Servo Motors and Drives Market by System (Linear, Rotary), Communication Type (Fieldbus, Industrial Ethernet, Wireless), Voltage (Low, Medium, High), Brake Technology, Material, Product Type, End-users, Offering and Region - Global Forecast to 2027
[250 Pages Report] The global servo motors and drives market is projected to reach USD 15.8 billion by 2027 from an estimated USD 12.0 billion in 2022, at a CAGR of 5.7% during the forecast period. The rise in smart manufacturing initiatives to improve reliability and increase productivity in industrial processes is supporting the growth of the servo motors and drives market in various countries. Asia Pacific is estimated to be the largest market for servo motors and drives in 2021 due to the undergoing developments in the field of automation in the countries such as Japan, South Korea, and China.
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Servo Motors and Drives Market Dynamics
Driver: Rising need for motion control systems in automated production plants of SMEs
Small and medium enterprises (SMEs) are playing a major role in the business world. About 90% of the businesses in the world are SMEs. Several manufacturing companies in the SME category have been concentrating on features such as quality, speed, and flexibility in industrial machinery.
Small and medium enterprises (SMEs) in this context can implement servo systems as motion control systems to improve the productivity of manufacturing facilities. Automotive, packaging, and textile are a few of the industries where automated production plants are controlled by servo systems, which is boosting their productivity and cost-efficiency. For instance, Survey by Automation, which is a subsidiary of the International Society of Automation has found that prices of robot technologies will be reduced by 76% by 2025 from that of 2010. This trend will eliminate the major barrier of cost for SMEs. These trends are expected to drive the servo motors and drives market.
Restraint: Huge investment involved in integrating new automation technologies into current infrastructure
Huge investment is involved in integrating new automation technologies into current infrastructure. Factory automation involves integrating new technologies into the current infrastructure. Upgrading the automation technologies involves high costs to transform the whole infrastructure. Small and medium companies have the issue of funds for investing in Industry 4.0 technologies. This investment can be a barrier for several manufacturers. Servo motors in this context involve high overall system and installation costs when compared to other motors due to the feedback components.
Opportunities: Need for feedback control in servo systems driving demand for encoders
The rise in automated systems in a wide range of industries and applications has increased the demand for motion controllers for measuring the speed, torque, and position in maintaining the quality and efficiency of the processes in the industries. The usage of encoders reduces the number of wires and connections needed for control and ensures safe operations in machines and automated systems. Moreover, it facilitates a reduction in manual labor, improves quality, minimizes repetitive work, and decreases overall costs. Servo Systems are designed with encoders, thereby improving the accuracy and reliability of the processes in a manufacturing facility.
The designs of Encoders are also becoming more rugged and reliable making them suitable to withstand harsh environments. There are also other alternatives for encoders such as potentiometers for usage in servo motors but due to low accuracy and shorter life span of a potentiometer, the encoder is chosen. the rise in demand for feedback control systems is supported by growing automation, which is increasing the adoption of encoders in servomotors.
Challenges: Shortage of skilled workforce to handle complexities in automated manufacturing facilities
The growing automation has involved new technologies being integrated into manufacturing facilities. This has increased complexities for the industries to hire a skilled workforce to handle the machinery and respond to changes in technologies involved in the facilities. Plex Systems, which is a Rockwell Automation Company, published a report based on the global survey with 321 manufacturers on the “State of Smart Manufacturing” to observe the current challenges and opportunities of the manufacturers in implementing smart manufacturing in their facilities. As per the survey, the shortage of skilled workforce was one of the factors, which is an obstacle for the market to grow. Organizations must provide continuous learning options for the workforce to shift to new modes of operation. This has become the major challenge for the growth of the servo motors and drives market in the automation field.
Market Trends
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Rotary Systems segment, by system type, is expected to be the largest segment during the forecast period
The rotary systems segment is expected to be the largest segment during the forecast period. The development of direct-drive rotary servo motors has resulted in the elimination of the need for gearboxes, pulleys, and other mechanical equipment. This has led to faster settling times, reduced energy consumption, and better control of the load directly connected to the servo motor. Rotary servo motors offer benefits such as high-resolution precision feedback, low energy consumption, and high torque density. This has made rotary servo motors useful for applications in food processing, packaging, healthcare, and transportation, textile, printing, and automotive.
By voltage, low voltage segment is expected to be the most significant contributor to the global servo motors and drives market during the forecast period
By voltage, the servo motors and drives market has been segmented into low voltage (Below 400 V), medium voltage (Between 400 V and 690 V), high voltage (Above 690 V) is expected to be the largest segment during the forecast period. Low-voltage servo motors and drives are best compatible for use in mobile applications that demand high acceleration and braking processes, low noise, and high efficiency. The ease of operation, low setup and maintenance costs, and high reliability are projected to drive the market for low-voltage servo motors and drives.
“Asia Pacific: The largest and fastest servo motors and drives market”
Asia Pacific is expected to dominate the global servo motors market between 2022–2027, followed by Europe and the North America. The servo motors and drives market in Asia Pacific is undergoing developments in the field of automation mainly in robotics in countries such as Japan, South Korea, and China. In other economies such as India and Indonesia, the robotics industry is in the nascent stage. This trend in the robotics field has increased the demand for servo motors as they are mainly used for motion control purposes in robots for applications such as pick and place operations. The growth of servo motors and drives is supported by the adoption of smart manufacturing initiatives for various applications in the Asia Pacific region.
Key Market Players
The servo motors and drives market is dominated by a few major players that have a wide regional presence. The major players in the servo motors and drives market are Yaskawa Electric (Japan), Mitsubishi Electric (Japan), Siemens (Germany), Rockwell Automation (US), and Schneider Electric (France). Between 2018 and 2022, the companies adopted growth strategies such as product launches, acquisitions, expansions, and investments to capture a larger share of the servo motors and drives market.
