Servo Motors and Drives Market

Servo Motors and Drives Market by Offering (Hardware, Software and Services), Product Type (Servo Motors, Servo Drives), System, Voltage, Communication Protocol, Brake Technology, Material of Construction, Industry, and Region - Global Forecast to 2025

Report Code: SE 1990 May, 2020, by marketsandmarkets.com

[212 Pages Report] The servo motors and drives market is projected to grow from USD 13.9 billion in 2020 to USD 16.8 billion by 2025; it is expected to grow at a CAGR of 4.0% from 2020 to 2025. Key factors fueling the growth of this market include the growing automation in factories, rising adoption of international standards for motor efficiency, development of user-friendly motion control libraries and packages for motors and drives, and increasing production of vehicles.

Servo Motors and Drives Market

The hardware segment accounted for the larger share of the servo motors and drives market in 2019.

Among offerings, the hardware segment accounted for the larger share of the servo motors and drives market in 2019. The growth of this segment can be attributed to the widespread use of servo motor and drive components, which together constitute the hardware segment. Rapid growth and advancements in industrial automation, along with the increasing implementation of technologies such as cloud computing, Internet of Things (IoT), and artificial intelligence (AI), have boosted the market growth for servo motors and drives. Moreover, development of low inertia and highly dynamic servo motors is further expected to drive their market globally.

Among system, the rotary segment accounted for the largest share of the servo motors and drives market in 2019.

The rotary systems segment accounted for the larger share of the servo motors and drives market in 2019. Rotary servo motors allow interaction between all the magnets and windings in all positions. This results in low installation costs of the rotary servo motor in comparison with linear servo motor. Rotary servo motors offer benefits such as high-resolution precision feedback, low energy consumption, high response, and high torque density. This makes them useful for applications in food processing, packaging, healthcare, and transportation industries. High adoption of customized rotary servo motors, which involve reasonable customization, has led to their penetration across various industries.

Based on brake technology, the permanent magnet brake technology accounted for the largest share of the servo motors and drives market in 2019.

The permanent magnet segment accounted for the largest share of the servo motors and drives market in 2019. Permanent magnet brakes are small and lightweight, resulting in large torque per size density. This has made them highly useful for applications requiring zero backlash, such as pick-and-place robots and other applications in the pharmaceuticals & healthcare industry. The increased use of permanent magnet brakes in industries such as automotive & transportation, pharmaceuticals & healthcare, textile, and packaging has propelled their market growth.  

Among communication protocols, the Fieldbus segment accounted for the largest share of the servo motors and drives market in 2019.

The Fieldbus segment accounted for the largest share of the servo motors and drives market in 2019. Fieldbus supports various network topologies, such as star, ring, daisy-chain, branch, and tree. Fieldbus benefits from reduced wiring as it communicates through a single cable, resulting in high network speed. Examples of Fieldbus protocols include INTERBUS, FOUNDATION Fieldbus, PROFIBUS, MODBUS, CC-Link, DeviceNet, and CANopen.

Based on material of construction, others segment accounted for the largest share of the servo motors and drives market in 2019.

In 2019, the others segment accounted for the largest share of the servo motors and drives market, by material of construction. The other materials used in the design and manufacturing of servo motors and drives include carbon steel and aluminum. The low cost of the servo motors and drives built using these materials has led to their market growth. Servo motors and drives constructed from non-stainless steel material have the ability to withstand dust, high-pressure washdown water jets, and corrosion prevention. This has increased the adoption of servo motors and drives with aluminum housing, which are Teflon coated and hard coat anodized,in various industries, such as packaging, food processing, pharmaceuticals & healthcare, and petrochemicals.

Based on industry, automotive & transportation segment accounted for the largest share of the servo motors and drives market in 2019.

The automotive & transportation industry accounted for the largest share of the servo motors and drives market in 2019. Servo motors and drives are used in various automotive control systems, such as fuel injection systems, anti-lock braking systems, cruise control systems, and pedal systems, to control vehicle speed. Motion control systems having servo mechanisms also find use in manufacturing processes, such as auto body painting, vehicle assembling, material handling, automated guided vehicle (AGV) chassis marriage systems, and assembly presses. Servo motors and drives are central to various reforms that are aimed at enhancing the speed, accuracy, and productivity of manufacturing in the transportation industry. Servo systems improve the logistics and supply chain processes through their use in robotics and various control systems, thereby, driving their demand in transportation industry.

Servo Motors and Drives Market

APAC is projected to hold the largest share of the servo motors and drives market in 2025.

APAC is expected to hold the largest share of the servo motors and drives market in 2025. Massive investments in industrial automation to enhance the operations of the manufacturing industry are driving the growth of the servo motors and drives market in the region. This has led to growing industrialization along with the rising use of robots to achieve high productivity and efficiency in industrial applications. The high demand for consumer electronics, including smartphones, home appliances, smart home devices, and wearable devices, has resulted in the adoption of flexible flow line manufacturing processes, including the use of robot arms, which is expected to further drive the demand for servo motors and drives in the region. The demand for energy-efficient automobiles, such as electric vehicles and hybrid vehicles, owing to the formulation of environmental norms by governments of different countries has also led to the adoption of high adoption of DC servo motors in APAC region. These factors are expected to further encourage the adoption of servo motors and drives in the APAC region.

Key Market Players

Yaskawa Electric (Japan), Siemens AG (Germany), Mitsubishi Electric (Japan), Schneider Electric (France), Rockwell Automation (US), ABB (Switzerland), Nidec Corporation (Japan), Fuji Electric (Japan), Delta Electronics (Taiwan), and FANUC Corporation (Japan) are a few leading companies operating in the servo motors and drives market. These companies have adopted both organic and inorganic growth strategies such as product launches and developments, partnerships, and acquisitions to strengthen their position in the market.

