Servo Motors And Drives Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The servo motors and drives market is expected to grow from US $ 13.9 billion in 2021 to US $ 16.8 billion in 2028 and is expected to grow at a cagr of 4% between 2022 and 2028. Servo motors and drives are used for automation in industrial processes resulted in higher throughput, less cost, lower error and less man power requirements. Development of efficient and advanced automation technology worldwide, increased adoption of energy efficient international standards, ease of use of motors and drives and increased integration of motion control components, thriving automotive industry, advantages of servo motors and drives(such as high accuracy and speed, light machinery, size reduction, speed increase and higher torque are the main growth drivers of the global servo motors and drives market. In addition, the adoption of servo motors and drives for applications in new industrial verticals and emerging economies such as China, India, etc. will increase, creating new opportunities for the global servo motors and drives market. However, volatile prices and availability of raw materials, the availability of alternative motors and complex manufacturing processes are key limitations of the global servo motor and drive market.

 

Company Profile

• Adtech (Shenzhen) Technology Co., Ltd.
• Bosch Rexroth AG
• Kinco Automation Pvt. Ltd.
• Yaskawa Electric Corp.
• Mitsubishi Electric Corp.

 

Market Segmentation

Breakup by Voltage Range:

• Low Voltage
• Medium and High Voltage

Breakup by System:

• Linear System
• Rotary System

Breakup by Communication Protocol:

• Fieldbus
• Industrial Ethernet
• Wireless

Breakup by End Use Industry:

• Machine Tools
• Packaging
• Robotics

 

Scope of the Report
The research study analyzes the Servo Motors And Drives Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Servo Motors And Drives Market Report

 

1. What was the Servo Motors And Drives Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Servo Motors And Drives Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Servo Motors And Drives Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.