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|
Report Metric |
Details |
|
Market size available for years |
2020–2027 |
|
Base year considered |
2021 |
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Forecast period |
2022–2027 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Offering, Product type, Voltage, System type, Brake technology, Communication type, Material of Construction, End-user and Region |
|
Geographies covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies covered |
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), WEG (Brazil), AMETEK (US), Rozum Robotics Inc. (Belarus), ADTECH (SHENZHEN) Technology Co. Ltd (China) |
This research report categorizes the servo motors and drives market by Offering, Product type, Voltage, System type, Brake technology, Communication type, Material of Construction, End-user and Region
On the basis of offering type:
- Hardware
- Software and Services
On the basis of product type:
- Servo Motors
- Servo Drives
On the basis of voltage:
- Low Voltage
- Medium Voltage
- High Voltage
On the basis of by system type:
- Linear
- Rotary
On the basis of by brake technology:
- Spring
- Permanent magnet
- Others
On the basis of by communication type:
- Fieldbus
- Industrial Ethernet
- Wireless
On the basis of by material of construction:
- Stainless steel
- Others
On the basis of by end user:
- Automotive and transportation
- Semiconductor and Electronics
- Food Processing
- Textile
- Petrochemical
- Pharmaceutical and Healthcare
- Packaging
- Printing and Paper
- Others
On the basis of region:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In July 2022, Yaskawa launched JL-L000A communications ASIC for supporting MECHATROLINK-4, which is a new-generation industrial network for achieving four times the transmission efficiency. This communication interface will be compatible with the controllers and servo packs.
- In April 2021, Siemens introduced new servo motors to its Sinamics S210 single-cable servo drive system suitable for a wide range of applications, especially for use in the pharmaceutical and food industries.
- In October 2021, Rockwell Automation launched an NSF-certified HMI terminal for operators to monitor production and new hygienic servo motors named Kinetix VPH hygienic servo motors for minimizing contamination risks in food and pharmaceutical industries.
Frequently Asked Questions (FAQ):
What is the current size of the servo motors and drives market?
The current market size of global servo motors and drives market is USD 11.4 billion in 2021.
What is the major drivers for servo motors and drives market?
The global servo motors and drives market is driven by The rising trends of automation and Industry 4.0, are improving the productivity and reliability of production processes in industries of various countries. This has made various end-user companies across the world take smart manufacturing initiatives such as introducing industrial robots, and industrial IoT (IIoT) in their business operations.
Which is the fastest-growing region during the forecasted period in servo motors and drives market?
Asia Pacific is the fastest-growing region during the forecasted period owing the Asia Pacific is undergoing developments in the field of automation mainly in robotics in countries such as Japan, South Korea, and China. The Increasing concern on the automation investments in various countries is likely to increase the demand for servo motors and drives.
Which is the fastest-growing segment, by system type during the forecasted period in servo motors and drives market?
The system type segment is witnessing a high demand during the forecasted period owing to the need for improving productivity of processes in various industries due to the advantages such as low energy consumption, and high torque density. This has increased the usage of rotary systems in industries such as food processing, packaging, healthcare, textile, printing, and automotive & transportation. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 32)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 SERVO MOTORS AND DRIVES MARKET, BY OFFERING: INCLUSIONS & EXCLUSIONS
1.2.2 SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE: INCLUSIONS & EXCLUSIONS
1.2.3 SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE: INCLUSIONS & EXCLUSIONS
1.2.4 SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY: INCLUSIONS & EXCLUSIONS
1.2.5 SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE: INCLUSIONS & EXCLUSIONS
1.2.6 SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE: INCLUSIONS & EXCLUSIONS
1.2.7 SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION: INCLUSIONS & EXCLUSIONS
1.2.8 SERVO MOTORS AND DRIVES MARKET, BY END-USER: INCLUSIONS & EXCLUSIONS
1.2.9 SERVO MOTORS AND DRIVES MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 39)
2.1 RESEARCH DATA
FIGURE 1 SERVO MOTORS AND DRIVES MARKET: RESEARCH DESIGN
2.2 DATA TRIANGULATION
2.2.1 SECONDARY AND PRIMARY RESEARCH
2.2.2 SECONDARY DATA
2.2.2.1 List of key secondary sources
2.2.2.2 Key data from secondary sources
2.2.3 PRIMARY DATA
2.2.3.1 Key data from primary sources
2.2.3.2 Breakdown of primaries
2.3 RESEARCH SCOPE
2.4 DEMAND-SIDE ANALYSIS
FIGURE 2 PARAMETERS CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR SERVO MOTORS AND DRIVES
2.4.1 DEMAND-SIDE ANALYSIS: BOTTOM-UP APPROACH