Scope of the Report:

Report Metric

Details

Market Size Available for Years

2018–2025

Base Year

2019

Forecast Period

2020–2025

Forecast Unit

Value (USD Million/Billion)

Segments Covered

Offering, Product Type, System, Voltage, Communication Protocol, Brake Technology, Material of Construction, Industry, and Region

Geographic Regions Covered

APAC, Americas, Europe, and RoW

Companies Covered

Yaskawa Electric (Japan), Siemens AG (Germany), Mitsubishi Electric (Japan), Schneider Electric (France), Rockwell Automation (US), ABB (Switzerland), Nidec Corporation (Japan), Fuji Electric (Japan), Delta Electronics (Taiwan), FANUC Corporation (Japan),

This report categorizes the servo motors and drives market based on offering, product type, system, voltage, communication protocol, brake technology, material of construction, industry, and region.

Servo Motors and Drives Market, by Offering:

  • Hardware
  • Software and Services

Servo Motors and Drives Market, by Product Type:

  • Servo Motors
  • Servo Drives

Servo Motors and Drives Market, by System:

  • Linear System
  • Rotary System

Servo Motors and Drives Market, by Voltage:

  • Low Voltage
  • Medium Voltage
  • Large Voltage

Servo Motors and Drives Market, by Communication Protocol:

  • Fieldbus
  • Industrial Ethernet
  • Wireless

Servo Motors and Drives Market, by Brake Technology:

  • Spring
  • Permanent Magnet
  • Others

Servo Motors and Drives Market, by Material of Construction:

  • Stainless Steel
  • Others

Servo Motors and Drives Market, by Industry:

  • Automotive & Transportation
  • Semiconductor & Electronics
  • Food Processing
  • Textile
  • Petrochemicals
  • Packaging
  • Pharmaceuticals & Healthcare
  • Printing & Paper
  • Others (includes energy & power, cement, steel, and furniture & wood)

Servo Motors and Drives Market, by Geography:

  • Americas
    • North America
    • South America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Rest of APAC
  • RoW
    • Middle East
    • Africa

Major Market Developments

  • In March 2020, Rockwell Automation released fanless Kinetix VPC servo motors. The new servo motors offer better performance and higher energy efficiencies than the older version of VPC continuous duty servo motor, and achieve IE5 energy-efficiency ratings. The new products reduce torque ripple and find use in high-quality printing, tensioning, and other application-specific tasks.
  • In November 2019, Siemens launched the Simatic Micro F-TM servo drive. The new drive has a protective extra low voltage range of 24 to 48 volts, and provides dynamic and accurate positioning. The servo drive system can be used for positioning tasks, automated guided vehicle systems (AGVS), and production machines.
  • In November 2019, Schneider Electric launched its new smart factory facility in Bangalore, India. The new facility is aimed at reinforcing the company’s commitment to the Make in India program and facilitate energy efficiency, reduce operational costs, and sustainable development in the manufacturing sector.
  • In July 2019, Mitsubishi Electric announced the acquisition of Akribis System Pte Limited, a Singapore-based manufacturer of linear servo motor and linear stages. This buyout aims to strengthen the factory automation products portfolio of Mitsubishi Electric and increase its global market share.
  • In August 2018, Yaskawa Electric completed the acquisition, gaining 100% ownership of Yaskawa Siemens Automation & Drives Corporation, a joint venture company between Yaskawa and the automation and drives division of Siemens AG (Munich, Germany). Through the acquisition, Yaskawa aims at strengthening the current industrial drive systems product portfolio embodying the concepts of i3-mechatronics in its products.
  • In July 2018, Mitsubishi Electric announced its strategic partnership with Instrumentation Technology and Economy Institute (ITEI) (China) along with Mitsubishi Electric Automation (China). The partnership is aimed at promoting standard intelligent manufacturing processes throughout China as part of the Made in China 2025 program.
  • In April 2018, Nidec Corporation released its new Unidrive M750 servo series. The new servo drive delivers ultimate motor control flexibility and performance. It finds use in high overload, pulse duty applications while providing continuous servo control and induction motor control. The servo drive also offers a high level of compactness, making it possible for the drive to even fit within shallow 200 mm cabinets. 
  • In July 2017, ABB announced the completion of its acquisition of Bernecker & Rainer Industrie Electronik GmbH (B&R) (Eggelsberg, Austria), a manufacturer of automation technology for machines and factory control systems. The acquisition aimed at broadening the machine and factory automation portfolio of ABB and strengthening its position as the second-largest industrial automation player globally. 

Key Questions Addressed by the Report

  • Where will all these developments take the industry to in the mid to long term?
  • What are the upcoming trends in the servo motors and drives market?
  • What are the opportunities for the existing players and for those who are planning to enter various stages of the servo motors and drives value chain?
  • How inorganic growth strategies implemented by key players are expected to impact the growth of the servo motors and drives market, and who will have the undue advantage?
  • What are the emerging applications of servo motors and drives?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 PACKAGING SIZE
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primary interviews
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size using bottom-up approach (demand side)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size using top-down approach (supply side)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 38)

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN SERVO MOTORS AND DRIVES MARKET
    4.2 SERVO MOTORS AND DRIVES MARKET, BY COUNTRY
    4.3 SERVO MOTORS AND DRIVES MARKET, BY SYSTEM
    4.4 SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION PROTOCOL
    4.5 SERVO MOTORS AND DRIVES MARKET IN APAC, BY INDUSTRY AND COUNTRY

5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing automation in factories
                    5.2.1.2 Rising adoption of international standards for motor efficiency
                    5.2.1.3 Development of user-friendly motion control libraries and packages in motors and drives
                    5.2.1.4 Increasing production of vehicles
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of skilled workforce
                    5.2.2.2 High capital costs and availability of alternative solutions
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for encoders with multiple variants
                    5.2.3.2 Growing adoption of smart factories
                    5.2.3.3 Surging implementation of wireless technologies in servo motors and drives
           5.2.4 CHALLENGES
                    5.2.4.1 Volatility in oil prices
                    5.2.4.2 Servo motors and drives that consume high amounts of energy

6 INDUSTRY TRENDS (Page No. - 56)
    6.1 VALUE CHAIN ANALYSIS
    6.2 IMPACT OF COVID-19 ON SERVO MOTORS AND DRIVES MARKET
    6.3 MOSFET SEMICONDUCTOR- AND GAN SEMICONDUCTOR-BASED SERVO CONTROLLERS
           6.3.1 MOSFET SEMICONDUCTOR-BASED SERVO CONTROLLERS
           6.3.2 GAN SEMICONDUCTOR-BASED SERVO CONTROLLERS

7 SERVO MOTORS AND DRIVES MARKET, BY OFFERING (Page No. - 60)
    7.1 INTRODUCTION
    7.2 HARDWARE
           7.2.1 SENSORS
                    7.2.1.1 Adoption of MEMS-based sensors is expected to boost market for sensors used in servo motors and drives
           7.2.2 CONTROLLER MODULES
                    7.2.2.1 Controller modules improve efficiency of servo motors by tracking commanded inputs, blocking errors, and enhancing output mechanism of servo systems
           7.2.3 ENCODERS
                    7.2.3.1 Increasing demand for industrial robots to boost adoption of high-resolution rotary encoders
           7.2.4 ELECTRONIC AMPLIFIERS
                    7.2.4.1 Development of enhancement-mode GaN (eGaN) field-effect transistor (FET)-based class D amplifiers and traveling wave tube (TWT)-based RF instrumentation amplifiers to boost use of electronic amplifiers
           7.2.5 OTHER COMPONENTS
    7.3 SOFTWARE AND SERVICES
           7.3.1 SERVO SOFTWARE AUTOMATE THE VARIOUS TASKS INVOLVED IN RUNNING AND MONITORING OF CONNECTED FIELD DEVICES NETWORK.

8 SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE (Page No. - 69)
    8.1 INTRODUCTION
    8.2 SERVO MOTORS
           8.2.1 AC SERVO MOTORS
                    8.2.1.1 AC servo motors are suitable for low-noise applications
           8.2.2 DC SERVO MOTORS
                    8.2.2.1 DC brushless servo motors
                               8.2.2.1.1 Advancements in outer rotor and smart connected motors to drive brushless DC servo motors market
                    8.2.2.2 Brushed DC servo motors
                               8.2.2.2.1 Brushed DC servo motors are used in products requiring torque during acceleration and deceleration
    8.3 SERVO DRIVES
           8.3.1 AC SERVO DRIVES
                    8.3.1.1 Heightened demand from various motion control applications to drive AC servo drives market
           8.3.2 DC SERVO DRIVES
                    8.3.2.1 DC servo drives are used in motion control applications
           8.3.3 ADJUSTABLE SPEED DRIVE
                    8.3.3.1 Adjustable speed drives are useful in applications requiring variable speed and torque

9 SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE (Page No. - 83)
    9.1 INTRODUCTION
    9.2 LOW-VOLTAGE SERVO MOTORS AND DRIVES (BELOW 400V)
           9.2.1 EASE OF OPERATION, LOW SETUP AND MAINTENANCE COSTS, AND HIGH RELIABILITY ARE EXPECTED TO DRIVE LOW-VOLTAGE SERVO MOTORS AND DRIVES MARKET
    9.3 MEDIUM-VOLTAGE SERVO MOTORS AND DRIVES (BETWEEN 400V AND 690V)
           9.3.1 MEDIUM-VOLTAGE SERVO DRIVES OFFER BENEFITS SUCH AS ECONOMIES OF SCALE, HIGH RELIABILITY, LOW CURRENT FLOW, USE OF SMALLER CABLES, AND LOW SYSTEM COST
    9.4 HIGH-VOLTAGE SERVO MOTORS AND DRIVES (ABOVE 690V)
           9.4.1 HIGH-VOLTAGE SERVO DRIVES OFFER PROGRAMMABLE SETTINGS THAT LEAD TO IMPROVED QUALITY ASSURANCE AND HARMONICS ANALYSIS

10 SERVO MOTORS AND DRIVES MARKET, BY SYSTEM (Page No. - 88)
     10.1 INTRODUCTION
     10.2 LINEAR SYSTEM
             10.2.1 DIRECT DRIVE LINEAR SERVO MOTORS OFFER BENEFITS SUCH AS IMPROVED THROUGHPUT AND BETTER PRECISION
     10.3 ROTARY SYSTEM
             10.3.1 DEMAND FOR STAINLESS STEEL, FOOD-GRADE, INGRESSION PROTECTION (IP) GRADE, AND HYGIENIC SERVO MOTORS HAS LED TO INCREASING PENETRATION OF ROTARY SERVO SYSTEMS

11 SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY (Page No. - 92)
     11.1 INTRODUCTION
     11.2 SPRING
             11.2.1 SPRING BRAKES ARE USEFUL FOR VARIOUS APPLICATIONS, INCLUDING ROBOTICS, ELEVATORS, AND LIFTING MACHINES, DUE TO THEIR SIMPLE DESIGN
     11.3 PERMANENT MAGNET
             11.3.1 PERMANENT MAGNET BRAKES ARE IDEAL FOR ROBOTS AND HANDLING EQUIPMENT DUE TO THEIR LIGHT WEIGHT AND COMPACT DESIGN
     11.4 OTHERS
             11.4.1 GROWING ADOPTION OF VACUUM HYDRAULIC BRAKES FOR SERVOS MOTOR HAS BOOSTED HYDRAULIC BRAKES MARKET

12 SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION (Page No. - 96)
     12.1 INTRODUCTION
     12.2 STAINLESS STEEL SERVO MOTORS AND DRIVES
             12.2.1 STAINLESS STEEL SERVO MOTORS ARE BEST SUITED FOR USE IN CORROSIVE AND EXTREME ENVIRONMENTS IN HIGH-POWER INDUSTRIES
     12.3 OTHER SERVO MOTORS AND DRIVES
             12.3.1 AUTOMOTIVE & TRANSPORTATION INDUSTRY PROJECTED TO ACCOUNT FOR LARGEST SIZE OF OTHER SERVO MOTORS AND DRIVES MARKET IN 2025

13 SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION PROTOCOL (Page No. - 100)
     13.1 INTRODUCTION
     13.2 FIELDBUS
             13.2.1 PROFIBUS
                        13.2.1.1 PROFIBUS offers benefits such as low investment, high network speed, low operating and maintenance costs, and high productivity of plant machinery
             13.2.2 MODBUS
                        13.2.2.1 Ease of use and high reliability has led to adoption of MODBUS protocol for building management systems (BMS) and industrial automation systems (IAS)
             13.2.3 CC-LINK
                        13.2.3.1 CC-Link IE time-sensitive networking (TSN) has made it feasible to build flexible Internet of Things (IoT) systems
             13.2.4 DEVICENET
                        13.2.4.1 DeviceNet is used for device-level control and information networking for PLCs, sensors, conveyors, and motors
             13.2.5 CANOPEN
                        13.2.5.1 Integration of CANopen system is easy and flexible due to presence of standardized communication network
             13.2.6 INTERBUS
                        13.2.6.1 Presence of fewer protocol overheads has led to increased demand for INTERBUS network protocol
             13.2.7 OTHERS (P-NET, SWIFTNET)
                        13.2.7.1 P-NET network offers benefits such as short response time and bus length of up to 1 km
     13.3 INDUSTRIAL ETHERNET
             13.3.1 PROFINET
                        13.3.1.1 PROFINET offers advanced network architecture with one bus for everything, resulting in flexible network topologies
             13.3.2 ETHERNET/IP
                        13.3.2.1 Ethernet/IP is a leading industrial protocol used in process industries and other industrial automation applications
             13.3.3 ETHERCAT
                        13.3.3.1 EtherCAT offers short cycle times, low hardware costs, and support for multiple network topologies for accurate synchronization
             13.3.4 POWERLINK
                        13.3.4.1 POWERLINK offers accurate time synchronization of all nodes in a network, resulting in its high demand for machine and plant engineering applications
             13.3.5 SERCOS III
                        13.3.5.1 SERCOS III allows operation of Ethernet/IP, TC/IP, and SERCOS devices over a single Ethernet cable
             13.3.6 CC-LINK IE
                        13.3.6.1 CC-Link IE offers benefits such as flexible network topology, ultra-high speed, highly reliable control network, and seamless networking using remote engineering tools
     13.4 WIRELESS
             13.4.1 WLAN
                        13.4.1.1 High demand for WLAN network is attributed to low setup costs, flexibility to add wireless instruments, increased security, and redundancy within wireless network
             13.4.2 BLUETOOTH
                        13.4.2.1 Bluetooth offers benefits such as low power consumption, support for multiple wireless links, and ease of setup and configuration
             13.4.3 WIMAX
                        13.4.3.1 WiMAX is highly useful for industrial communication applications that demand real-time traffic information
             13.4.4 WIRELESSHART
                        13.4.4.1 WirelessHART is a flat mesh network offering extended network range and high network reliability due to redundant communication routes
             13.4.5 ZIGBEE
                        13.4.5.1 ZigBee Alliance is focused on developing reliable, low-power, and cost-effective wireless network control and monitoring system
             13.4.6 OTHERS

14 SERVO MOTORS AND DRIVES MARKET, BY INDUSTRY (Page No. - 109)
     14.1 INTRODUCTION
     14.2 AUTOMOTIVE & TRANSPORTATION INDUSTRY
             14.2.1 DEVELOPMENTS RELATED TO AUTONOMOUS, HYBRID, AND ELECTRIC VEHICLES LEAD TO HIGH DEMAND FOR MOTION CONTROL SYSTEMS
     14.3 SEMICONDUCTOR & ELECTRONICS INDUSTRY
             14.3.1 ELECTRONIC DEVICES SUCH AS BLU-RAY PLAYERS AND REMOTE-CONTROLLED (RC) TOYS USE SERVO MECHANISMS FOR VARIOUS MOTION CONTROL PURPOSES
     14.4 FOOD PROCESSING INDUSTRY
             14.4.1 ADVANCEMENTS IN FOOD-GRADE SERVO MOTORS HAVE LED TO INCREASED PENETRATION OF SERVO MOTORS AND DRIVES IN FOOD PROCESSING PLANTS
     14.5 TEXTILE INDUSTRY
             14.5.1 INCREASING ADOPTION OF ANTI-VIBRATION SERVO DRIVES EXPECTED TO PROPEL GROWTH OF SERVO MOTORS AND DRIVES MARKET
     14.6 PETROCHEMICALS INDUSTRY
             14.6.1 ADOPTION OF REAL-TIME DISTRIBUTED CONTROL SYSTEMS (DCS) EXPECTED TO PROPEL SERVO MOTORS AND DRIVES MARKET GROWTH
     14.7 PHARMACEUTICALS & HEALTHCARE INDUSTRY
             14.7.1 MEDICAL DEVICES SUCH AS MEDICAL ROBOTS OFTEN EMPLOY SERVO MOTORS TO ASSIST IN MOVEMENT AND POSITIONING
     14.8 PACKAGING INDUSTRY
             14.8.1 USE OF ADVANCED SERVO-DRIVEN PALLETIZERS POISED TO INCREASE DEMAND FOR SERVO MOTORS AND DRIVES IN PACKAGING INDUSTRY
     14.9 PRINTING & PAPER INDUSTRY
             14.9.1 PRINTING DEVICES SUCH AS DIGITAL INKJET AND PAD PRINTERS EMPLOY SERVO MECHANISMS
     14.10 OTHER INDUSTRIES
             14.10.1 MANUFACTURING OF FURNITURE PRODUCTS REQUIRES FLEXIBLE AND AUTOMATED SYSTEMS THAT ALSO INCORPORATE MOTION CONTROL COMPONENTS

