Servo Motors and Drives Market | Strategic Assessment and Competitive Analysis

Q: What is the forecasted value of the Servo Motors and Drives Market

The Servo Motors and Drives Market is expected to reach US 19 billion by the end of the forecast period at a CAGR of 58 from 2023 to 2030

Q: What are the key factors driving the growth of the Servo Motors and Drives Market

Key drivers are robotics growth smart manufacturing energy efficiency automotive demand and rising industrialization in emerging economies

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Report Summary

Table of contents

Market Insights

“The Servo Motors and Drives Market size was US$ 12.8 Billion in 2023 and is likely to grow at a steady CAGR of 5.8% in the long run to reach US$ 19 Billion in 2030.”

Market Dynamics

Introduction

Servo Motors and drives are significant in advanced mechanical operations, advertising upgraded exactness, vitality proficiency, and adaptability over different divisions. These gadgets are imperative for robotizing forms in businesses such as fabricating, mechanical technology, and cars, where they give exact movement control by utilizing built-in positional input. Servo drives-so-called amplifiers control the voltage applied to the motors and ensure that the performance is highly effective, and the operational costs are minimal. Automation has raised the demand for servo motors and drives, helping many industries to increase efficiency and improve workflow in any case, challenges such as supply chain disturbances and fluctuating requests, especially due to the COVID-19 widespread, have affected worldwide advertising. Despite these obstacles, the showcase is balanced for critical development, driven by expanding industrialization, the requirement for energy-efficient arrangements, and progressions in mechanical autonomy and computerized advances.

Segments Analysis

Segmentations	List of Sub-Segments	Segments with High Growth Opportunity
Product Type Analysis	Servo Drivers and Servo Motors	The Servo Motors segment will dominate the market during the forecast period.
System Type Analysis	Linear and Rotary	Rotary System is anticipated to be the fastest-growing segment during the forecast period.
Voltage Range Type Analysis	Low, Medium, and High	Low Voltage Range will drive the Servo Motors and Drives Market long term.
End-User Type Analysis	Automotive, Oil & Gas, Healthcare, Packaging, Semiconductor and Electronics, Chemicals, and Petrochemicals	Semiconductor and Electronics will be the fastest-growing segment during the forecasted period.
Region Analysis	North America, Europe, Asia-Pacific, and The Rest of the World	Asia-Pacific is the fastest-growing region in the Servo Motors and Drives Market.

By Product Type

“Servo motors are the largest product type segment.”

The market is segmented into servo drivers and servo motors.
Servo motors are the largest segment of the market, available in a variety of types such as AC, DC, brushless, brushed, and linear motors.
DC servo motors are also characterized by higher torque at low speeds, so they could find application in robotics and conveyor systems.
The servo brushless motors are maintenance-free and highly reliable, while brushed motors are cost-effective and simpler, being used where precision is moderate.

By System Type

“According to system type, the rotary segment is expected to dominate the market share during the forecast period.”

The market is segmented into linear systems and rotary systems.
The rotary segment is expected to drive the major revenue in the market, as the invention of direct-drive rotary servo motors eliminates the components of pulleys and gearboxes, hence increasing their efficiency.
Applications of rotary motors are seen in food processing industries, healthcare, packaging, textile industries, and automotive and transportation, due to advantages like high-resolution precision feedback, low consumption of energy, and finer control over load.
The application of linear motors reduces maintenance needs and gives quieter, cleaner operations since the elimination of mechanical linkages eliminates error sources that could affect motion.

By Voltage Range Type

“Low voltage segment is expected to experience the highest growth.”

The market is segmented into Low, Medium, and High.
The segment of low voltage is expected to account for remarkable growth owing to its compatibility with mobile applications dealing with high acceleration, braking, and efficiency.
The low voltage systems do not require particular operating experience, are not expensive in maintenance and installation, and have other advantages that ensure high reliability, thus pushing the development of this market segment.
Applications of the low-voltage drive in the industries of oil, gas, and petrochemicals further reinforce this segment's growth.

By End-User Type

“The semiconductor and electronics category dominated the market.”

The market is segmented into Automotive, Oil & Gas, Healthcare, Packaging, Semiconductor and Electronics, Chemicals, and Petrochemicals.
The consumption of products used in gadgets, radio-controlled toys, and other applications is one of the factors driving growth in the semiconductor and electronics industry.
Critical strategies are being adopted by leading manufacturers in the market to integrate more innovative solutions into operations as a means for growth.

Regional Analysis

“The Servo Motors and Drives Market is experiencing its fastest growth in the region of Asia-Pacific.”

The market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
The Asia Pacific is expected to lead the global servo motors market, which would be driven by advanced robotics and automation in countries such as Japan, China, and South Korea.
Servo motors having applications in motion control in robotics are a technology in infancy and therefore are in growing demand in emerging economies like India and Indonesia.
Favourable government initiatives and funding toward smart infrastructure projects in the Asia Pacific region.

Key Players

The Servo Motors and Drives Market is fragmented, with the top players accounting for a significant but not dominant share of the overall market, presence of a diverse set of manufacturers, both large and small, contributes to the fragmented nature of this market. The following are the key players in the Servo Motors and Drives Market. The Servo Motors and Drives Market is experiencing significant growth, fuelled by the rising demand for robotics and industrial automation.

Here is the list of the Top Players (Based on Dominance)

Yaskawa Electric Corporation
Mitsubishi Electric Corporation
Siemens AG
Rockwell Automation, Inc.
Schneider Electric SE
ABB Ltd.
Nidec Corporation
Delta Electronics, Inc.
FANUC Corporation
Fuji Electric Co., Ltd.

Note: The above list does not necessarily include all the top players of the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
COVID-19 impact and its recovery curve.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.

The global Servo Motors and Drives Market is segmented into the following categories.

Servo Motors and Drives Market, by Product Type

Servo Drivers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Servo Motors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Servo Motors and Drives Market, by System Type

Linear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Rotary (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Servo Motors and Drives Market, by Voltage Range Type

Low (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Medium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
High (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Servo Motors and Drives Market, by End-User Type

Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Oil and Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Semiconductor and Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Petrochemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Servo Motors and Drives Market, by Region

North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Servo Motors and Drives Market realities and future market possibilities for the forecast period.
The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]

What is the forecasted value of the Servo Motors and Drives Market?

The Servo Motors and Drives Market is expected to reach US$ 19 billion by the end of the forecast period, at a CAGR of 5.8% from 2023 to 2030.

Which region has the largest market share?

The Asia Pacific is expected to dominate the global servo motors and drivers market, driven by advanced robotics and automation in countries such as Japan, China, and South Korea.

Who are the top players in the market?

The major players in the Servo Motors and Drivers Market include Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, ABB Ltd., Nidec Corporation, Delta Electronics, Inc., FANUC Corporation, Fuji Electric Co., Ltd.

What are the key factors driving the growth of the Servo Motors and Drives Market?

Key drivers are robotics growth, smart manufacturing, energy efficiency, automotive demand, and rising industrialization in emerging economies.

What are the main applications of the Servo Motors and Drives Market?

The major applications for the Servo Motors and Drives Market involve industrial automation, robotics, CNC machinery, packaging, automotive manufacturing, material handling, printing, textiles, and smart manufacturing systems needing exact motion control with efficiency.

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Servo Motors And Drivers Market Report