motor. A crucial element that influences how well the servo system performs is the servo drive.

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Market Dynamics

Driver:

Small and medium-sized businesses (SMEs) can increase the productivity of manufacturing facilities by implementing servo systems as motion control systems. Servo systems are used to operate automated production plants in the automotive, packaging, and textile industries, which is increasing their productivity and cost-effectiveness. For instance, the International Society of Automation's subsidiary Survey by Automation found that the cost of robot technology will fall by 76% by 2025 compared to 2010. The main financial hurdle for SMEs will be removed by this trend. The market for servo motors and drives is anticipated to be driven by these trends.

Opportunities:

Motion controllers are increasingly needed to measure speed, torque, and position in order to maintain the quality and efficiency of industrial processes, as automated systems are becoming more prevalent in a variety of sectors and applications. Encoders are used to assure safe operations in machines and automated systems while minimizing the amount of wires and connections required for control. Also, it promotes a decrease in manual labour, enhances quality, reduces repetitive work, and lowers expenses in general. Encoders are built into servo systems, which increases the operations' accuracy and dependability in a production facility.

Key Chapter Will Be Provided In The Report

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis

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Market Segmentation

By Product Type

Servo Motors

•AC Servo Motor
•DC Brush Less Servo Motor
•Brushed DC Servo Motor
•Linear Servo Motor

Servo Drives

•AC Servo Drive
•DC Servo Drive
•Adjustable Servo Drive
•Others

By Voltage Range

•Low-voltage
•Medium voltage
•High Voltage

By Material

•Stainless Steel
•Non-stainless Steel

By End User Industry

•Automotive
•Oil & Gas
•Semiconductor & Electronics
•Chemicals & Petrochemicals
•Others

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Regional Analysis in Servo Motors and Drives Market

The Asia-Pacific region is expected to grow at a faster rate over the forecast period due to the expansion of industrial activities and the rising demand for faster and more precise motors and drives to boost productivity. The rising demand for cost-effective energy production processes and the rising demand for software systems are driving the expansion of the market. Moreover, the increasing production of machine tools and other sectors, such as semiconductors and electronics, that are related to automobiles or smartphones, such as electronics assembly, semiconductor machinery, and customized robots for various applications, are additional factors driving the market growth in this Asia-Pacific region.

By Region
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Players Covered in Servo Motors and Drives Market are:

•Yaskawa Electric (Japan)
•Mitsubishi Electric (Japan)
•Siemens (Germany)
•Schneider Electric (France)
•Rockwell Automation (US)
•ABB (Switzerland)
•NIDEC (Japan)
•Delta Electronics (Taiwan)
•FANUC(Japan)
•Fuji Electric (Japan)
•Kollmorgen Corporation (US)
•Parker Hannifin Corporation (US)
•Omron Corporation (OMRON) (US)
•SEW Eurodrive (Germany)
•LENZE (Germany)
•Bosch Rexroth AG (Germany), and other major players

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Key Industry Development In The Servo Motors And Drives Market

In July 2022, Yaskawa introduced the JL-L000A communications ASIC to support MECHATROLINK-4, a new-generation industrial network with four times the transmission efficiency of its predecessor. This interface will be compatible with controllers and servo packs.

The report provides insights on the following pointers:

1.Market Penetration: Offers comprehensive information on the market offered by the key players

2.Market Analysis: Provides detailed information on lucrative growing markets and examines market penetration across mature segments.

3.Market Diversification: Details regarding new product launches, untapped geographies, recent developments, and investments are provided.

4.Competitive Landscape: Provides an in-depth analysis of the top companies' market shares, strategies, products, certification, regulatory approvals, patent landscape, and production capabilities.

5.Industry Dynamics and Factors: Offers insightful information about future technologies, R&D initiatives, and game-changing product breakthroughs.

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