15 GEOGRAPHIC ANALYSIS (Page No. - 131)
     15.1 INTRODUCTION
     15.2 AMERICAS
             15.2.1 NORTH AMERICA
                        15.2.1.1 US
                                     15.2.1.1.1 Advancements in medical equipment and devices, such as robotics surgery, MRI machines, and MRI robots to increase demand for servo motors and drives
                        15.2.1.2 Canada
                                     15.2.1.2.1 Adoption of automation in automobile industry to spur growth of servo motors and drives market in Canada
                        15.2.1.3 Mexico
                                     15.2.1.3.1 Adoption of in-line manufacturing by food & beverages industry would spur demand for servo motors and drives in Mexico
             15.2.2 SOUTH AMERICA
                        15.2.2.1 Brazil
                                     15.2.2.1.1 Use of energy-efficient motion control systems and advanced process control systems is expected to increase demand for servo systems
                        15.2.2.2 Rest of South America
                                     15.2.2.2.1 Growing industrial automation and adoption of smart farming are expected to propel growth of servo systems
     15.3 EUROPE
             15.3.1 GERMANY
                        15.3.1.1 Demand for passenger cars and light commercial vehicles has led to high level of factory automation
             15.3.2 FRANCE
                        15.3.2.1 Increasing use of servo robots in automotive industry to spur growth of servo motors and drives market in France
             15.3.3 UK
                        15.3.3.1 Government initiatives such as ‘Made Smarter’ to drive growth and transformation in UK’s manufacturing ecosystem
             15.3.4 ITALY
                        15.3.4.1 Increasing demand for renewable energy to power industries across the country has led to the adoption of explosion-proof servo motors
             15.3.5 REST OF EUROPE
                        15.3.5.1 Growth in industrial sector and continuous demand from automotive, electronics, and petrochemicals sectors to spur growth in the region
     15.4 APAC
             15.4.1 CHINA
                        15.4.1.1 Emphasis by government on using electric vehicles to lower rising pollution levels and vehicle emissions is resulting in rising demand for energy-efficient brushless DC Motors
             15.4.2 JAPAN
                        15.4.2.1 Advancements in remote medical devices field and use of IoT-enabled equipment and robots in healthcare sector to drive servo motors and drives market
             15.4.3 SOUTH KOREA
                        15.4.3.1 Increasing automation in manufacturing processes and adoption of EVs to propel adoption of servo motors and drives
             15.4.4 INDIA
                        15.4.4.1 Adoption of advanced control systems and in-line manufacturing to fuel demand for servo motors and drives
             15.4.5 REST OF APAC
                        15.4.5.1 Increasing focus of government on industrial automation in countries such as Singapore, Malaysia, and Philippines to drive servo motors and drives market
     15.5 REST OF THE WORLD (R0W)

16 COMPETITIVE LANDSCAPE (Page No. - 154)
     16.1 OVERVIEW
     16.2 MARKET SHARE/RANK OF KEY PLAYERS IN SERVO MOTORS AND DRIVES MARKET
     16.3 COMPETITIVE LEADERSHIP MAPPING
             16.3.1 VISIONARY LEADERS
             16.3.2 INNOVATORS
             16.3.3 DYNAMIC DIFFERENTIATORS
             16.3.4 EMERGING COMPANIES
     16.4 STRENGTH OF PRODUCT PORTFOLIO (FOR 25 COMPANIES)
     16.5 BUSINESS STRATEGY EXCELLENCE (FOR 25 COMPANIES)
     16.6 COMPETITIVE SCENARIO
             16.6.1 PRODUCT LAUNCHES AND DEVELOPMENTS
             16.6.2 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
             16.6.3 ACQUISITIONS AND EXPANSIONS

17 COMPANY PROFILES (Page No. - 165)
     17.1 INTRODUCTION
     17.2 KEY PLAYERS
(Business Overview, Products/Solutions/Services/Technologies Offered, Recent Developments, SWOT Analysis, and MnM View)*
             17.2.1 YASKAWA ELECTRIC
             17.2.2 MITSUBISHI ELECTRIC
             17.2.3 SIEMENS
             17.2.4 SCHNEIDER ELECTRIC
             17.2.5 ROCKWELL AUTOMATION
             17.2.6 ABB
             17.2.7 NIDEC
             17.2.8 DELTA ELECTRONICS
             17.2.9 FANUC
             17.2.10 FUJI ELECTRIC
* (Business Overview, Products/Solutions/Services/Technologies Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     17.3 RIGHT-TO-WIN
     17.4 OTHER COMPANIES
             17.4.1 KOLLMORGEN CORPORATION
             17.4.2 PARKER HANNIFIN CORPORATION
             17.4.3 OMRON CORPORATION (OMRON)
             17.4.4 BOSCH REXROTH AG
             17.4.5 LENZE
             17.4.6 SEW EURODRIVE
             17.4.7 WEG
             17.4.8 AMETEK
             17.4.9 ADTECH (SHENZHEN) TECHNOLOGY CO. LTD
             17.4.10 POWERTEC INDUSTRIAL MOTORS INC

18 APPENDIX (Page No. - 205)
     18.1 INSIGHTS OF INDUSTRY EXPERTS
     18.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     18.3 AVAILABLE CUSTOMIZATIONS
     18.4 RELATED REPORTS
     18.5 AUTHOR DETAILS


LIST OF TABLES (103 TABLES)

