“Servo Motors and Drives Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global servo motors and drives market.
This report focuses on servo motors and drives market which is experiencing strong growth. The report gives a guide to the servo motors and drives market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the servo motors and drives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Servo Motors and Drives market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider servo motors and drives market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The servo motors and drives market section of the report gives context. It compares the servo motors and drives market with other segments of the servo motors and drives market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, servo motors and drives indicators comparison.
Scope
Markets Covered:
- 2) By Voltage Range: Low-Voltage; Medium-Voltage
- 3) By End User: Automotive; Oil and Gas; Healthcare; Packaging; Semiconductor and Electronics; Chemicals and Petrochemicals
- 4) By Offering: Hardware; Software
- Companies Mentioned: Siemens; Mitsubishi; Schneider Electric; ABB; Fuji Electric
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the servo motors and drives market are: Siemens, Mitsubishi, Schneider Electric, ABB, Fuji Electric, Yaskawa, Emerson Electric, Rockwell Automation, Estun automation, Kinco Automation, Danfoss, ESR Pollmeier, Heason, Elmo Motion Control, KEB Automation, Allen Bradley, and Omron Corporation.
The global servo motors and drives market is expected to grow from $13.29 billion in 2021 to $14.12 billion in 2022 at a compound annual growth rate (CAGR) of 6.21%. The market is expected to grow to $20.38 billion in 2026 at a CAGR of 9.61%.
The servo motors and drives market consists of sales of servo motors and drives and related servies by entities (organizations, sole traders, and partnerships) that manufacture servo motors and drives. Servo motors or linear or rotary actuators that help enable control of linear and angular acceleration, positioning, and velocity, made in brush and brushless types. Servo drives are also called servo amplifiers; these devices have the ability to take a low power command signal from a motion controller and turn it into high power current/voltage. Servo motors and drives are most commonly utilized in the manufacturing industry for production line robots that help create cars and airplanes that need high repetition yet precise welding, drilling, fastening, sealing, dispensing, and rigid manufacturing.
The main types of servo motors and drives are motor and drive. Motors are rotary or linear actuators that allow control of both linear as well as angular acceleration, velocity, and positioning. They are available in both brush and brushless types, however brushless is today's preferred version. Servo motors have different voltage ranges that include low-voltage and medium-voltage. The various end users are automotive, oil and gas, healthcare, packaging, semiconductor and electronics, and chemicals and petrochemicals. The market has two types of offerings: hardware and software.
Asia Pacific was the largest region in the servo motors and drivers market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rising automation is expected to propel the growth of the servo motors and drives market. Servo motors and drives are components of automation systems such as robots, conveyor systems, and others in factories. For instance, in 2021, a survey of 250 UK manufacturing companies conducted by ABB Robotics found a change in attitudes towards automation in the country, with 81.2% of companies saying they are considering an investment in robots because of the pandemic. Robots are seen as a potential solution - 48.8% of respondents said they were likely to invest in automation in the next five years, and 50.4% said robots would help them comply with social distancing requirements. Furthermore, in 2019, in Russia, enterprises spent more than $1.5 billion to integrate automation into their projects, which helped robotic automation to grow at a massive rate of 60%. Therefore, rising automation is driving the servo motors and drives market.
Technological advancement is a key trend in the servo motors and drives market. Technological advancements help with the development of the design of the product as well as simplify motion control. For instance, in March 2019, Siemens introduced the new Sinamics S210 Servo Drive System that can be used for simplifying motion control. The new sinamics S210 servo drive system is specifically designed to work with Simotics S-1FK2 motors. This new system is employed in various applications such packaging machines, handling applications like pick-and-place, wood, and plastics processing.
In June 2019, Mitsubishi Electric Corporation, Japan-based, electronics, and electrical equipment manufacturing company, acquired an equity stake in Akribis Systems Pte Ltd, a manufacturer of linear servo motors and linear stages, for an undisclosed amount. Through this transaction, Mitsubishi is expected to strengthen its industrial automation solutions for the global market. Akribis Systems is based in Singapore and was founded in 2004.
The countries covered in the Servo Motors and Drives market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Servo Motors and Drives Market Characteristics
3. Servo Motors and Drives Market Trends And Strategies
4. Impact Of COVID-19 On Servo Motors and Drives
5. Servo Motors and Drives Market Size And Growth
- 5.1. Global Servo Motors and Drives Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Servo Motors and Drives Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Servo Motors and Drives Market Segmentation
- 6.1. Global Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Motor
- Drive
- 6.2. Global Servo Motors and Drives Market, Segmentation By Voltage Range, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Low-Voltage
- Medium-Voltage
- 6.3. Global Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Automotive
- Oil and Gas
- Healthcare
- Packaging
- Semiconductor and Electronics
- Chemicals and Petrochemicals
- 6.4. Global Servo Motors and Drives Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Hardware
- Software
7. Servo Motors and Drives Market Regional And Country Analysis
- 7.1. Global Servo Motors and Drives Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Servo Motors and Drives Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Servo Motors and Drives Market
- 8.1. Asia-Pacific Servo Motors and Drives Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Servo Motors and Drives Market
- 9.1. China Servo Motors and Drives Market Overview
- 9.2. China Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Servo Motors and Drives Market
- 10.1. India Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Servo Motors and Drives Market
- 11.1. Japan Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Servo Motors and Drives Market
- 12.1. Australia Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Servo Motors and Drives Market
- 13.1. Indonesia Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Servo Motors and Drives Market
- 14.1. South Korea Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Servo Motors and Drives Market
- 15.1. Western Europe Servo Motors and Drives Market Overview
- 15.2. Western Europe Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Servo Motors and Drives Market
- 16.1. UK Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Servo Motors and Drives Market
- 17.1. Germany Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Servo Motors and Drives Market
- 18.4. France Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.5. France Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Servo Motors and Drives Market
- 19.1. Eastern Europe Servo Motors and Drives Market Overview
- 19.2. Eastern Europe Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Servo Motors and Drives Market
- 20.1. Russia Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Servo Motors and Drives Market
- 21.1. North America Servo Motors and Drives Market Overview
- 21.2. North America Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Servo Motors and Drives Market
- 22.1. USA Servo Motors and Drives Market Overview
- 22.2. USA Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Servo Motors and Drives Market
- 23.1. South America Servo Motors and Drives Market Overview
- 23.2. South America Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Servo Motors and Drives Market
- 24.1. Brazil Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Servo Motors and Drives Market
- 25.1. Middle East Servo Motors and Drives Market Overview
- 25.2. Middle East Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Servo Motors and Drives Market
- 26.1. Africa Servo Motors and Drives Market Overview
- 26.2. Africa Servo Motors and Drives Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Servo Motors and Drives Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Servo Motors and Drives Market Competitive Landscape And Company Profiles
- 27.1. Servo Motors and Drives Market Competitive Landscape
- 27.2. Servo Motors and Drives Market Company Profiles
- 27.2.1. Siemens
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Mitsubishi
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Schneider Electric
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. ABB
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Fuji Electric
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Servo Motors and Drives Market
29. Servo Motors and Drives Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer