Servo Motors and Drives Market by Offering (Motor & Drive Component, Software & Service), Type (AC/DC, Linear Servo Motor, Adjustable Speed Drives), Voltage Range, MoC, Communication Protocol, Industry, and Geography - Global Forecast to 2022

The servo motors and drives market is expected to grow from USD 10.26 Billion in 2015 to USD 15.92 Billion by 2022, at a CAGR of 6.25% between 2016 and 2022. This report provides the market size and future growth potential of the servo motors and drives market across different segments such as offering, type, voltage range, material of construction, communication protocol, industry, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the servo motors and drives market. The advancement and rapid growth in automation is expected to drive the servo motors and drives market.  The base year considered for the study is 2015 and the market size forecast is provided for the period between 2016 and 2022.

The research methodology used to estimate and forecast the servo motors and drives begins with capturing data on key vendor revenues through secondary research. Some of the secondary sources include associations such as Motion Control Association, Association for Advancing Automation, and Automation Industry Association among others. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global servo motors and drives market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of the primary respondents is depicted in the below figure:

To know about the assumptions considered for the study, download the pdf brochure

The servo motors and drives ecosystem includes raw material suppliers such as Northland Resources AB (Sweden), British Steel Corp. (London), and Nippon Steel Corp. (Japan); manufacturing & packaging; automobile manufacturers; system integrators; distributors such as Camloc Motion Control Ltd. (U.K.), BCS Motion Inc. (U.S.), and Gefran (Italy); and end user industries.

Key Target Audience:

• Raw material suppliers
• Semiconductor component and device manufacturers
• Original equipment manufacturers (OEMs)
• Component and device suppliers and distributors
• Automotive control system integrators
• Automobile manufacturers
• Software, services, and technology providers
• Standardization and testing firms
• Government bodies such as regulating authorities and policy makers
• Associations, organizations, forums, and alliances related to semiconductor and automotive industries Research institutes and organizations
• Market research and consulting firms

Scope of the Report:

The servo motors and drives market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The servo motors and drives market is segmented as follows:

By Offering:

• Motor Components
  • Sensors
  • Controller Modules
  • Encoders
  • Others
• Drive Components
  • Electronic Amplifiers
  • Control System
  • Sensors
  • Others
• Software & Services

By Type:

• Motor Type
  • AC Servo Motors
  • DC Brushless Motors
  • Brushed DC Motors
  • Linear Servo Motors
• Drive Type
  • AC Servo Drives
  • DC Servo Drives
  • Adjustable Speed Drives
  • Others

By Voltage Range:

• Low Voltage
• Medium Voltage

By Material of Construction (MoC):

• Stainless Steel Servo Motors and Drives
• Others

By Communication Protocol:

• Fieldbus
• Industrial Ethernet
• Wireless

By Industry:

• Automotive & Transportation
• Semiconductor & Electronics
• Food Processing
• Textile Machines
• Petrochemicals
• Pharmaceutical & Healthcare
• Packaging
• Printing & Paper
• Others

By Geography:

• Americas
• Europe
• APAC
• RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Application Analysis:

• Market numbers for various sub-segments of application can be given in the customization.

Company Information:

• Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Geography
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Servo Motors and Drives Market
    4.2 Servo Motors and Drives Market in APAC
    4.3 Global Servo Motors and Drives Market, By Offering
    4.4 APAC Countries Expected to Grow at A Significant Rate in the Servo Motors and Drives Market
    4.5 AC Servo Motors Estimated to Hold the Largest Size of the Servo Motors Market Between 2016 and 2022

5 Market Overview (Page No. - 36)
    5.1 Introduction
           5.1.1 Segmentation of the Servo Motors and Drives Market
           5.1.2 Market, By Offering
           5.1.3 Market, By Type
           5.1.4 Market, By Voltage Range
           5.1.5 Market, By Material of Construction (MoC)
           5.1.6 Market, By Communication Protocol
           5.1.7 Market, By Industry
           5.1.8 Market, By Geography
    5.2 Market Dynamics
           5.2.1 Drivers
                     5.2.1.1 Advancement and Rapid Growth in Automation
                     5.2.1.2 Ease of Use and Integration of Motion Control Components in Motors and Drives
                     5.2.1.3 Adoption of Energy-Efficient International Standards
                     5.2.1.4 Regulations on Energy Efficiency
           5.2.2 Restraints
                     5.2.2.1 Risk and Uncertainty in the Market
                     5.2.2.2 Lack of Skilled Workforce and Trained Workers
           5.2.3 Opportunities
                     5.2.3.1 Industrial Revolution 4.0 to Create Opportunities for Servo Motors and Drives Market
                     5.2.3.2 Improved Encoders Create New Possibilities in the Motors and Drives Market
                     5.2.3.3 Emerging Regions for Servo Motors and Drives Market
                     5.2.3.4 Potential for Adjustable Speed Drives
           5.2.4 Challenges
                     5.2.4.1 High Pricing Compared to Stepper Motors
           5.2.5 Burning Issue
                     5.2.5.1 Continuous Depreciation in Oil Prices
           5.2.6 Winning Imperatives
                     5.2.6.1 Increasing Adoption of Wireless Communication Technology for Motors and Drives

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants

7 Servo Motors and Drives Market, By Offering (Page No. - 56)
    7.1 Introduction
    7.2 Motor Components
           7.2.1 Sensors
           7.2.2 Controller Modules
           7.2.3 Encoders
           7.2.4 Other Motor Components
    7.3 Drive Components
           7.3.1 Electronic Amplifiers
           7.3.2 Control Systems
           7.3.3 Sensors
           7.3.4 Other Drive Components
    7.4 Software & Services

8 Servo Motors and Drives Market, By Type (Page No. - 63)
    8.1 Introduction
    8.2 Servo Motors
           8.2.1 AC Servo Motors
           8.2.2 DC Brushless Motors
           8.2.3 Brushed DC Motors
           8.2.4 Linear Servo Motors
    8.3 Servo Drives
           8.3.1 AC Servo Drives
           8.3.2 DC Servo Drives
           8.3.3 Adjustable Speed Drives
           8.3.4 Others

9 Servo Motors and Drives Market, By Voltage Range (Page No. - 76)
    9.1 Introduction
    9.2 Low-Voltage Servo Motors and Drives (Up to 690v)
    9.3 Medium-Voltage Servo Motors and Drives (Above 690v)

10 Servo Motors and Drives Market, By Material of Construction (MoC) (Page No. - 81)
     10.1 Introduction
     10.2 Stainless Steel Servo Motors and Drives
     10.3 Non-Stainless Steel Servo Motors and Drives

11 Servo Motors and Drives Market, By Communication Protocol (Page No. - 86)
     11.1 Introduction
     11.2 Fieldbus
               11.2.1 Profibus
               11.2.2 Modbus
               11.2.3 CC-Link
               11.2.4 Devicenet
               11.2.5 Canopen
               11.2.6 Interbus
               11.2.7 Others (P-Net, Swiftnet, Worldfip)
     11.3 Industrial Ethernet
               11.3.1 Profinet
               11.3.2 Ethernet/IP
               11.3.3 Ethercat
               11.3.4 Modbustcp/IP
               11.3.5 Powerlink
               11.3.6 Sercos III
               11.3.7 CC-Link IE
     11.4 Wireless
               11.4.1 WLAN
               11.4.2 Bluetooth
               11.4.3 WiMAX
               11.4.4 Wireless Hart
               11.4.5 Zigbee
               11.4.6 Others

12 Servo Motors and Drives Market, By Industry (Page No. - 95)
     12.1 Introduction
     12.2 Automotive & Transportation Industry
     12.3 Semiconductors & Electronics Industry
     12.4 Food Processing Industry
     12.5 Textile Industry
     12.6 Petrochemicals Industry
     12.7 Pharmaceutical & Healthcare Industry
     12.8 Packaging Industry
     12.9 Printing & Paper Industry
     12.10 Other Industries

13 Geographic Analysis (Page No. - 119)
     13.1 Introduction
     13.2 Americas
               13.2.1 Increase in Demand for Factory Automation and Technological Advancement in Robotics Expected to Drive the Servo Motors and Drives Market in the Americas
               13.2.2 North America
                           13.2.2.1 U.S.
                           13.2.2.2 Canada
                           13.2.2.3 Mexico
               13.2.3 South America
                           13.2.3.1 Brazil
                           13.2.3.2 Rest of South America
     13.3 Europe
               13.3.1 Automotive & Transportation Industry to Dominate the Servo Motors and Drives Market in the European Region
               13.3.2 Germany
               13.3.3 France
               13.3.4 U.K.
               13.3.5 Italy
               13.3.6 Rest of Europe
     13.4 Asia-Pacific
               13.4.1 APAC to Dominate the Servo Motors and Drives Market
               13.4.2 China
               13.4.3 Japan
               13.4.4 South Korea
               13.4.5 India
               13.4.6 Rest of APAC
     13.5 RoW
               13.5.1 Pharmaceutical & Healthcare and Textile are the Largest Industries for Servo Motors and Drives Market in This Region
               13.5.2 Middle East
               13.5.3 Africa

