Market Overview:
The global servo drives and motors 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 servo drives and motors in various applications, such as machine tools, packaging applications, textile, robots, and others. Additionally, the growing demand for energy-efficient servo drives and motors is also contributing to the growth of this market.
Product Definition:
Servo drives and motors are devices that use feedback signals to control the position or speed of a mechanical system. They are used in a wide variety of applications, from industrial robots to medical equipment. The importance of servo drives and motors lies in their ability to provide precise control over movement, which can result in improved accuracy and efficiency.
DC Servo Motors:
DC servo motors are used in various applications such as robotics, automation and machine tools. Servo motors are gaining importance over stepper motors owing to their low cost and high torque characteristics. DC servo motor is a hybrid of AC servo motor and stepper motor that uses the power of an electric current but can be commanded like a standard step-wise motor.
AC Servo Motors:
AC servo motors are electronic control systems that offer high accuracy, repeatability and reliability. They are used in various applications such as robotics, machine tools automation and semiconductor manufacturing equipment. AC servo motors have a wide range of speed capabilities from ultra-low speeds (10-20 rpm) to high speeds (200+ rpm). These products can be used with pneumatic or hydraulic drives depending on the application requirements.
Application Insights:
The machine tools application segment dominated the global servo drives and motors market in 2017. This can be attributed to the high demand for highly precise mechanical components across various industries, such as automotive, aerospace and defense. The packaging applications segment is expected to witness significant growth over the forecast period owing to increasing use of robotics in this industry.
Robots are widely used for handling heavy loads and moving around obstacles with ease. Increasing demand for packaged food products is also likely to boost product adoption in packaging applications over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing industrialization, rising automation, and rapid technological advancements. China is a major contributor towards regional growth owing to its large-scale production of robots as well as machine tools. Robust manufacturing base of automotive components in Japan also contributes towards regional growth.
The demand for servo drives & motors in Europe is anticipated to grow at a significant rate over the forecast period owing to growing applications across various end-use industries such as aerospace & defense, medical devices & instruments, food processing equipment, textile machinery among others.
Growth Factors:
- Increasing demand from the automotive industry for servo drives and motors to improve fuel efficiency and reduce emissions.
- Growing demand for servo drives and motors in the packaging industry to improve product quality and speed up production processes.
- Increasing use of servo drives and motors in medical devices to improve accuracy and precision of treatments.
- Rising demand for servo drives and motors in industrial automation applications to increase efficiency and productivity.
- Growing popularity of motion control systems using servo drives and motors across a wide range of end-user industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Servo Drives and Motors Market Research Report
By Type
DC Servo Motors, AC Servo Motors
By Application
Machine Tools, Packaging Applications, Textile, Robots, Others
By Companies
GE, ABB, Fanuc, Siemens, Yasukawa, Mitsubshi, Panasonic, Rockwell, Emerson, Teco, Moog, Rexroth (Bosch), Delta, Tamagawa, Schneider, SANYO DENKI, Lenze, Oriental Motor, Toshiba, Parker Hannifin, Kollmorgen, GSK, Beckhoff, Hitachi, HNC, LS Mecapion
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Servo Drives and Motors Market Report Segments:
The global Servo Drives and Motors market is segmented on the basis of:
Types
DC Servo Motors, AC Servo Motors
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
Machine Tools, Packaging Applications, Textile, Robots, Others
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:
- GE
- ABB
- Fanuc
- Siemens
- Yasukawa
- Mitsubshi
- Panasonic
- Rockwell
- Emerson
- Teco
- Moog
- Rexroth (Bosch)
- Delta
- Tamagawa
- Schneider
- SANYO DENKI
- Lenze
- Oriental Motor
- Toshiba
- Parker Hannifin
- Kollmorgen
- GSK
- Beckhoff
- Hitachi
- HNC
- LS Mecapion
Highlights of The Servo Drives and Motors 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:
- DC Servo Motors
- AC Servo Motors
- By Application:
- Machine Tools
- Packaging Applications
- Textile
- Robots
- Others
- 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 Servo Drives and Motors 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?
