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 2022 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.
As servo motors are widely used in industrial robots, such as in robotic welding arms and steering systems of autonomous vehicles, adding dexterity, and actuating movement, the growing adoption of industrial robots may drive their demand during the forecast period.
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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The Servo Motors and Drives market research study ensures the highest level of accuracy and reliability as we precisely examine the overall industry, covering all the market fundamentals. By leveraging a wide range of primary and secondary sources, we establish a strong foundation for our findings. Industry-standard tools like Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis further enhance the comprehensiveness of our evaluation.
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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Servo Motors and Drives Market Regional Analysis
Asia Pacific is expected to dominate the Market over the Forecast period.
Due to the region's rising demand for energy and power generation, there are now more oil and gas refineries than ever before. The demand for power-efficient voltage systems to support industrialization, urbanization, and population growth in developing nations like China and India is also anticipated to fuel market growth. The servo motors and drives market is anticipated to grow as a result of the demand for goods and services across numerous industry sectors in the area.
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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)
𝐓𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐤𝐞𝐲 𝐚𝐧𝐬𝐰𝐞𝐫𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬:
- What is the's expected growth rate for the forecast period 2023-2030?
- What will the size be within the forecasted time frame?
- What are the important factors that will determine the fate of the Servo Motors and Drives industry over the next several years?
- Who are the leading competitors, and what are their winning methods for gaining important characteristics in the Servo Motors and Drives industry?
- What are the major trends that are impacting the growth of the Servo Motors and Drives in various regions?
- What are the most significant opportunities?
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