Market Overview:
The global AC servo drive market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and high-performance equipment across various industries. Additionally, the growing trend of Industry 4.0 is also expected to fuel the demand for AC servo drives in the coming years. Based on type, small servo drives are expected to account for a major share of the global AC servo drive market during the forecast period from 2018 to 2030. This can be attributed to their low cost and easy installation as compared with other types of AC servo drives available in the market.
Product Definition:
An AC Servo Drive is a device that converts electrical power into rotational motion. It is used to control the speed and position of motors, which in turn can be used to control the movement of objects.
Small Servo:
Small servo is a kind of electric motor used in various automation applications. It can be classified into two types as hobby servo and industrial servo. The former is widely used for positioning, rotation control, and speed control of mechanisms while the latter finds its application in automotive steering systems or machine tools that require high accuracy and repeatability.
Medium Servo:
Medium servo is a type of electric motor that can be used to move heavy loads. It has high torque and low speed which makes it ideal for applications such as machine tools, printing press, robotics, etc.
Application Insights:
Based on application, the global AC servo drive market has been segmented into HVAC, escalator and social infrastructure. The HVAC application segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to a large number of end-use industries including building & construction, automotive and aerospace that require servo drives for their operations.
The growing need for energy-efficient products across various end-use industries is also likely to have a positive impact on product demand in this segment over the forecast period. Furthermore, technological advancements such as implementation of advanced control systems in air conditioners are anticipated to further boost product demand from this sector over the coming years.
The social infrastructure application segment accounted for more than 15% share of total revenue in 2017 owing to increasing government expenditure towards infrastructural development especially across developing countries like India.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, expanding at a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing construction activities in emerging economies such as China and India. In addition, growing demand for elevators in these countries will drive the market further. For instance, according to the Indian elevator industry body AIEIA’s 2017-2018 Report on Industry Trends & Statistics, there was a requirement of around 1 million lifts across India with an estimated installation requirement of about 400 thousand lifts annually over the next seven years till 2022.
Europe accounted for more than 25% share in 2017 owing high adoption rate in applications such as HVAC and escalator motors drives due their compact size and lightweight nature making them suitable for use on different types of moving platforms such as trains or planes etc.
Growth Factors:
- Increasing demand for energy-efficient and high-performance equipment drives the growth of AC servo drive market.
- The need for automation in various industries is another major factor that is expected to fuel the growth of AC servo drive market in the near future.
- Rising demand from end-use industries, such as automotive, semiconductor & electronics, and food & beverage is also anticipated to propel the growth of this market in the coming years.
- Growing popularity of motion control systems across different applications is also projected to boost the demand for AC servo drives over the next few years. 5) Technological advancements and innovations are likely to create new opportunities for this market in forthcoming years
Scope Of The Report
Report Attributes
Report Details
Report Title
AC Servo Drive Market Research Report
By Type
Small Servo, Medium Servo, Large Servo
By Application
HVAC, Escalator, Social Infrastructure
By Companies
Panasonic, Yaskawa, Mitsubishi, Delta Electronics, Siemens, Omron, Bosch Rexroth, Shenzhen Inovance Tech, Estun Automation, Sanyo Denki Co Ltd, Schneider Electric, Fujifilm, Hitachi, Toshiba, B&R Industrial Automation, Electromate Inc, Moons Industries Inc, Wuhan Huazhong, Shanghai Step Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global AC Servo Drive Market Report Segments:
The global AC Servo Drive market is segmented on the basis of:
Types
Small Servo, Medium Servo, Large Servo
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
HVAC, Escalator, Social Infrastructure
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- Yaskawa
- Mitsubishi
- Delta Electronics
- Siemens
- Omron
- Bosch Rexroth
- Shenzhen Inovance Tech
- Estun Automation
- Sanyo Denki Co Ltd
- Schneider Electric
- Fujifilm
- Hitachi
- Toshiba
- B&R Industrial Automation
- Electromate Inc
- Moons Industries Inc
- Wuhan Huazhong
- Shanghai Step Electric
Highlights of The AC Servo Drive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small Servo
- Medium Servo
- Large Servo
- By Application:
- HVAC
- Escalator
- Social Infrastructure
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AC Servo Drive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AC Servo Drive is a type of electric motor that uses an AC power source to provide rotational motion. This type of motor is often used in applications where precision and speed are important, such as in medical equipment or robotics.