14 Competitive Landscape (Page No. - 140)
     14.1 Overview
     14.2 Market Ranking Analysis for the Servo Motors and Drives Market, 2015
     14.3 Competitive Situation and Trends
     14.4 Recent Developments
               14.4.1 New Product Launches
               14.4.2 Agreements, Partnerships, and Contracts
               14.4.3 Expansions
               14.4.4 Mergers & ACquisitions

15 Company Profiles (Page No. - 147)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     15.1 Introduction
     15.2 Yaskawa Electric Corp.
     15.3 Mitsubishi Electric Corp.
     15.4 Siemens AG
     15.5 Schneider Electric
     15.6 Rockwell Automation, Inc.
     15.7 ABB Ltd.
     15.8 Delta Electronics, Inc.
     15.9 Emerson Electric Co.
     15.10 FANUC Corp.
     15.11 Kollmorgen Corp.
     15.12 Adtech (Shenzhen) Technology Co., Ltd.
     15.13 Bosch Rexroth AG
     15.14 Kinco Automation Pvt. Ltd.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 182)
     16.1 Insights From Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Introducing RT: Real-Time Market Intelligence
     16.5 Available Customization
     16.6 Related Reports

List of Tables (68 Tables)

Table 1 Porter’s Five Forces Analysis: Intensity of Competitive Rivalry Had the Maximum Impact on the Overall Market in 2015
Table 2 Servo Motors and Drives Market, By Offering, 2013–2022 (USD Million)
Table 3 Servo Motors Market, By Motor Component, 2013–2022 (USD Million)
Table 4 Servo Drives Market, By Component, 2013–2022 (USD Million)
Table 5 Servo Motors and Drives Market, By Type, 2013–2022 (USD Million)
Table 6 Servo Motors Market, By Type, 2013–2022 (USD Million)
Table 7 AC Servo Motors Market, By Industry, 2013–2022 (USD Million)
Table 8 DC Brushless Motors Market, By Industry, 2013–2022 (USD Million)
Table 9 Brushed DC Motors Market, By Industry, 2013–2022 (USD Million)
Table 10 Linear Servo Motors Market, By Industry, 2013–2022 (USD Million)
Table 11 Servo Drives Market, By Type, 2013–2022 (USD Million)
Table 12 AC Servo Drives Market, By Industry, 2013–2022 (USD Million)
Table 13 DC Servo Drives Market, By Industry, 2013–2022 (USD Million)
Table 14 Adjustable Speed Drives Market, By Industry, 2013–2022 (USD Million)
Table 15 Other Drives Market, By Industry, 2013–2022 (USD Million)
Table 16 Servo Motors and Drives Market, By Voltage Range, 2013–2022 (USD Million)
Table 17 Low-Voltage Servo Motors and Drives Market, By Region, 2013–2022 (USD Million)
Table 18 Medium-Voltage Servo Motors and Drives Market, By Region, 2013–2022 (USD Million)
Table 19 Servo Motors and Drives Market, By Material of Construction (MoC), 2013–2022 (USD Million)
Table 20 Market for Stainless Steel Servo Motors and Drives, By Industry, 2013–2022 (USD Million)
Table 21 Market for Non-Stainless Steel Servo Motors and Drives, By Industry, 2013–2022 (USD Million)
Table 22 Servo Motors and Drives Market, By Communication Protocol, 2013–2022 (USD Million)
Table 23 Servo Motors and Drives Market, By Industry, 2013–2022 (USD Million)
Table 24 Servo Motors Market, By Industry, 2013–2022 (USD Million)
Table 25 Servo Drives Market, By Industry, 2013–2022 (USD Million)
Table 26 Servo Motors and Drives Market for Automotive & Transportation Industry, By Region, 2013–2022 (USD Million)
Table 27 Servo Motors Market for Automotive & Transportation Industry, By Motor Type, 2013–2022 (USD Million)
Table 28 Servo Drives Market for Automotive & Transportation Industry, By Drive Type, 2013–2022 (USD Million)
Table 29 Servo Motors and Drives Market for Semiconductors & Electronics Industry, By Region, 2013–2022 (USD Million)
Table 30 Servo Motors Market for Semiconductors & Electronics Industry, By Motor Type, 2013–2022 (USD Million)
Table 31 Servo Drives Market for Semiconductors & Electronics Industry, By Drive Type, 2013–2022 (USD Million)
Table 32 Servo Motors and Drives Market for Food Processing Industry, By Region, 2013–2022 (USD Million)
Table 33 Servo Motors Market for Food Processing Industry, By Motor Type, 2013–2022 (USD Million)
Table 34 Servo Drives Market for Food Processing Industry, By Drive Type, 2013–2022 (USD Million)
Table 35 Servo Motors and Drives Market for Textile Industry, By Region, 2013–2022 (USD Million)
Table 36 Servo Motors Market for Textile Industry, By Motor Type, 2013–2022 (USD Million)
Table 37 Servo Drives Market for Textile Industry, By Drive Type, 2013–2022 (USD Million)
Table 38 Servo Motors and Drives Market for Petrochemicals Industry, By Region, 2013–2022 (USD Million)
Table 39 Servo Motors Market for Petrochemicals Industry, By Motor Type, 2013–2022 (USD Million)
Table 40 Servo Drives Market for Petrochemicals Industry, By Drive Type, 2013–2022 (USD Million)
Table 41 Servo Motors and Drives Market for Pharmaceutical & Healthcare Industry, By Region, 2013–2022 (USD Million)
Table 42 Servo Motors Market for Pharmaceutical & Healthcare Industry, By Motor Type, 2013–2022 (USD Million)
Table 43 Servo Drives Market for Pharmaceutical & Healthcare Industry, By Drive Type, 2013–2022 (USD Million)
Table 44 Servo Motors and Drives Market for Packaging Industry, By Region, 2013–2022 (USD Million)
Table 45 Servo Motors Market for Packaging Industry, By Motor Type, 2013–2022 (USD Million)
Table 46 Servo Drives Market for Packaging Industry, By Drive Type, 2013–2022 (USD Million)
Table 47 Servo Motors and Drives Market for Printing & Paper Industry, By Region, 2013–2022 (USD Million)
Table 48 Servo Motors Market for Printing & Paper Industry, By Motor Type, 2013–2022 (USD Million)
Table 49 Servo Drives Market for Printing & Paper Industry, By Drive Type, 2013–2022 (USD Million)
Table 50 Servo Motors and Drives Market for Other Industries, By Region, 2013–2022 (USD Million)
Table 51 Servo Motors Market for Other Industries, By Motor Type, 2013–2022 (USD Million)
Table 52 Servo Drives Market for Other Industries, By Drive Type, 2013–2022 (USD Million)
Table 53 Servo Motors and Drives Market, By Region, 2013–2022 (USD Million)
Table 54 Servo Motors and Drives Market in Americas, By Region, 2013–2022 (USD Million)
Table 55 Servo Motors and Drives Market in Americas, By Industry, 2013–2022 (USD Million)
Table 56 Servo Motors and Drives Market in North America, By Country, 2013–2022 (USD Million)
Table 57 Servo Motors and Drives Market in South America, By Country, 2013–2022 (USD Million)
Table 58 Servo Motors and Drives Market in Europe, By Country, 2013–2022 (USD Million)
Table 59 Servo Motors and Drives Market in Europe, By Industry, 2013–2022 (USD Million)
Table 60 Servo Motors and Drives Market in APAC, By Country, 2013–2022 (USD Million)
Table 61 Servo Motors and Drives Market in APAC, By Industry, 2013–2022 (USD Million)
Table 62 Servo Motors and Drives Market in RoW, By Region, 2013–2022 (USD Million)
Table 63 Servo Motors and Drives Market in RoW, By Industry, 2013–2022 (USD Million)
Table 64 Market Ranking of the Top 5 Players in the Servo Motors and Drives Market, 2015
Table 65 New Product Launches, 2012–2016
Table 66 Agreements, Partnerships, & Contracts, 2012–2016
Table 67 Expansions, 2012–2016
Table 68 Mergers & Acquisitions, 2012–2016
 
 
List of Figures (82 Figures)
 
