Market Overview:
The global servo-drives and servo-amplifiers market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for automation in various industries, such as machine tools, automated manufacturing, and electronic equipment. Moreover, the growing demand for energy-efficient solutions across different applications is also fueling the growth of this market. Based on type, the global servo-drives and servo-amplifiers market can be segmented into less than 2 kW, 2 kW to 5 kW, and more than 5 kW segments. The 2 kW to 5 kW segment is expected to grow at a higher CAGR during the forecast period owing to its high adoption in various industrial applications. Based on application, the global servo-drives and servo-amplifiers market can be divided into machine tools, automated manufacturing systems (AMS), electronic equipment (EE), medical devices & equipment (MDE), transportation vehicles & systems (TVS), others segments. Among these applications segments; machine tools held a dominant position in 2017 and is projected to maintain its dominance during the forecast period as well).
Product Definition:
Servo-drives and servo-amplifiers are used to control the position or speed of a mechanical system, such as a motor or an actuator. They are important because they allow precise control over the movement of these systems, which can be useful for tasks like manufacturing or robotics.
Less than 2KW:
The less than 2KW segment is expected to grow at a CAGR of XX% from 2018 to 2025. The growth can be attributed to the growing demand for energy-efficient drives and amplifiers in automotive, industrial, aerospace & defense and other sectors. Servo motors are used in various applications such as robotics, automation systems, machine tools etc., which require motion control with high efficiency.
2KW to 5KW:
2KW to 5KW is the range of power output produced by a servo-driven generator. It is used in applications such as Servo-Amplifiers and Servo-Drives. A servo-driven generator produces electrical energy through the rotation of a magnetic field, whereas, a servo amplifier increases or decreases the power automatically depending upon system conditions.
Application Insights:
The machine tools segment dominated the global servo-drives and servo-amplifiers market in 2017. This can be attributed to the high demand for high precision machined parts from various industries such as automotive, aerospace, and construction. The electronic equipment segment is expected to witness considerable growth over the forecast period owing to increasing demand for automation in manufacturing facilities.
Automated manufacturing systems (AMS) use a variety of technologies including 3D printing, CNC machinery, robotics etc., which are used across all industry verticals to reduce lead times and increase production capacity while reducing costs. These systems have numerous applications across all industry sectors thus driving the demand for drives & amplifiers that support these technologies such as Optimal Milling Technology (OMT), Robotic Automation Protocol (RAP). Owing to increased adoption of AMS across multiple industries coupled with growing awareness about its benefits has resulted in significant growth of this segment over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of Asia Pacific can be attributed to increasing industrialization, rising foreign investments, favorable government policies for manufacturing industries, and availability of low-cost labor. China is considered as one of the major players in this industry owing to large-scale production activities undertaken by various companies based in China. For instance, Siemens AG manufactures gas turbines that are used for generating electricity using natural gas as a fuel source across several countries including India and Vietnam.
The European region accounted for a significant share due to rapid technological advancements witnessed during machine tool production coupled with high demand from end-use industries such as aerospace & defense and automotive among others. Moreover, presence of key manufacturers such as ABB Ltd., FASCO SpA; HEG Sistemi Integrati Spa; Kion Group S.p.A.
Growth Factors:
- Increasing demand for automation in manufacturing and process industries to improve productivity and efficiency
- Rising adoption of servo-drives and servo-amplifiers in automotive applications for advanced motion control
- Growing demand for servo-drives and servo-amplifiers in renewable energy systems to optimize power generation
- Proliferation of smart factories that require advanced motion control solutions for efficient production
- Increasing research and development investments by players in the servo-drives and servo-amplifiers market to develop new products
Scope Of The Report
Report Attributes
Report Details
Report Title
Servo-Drives and Servo-Amplifiers Market Research Report
By Type
Less than 2KW, 2KW to 5KW, More than 5KW
By Application
Machine Tools, Automated Manufacturing, Electronic Equipment, Others
By Companies
Mitsubishi, Yaskawa, Rockwell, Fanuc, Siemens, ABB, Nidec, Schneider, Delta, Panasonic, Rexroth (Bosch), Eorive, Teco, SANYO DENKI, V&T, Inovance, Moog, Oriental Motor, Enpower, Toshiba, Greatland Electrics, ZYK
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Servo-Drives and Servo-Amplifiers Market Report Segments:
The global Servo-Drives and Servo-Amplifiers market is segmented on the basis of:
Types
Less than 2KW, 2KW to 5KW, More than 5KW
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, Automated Manufacturing, Electronic Equipment, 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:
- Mitsubishi
- Yaskawa
- Rockwell
- Fanuc
- Siemens
- ABB
- Nidec
- Schneider
- Delta
- Panasonic
- Rexroth (Bosch)
- Eorive
- Teco
- SANYO DENKI
- V&T
- Inovance
- Moog
- Oriental Motor
- Enpower
- Toshiba
- Greatland Electrics
- ZYK
Highlights of The Servo-Drives and Servo-Amplifiers 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:
- Less than 2KW
- 2KW to 5KW
- More than 5KW
- By Application:
- Machine Tools
- Automated Manufacturing
- Electronic Equipment
- 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 Servo-Amplifiers 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.
