The Global Servo Motors and Drives Market bolstering market share owing due to emerging industrial automation and robotics
The global servo motors and drives market expected to spur market value with USD 18.4 billion with anticipating CAGR in the forecast period from 2020-2027. The emerging demand for global servo motors and drives is fueling due to the emerging demand for robots in industries, manufacturing of lightweight vehicles, increasing packaging, and food & beverage industries.
In an era of significant changes, which require rapid innovation and integration high-tech, robots are an important means of support for the development of the industry. The servo system is an automatic motion control device, which is mainly used to accurately control the position, orientation, state, etc. of mechanical components. It determines the accuracy, control speed, and stability of automated machinery, so it is the core of industrial automation equipment.
Moreover, digital control technology is an inevitable trend in servo systems to replace analog control circuits. Servo control units based on analog electronic devices will be replaced entirely by servo control units that use fully digital processors. The servo control will be gradually transformed into software control to apply modern advanced control methods in the servo system.
Type overview in the Global Servo Motors and Drives Market
Based on the type, the global servo motors and drives market bifurcated into Servo Motors and Servo Drives. The servo motor segment is estimated to dominate the global servo motors' maximum share and drives the market in the forecast period from 2020-2027. It is mainly owing to accuracy, speed, adaptability, which provide the strong anti-overload capability, can withstand a load three times the rated torque, especially suitable for occasions with momentary load fluctuations and quick start requirements.
Voltage Range overview in the Global Servo Motors and Drives Market
Based on the voltage range, the global servo motors and drives market classified into Low-Voltage, Medium-Voltage, and High Voltage. The low-voltage range segment dominated the largest market share in the worldwide servo motors and drives market. Its main task is to amplify, transform, and regulate power according to the requirements of control commands, so that the torque, speed, and position control of the drive device's output are very flexible and convenient. Thus, a low-voltage DC servo controller was initially used in defense military industry due to its precise speed control and price advantages.
End-Use overview in the Global Servo Motors and Drives Market
Based on the end-use, the global servo motors and drives market segmented into Automotive & Transportation Industry, Textile Industry, Petrochemicals Industry, Packaging Industry, Printing & Paper Industry, and Others. The packaging industry segment accounts for the highest share in the global servo motors and drives market. The servo control technology in the packaging industry is relatively broad, and the efficiency is considerable. It kept synchronized with the packaging machine yield of the required speed can be adjusted according to production. Also, the servo drive can quickly and accurately change the production speed and replace the mechanical speed adjustment method widely used in packaging machinery.
Region overview in the Global Servo Motors and Drives Market
Based on geography, the global servo motors and drives market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world's fastest-growing servo motors and drives market, accounting for the largest share in the global market. It is mainly due to the emerging industrialization, manufacturing of robots for industrial purpose, and emerging packaging industry and coupled with energy-efficient automobiles are fueling market share of Asia Pacific.
Global Servo Motors and Drives Market: Competitive Landscape
Companies such as Yaskawa Electric Corp., Mitsubishi Electric Corp., Siemens AG, Schneider Electric, Rockwell Automation, Inc. ABB Ltd., Delta Electronics, Inc., Emerson Electric Co., FANUC Corp., Bosch Rexroth AG, and others are key players in the global servo motors and drives market.