TABLE 1 SERVO MOTORS AND DRIVES MARKET, BY OFFERING, 2017–2025 (USD BILLION)
TABLE 2 SERVO MOTORS AND DRIVES HARDWARE MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
TABLE 3 SERVO MOTORS AND DRIVES MARKET FOR SENSORS, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 4 SERVO MOTORS MARKET FOR SENSORS, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 5 SERVO DRIVES MARKET FOR SENSORS, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 6 SERVO MOTORS AND DRIVES MARKET FOR CONTROLLER MODULES, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 7 SERVO MOTORS MARKET FOR CONTROLLER MODULES, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 8 SERVO DRIVES MARKET FOR CONTROLLER MODULES, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 9 SERVO MOTORS AND DRIVES MARKET FOR ENCODERS, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 10 SERVO MOTORS AND DRIVES MARKET FOR ELECTRONIC AMPLIFIERS, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 11 SERVO MOTORS AND DRIVES MARKET FOR OTHER COMPONENTS, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 12 SERVO MOTORS MARKET FOR OTHER COMPONENTS, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 13 SERVO DRIVES MARKET FOR OTHER COMPONENTS, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 14 SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE, 2017–2025 (USD BILLION)
TABLE 15 SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE, 2017–2025 (MILLION UNITS)
TABLE 16 SERVO MOTORS MARKET, BY MOTOR TYPE, 2017–2025 (USD MILLION)
TABLE 17 SERVO MOTORS MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
TABLE 18 SERVO MOTORS MARKET, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 19 SERVO MOTORS MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 20 SERVO MOTORS MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 21 AC SERVO MOTORS MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 22 AC SERVO MOTORS MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 23 DC SERVO MOTORS MARKET, BY TYPE, 2017–2025 (USD BILLION)
TABLE 24 DC SERVO MOTORS MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 25 DC SERVO MOTORS MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 26 DC BRUSHLESS SERVO MOTORS MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 27 BRUSHED DC SERVO MOTORS MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 28 SERVO DRIVES MARKET, BY DRIVE TYPE, 2017–2025 (USD MILLION)
TABLE 29 SERVO DRIVES MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
TABLE 30 SERVO DRIVES MARKET, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 31 SERVO DRIVES MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 32 SERVO DRIVES MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 33 AC SERVO DRIVES MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 34 AC SERVO DRIVES MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 35 DC SERVO DRIVES MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 36 DC SERVO DRIVES MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 37 ADJUSTABLE SPEED DRIVES MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 38 ADJUSTABLE SPEED DRIVES MARKET, BY REGION 2017–2025 (USD MILLION)
TABLE 39 SERVO MOTORS AND DRIVES MARKET, BY VOLTAGE, 2017–2025 (USD BILLION)
TABLE 40 LOW-VOLTAGE SERVO MOTORS AND DRIVES MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 41 MEDIUM-VOLTAGE SERVO MOTORS AND DRIVES MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 42 HIGH-VOLTAGE SERVO MOTORS AND DRIVES MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 43 SERVO MOTORS AND DRIVES MARKET, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 44 SERVO MOTORS AND DRIVES MARKET, BY BRAKE TECHNOLOGY, 2017–2025 (USD BILLION)
TABLE 45 SERVO MOTORS AND DRIVES MARKET, BY MATERIAL OF CONSTRUCTION, 2017–2025 (USD MILLION)
TABLE 46 STAINLESS STEEL SERVO MOTORS AND DRIVES MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 47 OTHER SERVO MOTORS AND DRIVES MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 48 SERVO MOTORS AND DRIVES MARKET, BY COMMUNICATION PROTOCOL, 2017–2025 (USD MILLION)
TABLE 49 SERVO MOTORS AND DRIVES MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 50 SERVO MOTORS AND DRIVES MARKET FOR AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 51 SERVO MOTORS MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY MOTOR TYPE, 2017–2025 (USD MILLION)
TABLE 52 SERVO DRIVES MARKET FOR AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY DRIVE TYPE, 2017–2025 (USD MILLION)
TABLE 53 SERVO MOTORS AND DRIVES MARKET FOR AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 54 SERVO MOTORS AND DRIVES MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 55 SERVO MOTORS MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY MOTOR TYPE, 2017–2025 (USD MILLION)
