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.
The production, application, and distribution of precise motion control systems that include servo motors and drives are all part of the servo motors and drives market. High-performance electric motors with sensors and feedback systems that allow for accurate position, acceleration, and velocity control are known as servo motors. Accurately driving servo motors requires power and control signals, which are supplied by servo drives, also referred to as servo amplifiers. Precise motion control is essential in many industries, including as manufacturing, robotics, automation, aerospace, and automotive, and these systems are widely used in these fields. In the market, important factors to take into account are motor power, torque, speed, accuracy, and control system compatibility. The demand for high-precision equipment, technical breakthroughs, trends in industrial automation, and the increasing integration of robotics into production processes all impact market dynamics.
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
The Servo Motors and Drives Market Trend Analysis
Rising Need for Motion Control Systems in Automated Production Plants of SME’s
- The servo motor and drives market is growing due in part to the growing need for motion control systems in automated manufacturing facilities of Small and Medium Enterprises (SMEs). With SMEs accounting for almost 90% of all enterprises globally, they are essential to the global business environment. SMEs are increasingly concentrating on improving critical elements like product quality, production speed, and manufacturing flexibility in order to stay competitive.
- The use of servo systems as motion control systems is one of the key strategies enabling SMEs to accomplish these goals. These technologies make it possible to precisely control equipment and procedures, which boosts output while cutting costs. Servo systems have been used by the automotive, packaging, and textile industries to automate manufacturing operations and increase production rates.
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Need for Feedback Control in Servo Systems Driving Demand for Encoders
- The market for servo motors and drives is poised for growth due to the increasing requirement for feedback control in servo systems. The need for accurate measurement of characteristics such as torque, speed, and location has increased as industries become more automated overall. The need to maintain effective and high-quality processes is what is driving this need. Particularly, encoders are starting to show up as a crucial component of the answer to these demands.
- Encoders are appealing in automated systems because they provide a number of benefits. They ease installation and maintenance by cutting down on the amount of wires and connections needed for control systems. Encoders improve machine and automated system safety by giving precise feedback to make sure that activities remain within predetermined bounds. They are also very desired to organizations since they minimize repetitive processes, improve overall product quality, save operating costs, and reduce the amount of manual labor required for implementation.
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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)
Key Industry Developments in the Servo Motors and Drives Market
In May 2023, Siemens launched the SINAMICS S200 servo drive system, designed for many common applications in electronics, batteries, and other sectors. Its accurate servo drive, strong servo motors, and simple-to-use wires provide high dynamic performance. The new servo drive system is especially useful for applications that need accuracy in speed and torque, such as winding and unwinding machines used in battery manufacture and cell assembly.
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.
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