Global Servo Motors and Drives Market- By Type (Servo Motors and Servo Drives), By Voltage Range (Low-Voltage, Medium-Voltage and High Voltage), By End Use (Automotive & Transportation Industry, Textile Industry, Petrochemicals Industry, Packaging Industry, Printing & Paper Industry and Others)and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.
Global Servo Motors and Drives Market Overview:
The servo motor, also known as an engine, that controls the operation of mechanical components in the servo system, is a supplementary motor indirect transmission device. It converts the voltage signal into torque and speed to drive the control object, making the control speed and position accuracy very accurate. It is the power system of industrial robots and the heart of robot motion.
Global Servo Motors and Drives Market Insights
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. It is mainly due to the rapid development of the robot industry and the widespread adoption of robot technology in various end-use industries.
The servo system is an automatic motion control device, which mainly used to accurately control the position, orientation, state, etc. of mechanical components. It determines the accuracy, control speed, and stability of automated machinery. It is the core of industrial automation equipment and mainly includes servo drive, servo motor, and encoder.
The servo system industry terminals are used in CNC machine tools, industrial robots, special electronic equipment, textile machinery, packaging machinery, etc. The upstream of the servo motor driver industry mainly includes electronic components, power electronic devices, and sheet metal structural parts.
Additionally, it can promote the technological progress of the industrial automation control system by improving technology progress, reduce cost, and improves the efficiency of upstream electronic components and power electronic devices.
The servo drive is a controller used to control the servo motor. Its role is similar to that of a frequency converter on an ordinary AC motor, and it is part of a servo system. It is mainly used in high-precision positioning systems. The function of the servo driver is to synthesize and amplify multiple input signals and feedback signals.
Moreover, with the increased flexibility of the control system and the demand for intelligent manufacturing to replace labor, the proportion of driving and control will gradually increase in the future, and the servo industry’s market size will be further expanded.
A servo drive is an essential component of advanced motion control and significantly used in industrial robots and CNC machining centers and other automation equipment. The servo drives used to control AC permanent magnet synchronous motors have become a research hotspot across the world.
Growth Driver
Development of Robot Industry
With industrial automation development, more and more fields have started using industrial robots instead of the workforce. For robot manufactures and robot consumers, choosing the right servo motor is always a difficult task. As servo motor affects the robot’s arms control such as position angle and linear motion and its performance difference will directly affect the robot’s ability level. Additionally, the robot’s joint drive is inseparable from the servo system as higher joints improve the flexibility and accuracy of robots.
Use of Lightweight material
For lightweight applications such as toy automotive cars and airplanes, they use a servo motor to make efficient power-to-weight ratios. Therefore, the use of lightweight materials, dense copper windings, and high-energy magnets, the servo motor generates greater torque relative to the frame size. The result is a greater inertia mismatch between the servo motors and the load they are trying to control. The use of a gearbox can better match the inertia of the motor with the inertia of the load, so that a smaller motor can be used, making the system with faster response easier to tune.
By Type Segmental Analysis
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 drive the market in the forecast period from 2020-2027. It is mainly due to higher accuracy of servo motor that uses a feedback device from an encoder to sense an error in the system and corrects the error through a control loop around the motor, torque, speed, or position to achieve the required mechanical performance. Flexible winding technology and modern design software can also simulate the servo motor’s performance accurately. Also, AC servo motors are more likely to be favored in the market as they can run on AC current and can frequently receive light and heavy loads.
By Voltage Range Segmental Analysis
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 global servo motors and drives market. It is mainly to the working principle of the motor, which is designed to work in low voltage. In addition, it also requires a low power supply, and high current is required to immerse in the water of 1-meter depth. Moreover, it is resistant to stress conditions, which include high temperature, vibration, and shock. Therefore, the low-voltage servo motor is fueling market demand for the global servo motor and driver market.
By End-Use Segmental Analysis
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. With the development of the automation industry, the application range of packaging machines is becoming wider and wider, and the demand is also increasing, and higher requirements are placed on the quality and production efficiency of packaging machines. It opens up the market for servo control technology. It is applied to the packaging machine to improving the accuracy of the packaging machine, reducing equipment adjustment and maintenance time, and improving production efficiency.
