The demand for industrial automation would continue to grow due to the increased requirements of high product quality, paired with expectations of equally high reliability in high volume production.
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The servo motors and drives market size, in terms of value, is expected to grow from USD 10.26 billion in 2015 to USD 15.92 billion by 2022, at a CAGR of 6.25% between 2016 and 2022.
Servo motors and drivers are the key elements of the automation industry and provide high accuracy, efficiency with low maintenance cost which is a strong requirement of automated machines. Risk and uncertainty in the market and lack of skilled workforce and trained workers are the major restraints in the market.
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With a high demand for motors worldwide, the automotive industry has been witnessing rapid changes in terms manufacturing technology, to enhance automotive production and manufacturing facilities. There is a high demand for servo drives, controllers, and motors across the globe, as they help enhance the efficiency of production and manufacturing facilities in the automotive industry.
These drives, controllers, and motors are important components of motion control systems. Moreover, motion control systems find wide application in the automotive industry for precision fuel injection, auto body painting, linear and rotary solution, speed control, and assembly application.
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The scope of this report covers the servo motors and drives market based on offering, type, material of construction, voltage range, communication protocol, industry, and geography. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the servo motors and drives market.
Key Points From Table Of Content:
7 Servo Motors and Drives Market, By Offering
7.2 Motor Components
7.2.2 Controller Modules
7.2.4 Other Motor Components
7.3 Drive Components
7.3.1 Electronic Amplifiers
7.3.2 Control Systems
7.3.4 Other Drive Components
7.4 Software & Services
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15 Company Profiles
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
15.2 Yaskawa Electric Corp.
15.3 Mitsubishi Electric Corp.
15.4 Siemens AG
15.5 Schneider Electric
15.6 Rockwell Automation, Inc.
15.7 ABB Ltd.
15.8 Delta Electronics, Inc.
15.9 Emerson Electric Co.
15.10 FANUC Corp.
15.11 Kollmorgen Corp.
15.12 Adtech (Shenzhen) Technology Co., Ltd.
15.13 Bosch Rexroth AG
15.14 Kinco Automation Pvt. Ltd.
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