Figure 1 Servo Motors and Drives Market, Segmentation
Figure 2 Servo Motors and Drivers Market: Research Design
Figure 3 Research Flow
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Servo Drives Market Expected to Grow at the Highest Rate During the Forecast Period
Figure 8 Software & Services Market Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Servo Motors and Drives Market for Packaging Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 APAC Accounted for the Largest Market Share in the Servo Motors and Drives Market in 2015
Figure 11 Improved Encoders Create New Opportunities for the Servo Motors and Drives Market During the Forcast Period
Figure 12 China Held the Largest Share of the Servo Motors and Drives Market in APAC in 2015
Figure 13 Software & Services Market for Servo Motors and Drives Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 14 China Held the Largest Share of the Servo Motors and Drives Market in 2015
Figure 15 AC Servo Motors Held the Largest Size of the Servo Motors Market in 2015
Figure 16 Servo Motors and Drives Market, By Geography
Figure 17 Advancement and Rapid Growth in Automation Drives the Market for Servo Motors and Drives
Figure 18 Industrial Control and Factory Automation Market, 2013–2020 (USD Billion)
Figure 19 Smart Factory Market, 2013–2022 (USD Billion)
Figure 20 Global Crude Oil Prices, 2005–2015 (USD Per Barrel)
Figure 21 Value Chain Analysis (2015): Servo Motors and Drives Market
Figure 22 The Porter’s Five Forces Analysis (2015)
Figure 23 Servo Motors and Drives Market: Porter’s Five Forces Analysis, 2015
Figure 24 High Impact of Intensity of Competitive Rivalry on the Servo Motors and Drives Market
Figure 25 Medium Impact of Threat of Substitutes on the Servo Motors and Drives Market
Figure 26 Medium Impact of Bargaining Power of Buyers on the Servo Motors and Drives Market
Figure 27 Low Impact of Bargaining Power of Suppliers on the Servo Motors and Drives Market
Figure 28 Medium Impact of Threat of New Entrants on the Servo Motors and Drives Market
Figure 29 Servo Motors and Drives Market, By Offering
Figure 30 Software & Services Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 31 Servo Motors and Drives Market, By Type
Figure 32 Linear Servo Motors Market Estimated to Grow at the Highest Rate Between 2016 and 2022
Figure 33 Linear Servo Motor Market for Packaging Industry is Estimated to Grow at A Highest CAGR Between 2016 and 2022
Figure 34 AC Servo Drives is Expected to Hold the Largest Market Share During the Forecast Period
Figure 35 Automotive & Transportation Industry to Dominate the AC Servo Drive Market During the Forecast Period
Figure 36 Servo Motors and Drives Market, By Voltage Range
Figure 37 Low-Voltage Servo Motors and Drives Estimated to Hold the Largest Market Share in 2016
Figure 38 APAC to Dominate the Low-Voltage Servo Motors and Drives Market During the Forecast Period
Figure 39 Servo Motors and Drives Market, By Material of Construction (MoC)
Figure 40 Packaging Industry Expected to Grow at the Highest Rate During the Forecast Period in the Stainless Steel Servo Motors and Drives Market in 2015
Figure 41 Servo Motors and Drives Market, By Communication Protocol
Figure 42 Market for Servo Motors and Drives Based on Wireless Communication Protocol to Grow at the Highest Rate Between 2016 and 2022
Figure 43 Fieldbus Communication Protocol, By Type
Figure 44 Industrial Ethernet Protocol, By Type
Figure 45 Wireless Communication Protocol, By Type
Figure 46 Servo Motors and Drives Market, By Industry
Figure 47 Servo Motors and Drives Market for Packaging Industry to Grow at the Highest Rate During the Forecast Period
Figure 48 APAC Region to Dominate the Servo Motors and Drives Market for Automotive & Transportation Industry in 2016
Figure 49 AC Servo Motors Market to Hold the Largest Share of the Semiconductor & Electronics Industry in 2016
Figure 50 AC Servo Drives Market to Hold the Largest Market Share of the Food Processing Industry in 2016
Figure 51 Servo Motors and Drives Market for Textile Industry in Americas Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 52 APAC to Hold the Largest Market Share of the Servo Motors and Drives Market for Petrochemicals Industry in 2016
Figure 53 AC Servo Motor Market Expected to Dominate the Pharmaceutical & Healthcare Industry During the Forecast Period
Figure 54 Servo Motors and Drives Market for Packaging Industry in APAC is Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 55 Brushed DC Motors Market for Printing & Paper Industry Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 56 Servo Motors and Drives Market, By Geography
Figure 57 Servo Motors and Drives Market, Geographic Snapshot
Figure 58 Americas: Servo Motors and Drives Market Snapshot
Figure 59 Automotive & Transportation Industry to Hold the Largest Share of the Servo Motors and Drives Market in Americas in 2016
Figure 60 Europe: Servo Motors and Drives Market Snapshot
Figure 61 Germany Estimated to Dominate the European Servo Motors and Drives Market Throughout the Forecast Period
Figure 62 Asia-Pacific: Servo Motors and Drives Market Snapshot
Figure 63 Servo Motors and Drives Market in India Expected to Grow at the Highest Rate in the APAC Region During the Forecast Period
Figure 64 Packaging Industry Expected to Grow at the Highest Rate in the Servo Motors and Drives Market in RoW Between 2016 and 2022
Figure 65 New Product Launches—The Key Strategy Adopted By the Key Players Between 2012 and 2016
Figure 66 Servo Motors and Drives Market Evaluation Framework, 2014-2016
Figure 67 Battle for Market Share: “New Product Launches” Was the Key Strategy
Figure 68 Geographic Revenue Mix of Major Market Players
Figure 69 Yaskawa Electric Corp.: Company Snapshot
Figure 70 Yaskawa Electric Corp.: SWOT Analysis
Figure 71 Mitsubishi Electric Corp.: Company Snapshot
Figure 72 Mitsubishi Electric Corp.: SWOT Analysis
Figure 73 Siemens AG: Company Snapshot
Figure 74 Siemens AG: SWOT Analysis
Figure 75 Schneider Electric: Company Snapshot
Figure 76 Schneider Electric: SWOT Analysis
Figure 77 Rockwell Automation Inc.: Company Snapshot
Figure 78 Rockwell Automation.: SWOT Analysis
Figure 79 ABB Ltd.: Company Snapshot
Figure 80 Delta Electronics, Inc.: Company Snapshot
Figure 81 Emersion Electric Co.: Company Snapshot
Figure 82 FANUC Corp.: Company Snapshot

