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.
This report contains market size and forecasts of Servo Motors and Drives in global, including the following market information:
Global Servo Motors and Drives Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Servo Motors and Drives Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Servo Motors and Drives companies in 2021 (%)
The global Servo Motors and Drives market was valued at 12870 million in 2021 and is projected to reach US$ 16850 million by 2028, at a CAGR of 3.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Servo Motors Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Servo Motors and Drives include Yaskawa, Mitsubishi, Fanuc, Siemens, ABB, Rockwell, Nidec, Panasonic and Delta, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Servo Motors and Drives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Servo Motors and Drives Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Servo Motors and Drives Market Segment Percentages, by Type, 2021 (%)
Servo Motors
Servo Drives
Global Servo Motors and Drives Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Servo Motors and Drives Market Segment Percentages, by Application, 2021 (%)
Machinery-related Industries
Electronics-related Industries
Others
Global Servo Motors and Drives Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Servo Motors and Drives Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Servo Motors and Drives revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Servo Motors and Drives revenues share in global market, 2021 (%)
Key companies Servo Motors and Drives sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Servo Motors and Drives sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Yaskawa
Mitsubishi
Fanuc
Siemens
ABB
Rockwell
Nidec
Panasonic
Delta
SANYO DENKI
Rexroth (Bosch)
Teco
Schneider
Moog
Oriental Motor
Toshiba
Parker Hannifin
Inovance
Kollmorgen
Lenze