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

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Servo Motors & Drives Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
  • Expanding automotive and healthcare sectors requiring servo motors and drives
  • Government initiatives to incorporate automation in industries and Industry 4.0 initiatives
Market Restraints
  • Technical limitations of servo motors and drives
Market Opportunities
  • Advancements to improve the performance and functionality of servo motors and drives
  • Development of energy-efficient servo motors and drives
Market Challenges
  • Issues related to maintenance and calibration and chances of system failure
Market Segmentation Analysis
  • Product: Expanding use of servo motors in industrial and manufacturing settings
  • Nominal Power: Advancements to improve performance of servo motors and drives above the nominal power range of 7 KW
  • End-user: Adoption of servo motors and drives for performance optimization of acceleration, speed, and torque in automotive industry
Market Disruption Analysis
  • Porter’s Five Forces Analysis
  • Value Chain & Critical Path Analysis
  • Pricing Analysis
  • Technology Analysis
  • Patent Analysis
  • Trade Analysis
  • Regulatory Framework Analysis
FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Servo Motors & Drives Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Servo Motors & Drives Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Applied Motion Products Inc. Launch New Servo Drives, Motors and More For AGV and AMR Applications – Available From Mclennan

Applied Motion Products Inc. (AMP) has launched a new range of 48 VDC brushless DC servo motors equipped with 16-bit magnetic encoders and compatible high-current single/dual-axis drives. With this launch, the company planned to improve its business offerings and acquire a broader customer base. In addition, an exclusive distribution partner for AMP, the motion components manufacturer, Mclennan, provides comprehensive application support from initial project development to series supply.

Siemens Launches New Servo Drive System for Battery and Electronics Industry

Siemens AG has launched the Sinamics S200, a servo drive and motor system designed to meet the precision demands of various industries, including electronics and battery manufacturing. With this launch, the company planned to provide users with a user-friendly motion control hub with integration of Sinamics S200 with a Simatic controller.

Kollmorgen Introduces the AKMA Servo Motor

Kollmorgen has introduced the AKMA servo motor to cater to the needs of machine designers seeking a cost-effective and hygienic solution for medium- to heavy-washdown applications. The new launch by the company empowers engineers to balance performance with value and avoids unnecessary expenditure on surface quality.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Servo Motors & Drives Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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


    Please 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. 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
    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 Disruption Analysis
    5.4. Porter’s Five Forces Analysis
    5.4.1. Threat of New Entrants
    5.4.2. Threat of Substitutes
    5.4.3. Bargaining Power of Customers
    5.4.4. Bargaining Power of Suppliers
    5.4.5. Industry Rivalry
    5.5. Value Chain & Critical Path Analysis
    5.6. Pricing Analysis
    5.7. Technology Analysis
    5.8. Patent Analysis
    5.9. Trade Analysis
    5.10. Regulatory Framework Analysis
    6. Servo Motors & Drives Market, by Product
    6.1. Introduction
    6.2. Servo Drives
    6.3. Servo Motors
    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. Market Share Analysis, 2023
    12.2. FPNV Positioning Matrix, 2023
    12.3. Competitive Scenario Analysis
    12.3.1. Applied Motion Products Inc. Launch New Servo Drives, Motors and More For AGV and AMR Applications – Available From Mclennan
    12.3.2. Siemens Launches New Servo Drive System for Battery and Electronics Industry
    12.3.3. Kollmorgen Introduces the AKMA Servo Motor
    12.4. Strategy Analysis & Recommendation
    13. Competitive Portfolio
    13.1. Key Company Profiles
    13.2. Key Product Portfolio

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