Dublin, Nov. 01, 2022 (GLOBE NEWSWIRE) — “By system (linear, rotary), communication type (field bus, industrial Ethernet, wireless), voltage (low, medium, high), braking technology Servo Motors and Drives Market, Materials, Product Types, End Users, Products and Regions – Global Forecast to 2027 report has been added to ResearchAndMarkets.com Dedication.

The servo motor and drive market size will grow from US$12 billion in 2022 to US$15.8 billion in 2027, with a compound annual growth rate of 5.7% during the forecast period.Increase in motion control equipment required for automation in major industrial sectors is driving the servo motors and drives market

The hardware segment is expected to be the largest segment based on product offerings for the servo motor and drives market

The servo motors and drives market has been segmented into hardware, software, and services. The hardware segment is expected to hold a larger share during the forecast period. This is due to the extensive use of servo motors and drive components, which together make up the hardware. The main reasons for the growing demand for servo motors and drives include the rapid growth and advancement of industrial automation.Setting automation requires servomotors and drives that provide high levels of precision, accuracy and torque with low maintenance costs

By product type, the servo drive field is expected to be the fastest growing area in the servo motor and drive market

On the basis of product type, the servo motors and drives market is segmented into servo motors and servo drives. Servo drives are in high demand since the past few years due to advancements in servo systems, which facilitates easy customization. Advances in technology, in turn, have led to increased use of servo drives in industrial control systems, warehouse automation, and robotics.

Asia Pacific is expected to be the largest market during the forecast period.

The Asia-Pacific region is expected to be the fastest growing market for servo motors and drives. The growth of the Asia Pacific market can be attributed to the booming electronics markets in India, China, Taiwan, and Japan. These countries are major markets for consumer electronics such as smartphones, home appliances, kitchen appliances, smart home devices, remote control solutions, wearable devices and other battery-powered electronics.

The growth of the servo motors and drives market in Asia Pacific can also be attributed to its booming automotive manufacturing industry. The industry is witnessing rapid changes in manufacturing technology to enhance automobile production and manufacturing facilities. These changes are expected to boost the adoption of servo motors and drives in the Asia-Pacific region.

Key topics covered:

1 Introduction

2 Research methods

3 Executive summary

4 quality insights

5 Market Overview
5.1 Introduction
5.2 Market dynamics
5.2.1 Driver
5.2.1.1 The growing demand for motion control systems in automated production factories
5.2.1.2 Servo motors have better characteristics compared to stepper motors, so servo motors are increasingly used
5.2.2 Limitations
5.2.2.1 Integrating new automation technologies into existing infrastructure requires significant investment
5.2.2.2 Other motion control motors are cheaper than servo motors
5.2.3 Opportunities
5.2.3.1 The demand for feedback control in servo systems drives the demand for encoders
5.2.3.2 Growing adoption of smart manufacturing measures in industry
5.2.4 Challenges
5.2.4.1 Disruption of steel industry supply chain
5.2.4.2 Lack of skilled labor to handle the complexities of automated manufacturing facilities
5.3 Trends/Disruptions Impacting Customer Businesses
5.3.1 Income transfers and new sources of income
5.4 Value chain analysis
5.4.1 Raw material suppliers/suppliers
5.4.2 Parts manufacturers
5.4.3 Manufacturer/Assembler
5.4.4 End users
5.4.5 After-sales service providers
5.5 Market Map
5.6 Average selling price trend
5.7 Technical Analysis
5.8 Trade Analysis
5.9 Tariff and regulatory environment
5.10 Porter’s Five Forces Analysis
5.11 Main stakeholders and purchasing criteria
5.12 Innovation and registered patents
5.13 Case analysis
5.13.1 Motion control motors and drives designed with cutting-edge technology accelerate bottle labeling
5.13.2 Use Moog Animatics smart motor data to troubleshoot the motion control system
5.14 Important meetings and events in 2022-2023

6 Servo Motors and Drivers Market (by Product Classification)
6.1 Introduction
6.2 Hardware
6.2.1 Sensor
6.2.1.1 Adoption of MEMS-based sensors to promote market growth
6.2.2 Controller module
6.2.2.1 The controller module improves servo motor efficiency by tracking command input and blocking errors
6.2.3 Encoder
6.2.3.1 The increasing demand for industrial robots drives the adoption of high-resolution rotary encoders
6.2.4 Electronic amplifiers
6.2.4.1 Development of Class D amplifiers based on enhancement mode GaN field effect transistors to promote the use of electronic amplifiers
6.2.5 Other components
6.3 Software and Services
6.3.1 Servo software automates the various tasks involved in operating and monitoring connected field devices

