Global Servo Drives Market Growth 2023-2029

Global Servo Drives Market Growth 2023-2029

A servo drive is a special electronic amplifier used to power electric servomechanisms. A servo drive monitors the feedback signal from the servomechanism and continually adjusts for deviation from expected behavior.

LPI (LP Information)' newest research report, the “Servo Drives Industry Forecast” looks at past sales and reviews total world Servo Drives sales in 2022, providing a comprehensive analysis by region and market sector of projected Servo Drives sales for 2023 through 2029. With Servo Drives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Servo Drives industry.

This Insight Report provides a comprehensive analysis of the global Servo Drives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Servo Drives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Servo Drives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Servo Drives and breaks down the forecast by power, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Servo Drives.

The global Servo Drives market size is projected to grow from US$ 10160 million in 2022 to US$ 14780 million in 2029; it is expected to grow at a CAGR of 14780 from 2023 to 2029.

Global Servo Drives key players include ABB, Siemens, Yasukawa, Rexroth (Bosch), Panasonic, etc. Global top five manufacturers hold a share over 30%.

Asia is the largest market, with a share over 55%, followed by Europe and North America, both have a share over 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Servo Drives market by product power, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by power

Below 1KW

From 1KW to 5KW

Above 5KW

Segmentation by application

Small Equipment

Medium Machinery

Large Machinery

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Panasonic

Yasukawa

ABB

Fanuc

Mitsubshi

Yokogawa

Okuma

Omron

Siemens

Hitachi

Fuji

Toshiba

Lenze

Shinano Kenshi

Toyo

Rexroth (Bosch)

NEC

Sanyo Denki

Keyence

Tamagawa

Rockwell

Schneider

NSK

Emerson

Danaher Motion

Delta

Parker Hannifin

TECO

Inovance Technology

Oriental Motal

Key Questions Addressed in this Report

What is the 10-year outlook for the global Servo Drives market?

What factors are driving Servo Drives market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Servo Drives market opportunities vary by end market size?

How does Servo Drives break out power, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.