The latest report by IMARC Group, titled “Servo Motors and Drives Market Report by Product Type (Servo Motors, Servo Drives), Voltage Range (Low Voltage, Medium and High Voltage), System (Linear System, Rotary System), Communication Protocol (Fieldbus, Industrial Ethernet, Wireless), End Use Industry (Machine Tools, Packaging, Robotics, Semiconductors, Electronics, Rubber and Plastics, and Others), and Region 2024-2032“, The global servo motors and drives market size reached US$ 12.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032. 

Servo motors and drives play a vital role in automation and control systems by enabling precise regulation of machinery and equipment's position, speed, and torque. These motors, typically equipped with encoders or resolvers for feedback, continually adjust and maintain their position and velocity to meet setpoint requirements. Available in different sizes and power capacities for diverse uses, servo drives (also known as servo amplifiers or controllers) are electronic devices that supply power and control signals to the servo motor. By receiving feedback from the motor's encoder, processing it, and fine-tuning the motor's output, servo drives ensure accurate adherence to the desired trajectory. Their ability to provide swift and accurate control is essential for enhancing productivity and product quality across various industries such as manufacturing, robotics, aerospace, and automotive sectors worldwide, where precise motion control is indispensable.

Servo Motors and Drives Market Trends and Drivers:

The global market for servo motors and drives is significantly influenced by the increasing demand for automation in various industries, including manufacturing, automotive, and aerospace. The importance of servo motors and drives in precision motion control makes them a crucial component in the efficient operation of automated machinery and robotics. Technological advancements in the field, such as the development of compact, energy-efficient, and high-performance systems, are also propelling market growth. The rising demand for smaller and more agile automation solutions is being met by these innovations. Additionally, the growth of the electric and hybrid vehicle industry, which relies heavily on servo motors and drives for efficient powertrain and control systems, is also contributing to market growth. The increasing adoption of servo motors and drives is further fueled by the need for energy-efficient solutions and sustainability initiatives, as they offer improved energy efficiency and reduced operational costs. Finally, the increasing adoption of robotics and industrial automation in emerging economies, particularly in Asia-Pacific, is also contributing to market growth, due to rapid industrialization and the significant expansion of manufacturing industries.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/servo-motors-drives-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product: 

  • Servo Motors
  • Servo Drives

Breakup by Voltage Range:

  • Low Voltage
  • Medium and High Voltage

Breakup by System:

  • Linear System
  • Rotary System

Breakup by Communication Protocol:

  • Fieldbus
  • Industrial Ethernet
  • Wireless

Breakup by End Use Industry:

  • Machine Tools
  • Packaging
  • Robotics
  • Semiconductors
  • Electronics
  • Rubber and Plastics
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • ABB Ltd.
  • Bosch Rexroth AG
  • Delta Electronics, Inc.
  • Emerson Electric Co.
  • Fanuc Corporation     
  • Mitsubishi Electric Corporation
  • Nidec Corporation
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yaskawa Electric Corporation

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163