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Global servo motor and drive market size/share assumptions


New York, NY, July 05, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has released a new research report titled “Servo Motors and Drives Market Share, Size, Trends, Industry Analysis Report, By System Type (Linear & Rotary); By Voltage (Low Voltage, Medium Voltage, High Voltage); By Application; By Region; Market Segments 2023 – 2032 predict” in its research database.

“According to the latest research and analysis, global Servo motor and drive market size/share The valuation in 2022 is approximately US$14.45 billion, with revenue of It is expected to reach approximately US$26.54 billion by 2032.The market is expected to be The annual compound growth rate is approximately 6.3% Between 2023 and 2032.

what is Servo motors and drives? What is the market size and share of servo motors and drives?

As technology advances, robots and other autonomous applications continue to increase in our daily lives. A servo motor is an independent electrical device that moves machine parts accurately and efficiently. Simply put, a servo motor is a BLDC motor with a sensor for positioning feedback. Servo motors and drives are critical to motion control systems that control the speed, position and acceleration of machinery and equipment.

Servo motors and drives are critical components in many industries that require precise control of their operations because together they increase the accuracy and reliability of motion control systems. The production and distribution of motion control system parts is completed by the Servo Motors and Drives segment. These parts are used in many applications, including robotics, aerospace, industrial automation and medical equipment, expanding the market demand for servo motors and drives.

Request a Sample Copy of Servo Motors and Drives Market Research Report @ https://polarismarketresearch.com/industry-analysis/servo-motors-and-drives-market/request-for-sample

(Sample of this report is readily available upon request. The report sample contains a brief introduction of the research report, table of contents, graphical presentation of regional analysis, top players in the market and their revenue analysis, and our research methodology.)

Our sample reports cover:

  • 2032 Update report introduction, overview, and in-depth industry analysis.
  • 110+ pages of research report including the latest research.
  • Provides chapter-by-section guidance on requests.
  • Regional analysis updated in 2023, graphical representation of size, shares and trends
  • Includes updated list of tables and figures.
  • The updated report includes top market players and their business strategies, sales and revenue analysis.

Some of the top market players are:

  • Yaskawa Electric
  • Mitsubishi Japan
  • Siemens
  • Rockwell Automation
  • Delta Electronics
  • Kollmorgen Corporation
  • Parker Hannifin Corporation
  • Omron Corporation
  • SEW European Drive
  • Rozum Robotics
  • Zotye Technology
  • Fuji Electric
  • Schneider Electric
  • Nidec Electric Co., Ltd.
  • Hitachi Manufacturing Co., Ltd.
  • FANUC Corporation
  • ABB
  • Application motor products
  • Japanese Pulse America Corporation

For additional list of key players, please request to download the free report PDF brochure here: https://polarismarketresearch.com/industry-analysis/servo-motors-and-drives-market/request-for-sample

Outstanding Growth Drivers

  • The demand for motion control systems continues to grow: The servo motors and drives market is expected to continue growing over the next few years owing to the increasing demand for motion control systems, especially in automated production plants of small and medium-sized enterprises. These systems help increase the productivity of manufacturing facilities.
  • Increase government involvement: Governments in developing countries around the world are increasingly making digitalization efforts, and construction investment continues to expand. These factors will drive servo motors and drive market growth.
  • The rise of automated systems: The increasing need to measure speed, torque, and position to maintain quality and efficiency in different procedures and the increasing use of encoders to reduce the number of connections and wires required are two factors that are expected to further create significant growth in the market Chance.

Key findings of the report

  • The market for servo systems is expanding due to improvements in productivity, reliability, and machine throughput, as well as their superior ability to receive input from controllers and computer sensors, making them ideal for performing precision tasks such as advanced automated manufacturing, CNC machining, and robotics. Excellent choice for missions.
  • The servo motors and drives market segments are primarily based on voltage, system type, region, and application.
  • Asia Pacific region will dominate the market with the highest revenue share in 2022.