TABLE 56 SERVO DRIVES MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY DRIVE TYPE, 2017–2025 (USD MILLION)
TABLE 57 SERVO MOTORS AND DRIVES MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 58 SERVO MOTORS AND DRIVES MARKET FOR FOOD PROCESSING INDUSTRY, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 59 SERVO MOTORS MARKET FOR FOOD PROCESSING INDUSTRY, BY MOTOR TYPE, 2017–2025 (USD MILLION)
TABLE 60 SERVO DRIVES MARKET FOR FOOD PROCESSING INDUSTRY, BY DRIVE TYPE, 2017–2025 (USD MILLION)
TABLE 61 SERVO MOTORS AND DRIVES MARKET FOR FOOD PROCESSING INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 62 SERVO MOTORS AND DRIVES MARKET FOR TEXTILE INDUSTRY, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 63 SERVO MOTORS MARKET FOR TEXTILE INDUSTRY, BY MOTOR TYPE, 2017–2025 (USD MILLION)
TABLE 64 SERVO DRIVES MARKET FOR TEXTILE INDUSTRY, BY DRIVE TYPE, 2017–2025 (USD MILLION)
TABLE 65 SERVO MOTORS AND DRIVES MARKET FOR TEXTILE INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 66 SERVO MOTORS AND DRIVES MARKET FOR PETROCHEMICALS INDUSTRY, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 67 SERVO MOTORS MARKET FOR PETROCHEMICALS INDUSTRY, BY MOTOR TYPE, 2017–2025 (USD MILLION)
TABLE 68 SERVO DRIVES MARKET FOR PETROCHEMICALS INDUSTRY, BY DRIVE TYPE, 2017–2025 (USD MILLION)
TABLE 69 SERVO MOTORS AND DRIVES MARKET FOR PETROCHEMICALS INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 70 SERVO MOTORS AND DRIVES MARKET FOR PHARMACEUTICALS & HEALTHCARE INDUSTRY, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 71 SERVO MOTORS MARKET FOR PHARMACEUTICALS & HEALTHCARE INDUSTRY, BY TYPE, 2017–2025 (USD MILLION)
TABLE 72 SERVO DRIVES MARKET FOR PHARMACEUTICALS & HEALTHCARE INDUSTRY, BY TYPE, 2017–2025 (USD MILLION)
TABLE 73 SERVO MOTORS AND DRIVES MARKET FOR PHARMACEUTICALS & HEALTHCARE INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 74 SERVO MOTORS AND DRIVES MARKET FOR PACKAGING INDUSTRY, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 75 SERVO MOTORS MARKET FOR PACKAGING INDUSTRY, BY MOTOR TYPE, 2017–2025 (USD MILLION)
TABLE 76 SERVO DRIVES MARKET FOR PACKAGING INDUSTRY, BY DRIVE TYPE, 2017–2025 (USD MILLION)
TABLE 77 SERVO MOTORS AND DRIVES MARKET FOR PACKAGING INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 78 SERVO MOTORS AND DRIVES MARKET FOR PRINTING & PAPER INDUSTRY, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 79 SERVO MOTORS MARKET FOR PRINTING & PAPER INDUSTRY, BY MOTOR TYPE, 2017–2025 (USD MILLION)
TABLE 80 SERVO DRIVES MARKET FOR PRINTING & PAPER INDUSTRY, BY DRIVE TYPE, 2017–2025 (USD MILLION)
TABLE 81 SERVO MOTORS AND DRIVES MARKET FOR PRINTING & PAPER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 82 SERVO MOTORS AND DRIVES MARKET FOR OTHER INDUSTRIES, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 83 SERVO MOTORS MARKET FOR OTHER INDUSTRIES, BY MOTOR TYPE, 2017–2025 (USD MILLION)
TABLE 84 SERVO DRIVES MARKET FOR OTHER INDUSTRIES, BY DRIVE TYPE, 2017–2025 (USD MILLION)
TABLE 85 SERVO MOTORS AND DRIVES MARKET FOR OTHER INDUSTRIES, BY REGION, 2017–2025 (USD MILLION)
TABLE 86 SERVO MOTORS AND DRIVES MARKET, BY REGION, 2017–2025 (USD BILLION)
TABLE 87 SERVO MOTORS AND DRIVES MARKET IN AMERICAS, BY VOLTAGE, 2017–2025 (USD MILLION)
TABLE 88 SERVO MOTORS AND DRIVES MARKET IN AMERICAS, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 89 SERVO MOTORS AND DRIVES MARKET IN AMERICAS, BY REGION, 2017–2025 (USD MILLION)
TABLE 90 SERVO MOTORS AND DRIVES MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 91 SERVO MOTORS AND DRIVES MARKET IN SOUTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 92 SERVO MOTORS AND DRIVES MARKET IN EUROPE, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 93 SERVO MOTORS AND DRIVES MARKET IN EUROPE, BY VOLTAGE, 2017–2025 (USD MILLION)
TABLE 94 SERVO MOTORS AND DRIVES MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 95 SERVO MOTORS AND DRIVES MARKET IN APAC, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 96 SERVO MOTORS AND DRIVES MARKET IN APAC, BY VOLTAGE, 2017–2025 (USD MILLION)
TABLE 97 SERVO MOTORS AND DRIVES MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 98 SERVO MOTORS AND DRIVES MARKET IN ROW, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 99 SERVO MOTORS AND DRIVES MARKET IN ROW, BY VOLTAGE, 2017–2025 (USD MILLION)
TABLE 100 SERVO MOTORS AND DRIVES MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 101 TOP 10 PRODUCT LAUNCHES AND DEVELOPMENTS (2017–2020)
TABLE 102 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS (2017—2020)
TABLE 103 ACQUISITIONS AND EXPANSIONS (2017–2020)