FIGURE 3 SERVO MOTORS AND DRIVES MARKET: REGION/COUNTRY-WISE ANALYSIS
2.4.1.1 Approach used to obtain market size using bottom-up analysis (demand side)
2.4.1.2 Calculation of demand-side analysis of servo motors and drives market
2.4.1.3 Key assumptions while calculating demand-side market size
2.4.2 SUPPLY-SIDE ANALYSIS: TOP-DOWN APPROACH
FIGURE 4 SERVO MOTORS AND DRIVES MARKET: TOP-DOWN APPROACH
2.4.2.1 Approach used to obtain market size using top-down analysis (supply side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR COMPANY IN SERVO MOTORS AND DRIVES MARKET
2.4.2.2 Calculations for supply-side analysis
FIGURE 6 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SERVO MOTORS AND DRIVES
2.4.2.3 Assumptions while calculating supply-side market size
FIGURE 7 COMPANY REVENUE ANALYSIS, 2021
2.5 RESEARCH ASSUMPTIONS
2.5.1 ASSUMPTIONS
2.5.2 LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY (Page No. - 56)
TABLE 1 SERVO MOTORS AND DRIVES MARKET SNAPSHOT
FIGURE 8 ASIA PACIFIC HELD LARGEST SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2021
FIGURE 9 HARDWARE SEGMENT HOLDS LARGER SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2022
FIGURE 10 SERVO MOTORS TO CONTINUE TO ACCOUNT FOR LARGER SIZE OF SERVO MOTORS AND DRIVES MARKET DURING FORECAST PERIOD
FIGURE 11 LOW-VOLTAGE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2027
FIGURE 12 ROTARY SYSTEMS SEGMENT TO CONTINUE TO HOLD LARGER SHARE IN SERVO MOTORS AND DRIVES MARKET DURING FORECAST PERIOD
FIGURE 13 PERMANENT MAGNET SEGMENT TO CONTINUE TO BE LARGEST IN SERVO MOTORS AND DRIVES MARKET DURING FORECAST PERIOD
FIGURE 14 FIELDBUS SEGMENT TO CONTINUE TO BE LARGEST IN SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE, DURING FORECAST PERIOD
FIGURE 15 STAINLESS STEEL SEGMENT TO HOLD LARGER SIZE OF MARKET, BY MATERIAL OF CONSTRUCTION, IN 2027
FIGURE 16 AUTOMOTIVE & TRANSPORTATION SEGMENT TO CONTINUE TO HOLD LARGEST SIZE OF MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 63)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SERVO MOTORS AND DRIVES MARKET
FIGURE 17 GROWING AUTOMATION IN INDUSTRIES IS INCREASING SMART MANUFACTURING INITIATIVES, WHICH IS DRIVING DEMAND FOR SERVO MOTORS AND DRIVES
4.2 SERVO MOTORS AND DRIVES MARKET, BY REGION
FIGURE 18 ASIA PACIFIC TO BE FASTEST-GROWING SERVO MOTORS AND DRIVES MARKET DURING FORECAST PERIOD
4.3 SERVO MOTORS AND DRIVES MARKET IN ASIA PACIFIC, BY END-USER AND COUNTRY
FIGURE 19 AUTOMOTIVE & TRANSPORTATION AND CHINA WERE LARGEST SHAREHOLDERS OF SERVO MOTORS AND DRIVES MARKET IN ASIA PACIFIC IN 2021
4.4 SERVO MOTORS AND DRIVES MARKET, BY OFFERING
FIGURE 20 HARDWARE SEGMENT TO ACCOUNT FOR LARGER SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2027
4.5 SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE
FIGURE 21 SERVO MOTORS TO HOLD LARGER SHARE OF MARKET IN 2027
4.6 SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE
FIGURE 22 LOW VOLTAGE SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2027
4.7 SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE
FIGURE 23 ROTARY SYSTEMS TO HOLD LARGEST SHARE OF MARKET IN 2027
4.8 SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY
FIGURE 24 PERMANENT MAGNET SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2027
4.9 SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION
FIGURE 25 STAINLESS STEEL SEGMENT TO HOLD LARGER SHARE OF MARKET IN 2027
4.10 SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE
FIGURE 26 FIELDBUS TO HOLD LARGEST SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2027
4.11 SERVO MOTORS AND DRIVES MARKET, BY END-USER
FIGURE 27 AUTOMOTIVE & TRANSPORTATION INDUSTRY TO HOLD LARGEST SHARE OF MARKET IN 2027
5 MARKET OVERVIEW (Page No. - 69)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 28 SERVO MOTORS AND DRIVES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising need for motion control systems in automated production plants
FIGURE 29 OPERATIONAL INDUSTRIAL ROBOTS FROM PAST SIX YEARS
5.2.1.2 Increasing adoption of servo motors due to better features compared with stepper motors
TABLE 2 COMPARISON BETWEEN SERVO MOTORS AND STEPPER MOTORS
5.2.2 RESTRAINTS
5.2.2.1 High investment involved in integrating new automation technologies into current infrastructure
5.2.2.2 Lower cost of other motion control motors compared with servo motors
5.2.3 OPPORTUNITIES
5.2.3.1 Need for feedback control in servo systems driving demand for encoders
5.2.3.2 Growth in adoption of smart manufacturing initiatives in industries
TABLE 3 PRIORITIES OF MANUFACTURERS IN IMPLEMENTING SMART MANUFACTURING INITIATIVES
5.2.4 CHALLENGES
5.2.4.1 Supply-chain disruptions in steel industry
FIGURE 30 GLOBAL YEAR-ON-YEAR PRODUCTION TREND FOR IRON AND STEEL
5.2.4.2 Shortage of skilled workforce to handle complexities in automated manufacturing facilities
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS
FIGURE 31 REVENUE SHIFT FOR SERVO MOTORS AND DRIVES
5.4 VALUE CHAIN ANALYSIS
FIGURE 32 VALUE CHAIN ANALYSIS: SERVO MOTORS AND DRIVES MARKET
5.4.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.4.2 COMPONENT MANUFACTURERS
5.4.3 MANUFACTURERS/ASSEMBLERS
5.4.4 END-USERS
5.4.5 POST-SALES SERVICE PROVIDERS
5.5 MARKET MAP
FIGURE 33 MARKET MAP: SERVO MOTORS AND DRIVES MARKET
TABLE 4 SERVO MOTORS AND DRIVES MARKET: ROLE IN ECOSYSTEM
5.6 AVERAGE SELLING PRICE TREND
TABLE 5 AVERAGE SELLING PRICE OF SERVO MOTORS AND DRIVES, BY PRODUCT TYPE (KEY PLAYERS)
5.7 TECHNOLOGY ANALYSIS