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Key trends affecting the market

  • High investment in R&D activities: Huge growth opportunities are expected to emerge soon due to the increasing acceptance of international standards for energy conservation, integration of motor control components with motors, and continued development of automation technology through heavy investment in R&D initiatives.
  • Desire for high-speed motor systems: The industry’s growing demand for high-speed, precise motor system operation, technological advancements, and various regulatory rebate policies are expected to have a significant impact on the servo motors and drives market size.
  • Increased prevalence and benefits: The market is also benefiting from the increasing use of servo motors and drives, as they offer many advantages over traditional DC motors and stepper motors, including built-in feedback systems and high revolutions per minute.

segmentation analysis

  • The rotating industry occupies an important market share

The rotation industry is expected to hold a significant portion of the servo motors and drives market share during the forecast period. Due to the rapid development of direct drive rotary servo motors around the world, gearboxes, pulleys and other mechanical components are no longer required, resulting in faster settling times, better load control and lower energy consumption.

Furthermore, rotary motors have become very popular in various industries such as healthcare, food processing, packaging, printing, textiles, automotive and transportation due to their many advantages such as low energy consumption, high-resolution precise feedback and the resulting torque. density.

  • Low voltage industry is growing fastest

The low-voltage industry is likely to grow significantly throughout the forecast period due to its high compatibility with mobile applications that require higher efficiency, high acceleration, switching process, and low noise. Additionally, the industry is growing due to its simplicity of use, greater reliability compared to competing products, and low installation and maintenance costs.

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Servo Motors and Drives Market: Report Scope and Segmentation

Report properties detail
2032 Revenue Forecast US$26.54 billion
Market size value in 2023 US$15.34 billion
expected compound annual growth rate Growth of 6.3% from 2023 to 2032
base year 2022
forecast year 2023 – 2032
Top market players Yaskawa Electric, Mitsubishi Japan, Siemens, Rockwell Automation, Delta Electronics, Kollmorgen Corporation, Parker Hannifin Corporation, Omron Corporation, SEW Eurodrive, Rozum Robotics Inc., ADTECH Technology Co. Ltd., Fuji Electric, Schneider Electric, Nidec Electric Co., Ltd., Hitachi Ltd., Fanuc Corporation, ABB, Applied Motor Products and Nippon Pulse America Inc.
Market segments covered By system type, by voltage, by application, by region
Customization options Customized purchasing options are available to meet any research need. Explore custom purchasing options

Geographical overview

Asia-Pacific: The Asia-Pacific region dominates the field of robotics due to the rapid expansion of development activities, especially in the field of robotics, in countries such as China, Japan, Malaysia and South Korea, and the continuous adoption of various smart manufacturing initiatives for various applications. The servo motors and drives market accounted for the highest revenue share in 2018 and is expected to maintain its dominance throughout the forecast period.

North America: The servo motors and drives market in North America is expected to experience the fastest growth throughout the forecast period, primarily due to the increase in manufacturing processes, which are becoming more automated and increasingly demanding accuracy and repeatability. Rapid growth in energy demand, upgrading of production and development operations, and decreasing dependence on different coal deposits are expected to have a positive impact on the growth of the regional market.

View detailed report “Servo Motors and Drives Market Share, Size, Trends, Industry Analysis Report, By System Type (Linear & Rotary); By Voltage (Low Voltage, Medium Voltage, High Voltage); By Application; By Region; Market Segments 2023 – 2032 predict” With an in-depth table of contents: https://polarismarketresearch.com/industry-analysis/servo-motors-and-drives-market

For further information or media inquiries please mail to: sales@polarismarketresearch.com

recent developments

  • Renesas Electronics launched the new Renesas RZ/T2M motor microprocessor unit in June 2022.
  • Yaskawa Motor launched its latest AC servo driver “-X Series” in March 2021. It has the best motion performance and digital data in the industry.

The report answers the following questions:

  • How big is the current market size of servo motors and drives?
  • Which region will lead the global market?
  • What is the research cycle for this market?
  • What factors are driving servo motors and driving market growth?
  • Who are the key players in the industry?
  • Which segment dominates the market?

Polaris Market Research segments the Servo Motors and Drives market report based on system type, voltage application, and region:

Outlook by system type

Outlook by Voltage

  • low voltage
  • medium pressure
  • high pressure

By application prospect

  • Automotive and Transportation
  • Semiconductors and Electronics
  • food processing
  • textile
  • Petrochemical
  • Pharmaceuticals and Healthcare
  • Package
  • robot technology
  • Printing and Papermaking
  • others

Outlook by region

  • North America (United States, Canada)
  • Europe (France, Germany, United Kingdom, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, South Africa)

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