Servo Motors & Drives Market by Product (Servo Drives, Servo Motors), Nominal Power (0.5 kW -1.8 kW, 2 kW- 7 kW, 7 kW Above), End-user - Global Forecast 2024-2030


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Servo Motors & Drives Market by Product (Servo Drives, Servo Motors), Nominal Power (0.5 kW -1.8 kW, 2 kW- 7 kW, 7 kW Above), End-user - Global Forecast 2024-2030


The Servo Motors & Drives Market size was estimated at USD 13.32 billion in 2023 and expected to reach USD 14.08 billion in 2024, at a CAGR 6.18% to reach USD 20.28 billion by 2030.

Global Servo Motors & Drives Market

Servo motors and drives are electric motors designed to move or rotate an object with precision. Servo motors and drives can accelerate quickly to a commanded position, hold that position, and ensure precise motion control, often finding use in automation, robotics, machinery, and other applications where precision and control are paramount. Industries, including automotive manufacturing, healthcare, packaging, and robotics, leverage the advanced capabilities of servo systems to enhance operational throughput and reliability. The burgeoning industrial automation sector, driven by the need for high productivity and reduced labor costs, is the main catalyst for the adoption of these components. Furthermore, Industry 4.0 initiatives and inclination towards the adoption of smarter manufacturing environments have further propelled demand for servo motors and drives. However, technical limitations of servo motors and drives and difficulties associated with frequent maintenance and calibration of the equipment impede the widespread adoption of motors and drives. Major manufacturers are constantly exploring innovations to expand the precision and performance of servo motors and drives to circumvent issues related to operational and technical limitations of the equipment. In addition, the integration of smart functions, miniaturization, and the development of energy-efficient products cater to the evolving requirements of modern industries.

Regional Insights

The Americas, particularly the U.S., Canada, and Brazil, observe significant use of servo motors & drives owing to the rising manufacturing, automotive, and electronics industries. In terms of production, the region is home to major global manufacturers consistently working on technological advancements and high industrial automation. In the Asia-Pacific region, China, Japan, and South Korea lead in usage and production primarily due to their robust engineering and manufacturing sectors. Emerging economies, such as India and ASEAN countries, present significant market potential due to increasing industrial automation and the growing electronics industry. Europe, notably Germany, France, and the UK, has a steadily growing servo motors & drives market, driven by the presence of significant players with automated facilities catering to the large-scale production of electric vehicles and the need for sophisticated components in renewable energy systems. The MEA region exhibits a moderate growth rate in the servo motors & drives market, with notable usage in the oil and gas industry and manufacturing sector. This region is more of a consumer market as most of the servo motors & drives are imported from Europe and Asia. However, emerging markets such as the UAE and Saudi Arabia are investing in industrial automation, potentially broadening the future market in this region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Servo Motors & Drives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Servo Motors & Drives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Servo Motors & Drives Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd, ADVANCED Motion Controls, Aerotech, Inc., Allied Motion Technologies Inc., Altra Industrial Motion Corp by Regal Rexnord Group, Anaheim Automation, Inc., Applied Motion Products, Inc., Baumüller Nürnberg GmbH, Bharat Bijlee Limited, Bosch Rexroth Corporation by Robert Bosch GmbH, Danfoss A/S, Delta Electronics, Inc., Emerson Electric Co., ESR Pollmeier GmbH, Estun Industrial Technology Europe S.r.l., FANUC Corporation, Festo Inc., Fuji Electric Co., Ltd., Heason by discoverIE Group plc, Hitachi Industrial Equipment Systems Co., Ltd., HIWIN Corporation, Ingnenia Cat S.L.U. by Novanta Inc., Mitsubishi Electric Corporation, Nidec Corporation, Panasonic Corporation, Parker Hannifin Corporation, Rockwell Automation, Inc., Rozum Robotics LLC, Schneider Electric SE, Siemens AG, WEG S.A., and Yaskawa Electric Corporation.