5.7.1 DUAL UNIVERSAL FEEDBACK
5.7.2 DIRECT-DRIVE MOTOR TECHNOLOGY
5.8 TRADE ANALYSIS
5.8.1 EXPORT SCENARIO
TABLE 6 EXPORT SCENARIO FOR HS CODE 8501, BY COUNTRY, 2019–2021 (USD THOUSAND)
5.8.2 IMPORT SCENARIO
TABLE 7 IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2019–2021 (USD THOUSAND)
5.9 TARIFF AND REGULATORY LANDSCAPE
5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 MIDDLE EAST AND AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9.2 CODES AND REGULATIONS RELATED TO SERVO MOTORS AND DRIVES
TABLE 13 NORTH AMERICA: CODES AND REGULATIONS
TABLE 14 ASIA PACIFIC: CODES AND REGULATIONS
TABLE 15 EUROPE: CODES AND REGULATIONS
TABLE 16 GLOBAL: CODES AND REGULATIONS
5.10 PORTER’S FIVE FORCES ANALYSIS
FIGURE 34 SERVO MOTORS AND DRIVES MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 17 SERVO MOTORS AND DRIVES MARKET: PORTER’S FIVE FORCES ANALYSIS
5.10.1 THREAT OF SUBSTITUTES
5.10.2 BARGAINING POWER OF SUPPLIERS
5.10.3 BARGAINING POWER OF BUYERS
5.10.4 THREAT OF NEW ENTRANTS
5.10.5 INTENSITY OF COMPETITIVE RIVALRY
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USER
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USERS (%)
5.11.2 BUYING CRITERIA
FIGURE 36 KEY BUYING CRITERIA OF TOP END-USERS
TABLE 19 KEY BUYING CRITERIA, BY END-USER
5.12 INNOVATIONS AND REGISTERED PATENTS
TABLE 20 SERVO MOTORS AND DRIVES: INNOVATIONS AND REGISTERED PATENTS, 2022–2019
5.13 CASE STUDY ANALYSIS
5.13.1 MOTION CONTROL MOTORS AND DRIVES DESIGNED WITH CUTTING-EDGE TECHNOLOGY ACCELERATE BOTTLE LABELING
5.13.2 TROUBLESHOOTING MOTION CONTROL SYSTEM USING MOOG ANIMATICS SMART MOTOR DATA
5.14 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 21 SERVO MOTORS AND DRIVES MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
6 SERVO MOTORS AND DRIVES MARKET, BY OFFERING (Page No. - 95)
6.1 INTRODUCTION
FIGURE 37 HARDWARE SEGMENT HELD LARGER MARKET SHARE IN 2021
TABLE 22 SERVO MOTORS AND DRIVES MARKET, BY OFFERING, 2020–2027 (USD MILLION)
6.2 HARDWARE
TABLE 23 HARDWARE: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
6.2.1 SENSORS
6.2.1.1 Adoption of MEMS-based sensors to boost market growth
6.2.2 CONTROLLER MODULES
6.2.2.1 Controller modules improve efficiency of servo motors by tracking commanded inputs and blocking errors
6.2.3 ENCODERS
6.2.3.1 Increasing demand for industrial robots to boost adoption of high-resolution rotary encoders
6.2.4 ELECTRONIC AMPLIFIERS
6.2.4.1 Development of enhancement-mode GaN field-effect transistor-based class D amplifiers to boost use of electronic amplifiers
6.2.5 OTHER COMPONENTS
6.3 SOFTWARE AND SERVICES
6.3.1 SERVO SOFTWARE AUTOMATE VARIOUS TASKS INVOLVED IN RUNNING AND MONITORING CONNECTED FIELD DEVICES
TABLE 24 SOFTWARE AND SERVICES: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
7 SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE (Page No. - 101)
7.1 INTRODUCTION
FIGURE 38 SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE, 2021
TABLE 25 SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
7.2 SERVO MOTORS
7.2.1 RISING DEMAND FOR CLOSED-LOOP CONTROL TO IMPROVE RELIABILITY OF INDUSTRIAL PROCESSES
TABLE 26 SERVO MOTORS: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
7.3 SERVO DRIVES
7.3.1 GROWING NEED FOR SERVO DRIVES TO CONTROL SERVO MOTORS
TABLE 27 SERVO DRIVES: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
8 SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE (Page No. - 104)
8.1 INTRODUCTION
FIGURE 39 LOW-VOLTAGE SEGMENT HELD LARGEST SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2021
TABLE 28 SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)
8.2 LOW VOLTAGE (BELOW 400 V)
8.2.1 EASE OF OPERATION AND LOW SETUP & MAINTENANCE COSTS TO DRIVE MARKET
TABLE 29 LOW VOLTAGE: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
8.3 MEDIUM VOLTAGE (BETWEEN 400 V AND 690 V)
8.3.1 MEDIUM-VOLTAGE SERVO DRIVES OFFER BENEFITS SUCH AS ECONOMIES OF SCALE AND HIGH RELIABILITY
TABLE 30 MEDIUM VOLTAGE: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
8.4 HIGH VOLTAGE (ABOVE 690 V)
8.4.1 HIGH-VOLTAGE SERVO DRIVES OFFER PROGRAMMABLE SETTINGS THAT LEAD TO IMPROVED QUALITY ASSURANCE
TABLE 31 HIGH VOLTAGE: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
9 SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE (Page No. - 109)
9.1 INTRODUCTION
FIGURE 40 SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE, 2021
TABLE 32 SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE, 2020–2027 (USD MILLION)
9.2 LINEAR SYSTEMS
9.2.1 DIRECT-DRIVE LINEAR SERVO MOTORS OFFER BENEFITS SUCH AS IMPROVED THROUGHPUT AND BETTER PRECISION
TABLE 33 LINEAR SYSTEMS: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
9.3 ROTARY SYSTEMS
9.3.1 NEED TO IMPROVE PRODUCTIVITY OF PROCESSES IN VARIOUS INDUSTRIES TO DRIVE PENETRATION
TABLE 34 ROTARY SYSTEMS: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
10 SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY (Page No. - 113)
10.1 INTRODUCTION
FIGURE 41 PERMANENT MAGNET TECHNOLOGY HELD LARGEST SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2021
TABLE 35 SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY, 2020–2027 (USD MILLION)
10.2 SPRING
10.2.1 SPRING BRAKES ARE MAINLY USED IN ROBOTICS, ELEVATORS, AND LIFTING MACHINES
TABLE 36 SPRING: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
10.3 PERMANENT MAGNET
10.3.1 PERMANENT MAGNET BRAKES IDEAL FOR ROBOTS AND HANDLING EQUIPMENT