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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 servo-amplifiers are devices that use servomotors to control the movement of a mechanical component. Servos can be used to move objects in a precise, controlled manner, which is useful for tasks like robotics or precision manufacturing.
Some of the major companies in the servo-drives and servo-amplifiers market are Mitsubishi, Yaskawa, Rockwell, Fanuc, Siemens, ABB, Nidec, Schneider, Delta, Panasonic, Rexroth (Bosch), Eorive, Teco, SANYO DENKI, V&T, Inovance, Moog, Oriental Motor, Enpower, Toshiba, Greatland Electrics, ZYK.
The servo-drives and servo-amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers Market - Supply Chain
4.5. Global Servo-Drives and Servo-Amplifiers Market Forecast
4.5.1. Servo-Drives and Servo-Amplifiers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Servo-Drives and Servo-Amplifiers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Servo-Drives and Servo-Amplifiers Market Absolute $ Opportunity
5. Global Servo-Drives and Servo-Amplifiers 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 Servo-Amplifiers Market Size and Volume Forecast by Type
5.3.1. Less than 2KW
5.3.2. 2KW to 5KW
5.3.3. More than 5KW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Servo-Drives and Servo-Amplifiers 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 Servo-Amplifiers Market Size and Volume Forecast by Application
6.3.1. Machine Tools
6.3.2. Automated Manufacturing
6.3.3. Electronic Equipment
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Servo-Drives and Servo-Amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers Demand Share Forecast, 2019-2026
9. North America Servo-Drives and Servo-Amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers Market Size and Volume Forecast by Application
9.4.1. Machine Tools
9.4.2. Automated Manufacturing
9.4.3. Electronic Equipment
9.4.4. 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 Servo-Amplifiers Market Size and Volume Forecast by Type
9.7.1. Less than 2KW
9.7.2. 2KW to 5KW
9.7.3. More than 5KW
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 Servo-Amplifiers Demand Share Forecast, 2019-2026
10. Latin America Servo-Drives and Servo-Amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers Market Size and Volume Forecast by Application
10.4.1. Machine Tools
10.4.2. Automated Manufacturing
10.4.3. Electronic Equipment
10.4.4. 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 Servo-Amplifiers Market Size and Volume Forecast by Type
10.7.1. Less than 2KW
10.7.2. 2KW to 5KW
10.7.3. More than 5KW
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 Servo-Amplifiers Demand Share Forecast, 2019-2026
11. Europe Servo-Drives and Servo-Amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers Market Size and Volume Forecast by Application
11.4.1. Machine Tools
11.4.2. Automated Manufacturing
11.4.3. Electronic Equipment
11.4.4. 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 Servo-Amplifiers Market Size and Volue Forecast by Type
11.7.1. Less than 2KW
11.7.2. 2KW to 5KW
11.7.3. More than 5KW
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 Servo-Amplifiers Demand Share, 2019-2026
12. Asia Pacific Servo-Drives and Servo-Amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers Market Size and Volume Forecast by Application
12.4.1. Machine Tools
12.4.2. Automated Manufacturing
12.4.3. Electronic Equipment
12.4.4. 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 Servo-Amplifiers Market Size and Volume Forecast by Type
12.7.1. Less than 2KW
12.7.2. 2KW to 5KW
12.7.3. More than 5KW
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 Servo-Amplifiers Demand Share, 2019-2026
13. Middle East & Africa Servo-Drives and Servo-Amplifiers 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 Servo-Amplifiers 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 Servo-Amplifiers Market Size and Volume Forecast by Application
13.4.1. Machine Tools
13.4.2. Automated Manufacturing
13.4.3. Electronic Equipment
13.4.4. 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 Servo-Amplifiers Market Size and Volume Forecast by Type
13.7.1. Less than 2KW
13.7.2. 2KW to 5KW
13.7.3. More than 5KW
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 Servo-Amplifiers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Servo-Drives and Servo-Amplifiers Market: Market Share Analysis
14.2. Servo-Drives and Servo-Amplifiers Distributors and Customers
14.3. Servo-Drives and Servo-Amplifiers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Yaskawa
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rockwell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fanuc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ABB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nidec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Schneider
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Delta
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Panasonic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Rexroth (Bosch)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eorive
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Teco
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SANYO DENKI
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. V&T
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Inovance
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Moog
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. Enpower
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Toshiba
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