Market Segmentation & Coverage

This research report categorizes the Servo Motors & Drives Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Servo Drives
Servo Motors
AC Servo Motor
Permanent Magnet Shunt Motor
Series Motors
Shunt Control Motor
Split Series Motors
DC Servo Motor
Continuous Rotation Servo Motor
Linear Servo Motor
Positional Rotation Servo Motor
Nominal Power
0.5 kW -1.8 kW
2 kW- 7 kW
7 kW Above
End-user
Automotive & Transportation
Food
Oil & Gas
Packaging
Pharmaceutical & Healthcare
Printing & Paper
Semiconductor & Electronics
Textile
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Servo Motors & Drives Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Servo Motors & Drives Market?
3. What are the technology trends and regulatory frameworks in the Servo Motors & Drives Market?
4. What is the market share of the leading vendors in the Servo Motors & Drives Market?
5. Which modes and strategic moves are suitable for entering the Servo Motors & Drives Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Servo Motors & Drives Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Expanding automotive and healthcare sectors requiring servo motors and drives
5.1.1.2. Government initiatives to incorporate automation in industries and Industry 4.0 initiatives
5.1.2. Restraints
5.1.2.1. Technical limitations of servo motors and drives
5.1.3. Opportunities
5.1.3.1. Advancements to improve the performance and functionality of servo motors and drives
5.1.3.2. Development of energy-efficient servo motors and drives
5.1.4. Challenges
5.1.4.1. Issues related to maintenance and calibration and chances of system failure
5.2. Market Segmentation Analysis
5.2.1. Product: Expanding use of servo motors in industrial and manufacturing settings
5.2.2. Nominal Power: Advancements to improve performance of servo motors and drives above the nominal power range of 7 KW
5.2.3. End-user: Adoption of servo motors and drives for performance optimization of acceleration, speed, and torque in automotive industry
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Servo Motors & Drives Market, by Product
6.1. Introduction
6.2. Servo Drives
6.3. Servo Motors
6.4.1. AC Servo Motor
6.4.2.1. Permanent Magnet Shunt Motor
6.4.2.2. Series Motors
6.4.2.3. Shunt Control Motor
6.4.2.4. Split Series Motors
6.4.2. DC Servo Motor
6.4.3.1. Continuous Rotation Servo Motor
6.4.3.2. Linear Servo Motor
6.4.3.3. Positional Rotation Servo Motor
7. Servo Motors & Drives Market, by Nominal Power
7.1. Introduction
7.2. 0.5 kW -1.8 kW
7.3. 2 kW- 7 kW
7.4. 7 kW Above
8. Servo Motors & Drives Market, by End-user
8.1. Introduction
8.2. Automotive & Transportation
8.3. Food
8.4. Oil & Gas
8.5. Packaging
8.6. Pharmaceutical & Healthcare
8.7. Printing & Paper
8.8. Semiconductor & Electronics
8.9. Textile
9. Americas Servo Motors & Drives Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Servo Motors & Drives Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Servo Motors & Drives Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. New Product Launch & Enhancement
12.3.1.1. Applied Motion Products Inc. Launch New Servo Drives, Motors and More For AGV and AMR Applications – Available From Mclennan
12.3.1.2. Siemens Launches New Servo Drive System for Battery and Electronics Industry
12.3.1.3. Kollmorgen Introduces the AKMA Servo Motor
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. ABB Ltd
13.1.2. ADVANCED Motion Controls
13.1.3. Aerotech, Inc.
13.1.4. Allied Motion Technologies Inc.
13.1.5. Altra Industrial Motion Corp by Regal Rexnord Group
13.1.6. Anaheim Automation, Inc.
13.1.7. Applied Motion Products, Inc.
13.1.8. Baumüller Nürnberg GmbH
13.1.9. Bharat Bijlee Limited
13.1.10. Bosch Rexroth Corporation by Robert Bosch GmbH
13.1.11. Danfoss A/S
13.1.12. Delta Electronics, Inc.
13.1.13. Emerson Electric Co.
13.1.14. ESR Pollmeier GmbH
13.1.15. Estun Industrial Technology Europe S.r.l.
13.1.16. FANUC Corporation
13.1.17. Festo Inc.
13.1.18. Fuji Electric Co., Ltd.
13.1.19. Heason by discoverIE Group plc
13.1.20. Hitachi Industrial Equipment Systems Co., Ltd.
13.1.21. HIWIN Corporation
13.1.22. Ingnenia Cat S.L.U. by Novanta Inc.
13.1.23. Mitsubishi Electric Corporation
13.1.24. Nidec Corporation
13.1.25. Panasonic Corporation
13.1.26. Parker Hannifin Corporation
13.1.27. Rockwell Automation, Inc.
13.1.28. Rozum Robotics LLC
13.1.29. Schneider Electric SE
13.1.30. Siemens AG
13.1.31. WEG S.A.
13.1.32. Yaskawa Electric Corporation
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. SERVO MOTORS & DRIVES MARKET RESEARCH PROCESS
FIGURE 2. SERVO MOTORS & DRIVES MARKET SIZE, 2023 VS 2030
FIGURE 3. SERVO MOTORS & DRIVES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. SERVO MOTORS & DRIVES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. SERVO MOTORS & DRIVES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. SERVO MOTORS & DRIVES MARKET DYNAMICS
FIGURE 7. SERVO MOTORS & DRIVES MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. SERVO MOTORS & DRIVES MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. SERVO MOTORS & DRIVES MARKET SIZE, BY NOMINAL POWER, 2023 VS 2030 (%)
FIGURE 10. SERVO MOTORS & DRIVES MARKET SIZE, BY NOMINAL POWER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. SERVO MOTORS & DRIVES MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. SERVO MOTORS & DRIVES MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS SERVO MOTORS & DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS SERVO MOTORS & DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES SERVO MOTORS & DRIVES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES SERVO MOTORS & DRIVES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC SERVO MOTORS & DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC SERVO MOTORS & DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA SERVO MOTORS & DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA SERVO MOTORS & DRIVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. SERVO MOTORS & DRIVES MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. SERVO MOTORS & DRIVES MARKET SHARE, BY KEY PLAYER, 2023

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