TABLE 37 PERMANENT MAGNET: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
10.4 OTHERS
TABLE 38 OTHERS: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
11 SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION (Page No. - 118)
11.1 INTRODUCTION
FIGURE 42 SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION, 2021
TABLE 39 SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION, 2020–2027 (USD MILLION)
11.2 STAINLESS STEEL
11.2.1 ABILITY OF STAINLESS STEEL TO HANDLE HARSH ENVIRONMENTS TO DRIVE DEMAND
TABLE 40 STAINLESS STEEL: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
11.3 OTHERS
TABLE 41 OTHERS: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
12 SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE (Page No. - 121)
12.1 INTRODUCTION
FIGURE 43 SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE, 2021
TABLE 42 SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE, 2020–2027 (USD MILLION)
12.2 FIELDBUS
12.2.1 REDUCTION OF CABLE INSTALLATIONS FOR COMMUNICATION TO DRIVE DEMAND
TABLE 43 FIELDBUS: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
12.3 INDUSTRIAL ETHERNET
12.3.1 FEATURES SUCH AS HIGH-SPEED TRANSMISSION TO DRIVE DEMAND
TABLE 44 INDUSTRIAL ETHERNET: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
12.4 WIRELESS
12.4.1 RELIABLE COMMUNICATION TECHNOLOGIES SUCH AS WLAN AND BLUETOOTH TO DRIVE MARKET
TABLE 45 WIRELESS: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
13 SERVO MOTORS AND DRIVES MARKET, BY END-USER (Page No. - 125)
13.1 INTRODUCTION
FIGURE 44 SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2021
TABLE 46 SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
13.2 AUTOMOTIVE & TRANSPORTATION
13.2.1 NEW TECHNOLOGIES IN MOBILITY TO DRIVE DEMAND
TABLE 47 AUTOMOTIVE & TRANSPORTATION: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
13.3 SEMICONDUCTOR & ELECTRONICS
13.3.1 SERVO MOTORS FACILITATE SEMICONDUCTOR MANUFACTURING PROCESSES
TABLE 48 SEMICONDUCTOR & ELECTRONICS: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
13.4 FOOD PROCESSING
13.4.1 HIGH-PRECISION REQUIREMENTS IN FOOD PROCESSING INDUSTRY TO CREATE DEMAND
TABLE 49 FOOD PROCESSING: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
13.5 TEXTILE
13.5.1 HIGH-QUALITY PRODUCTION OFFERED BY SERVO MOTORS TO ACCELERATE DEMAND
TABLE 50 TEXTILE: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
13.6 PETROCHEMICAL
13.6.1 ABILITY OF SERVO MOTORS TO WORK IN HARSH ENVIRONMENTS TO DRIVE MARKET
TABLE 51 PETROCHEMICAL: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
13.7 PHARMACEUTICAL & HEALTHCARE
13.7.1 REQUIREMENT OF SERVO MOTORS FOR PROPER HANDLING OF PRODUCTION PROCESSES TO DRIVE MARKET
TABLE 52 PHARMACEUTICAL & HEALTHCARE: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
13.8 PACKAGING
13.8.1 NEED FOR SPEED, PRECISION, AND RELIABILITY IN PACKAGING APPLICATIONS TO DRIVE MARKET
TABLE 53 PACKAGING: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
13.9 PRINTING & PAPER
13.9.1 FLEXIBILITY IN PRINTING OPERATIONS TO BOOST DEMAND
TABLE 54 PRINTING & PAPER: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
13.10 OTHERS
TABLE 55 OTHERS: SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
14 REGIONAL ANALYSIS (Page No. - 134)
14.1 INTRODUCTION
FIGURE 45 SERVO MOTORS AND DRIVES MARKET: REGIONAL SNAPSHOT
FIGURE 46 REGIONAL ANALYSIS OF SERVO MOTORS AND DRIVES MARKET, 2021
TABLE 56 SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027 (USD MILLION)
TABLE 57 SERVO MOTORS AND DRIVES MARKET, BY REGION, 2020–2027(MILLION UNITS)
14.2 ASIA PACIFIC
FIGURE 47 ASIA PACIFIC: SNAPSHOT OF SERVO MOTORS AND DRIVES MARKET
14.2.1 BY OFFERING
TABLE 58 ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY OFFERING, 2020–2027 (USD MILLION)
14.2.2 BY PRODUCT TYPE
TABLE 59 ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
14.2.3 BY VOLTAGE
TABLE 60 ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)
14.2.4 BY SYSTEM TYPE
TABLE 61 ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE, 2020–2027 (USD MILLION)
14.2.5 BY BRAKE TECHNOLOGY
TABLE 62 ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY, 2020–2027 (USD MILLION)
14.2.6 BY MATERIAL OF CONSTRUCTION
TABLE 63 ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION, 2020–2027 (USD MILLION)
14.2.7 BY COMMUNICATION TYPE
TABLE 64 ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE, 2020–2027 (USD MILLION)
14.2.8 BY END-USER
TABLE 65 ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.2.9 BY COUNTRY
TABLE 66 ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
14.2.9.1 Japan
14.2.9.1.1 Developments in robotics to drive demand
TABLE 67 JAPAN: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.2.9.2 China
14.2.9.2.1 Rise in demand for electric vehicles to boost market growth
TABLE 68 CHINA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.2.9.3 India
14.2.9.3.1 Government initiatives to automate industries to propel market
TABLE 69 INDIA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.2.9.4 South Korea
14.2.9.4.1 Rise in developments in electric vehicles to boost demand
TABLE 70 SOUTH KOREA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.2.9.5 Rest of Asia Pacific
TABLE 71 REST OF ASIA PACIFIC: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.3 EUROPE
FIGURE 48 EUROPE: SNAPSHOT OF SERVO MOTORS AND DRIVES MARKET
14.3.1 BY OFFERING
TABLE 72 EUROPE: SERVO MOTORS AND DRIVES MARKET, BY OFFERING, 2020–2027 (USD MILLION)
14.3.2 BY PRODUCT TYPE
