A servo motor is a rotary actuator that allows for precise control of angular position. Servo motors are utilized in industrial machine tools, CNC manufacturing machines and processes, and packaging applications. Electronic Equipment utilize servo motors because of their smooth commutation and accurate positioning. The aerospace industry makes use of servo motors in their hydraulic systems to contain system hydraulic fluid.
The global market for Servo Motors and Drives is estimated to increase from US$ 12240 million in 2021 to reach US$ 16380 million by 2028, exhibiting a CAGR of 4.3% during 2022-2028. Keeping in mind the uncertainties of COVID-19 and Russia-Ukraine War, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Global main manufacturers of servo motors and drives include Yaskawa, Mitsubishi, Fanuc, Siemens, etc. These top four manufacturers hold a market share about 37%. Japan is the main production region in the world.
Report Coverage
This latest report provides a deep insight into the global Servo Motors and Drives market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, value chain analysis, etc.
This report aims to provide a comprehensive picture of the global Servo Motors and Drives market, with both quantitative and qualitative data, to help readers understand how the Servo Motors and Drives market scenario changed across the globe during the pandemic and Russia-Ukraine War.
The base year considered for analyses is 2021, while the market estimates and forecasts are given from 2022 to 2028. The market estimates are provided in terms of revenue in USD millions and volume in K Units.
Market Segmentation:
The study segments the Servo Motors and Drives market and forecasts the market size by Type (Servo Motors and Servo Drives,), by Application (Machinery-related Industries, Electronics-related Industries and Others,), and region (APAC, Americas, Europe, and Middle East & Africa).
Segmentation by type
Servo Motors
Servo Drives
Segmentation by application
Machinery-related Industries
Electronics-related Industries
Others
Segmentation by region
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Major companies covered
Yaskawa
Mitsubishi
Fanuc
Siemens
ABB
Rockwell
Nidec
Panasonic
Delta
SANYO DENKI
Rexroth (Bosch)
Teco
Schneider
Moog
Oriental Motor
Toshiba
Parker Hannifin
Inovance
Kollmorgen
Lenze
Omron
Zhejiang He Chuan Tech
SEW
Fuji Electric
TAMAGAWA SEIKI
LS Electric
Danfoss
Beckhoff
Huashu Robot Co., Ltd
Guangzhou CNC Equipment
INVT (Shenzhen INVT Electric Co.,Ltd)
STEP Electric Corporation
Wuhan Maixin Electric Technology
Tsino-Dynatron Electrical Technology(Beijing)
Chapter Introduction
Chapter 1: Scope of Servo Motors and Drives, Research Methodology, etc.
Chapter 2: Executive Summary, global Servo Motors and Drives market size (sales and revenue) and CAGR, Servo Motors and Drives market size by region, by type, by application, historical data from 2017 to 2022, and forecast to 2028.
Chapter 3: Servo Motors and Drives sales, revenue, average price, global market share, and industry ranking by company, 2017-2022
Chapter 4: Global Servo Motors and Drives sales and revenue by region and by country. Country specific data and market value analysis for the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America and Middle East & Africa.
Chapter 5, 6, 7, 8: Americas, APAC, Europe, Middle East & Africa, sales segment by country, by type, and type.
Chapter 9: Analysis of the current market trends, market forecast, opportunities and economic trends that are affecting the future marketplace
Chapter 10: Manufacturing cost structure analysis
Chapter 11: Sales channel, distributors, and customers
Chapter 12: Global Servo Motors and Drives market size forecast by region, by country, by type, and application.
Chapter 13: Comprehensive company profiles of the leading players, including Yaskawa, Mitsubishi, Fanuc, Siemens, ABB, Rockwell, Nidec, Panasonic and Delta, etc.
Chapter 14: Research Findings and Conclusion