7 Servo Motors and Drives Market (By Product Type)
7.1 Introduction
7.2 Servo motor
7.2.1 Growing demand for closed-loop control to improve industrial process reliability
7.3 Servo drive
7.3.1 Growing demand for servo drives to control servo motors

8 Servo Motors and Drives Market (by Voltage)
8.1 Introduction
8.2 Low voltage (below 400V)
8.2.1 Ease of operation and lower installation and maintenance costs drive the market
8.3 Medium voltage (400V～690V)
8.3.1 Medium voltage servo drives have the advantages of economies of scale and high reliability
8.4 High voltage (above 690V)
8.4.1 High-voltage servo drives provide programmable settings to improve quality assurance

9 Servo Motors and Drives Market (by System Type)
9.1 Introduction
9.2 Linear systems
9.2.1 Direct-drive linear servo motors have the advantages of increasing throughput and improving accuracy.
9.3 Rotation system
9.3.1 Need to improve productivity of various industrial processes to drive penetration

10 Servo motor and drive market (by braking technology)
10.1 Introduction
10.2 Spring
10.2.1 Spring brakes are mainly used in robots, elevators and lifting machines
10.3 Permanent magnets
10.3.1 Permanent magnet brakes suitable for robots and handling equipment
10.4 Others

11 Servo Motors and Drives Market (By Material of Construction)
11.1 Introduction
11.2 Stainless steel
11.2.1 The ability of stainless steel to cope with harsh environments drives demand
11.3 Others

12 Servo motor and driver market (by communication type)
12.1 Introduction
12.2 On-site busbar
12.2.1 Reduce communication cable installation to drive demand
12.3 Industrial Ethernet
12.3.1 Features such as high-speed transmission drive demand
12.4 Wireless
12.4.1 Reliable communication technologies such as WLAN and Bluetooth drive the market

13 Servo Motors and Drives Market (By End User)
13.1 Introduction
13.2 Automobiles and Transportation
13.2.1 New mobile technologies drive demand
13.3 Semiconductors and Electronics
13.3.1 Servo motors promote semiconductor manufacturing process
13.4 Food processing
13.4.1 High-precision requirements in the food processing industry create demand
13.5 Textiles
13.5.1 Servo motors provide high quality production to accelerate demand
13.6 Petrochemicals
13.6.1 Servo motor’s ability to work in harsh environments drives the market
13.7 Pharmaceuticals and Healthcare
13.7.1 Servo motors correctly handle the requirements of the production process to drive the market
13.8 Packaging
13.8.1 Demand for speed, precision and reliability in packaging applications drives market development
13.9 Printing and paper
13.9.1 The elasticity of printing business stimulates demand
13.10 Others

14 Regional Analysis

15 Competitive Landscape
15.1 Strategies adopted by key players
15.2 Market share analysis of top five players in 2021
15.3 Five-year company revenue analysis
15.4 Company Evaluation Matrix/Quadrants
15.4.1 Stars
15.4.2 General players
15.4.3 Emerging Leaders
15.4.4 Participants
15.5 New Startup/SME Assessment Quadrant
15.5.1 Progressive Corporation
15.5.2 Responsive companies
15.5.3 Dynamic companies
15.5.4 Start block
15.6 Competitive Benchmarks
15.7 Servo Motors and Drives Market: Company Footprints
15.8 Competition scenario

16 Company Profile
16.1 Yaskawa Electric
16.2 Mitsubishi Electric
16.3 Siemens
16.4 Schneider Electric
16.5 Rockwell Automation
16.6 Abu
16.7 Nidec
16.8 Delta Electronics
16.9 FANUC
16.10Fuji Electric
16.11 Kollmorgen
16.12 Parker Hannifin Corporation
16.13 Omron Corporation (OMRON)
16.14 Stitch European Drive
16.15 Lenz
16.16 Bosch Rexroth
16.17 Leave
16.18 AMETEK
16.19 Luo Zun Robot
16.2 Adtech (Shenzhen) Technology Co., Ltd.

17 Appendix

For more information about this report, please visit https://www.researchandmarkets.com/r/wfwy7w

• Global Servo Motors and Drives Market