TABLE 73 EUROPE: SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
14.3.3 BY VOLTAGE
TABLE 74 EUROPE: SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)
14.3.4 BY SYSTEM TYPE
TABLE 75 EUROPE: SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE, 2020–2027 (USD MILLION)
14.3.5 BY BRAKE TECHNOLOGY
TABLE 76 EUROPE: SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY, 2020–2027 (USD MILLION)
14.3.6 BY MATERIAL OF CONSTRUCTION
TABLE 77 EUROPE: SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION, 2020–2027 (USD MILLION)
14.3.7 BY COMMUNICATION TYPE
TABLE 78 EUROPE: SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE, 2020–2027 (USD MILLION)
14.3.8 BY END-USER
TABLE 79 EUROPE: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.3.9 BY COUNTRY
TABLE 80 EUROPE: SERVO MOTORS AND DRIVES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
14.3.9.1 Germany
14.3.9.1.1 Growing demand for passenger cars and light commercial vehicles to drive market
TABLE 81 GERMANY: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.3.9.2 France
14.3.9.2.1 Increasing use of servo robots in automotive industry to spur market growth
TABLE 82 FRANCE: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.3.9.3 UK
14.3.9.3.1 Rising government initiatives such as ‘Made Smarter’ to drive market
TABLE 83 UK: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.3.9.4 Italy
14.3.9.4.1 Surging demand for renewable energy to drive adoption of explosion-proof servo motors
TABLE 84 ITALY: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.3.9.5 Rest of Europe
TABLE 85 REST OF EUROPE: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.4 NORTH AMERICA
FIGURE 49 NORTH AMERICA: SNAPSHOT OF SERVO MOTORS AND DRIVES MARKET
14.4.1 BY OFFERING
TABLE 86 NORTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY OFFERING, 2020–2027 (USD MILLION)
14.4.2 BY PRODUCT TYPE
TABLE 87 NORTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
14.4.3 BY VOLTAGE
TABLE 88 NORTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)
14.4.4 BY SYSTEM TYPE
TABLE 89 NORTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE, 2020–2027 (USD MILLION)
14.4.5 BY BRAKE TECHNOLOGY
TABLE 90 NORTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY, 2020–2027 (USD MILLION)
14.4.6 BY MATERIAL OF CONSTRUCTION
TABLE 91 NORTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION, 2020–2027 (USD MILLION)
14.4.7 BY COMMUNICATION TYPE
TABLE 92 NORTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE, 2020–2027 (USD MILLION)
14.4.8 BY END-USER
TABLE 93 NORTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.4.9 BY COUNTRY
TABLE 94 NORTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
14.4.9.1 US
14.4.9.1.1 Advancements in medical equipment and devices to boost demand
TABLE 95 US: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.4.9.2 Canada
14.4.9.2.1 Adoption of automation in automobile industry to spur market growth
TABLE 96 CANADA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.4.9.3 Mexico
14.4.9.3.1 Adoption of in-line manufacturing by food & beverage industry to drive demand
TABLE 97 MEXICO: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.5 MIDDLE EAST & AFRICA
14.5.1 BY OFFERING
TABLE 98 MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY OFFERING, 2020–2027 (USD MILLION)
14.5.2 BY PRODUCT TYPE
TABLE 99 MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
14.5.3 BY VOLTAGE
TABLE 100 MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)
14.5.4 BY SYSTEM TYPE
TABLE 101 MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE, 2020–2027 (USD MILLION)
14.5.5 BY BRAKE TECHNOLOGY
TABLE 102 MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY, 2020–2027 (USD MILLION)
14.5.6 BY MATERIAL OF CONSTRUCTION
TABLE 103 MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION, 2020–2027 (USD MILLION)
14.5.7 BY COMMUNICATION TYPE
TABLE 104 MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE, 2020–2027 (USD MILLION)
14.5.8 BY END-USER
TABLE 105 MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.5.9 BY COUNTRY
TABLE 106 MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
14.5.9.1 Saudi Arabia
14.5.9.1.1 Initiatives to implement smart manufacturing to drive Industry 4.0 revolution
TABLE 107 SAUDI ARABIA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.5.9.2 South Africa
14.5.9.2.1 Rise in demand for robotics process automation to boost demand
TABLE 108 SOUTH AFRICA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.5.9.3 Rest of Middle East & Africa
TABLE 109 REST OF MIDDLE EAST & AFRICA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.6 SOUTH AMERICA
14.6.1 BY OFFERING
TABLE 110 SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY OFFERING, 2020–2027 (USD MILLION)
14.6.2 BY PRODUCT TYPE
TABLE 111 SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
14.6.3 BY VOLTAGE
TABLE 112 SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)
14.6.4 BY SYSTEM TYPE
TABLE 113 SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY SYSTEM TYPE, 2020–2027 (USD MILLION)
14.6.5 BY BRAKE TECHNOLOGY
TABLE 114 SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY, 2020–2027 (USD MILLION)
14.6.6 BY MATERIAL OF CONSTRUCTION
TABLE 115 SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION, 2020–2027 (USD MILLION)
14.6.7 BY COMMUNICATION TYPE
TABLE 116 SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION TYPE, 2020–2027 (USD MILLION)
14.6.8 BY END-USER
