The Servo Motors and Drives market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
The Global Servo Motors and Drives Market is expected to increase to a considerable rate, registering a CAGR of more than 5%.
Servo Motors and Drives: Introduction
Servo motors and drives allude to the automated linear or rotating actuators utilized for exact position control in modern apparatuses, for example, transport lines, packaging machines, food handling units, semiconductors and robots.
They are a pivotal part of the servo motor regulator and work in closed-loop instruments that register positional input to control the rotational speed of the engines or motors. Probably the most commonly utilized servo motors and drives incorporate simple direct current (DC) brushless, brushed, linear servo motors and alternating current (AC) motors and drives.
They are regularly utilized as a speaker to control the measure of current being moved to the motor or engine. Accordingly, they track extensive applications across different enterprises, including car, semiconductor and gadgets, medical care, packaging, oil & gas and chemical & petrochemicals, etc.
Market overview
The expanding automation in factories and other modern units addresses one of the key elements driving the development of the market. In accordance with this, the far and wide usage of mechanical technology across enterprises is likewise expanding the market development. Industrial robots are generally utilized for get together, pickup and fabricating applications.
Rotational servo engines empower cooperation among magnets and winding, and deal different favourable properties, including high-goal accuracy input, high force thickness and insignificant energy utilization. This, alongside different mechanical progressions, like the coordination of associated gadgets with the Internet of Things (IoT) and artificial intelligence (AI), is additionally adding to the market development.
In accordance with this, item makers are likewise utilizing lightweight materials to make gear frameworks for remotely assisted items, like robots and small-sized robots. Different variables, including quick industrialization, along with advent of industry 4.0, are expected to drive the market further.
Economic growth
The Global Servo Motors and Drives Market size was $12.3 billion in 2020, and is expected to increase to a value of more than $20 billion by 2026, registering a CAGR of more than 5% throughout 2021 to 2026.
Market segmentation: analysis
The Global Servo Motors and Drives Market is segmented by type, application, and region.
On the basis by type – Servo Drives (AC Servo drives, adjustable speed, and DC servo drives), and Servo Motors (Brushed DC, DC Brushless, AC servo motors, and Linear servo motors).
According to the type segment, servo motors dominate the market with the largest market share.
On the basis by application – Automotive, Semiconductor and electronics, Material handling, Food processing, and Healthcare.
According to the application segment, Automotive holds the largest market share in the Global Servo Motors and Drives Market.
On the basis by region – North America, Europe, Asia-Pacific, and RoW.
According to the region segment, Asia Pacific addresses the biggest market for servo drives and motors. In 2014, Asia Pacific represented over 30% income share in the worldwide servo drives and motors market.
Key players in the Global Servo Motors and Drives Market are:
- Baldor Electric Company
- ABB Ltd
- Delta Electronics Inc
- Applied Motion Products Inc
- FANCU Corporation