Global Servo Motors and Drives Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Economic Factor Analysis 4.1.1. Drivers 4.1.2. Trends 4.1.3. Opportunities 4.1.4. Challenges 4.2. Competitors & Product Analysis 4.3. Regulatory Framework 4.4. Company market share analysis, 2019 4.5. Porter's Five forces analysis 4.6. New Investment Analysis 4.7. PESTEL Analysis 5. Global Servo Motors and Drives Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Device Type 5.2.1.1. Hardware 5.2.1.2. Software 5.2.1.3. Service 5.2.2. By Deployment Mode 5.2.2.1. On-premise 5.2.2.2. Cloud 5.2.3. By Solution 5.2.3.1. Analytics 5.2.3.2. Task management 5.2.3.3. Absence and holiday management 5.2.3.4. Budgeting and forecasting 5.2.3.5. Scheduling optimization and time and attendance 5.2.4. By Organization Size 5.2.4.1. Large Enterprises 5.2.4.2. Small and Medium-sized Enterprises (SMEs) 5.2.5. By End-User Vertical 5.2.5.1. BFSI 5.2.5.2. Retail 5.2.5.3. Automotive 5.2.5.4. Public Sector 5.2.5.5. Healthcare 5.2.5.6. Industrial Manufacturing 5.2.6. By Region 5.2.6.1. Europe 5.2.6.2. North America 5.2.6.3. Asia Pacific 5.2.6.4. South America 5.2.6.5. Middle East & Africa 6. Europe Servo Motors and Drives Market Overview 6.1. Europe Servo Motors and Drives Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. Europe Servo Motors and Drives Market Share & Forecast, 2016-2027 6.2.1. By Type 6.2.1.1. Servo Motors 6.2.1.2. Servo Drives 6.2.2. By Voltage Range 6.2.2.1. Low Voltage 6.2.2.2. Medium Voltage 6.2.2.3. High Voltage 6.2.3. By End-Use 6.2.3.1. Automotive & Transportation Industry 6.2.3.2. Textile Industry 6.2.3.3. Petrochemicals Industry 6.2.3.4. Packaging Industry 6.2.3.5. Printing & Paper Industry 6.2.3.6. Others 6.2.4. By Country 6.2.4.1. Germany 6.2.4.2. UK 6.2.4.3. France 6.2.4.4. Italy 6.2.4.5. Rest of Europe 6.2.5. Company Market Share (Top 3-5) 6.2.6. Economic Impact Study on Europe Servo Motors and Drives Market 7. North America Servo Motors and Drives Market Overview 7.1. North America Servo Motors and Drives Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. North America Servo Motors and Drives Market Share & Forecast, 2016-2027 7.2.1. By Type 7.2.1.1. Servo Motors 7.2.1.2. Servo Drives 7.2.2. By Voltage Range 7.2.2.1. Low Voltage 7.2.2.2. Medium Voltage 7.2.2.3. High Voltage 7.2.3. By End-Use 7.2.3.1. Automotive & Transportation Industry 7.2.3.2. Textile Industry 7.2.3.3. Petrochemicals Industry 7.2.3.4. Packaging Industry 7.2.3.5. Printing & Paper Industry 7.2.3.6. Others 7.2.4. By Country 7.2.4.1. US 7.2.4.2. Canada 7.2.4.3. Mexico 7.2.5. Company Market Share (Top 3-5) 7.2.6. Economic Impact Study on North America Servo Motors and Drives Market 8. Asia Pacific Servo Motors and Drives Overview 8.1. Asia Pacific Servo Motors and Drives Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Servo Motors and Drives Market Share & Forecast, 2016-2027 8.2.1. By Type 8.2.1.1. Servo Motors 8.2.1.2. Servo Drives 8.2.2. By Voltage Range 8.2.2.1. Low Voltage 8.2.2.2. Medium Voltage 8.2.2.3. High Voltage 8.2.3. By End-Use 8.2.3.1. Automotive & Transportation Industry 8.2.3.2. Textile Industry 8.2.3.3. Petrochemicals Industry 8.2.3.4. Packaging Industry 8.2.3.5. Printing & Paper Industry 8.2.3.6. Others 8.2.4. By Country 8.2.4.1. China 8.2.4.2. India 8.2.4.3. Japan 8.2.4.4. Australia 8.2.4.5. Rest of Asia Pacific 8.2.5. Company Market Share (Top 3-5) 8.2.6. Economic Servo Motors and Drives Market Overview 8.3. South America Servo Motors and Drives Market Size & Forecast, 2016-2027 8.3.1. Demand 8.3.1.1. By Value (USD Million) 8.4. South America Servo Motors and Drives Market Share & Forecast, 2016-2027 8.4.1. By Type 8.4.1.1. Servo Motors 8.4.1.2. Servo Drives 8.4.2. By Voltage Range 8.4.2.1. Low Voltage 8.4.2.2. Medium Voltage 8.4.2.3. High Voltage 8.4.3. By End-Use 8.4.3.1. Automotive & Transportation Industry 8.4.3.2. Textile Industry 8.4.3.3. Petrochemicals Industry 8.4.3.4. Packaging Industry 8.4.3.5. Printing & Paper Industry 8.4.3.6. Others 8.4.4. By Country 8.4.4.1. Brazil 8.4.4.2. Argentina 8.4.4.3. Rest of South America 8.4.5. Company Market Share (Top 3-5) 8.4.6. Economic Impact Study on South America Servo Motors and Drives Market 9. Middle East & Africa Servo Motors and Drives Market Overview 9.1. Middle East & Africa Servo Motors and Drives Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. Middle East & Africa Servo Motors and Drives Market Share & Forecast, 2016-2027 9.2.1. By Type 9.2.1.1. Servo Motors 9.2.1.2. Servo Drives 9.2.2. By Voltage Range 9.2.2.1. Low Voltage 9.2.2.2. Medium Voltage 9.2.2.3. High Voltage 9.2.3. By End-Use 9.2.3.1. Automotive & Transportation Industry 9.2.3.2. Textile Industry 9.2.3.3. Petrochemicals Industry 9.2.3.4. Packaging Industry 9.2.3.5. Printing & Paper Industry 9.2.3.6. Others 9.2.4. By Country 9.2.4.1. Saudi Arabia 9.2.4.2. UAE 9.2.4.3. South Africa 9.2.4.4. Rest of Middle East & Africa 9.2.5. Company Market Share (Top 3-5) 9.2.6. Economic Impact Study on Middle East & Africa Servo Motors and Drives Market 10. Competitor Analysis 10.1. Company Description 10.2. Financial Analysis 10.3. Key Products 10.4. Key Management Personnel 10.5. Contact Address 10.6. SWOT Analysis 10.7. Company Profile 10.7.1.1. Yaskawa Electric Corp. 10.7.1.2. Mitsubishi Electric Corp. 10.7.1.3. Siemens AG 10.7.1.4. Schneider Electric 10.7.1.5. Rockwell Automation 10.7.1.6. Inc. ABB Ltd. 10.7.1.7. Delta Electronics, Inc. 10.7.1.8. Emerson Electric Co. 10.7.1.9. FANUC Corp 10.7.1.10. Bosch Rexroth AG 10.7.1.11. Other players
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