According to the MarketsandMarkets forecast, the servo motors and drives market size, in terms of value, is expected to grow from USD 10.26 Billion in 2015 to USD 15.92 Billion by 2022, at a CAGR of 6.25% between 2016 and 2022. The major growth drivers for the servo motors and drives market include the advancement and rapid growth in automation, adoption of energy-efficient international standards, ease of use, integration of motion control components in motors and drives, and regulations on energy efficiency.

The scope of this report covers the servo motors and drives market based on offering, type, material of construction, voltage range, communication protocol, industry, and geography. The servo motors and drives market for the automotive & transportation industry is expected to hold the largest market share during the forecast period. The market for packaging industry is expected to grow at the highest rate during the forecast period.

The servo motors and drives market for the automotive & transportation industry held the largest size in terms of value in 2015. Rapid changes in terms of manufacturing technology, innovation, and technical advancement in automotive industry are expected to drive the market for servo motors and drives. There is a high demand for servo drives, controllers, and motors across the globe, as they help enhance the efficiency of production and manufacturing facilities in the automotive industry.

The market for linear servo motors is expected to grow at the highest CAGR between 2016 and 2022. The demand for linear servo motors is increasing because of its growing applications in areas such as semiconductors & electronics, manufacturing machines, machine tools, food processing, packaging machines, textile machines, robotics, chip mounters, and many other automation industries.

The medium voltage servo motors and drives segment is expected to grow at a highest CAGR between 2016 and 2022. This is attributed to the growing demand of medium voltage motors and drives form industries such as metal, mining, power generation, and water & wastewater treatment.

The market for stainless steel servo motors and drives is expected to grow at a highest CAGR between 2016 and 2022. The increasing demand for stainless steel from food processing and pharmaceutical and healthcare industries is a major driving factor for the growth of the market for stainless steel servo motors and drives.

The APAC held a major share of the servo motors and drives market, mainly because growth is increasing industrial activity along with the demand for faster and accurate motors and drives to achieve a higher production output. Massive investment in the manufacturing industry is driving the growth of the servo motors and drives market in the region. The APAC held the largest share of the global servo motors and drives market in 2015 and is expected to witness the highest CAGR during the forecast period.

The major challenge for the companies in the market is risk and uncertainty in the market and lack of skilled workforce and trained workers. The major vendors in the servo motors and drives market include Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Schneider Electric (France), and Rockwell Automation Inc. (U.S.). These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansion to cater to the needs of the servo motors and drives market.

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