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 their corresponding drives are indispensable elements in automation and control systems, tailored to accurately regulate the position, speed, and torque of machinery and equipment. A servo motor is an electric motor that operates in tandem with an encoder or resolver, allowing for continuous adjustments and maintenance of its position and velocity according to a predetermined setpoint. These motors are available in various sizes and power ratings, tailored to suit different applications. Servo drives, also known as servo amplifiers or controllers, are electronic devices that provide power and control signals to the servo motor, while also processing feedback from the motor’s encoder to ensure accurate and precise control. The rapid and accurate control provided by these components is vital for enhancing productivity and product quality in various industries, resulting in their widespread use in manufacturing, robotics, aerospace, and automotive industries worldwide.
Servo Motors and Drives Market Trends and Drivers:
The global market for servo motors and drives is primarily propelled by the increasing trend of automation in various industries, including manufacturing, automotive, and aerospace. These motors and drives play a vital role in precise motion control, making the efficient operation of automated machinery and robotics. Moreover, advancements in technology have led to the development of more compact, energy-efficient, and high-performance servo motor systems, which cater to the growing demand for smaller and more agile automation solutions. The rapid expansion of the electric and heavily on servo motors and drives for efficient powertrain and control systems, has also fueled market growth. Additionally, the increasing demand for energy-efficient solutions and sustainability initiatives has accelerated the adoption of servo motors and drives, as they offer improved energy efficiency and reduced operational costs. Furthermore, the growing adoption of robotics and industrial automation in emerging economies, particularly in Asia-Pacific, due to rapid industrialization and significant expansion of manufacturing industries, is contributing to market growth.
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.
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