TABLE 117 SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.6.9 BY COUNTRY
TABLE 118 SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
14.6.9.1 Brazil
14.6.9.1.1 Ongoing developments to integrate automation into industries to drive demand
TABLE 119 BRAZIL: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
14.6.9.2 Rest of South America
TABLE 120 REST OF SOUTH AMERICA: SERVO MOTORS AND DRIVES MARKET, BY END-USER, 2020–2027 (USD MILLION)
15 COMPETITIVE LANDSCAPE (Page No. - 173)
15.1 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 121 REVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF SERVO MOTORS AND DRIVES
15.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021
FIGURE 50 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN SERVO MOTORS AND DRIVES MARKET, 2021
TABLE 122 SERVO MOTORS AND DRIVES MARKET: DEGREE OF COMPETITION
FIGURE 51 SERVO MOTORS AND DRIVES MARKET SHARE ANALYSIS, 2021
15.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 52 REVENUE ANALYSIS OF TOP 5 PLAYERS IN SERVO MOTORS AND DRIVES MARKET FROM 2017 TO 2021
15.4 COMPANY EVALUATION MATRIX/QUADRANT
15.4.1 STARS
15.4.2 PERVASIVE PLAYERS
15.4.3 EMERGING LEADERS
15.4.4 PARTICIPANTS
FIGURE 53 SERVO MOTORS AND DRIVES MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2021
15.5 STARTUP/SME EVALUATION QUADRANT
15.5.1 PROGRESSIVE COMPANIES
15.5.2 RESPONSIVE COMPANIES
15.5.3 DYNAMIC COMPANIES
15.5.4 STARTING BLOCKS
FIGURE 54 SERVO MOTORS AND DRIVES MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
15.6 COMPETITIVE BENCHMARKING
TABLE 123 SERVO MOTORS AND DRIVES MARKET: DETAILED LIST OF KEY STARTUP/SMES
TABLE 124 SERVO MOTORS AND DRIVES MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
15.7 SERVO MOTORS AND DRIVES MARKET: COMPANY FOOTPRINT
TABLE 125 SYSTEM TYPE: COMPANY FOOTPRINT
TABLE 126 PRODUCT TYPE: COMPANY FOOTPRINT
TABLE 127 BY END-USER: COMPANY FOOTPRINT
TABLE 128 REGION: COMPANY FOOTPRINT
TABLE 129 COMPANY FOOTPRINT
15.8 COMPETITIVE SCENARIO
TABLE 130 SERVO MOTORS AND DRIVES MARKET: NEW PRODUCT LAUNCHES, NOVEMBER 2020–JULY 2022
TABLE 131 SERVO MOTORS AND DRIVES MARKET: OTHERS, MAY 2022–JUNE 2022
16 COMPANY PROFILES (Page No. - 188)
(Business and Financial Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
16.1 YASKAWA ELECTRIC
TABLE 132 YASKAWA ELECTRIC: BUSINESS OVERVIEW
FIGURE 55 YASKAWA ELECTRIC: COMPANY SNAPSHOT, 2021
TABLE 133 YASKAWA ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 YASKAWA ELECTRIC: PRODUCT LAUNCHES
TABLE 135 YASKAWA ELECTRIC: OTHERS
16.2 MITSUBISHI ELECTRIC
TABLE 136 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
FIGURE 56 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT, 2021
TABLE 137 MITSUBISHI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 138 MITSUBISHI ELECTRIC: OTHERS
16.3 SIEMENS
TABLE 139 SIEMENS: BUSINESS OVERVIEW
FIGURE 57 SIEMENS: COMPANY SNAPSHOT, 2021
TABLE 140 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 141 SIEMENS: PRODUCT LAUNCHES
16.4 SCHNEIDER ELECTRIC
TABLE 142 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 58 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT, 2021
TABLE 143 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
16.5 ROCKWELL AUTOMATION
TABLE 144 ROCKWELL AUTOMATION: BUSINESS OVERVIEW
FIGURE 59 ROCKWELL AUTOMATION: COMPANY SNAPSHOT, 2021
TABLE 145 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 146 ROCKWELL AUTOMATION: PRODUCT LAUNCHES
16.6 ABB
TABLE 147 ABB: BUSINESS OVERVIEW
FIGURE 60 ABB: COMPANY SNAPSHOT, 2021
TABLE 148 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 149 ABB: PRODUCT LAUNCHES
TABLE 150 ABB: OTHERS
16.7 NIDEC
TABLE 151 NIDEC: BUSINESS OVERVIEW
FIGURE 61 NIDEC: COMPANY SNAPSHOT, 2021
TABLE 152 NIDEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 153 NIDEC: PRODUCT LAUNCHES
16.8 DELTA ELECTRONICS
TABLE 154 DELTA ELECTRONICS: BUSINESS OVERVIEW
FIGURE 62 DELTA ELECTRONICS: COMPANY SNAPSHOT, 2021
TABLE 155 DELTA ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 156 DELTA ELECTRONICS: PRODUCT LAUNCHES
16.9 FANUC
TABLE 157 FANUC: BUSINESS OVERVIEW
FIGURE 63 FANUC: COMPANY SNAPSHOT, 2021
TABLE 158 FANUC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
16.10 FUJI ELECTRIC
TABLE 159 FUJI ELECTRIC: BUSINESS OVERVIEW
FIGURE 64 FUJI ELECTRIC: COMPANY SNAPSHOT, 2021
TABLE 160 FUJI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
16.11 KOLLMORGEN
TABLE 161 KOLLMORGEN: BUSINESS OVERVIEW
FIGURE 65 KOLLMORGEN: COMPANY SNAPSHOT, 2021
TABLE 162 KOLLMORGEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 163 KOLLMORGEN: PRODUCT LAUNCHES
16.12 PARKER HANNIFIN CORPORATION
TABLE 164 PARKER HANNIFIN CORPORATION: BUSINESS OVERVIEW
FIGURE 66 PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT, 2021
TABLE 165 PARKER HANNIFIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 166 PARKER HANNIFIN CORPORATION: PRODUCT LAUNCHES
16.13 OMRON CORPORATION (OMRON)
TABLE 167 OMRON CORPORATION (OMRON): BUSINESS OVERVIEW
FIGURE 67 OMRON CORPORATION (OMRON): COMPANY SNAPSHOT, 2021
TABLE 168 OMRON CORPORATION (OMRON): PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 169 OMRON CORPORATION (OMRON): PRODUCT LAUNCHES
16.14 SEW EURODRIVE
TABLE 171 SEW EURODRIVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
16.15 LENZE
TABLE 172 LENZE: BUSINESS OVERVIEW
FIGURE 68 LENZE: COMPANY SNAPSHOT, 2021
TABLE 173 LENZE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 174 LENZE: PRODUCT LAUNCHES