LIST OF FIGURES (66 FIGURES)

FIGURE 1 SEGMENTATION OF SERVO MOTORS AND DRIVES MARKET
FIGURE 2 SERVO MOTORS AND DRIVES MARKET: RESEARCH DESIGN
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED FROM SALES OF SERVO MOTORS AND DRIVES
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM-UP (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION OF COMPANIES FROM SALES OF SERVO MOTORS AND DRIVES
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3—BOTTOM-UP ESTIMATION OF SIZE OF SERVO MOTORS AND DRIVES MARKET, BY PRODUCT TYPE (SERVO MOTORS)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 8 DATA TRIANGULATION
FIGURE 9 SOFTWARE AND SERVICES SEGMENT OF SERVO MOTORS AND DRIVES MARKET TO GROW AT A HIGHER CAGR FROM 2020 TO 2025
FIGURE 10 SERVO DRIVES MARKET TO GROW AT A HIGHER CAGR FROM 2020 TO 2025
FIGURE 11 MEDIUM-VOLTAGE SERVO MOTORS AND DRIVES MARKET TO GROW AT HIGHEST CAGR FROM 2020 2025
FIGURE 12 STAINLESS STEEL SERVO MOTORS AND DRIVES MARKET TO GROW AT A HIGHER CAGR FROM 2020 TO 2025
FIGURE 13 PERMANENT MAGNET BRAKE TECHNOLOGY TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 14 AUTOMOTIVE & TRANSPORTATION SEGMENT OF SERVO MOTORS AND DRIVES MARKET TO HOLD LARGEST MARKET SHARE IN 2025
FIGURE 15 APAC TO HOLD LARGEST SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2025
FIGURE 16 INCREASING GLOBAL DEMAND FOR FACTORY AUTOMATION AND ROBOTICS TO SPUR GROWTH OF SERVO MOTORS AND DRIVES MARKET FROM 2020 TO 2025
FIGURE 17 SERVO MOTORS AND DRIVES MARKET IN INDIA PROJECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 18 ROTARY SYSTEM SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2025
FIGURE 19 FIELDBUS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SERVO MOTORS AND DRIVES MARKET IN 2025
FIGURE 20 SEMICONDUCTORS & ELECTRONICS INDUSTRY AND CHINA TO ACCOUNT FOR LARGEST SHARE OF SERVO MOTORS AND DRIVES MARKET IN APAC IN 2025
FIGURE 21 SERVO MOTORS AND DRIVES MARKET DYNAMICS
FIGURE 22 INDUSTRIAL ROBOTS SALES, 2017–2021 (THOUSAND UNITS)
FIGURE 23 SERVO MOTORS AND DRIVES MARKET DRIVERS AND THEIR IMPACT
FIGURE 24 SERVO MOTORS AND DRIVES MARKET RESTRAINTS AND THEIR IMPACT
FIGURE 25 SMART FACTORY MARKET SIZE, 2018–2022 (USD BILLION)
FIGURE 26 ESTIMATION OF IOT CONNECTIONS BY 2025 (IN BILLION)
FIGURE 27 SERVO MOTORS AND DRIVES MARKET OPPORTUNITIES AND THEIR IMPACT
FIGURE 28 SERVO MOTORS AND DRIVES MARKET CHALLENGES AND THEIR IMPACT
FIGURE 29 VALUE CHAIN ANALYSIS OF SERVO MOTORS AND DRIVES MARKET
FIGURE 30 SOFTWARE AND SERVICES MARKET PROJECTED TO GROW AT A HIGHER CAGR FROM 2020 TO 2025
FIGURE 31 SERVO DRIVES MARKET PROJECTED TO GROW AT HIGHER CAGR FROM 2020 TO 2025
FIGURE 32 MEDIUM-VOLTAGE SERVO MOTORS AND DRIVES PROJECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 33 ROTARY SYSTEM-BASED SERVO MOTORS AND DRIVES MARKET PROJECTED TO GROW AT A HIGHER CAGR FROM 2020 TO 2025
FIGURE 34 PERMANENT MAGNET SEGMENT OF SERVO MOTORS AND DRIVES MARKET PROJECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 35 STAINLESS STEEL SERVO MOTORS AND DRIVES MARKET PROJECTED TO GROW AT A HIGHER CAGR FROM 2020 TO 2025
FIGURE 36 MARKET FOR SERVO MOTORS AND DRIVES BASED ON WIRELESS COMMUNICATION PROTOCOL TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 37 SERVO MOTORS AND DRIVES MARKET FOR PACKAGING INDUSTRY PROJECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 38 APAC TO DOMINATE SERVO MOTORS AND DRIVES MARKET FOR AUTOMOTIVE & TRANSPORTATION INDUSTRY IN 2020
FIGURE 39 APAC TO DOMINATE SERVO MOTORS AND DRIVES MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY IN 2020
FIGURE 40 APAC TO DOMINATE SERVO MOTORS AND DRIVES MARKET FOR FOOD PROCESSING INDUSTRY IN 2020
FIGURE 41 APAC TO DOMINATE SERVO MOTORS AND DRIVES MARKET FOR TEXTILE INDUSTRY DURING FORECAST PERIOD
FIGURE 42 APAC TO DOMINATE SERVO MOTORS AND DRIVES MARKET FOR PETROCHEMICALS INDUSTRY IN 2025
FIGURE 43 APAC TO DOMINATE SERVO MOTORS AND DRIVES MARKET FOR PHARMACEUTICALS & HEALTHCARE INDUSTRY IN 2025
FIGURE 44 APAC TO DOMINATE SERVO MOTORS AND DRIVES MARKET FOR PACKAGING INDUSTRY IN 2025
FIGURE 45 APAC TO DOMINATE SERVO MOTORS AND DRIVES MARKET FOR PRINTING & PAPER INDUSTRY IN 2025
FIGURE 46 APAC TO DOMINATE SERVO MOTORS AND DRIVES MARKET FOR OTHER INDUSTRIES IN 2025
FIGURE 47 SERVO MOTORS AND DRIVES MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 48 SNAPSHOT OF SERVO MOTORS AND DRIVES MARKET IN AMERICAS
FIGURE 49 SNAPSHOT OF SERVO MOTORS AND DRIVES MARKET IN EUROPE
FIGURE 50 SNAPSHOT OF SERVO MOTORS AND DRIVES MARKET IN APAC
FIGURE 51 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGIES FROM 2017 TO 2020
FIGURE 52 SERVO MOTORS AND DRIVES MARKET: COMPANY RANKING ANALYSIS
FIGURE 53 TOP 10 COMPANIES IN SERVO MOTORS AND DRIVES MARKET, BY MARKET SHARE
FIGURE 54 SERVO MOTORS AND DRIVES MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 55 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SERVO MOTORS AND DRIVES MARKET
FIGURE 56 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SERVO MOTORS AND DRIVES MARKET
FIGURE 57 YASKAWA ELECTRIC: COMPANY SNAPSHOT
FIGURE 58 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
FIGURE 59 SIEMENS: COMPANY SNAPSHOT
FIGURE 60 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
FIGURE 61 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
FIGURE 62 ABB: COMPANY SNAPSHOT
FIGURE 63 NIDEC: COMPANY SNAPSHOT
FIGURE 64 DELTA ELECTRONICS: COMPANY SNAPSHOT
FIGURE 65 FANUC: COMPANY SNAPSHOT
FIGURE 66 FUJI ELECTRIC: COMPANY SNAPSHOT

 

The study involved 4 major activities for estimating the size of the servo motors and drives market. Exhaustive secondary research has been carried out to collect information relevant to the market, its peer markets, and its parent market. Primary research has been undertaken to validate key findings, assumptions, and sizing with the industry experts across the value chain of the servo motors and drives market. Both top-down and bottom-up approaches have been employed to estimate the complete market size. It has been followed by the market breakdown and data triangulation methods to estimate the size of different segments and subsegments of the market.

Secondary Research

The research methodology that has been used to estimate and forecast the size of the servo motors and drives market began with the acquisition of data related to the revenues of key vendors in the market through secondary research. This study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the servo motors and drives market. Vendor offerings have been taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors; directories; and databases.

Primary Research

The servo motors and drives market comprises several stakeholders, such as raw material suppliers, servo component manufacturers, servo motors and drives manufacturers, system integrators, distributers, software providers, and semiconductor component and devices manufacturers. The demand side of this market is characterized by servo hardware components, software, and service companies. The supply side is characterized by configured servo systems and their diverse applications. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents.

Servo Motors and Drives Market

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the servo motors and drives market and its segments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research
  • The supply chain and the size of the servo motors and drives market, 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

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each segment and subsegment of the market. The data has been triangulated by studying various factors and trends from both demand and supply sides of the servo motors and drives market.

Research Objectives

  • To describe, segment, and forecast the overall size of the servo motors and drives market based on offering (hardware and software and services), product type (servo motors, servo drives), system (linear and rotary), voltage (low, medium, and high voltage), communication protocol (fieldbus, industrial Ethernet, and wireless), brake technology (spring, permanent magnet, and others), material of construction (stainless steel and others), and industry
  • To describe and forecast the market size for various segments with regard to 4 main regions—Asia Pacific (APAC), Americas, Europe, and the Rest of the World (RoW)
  • To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To briefly describe the servo motors and drives value chain
  • To analyze competitive developments such as product launches and developments, agreements, partnerships, mergers, acquisitions, joint ventures, expansions, and research and development (R&D) activities in the servo motors and drives market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
  • Estimation of the market size of the application segments of the servo motors and drives market based on different subsegments

Critical Questions

  • What are the new application areas being explored by the providers of servo motors and drives?
  • Who are the key players in the servo motors and drives market, and how intense is the competition in this market?
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