Global Servo Motors and Drives Market Size Was Valued At USD 14.38 Billion In 2022 And Is Projected To Reach USD 22.58 Billion By 2030, Growing At A CAGR Of 5.8% From 2023 To 2030.
Servo motors come with an integrated positional feedback system. They might be linear, DC, or AC. Closed-loop motion control systems use these motors to precisely control torque, speed, and angular position. By using permanent magnets, variations in voltage and current between windings are made feasible. When servo motors are utilized, servo drives are automatic parts that enable the motor to accomplish accurate positioning by automatically adjusting any deviation from the prescribed state.
Top Key Players Covered in the Servo Motors and Drives Market
ABB (Switzerland), ADTECH (SHENZHEN), AMETEK (US), Bosch Rexroth AG (Germany), Delta Electronics (Taiwan), Emerson Electric Co. (US), FANUC (Japan), Fuji Electric (Japan), Kollmorgen Corporation (US), LENZE (Germany), Mitsubishi Electric (Japan), Moog Inc., NIDEC (Japan), Omron Corporation (OMRON) (US), Oriental Motor Co., Ltd., Parker Hannifin Corporation (US), Rockwell Automation (US), Rozum Robotics Inc. (Belarus), Schneider Electric (France), SEW Eurodrive (Germany), Siemens (Germany), Technology Co. Ltd (China), WEG (Brazil), Yaskawa Electric (Japan), and Other Major Players.
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Segmentation Analysis of the Servo Motors and Drives Market
By Type
- AC Servo Motor
- DC Brush Less Servo Motor
- Brushed DC servo Motor
- Linear Servo Motor
By Drive
- AC Servo Drive
- DC Servo Drive
- Adjustable Servo Drive
By Voltage Range
- Low-Voltage
- Medium Voltage
- High Voltage
By End-user Industry
- Automotive
- Oil and Gas
- Healthcare
- Packaging
- Semiconductor & Electronics
- Chemicals & Petrochemicals
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Need for Feedback Control in Servo Systems Driving Demand for Encoders
- The growing need for feedback control in servo systems is presenting a significant opportunity for the Servo Motors and Drives Market. As industries across the board increasingly embrace automation, the demand for precise measurement of parameters like speed, torque, and position has surged. This demand is driven by the imperative to maintain high-quality and efficient processes. Encoders, in particular, are emerging as a key solution in meeting these requirements.
- Encoders offer several advantages that make them attractive in automated systems. They streamline control systems by reducing the number of wires and connections required, simplifying installation and maintenance. Encoders enhance safety in machines and automated systems, as they provide accurate feedback to ensure operations stay within specified parameters. Furthermore, their implementation reduces manual labor, enhances overall product quality, minimizes repetitive tasks, and decreases operational costs, making them highly desirable for businesses.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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