16.16 BOSCH REXROTH
16.17 WEG
16.18 AMETEK
16.19 ROZUM ROBOTICS
16.2 ADTECH (SHENZHEN) TECHNOLOGY CO., LTD.
*Details on Business and Financial Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
17 APPENDIX (Page No. - 242)
17.1 INSIGHTS FROM INDUSTRY EXPERTS
17.2 DISCUSSION GUIDE
17.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.4 CUSTOMIZATION OPTIONS
17.5 RELATED REPORTS
17.6 AUTHOR DETAILS
The study involved major activities in estimating the current size of the servo motors and drives market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the servo motors and drives market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect information useful for a technical, market-oriented, and commercial study of the global servo motors and drives market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The servo motors and drives market comprises several stakeholders such as servo motors and drives manufacturers, boiler manufacturers, manufacturers of subcomponents of servo motors and drives, manufacturing technology providers, and technology support providers in the supply chain. The demand side of this market is characterized by the rising demand of servo motors in the industrial machinery for integration of automation across a wide variety of end users. The supply side is characterized by rising demand for contracts from various industries, and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the servo motors and drives market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
- The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Servo motors and drives Market Size: Top-down Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Objectives of the Study
- To define, describe, segment, and forecast the servo motors and drives market size based on offering, product type, voltages, system type, brake technology, communication type, materials of construction, end-user
- To provide detailed information on the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the servo motors and drives market
- To strategically analyze the servo motors and drives market with respect to individual growth trends, prospects, and contributions of each segment to the market
- To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
- To forecast the revenue of the market segments with respect to 5 main regions (along with countries), namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa
- To strategically profile key players and comprehensively analyze their market ranking and core competencies
- To track and analyze competitive developments such as new product developments, contracts & agreements, investments & expansions, and mergers & acquisitions in the servo motors and drives market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Geographic Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Servo Motors and Drives Market
Would like to know Global Annual Production Volume and Global Annual Sales Amount of each major AC Servo manufacturer. Hope your reports shows above data in the past and future forecast.
DC motor market size, trend, average selling price, Servo motor/drive market size, trend, average selling price
We need Servo Motors and Drives Market supply Voltage data for Low and Medium level. Also for Components like Sensors, Controller Modules, Encoders, Amplifiers.
To seek a simplified report, need only about North America market (servo motor and driver). What could be the price for procuring this level of information . Thanks William
Interested in Tables about Motor Drives in Japan. (especially Table 18) Point 10.14, 10.20, 10.21 (Mitsubishi, Toshiba and Yaskawa). What would be cost of procurring this level of information. Thank you very much.
Dear Sir/Madam This is Rinseki Azuma,a consultant from BCG Tokyo. We are interested in this report, but would like to check if the detail level meets our needs. Can we have more detail explanation of the value chain part(Figure 9 without actual number) and an example of one company from Part 9? Your prompt reply will be appreciated.
I am looking for specific market report about market size & potential of motion control products. In our scope motion control refer to both servo motor & drive, controller,actuators ,etc
Need overview of the marketshare of the different manufacturers in the different regions. This would be very beneficial for our compny. Would like to know more about your report?
Interested in knowing following information : 1.Servo Motor Market ( AC Servo Motor 2012-18) 2. Geographic Analysis 3. Servo Motors And Driver Market. Share with me any sample data if you have any covering this information.
Dear M&M team, I would be interested in details about: 6.2 Servo Motors Market, By Components 6.2.1 Sensors 6.2.1.1 Pressure Sensors 6.2.1.2 Temperature Sensors 6.2.1.3 Position Sensors 6.2.1.4 Image Sensors 6.2.2 Controller Modules 6.2.3 Encoders Thanks& Regards, Benjamin Mang
Would like to know if the report contains production of Servo motors per Manufacturers, i.e. Siemens produced more than250000 servo motors in 2015. Do you have similar numbers for all the manufacturers with updated data.?
I need the market growth and demand analysis data for servo motors and drives specially in india with the latest marekt trends and major companies operating in this business.
Sensorless control of Synchron and Servo Motors. What percentage of servo motors globaly is equiped with IoT and without IoT. State sponsored startup (spinn off of Technical university of Munich), Thank you.
I am particularly interested in China market. In past few years, the use of servo motor in injection molding machine have grown significantly. I do like to know which industries/applications will be the next hotspot for servo motor, and which kind of servo motor do they need. Maybe you could compare China market to a more developed market such as US or Europe to see which application is widely used in the developed market but not in China market. Then it might be the next hotspot we are looking for. Also we want to get detailed information of two companies: Inovance(not in the current report) and Delta Electronics. Wed like to see the strategy and financial data of their servo motor operation.
I would like to know if the report covers followings information: -Product Type: ①Direct Drive Servo(Torque Servo Motor), ②Linear Servo Motor. -Geography: ①China, ②Singapore, ③USA, ③Germany.
Dear Markets-and-Markets in which segements do you divide voltage range for DC brushed, DC brushless and AC brushless servo motors and drives? I especially look for a market report of drives and motors with extra low supply voltage specifically less than 100 volts (DC). With best regards. Walter
I am looking for a report that details servo motor consumption in the United States by major cities and/or state. Can you provide an analysis with this sort of granular detail?
Do you have data for Motor & Drive Component, Software & Service, (AC/DC, Linear Servo Motor, Adjustable Speed Drives. Would be interested after looking at the sample copy of this report.
A team at our facility asked me to get a sample of this report and to ask if it is available at a reduced price. It is older than others we are looking at. Is it available at half price now? Thanks, John