Some of the key players operating in the ac servo drive market are Panasonic, Yaskawa, Mitsubishi, Delta Electronics, Siemens, Omron, Bosch Rexroth, Shenzhen Inovance Tech, Estun Automation, Sanyo Denki Co Ltd, Schneider Electric, Fujifilm, Hitachi, Toshiba, B&R Industrial Automation, Electromate Inc, Moons Industries Inc, Wuhan Huazhong, Shanghai Step Electric.
The ac servo drive market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC Servo Drive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AC Servo Drive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AC Servo Drive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AC Servo Drive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AC Servo Drive Market Size & Forecast, 2018-2028
4.5.1 AC Servo Drive Market Size and Y-o-Y Growth
4.5.2 AC Servo Drive Market Absolute $ Opportunity
Chapter 5 Global AC Servo Drive Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 AC Servo Drive Market Size Forecast by Type
5.2.1 Small Servo
5.2.2 Medium Servo
5.2.3 Large Servo
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global AC Servo Drive Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 AC Servo Drive Market Size Forecast by Applications
6.2.1 HVAC
6.2.2 Escalator
6.2.3 Social Infrastructure
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC Servo Drive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AC Servo Drive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America AC Servo Drive Analysis and Forecast
9.1 Introduction
9.2 North America AC Servo Drive Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America AC Servo Drive Market Size Forecast by Type
9.6.1 Small Servo
9.6.2 Medium Servo
9.6.3 Large Servo
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America AC Servo Drive Market Size Forecast by Applications
9.10.1 HVAC
9.10.2 Escalator
9.10.3 Social Infrastructure
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe AC Servo Drive Analysis and Forecast
10.1 Introduction
10.2 Europe AC Servo Drive Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe AC Servo Drive Market Size Forecast by Type
10.6.1 Small Servo
10.6.2 Medium Servo
10.6.3 Large Servo
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe AC Servo Drive Market Size Forecast by Applications
10.10.1 HVAC
10.10.2 Escalator
10.10.3 Social Infrastructure
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific AC Servo Drive Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific AC Servo Drive Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific AC Servo Drive Market Size Forecast by Type
11.6.1 Small Servo
11.6.2 Medium Servo
11.6.3 Large Servo
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific AC Servo Drive Market Size Forecast by Applications
11.10.1 HVAC
11.10.2 Escalator
11.10.3 Social Infrastructure
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America AC Servo Drive Analysis and Forecast
12.1 Introduction
12.2 Latin America AC Servo Drive Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America AC Servo Drive Market Size Forecast by Type
12.6.1 Small Servo
12.6.2 Medium Servo
12.6.3 Large Servo
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America AC Servo Drive Market Size Forecast by Applications
12.10.1 HVAC
12.10.2 Escalator
12.10.3 Social Infrastructure
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) AC Servo Drive Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) AC Servo Drive Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) AC Servo Drive Market Size Forecast by Type
13.6.1 Small Servo
13.6.2 Medium Servo
13.6.3 Large Servo
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) AC Servo Drive Market Size Forecast by Applications
13.10.1 HVAC
13.10.2 Escalator
13.10.3 Social Infrastructure
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AC Servo Drive Market: Competitive Dashboard
14.2 Global AC Servo Drive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Yaskawa
14.3.3 Mitsubishi
14.3.4 Delta Electronics
14.3.5 Siemens
14.3.6 Omron
14.3.7 Bosch Rexroth
14.3.8 Shenzhen Inovance Tech
14.3.9 Estun Automation
14.3.10 Sanyo Denki Co Ltd
14.3.11 Schneider Electric
14.3.12 Fujifilm
14.3.13 Hitachi
14.3.14 Toshiba
14.3.15 B&R Industrial Automation
14.3.16 Electromate Inc
14.3.17 Moons Industries Inc
14.3.18 Wuhan Huazhong
14.3.19 Shanghai Step Electric