Servo drives and motors are devices that allow a servo to be controlled by an external controller. The servo can then be used to move objects or control the direction of a motor.
Some of the major players in the servo drives and motors market are GE, ABB, Fanuc, Siemens, Yasukawa, Mitsubshi, Panasonic, Rockwell, Emerson, Teco, Moog, Rexroth (Bosch), Delta, Tamagawa, Schneider, SANYO DENKI, Lenze, Oriental Motor, Toshiba, Parker Hannifin, Kollmorgen, GSK, Beckhoff, Hitachi, HNC, LS Mecapion.
The servo drives and motors market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Servo Drives and Motors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Servo Drives and Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Servo Drives and Motors Market - Supply Chain
4.5. Global Servo Drives and Motors Market Forecast
4.5.1. Servo Drives and Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Servo Drives and Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Servo Drives and Motors Market Absolute $ Opportunity
5. Global Servo Drives and Motors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Servo Drives and Motors Market Size and Volume Forecast by Type
5.3.1. DC Servo Motors
5.3.2. AC Servo Motors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Servo Drives and Motors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Servo Drives and Motors Market Size and Volume Forecast by Application
6.3.1. Machine Tools
6.3.2. Packaging Applications
6.3.3. Textile
6.3.4. Robots
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Servo Drives and Motors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Servo Drives and Motors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Servo Drives and Motors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Servo Drives and Motors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Servo Drives and Motors Demand Share Forecast, 2019-2026
9. North America Servo Drives and Motors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Servo Drives and Motors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Servo Drives and Motors Market Size and Volume Forecast by Application
9.4.1. Machine Tools
9.4.2. Packaging Applications
9.4.3. Textile
9.4.4. Robots
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Servo Drives and Motors Market Size and Volume Forecast by Type
9.7.1. DC Servo Motors
9.7.2. AC Servo Motors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Servo Drives and Motors Demand Share Forecast, 2019-2026
10. Latin America Servo Drives and Motors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Servo Drives and Motors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Servo Drives and Motors Market Size and Volume Forecast by Application
10.4.1. Machine Tools
10.4.2. Packaging Applications
10.4.3. Textile
10.4.4. Robots
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Servo Drives and Motors Market Size and Volume Forecast by Type
10.7.1. DC Servo Motors
10.7.2. AC Servo Motors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Servo Drives and Motors Demand Share Forecast, 2019-2026
11. Europe Servo Drives and Motors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Servo Drives and Motors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Servo Drives and Motors Market Size and Volume Forecast by Application
11.4.1. Machine Tools
11.4.2. Packaging Applications
11.4.3. Textile
11.4.4. Robots
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Servo Drives and Motors Market Size and Volume Forecast by Type
11.7.1. DC Servo Motors
11.7.2. AC Servo Motos
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Servo Drives and Motors Demand Share, 2019-2026
12. Asia Pacific Servo Drives and Motors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Servo Drives and Motors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Servo Drives and Motors Market Size and Volume Forecast by Application
12.4.1. Machine Tools
12.4.2. Packaging Applications
12.4.3. Textile
12.4.4. Robots
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Servo Drives and Motors Market Size and Volume Forecast by Type
12.7.1. DC Servo Motors
12.7.2. AC Servo Motors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Servo Drives and Motors Demand Share, 2019-2026
13. Middle East & Africa Servo Drives and Motors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Servo Drives and Motors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Servo Drives and Motors Market Size and Volume Forecast by Application
13.4.1. Machine Tools
13.4.2. Packaging Applications
13.4.3. Textile
13.4.4. Robots
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Servo Drives and Motors Market Size and Volume Forecast by Type
13.7.1. DC Servo Motors
13.7.2. AC Servo Motors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Servo Drives and Motors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Servo Drives and Motors Market: Market Share Analysis
14.2. Servo Drives and Motors Distributors and Customers
14.3. Servo Drives and Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fanuc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yasukawa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubshi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rockwell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Emerson
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Teco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Moog
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Rexroth (Bosch)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Delta
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tamagawa
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Schneider
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SANYO DENKI
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Lenze
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Oriental Motor
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Toshiba
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Parker Hannifin
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