By Region Segmental Analysis
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 the 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.
Competitor Analysis
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 drive market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global servo motors and drives manufacturing companies
- Research organizations and consulting companies’ servo motors and drives
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type
- Servo Motors
- Servo Drives
By Voltage Range
- Low Voltage
- Medium Voltage
- High Voltage
By End-Use
- Automotive & Transportation Industry
- Textile Industry
- Petrochemicals Industry
- Packaging Industry
- Printing & Paper Industry
- Others
By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
Global Servo Motors and Drives Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- Global Servo Motors and Drives Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Device Type
- Hardware
- Software
- Service
- By Deployment Mode
- On-premise
- Cloud
- By Solution
- Analytics
- Task management
- Absence and holiday management
- Budgeting and forecasting
- Scheduling optimization and time and attendance
- By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- By End-User Vertical
- BFSI
- Retail
- Automotive
- Public Sector
- Healthcare
- Industrial Manufacturing
- By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
- By Device Type
- Demand
- Market Size & Forecast, 2016-2027
- Europe Servo Motors and Drives Market Overview
- Europe Servo Motors and Drives Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Servo Motors and Drives Market Share & Forecast, 2016-2027
- By Type
- Servo Motors
- Servo Drives
- By Voltage Range
- Low Voltage
- Medium Voltage
- High Voltage
- By End-Use
- Automotive & Transportation Industry
- Textile Industry
- Petrochemicals Industry
- Packaging Industry
- Printing & Paper Industry
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Servo Motors and Drives Market
- By Type
- Demand
- Europe Servo Motors and Drives Size & Forecast, 2016-2027
- North America Servo Motors and Drives Market Overview
- North America Servo Motors and Drives Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Servo Motors and Drives Market Share & Forecast, 2016-2027
- By Type
- Servo Motors
- Servo Drives
- By Voltage Range
- Low Voltage
- Medium Voltage
- High Voltage
- By End-Use
- Automotive & Transportation Industry
- Textile Industry
- Petrochemicals Industry
- Packaging Industry
- Printing & Paper Industry
- Others
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Servo Motors and Drives Market
- By Type
- Demand
- North America Servo Motors and Drives Market Size & Forecast, 2016-2027
- Asia Pacific Servo Motors and Drives Overview
- Asia Pacific Servo Motors and Drives Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Asia Pacific Servo Motors and Drives Market Share & Forecast, 2016-2027
- By Type
- Servo Motors
- Servo Drives
- By Voltage Range
- Low Voltage
- Medium Voltage
- High Voltage
- By End-Use
- Automotive & Transportation Industry
- Textile Industry
- Petrochemicals Industry
- Packaging Industry
- Printing & Paper Industry
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Servo Motors and Drives Market Overview
- By Type
- South America Servo Motors and Drives Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Servo Motors and Drives Market Share & Forecast, 2016-2027
- By Type
- Servo Motors
- Servo Drives
- By Voltage Range
- Low Voltage
- Medium Voltage
- High Voltage
- By End-Use
- Automotive & Transportation Industry
- Textile Industry
- Petrochemicals Industry
- Packaging Industry
- Printing & Paper Industry
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Servo Motors and Drives Market
- By Type
- Demand
- Demand
- Asia Pacific Servo Motors and Drives Market Size & Forecast, 2016-2027
- Middle East & Africa Servo Motors and Drives Market Overview
- Middle East & Africa Servo Motors and Drives Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Servo Motors and Drives Market Share & Forecast, 2016-2027
- By Type
- Servo Motors
- Servo Drives
- By Voltage Range
- Low Voltage
- Medium Voltage
- High Voltage
- By End-Use
- Automotive & Transportation Industry
- Textile Industry
- Petrochemicals Industry
- Packaging Industry
- Printing & Paper Industry
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Servo Motors and Drives Market
- By Type
- Demand
- Middle East & Africa Servo Motors and Drives Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Yaskawa Electric Corp.
- Mitsubishi Electric Corp.
- Siemens AG
- Schneider Electric
- Rockwell Automation
- ABB Ltd.
- Delta Electronics, Inc.
- Emerson Electric Co.
- FANUC Corp
- Bosch Rexroth AG
- Other players