Servo Motors and Drives Market

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

Report Code: EP 7814 Oct, 2022, by marketsandmarkets.com

[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.

Servo Motors and Drives Market

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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

Servo Motors and Drives Market Size, and Share

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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.

Servo Motors and Drives Market Size, and Share

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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Scope of the Report

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2021

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

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, the servo motors and drives market has been segmented as follows:

  • Hardware
  • Software and Services

On the basis of product type, the servo motors and drives market has been segmented as follows:

  • Servo Motors
  • Servo Drives

On the basis of voltage, the servo motors and drives market has been segmented as follows:

  • Low Voltage
  • Medium Voltage
  • High Voltage

On the basis of by system type, the servo motors and drives market has been segmented as follows:

  • Linear
  • Rotary

On the basis of by brake technology, the servo motors and drives market has been segmented as follows:

  • Spring
  • Permanent magnet
  • Others

On the basis of by communication type, the servo motors and drives market has been segmented as follows:

  • Fieldbus
  • Industrial Ethernet
  • Wireless

On the basis of by material of construction, the servo motors and drives market has been segmented as follows:

  • Stainless steel
  • Others

On the basis of by end user, the servo motors and drives market has been segmented as follows:

  • Automotive and transportation
  • Semiconductor and Electronics
  • Food Processing
  • Textile
  • Petrochemical
  • Pharmaceutical and Healthcare
  • Packaging
  • Printing and Paper
  • Others

On the basis of region, the servo motors and drives market has been segmented as follows:

  • 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.

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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:

Servo Motors and Drives Market Size, and Share

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

Servo Motors and Drives Market Size, and Share

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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)
Servo Motors and Drives Market Size,  Share & Growth Report
Report Code
EP 7814
Published ON
Oct, 2022
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