Global Servo Motors and Drives Market Growth 2023-2029

Global Servo Motors and Drives Market Growth 2023-2029

A servo motor is a rotary actuator that allows for precise control of angular position. Servo motors are utilized in industrial machine tools, CNC manufacturing machines and processes, and packaging applications. Electronic Equipment utilize servo motors because of their smooth commutation and accurate positioning. The aerospace industry makes use of servo motors in their hydraulic systems to contain system hydraulic fluid.
LPI (LP Information)' newest research report, the “Servo Motors and Drives Industry Forecast” looks at past sales and reviews total world Servo Motors and Drives sales in 2022, providing a comprehensive analysis by region and market sector of projected Servo Motors and Drives sales for 2023 through 2029. With Servo Motors and Drives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Servo Motors and Drives industry.
This Insight Report provides a comprehensive analysis of the global Servo Motors and 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 Motors and Drives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Servo Motors and Drives market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Servo Motors and Drives and breaks down the forecast by type, 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 Motors and Drives.
The global Servo Motors and Drives market size is projected to grow from US$ 12240 million in 2022 to US$ 16380 million in 2029; it is expected to grow at a CAGR of 16380 from 2023 to 2029.
Global main manufacturers of servo motors and drives include Yaskawa, Mitsubishi, Fanuc, Siemens, etc. These top four manufacturers hold a market share about 37%. Japan is the main production region in the world.
This report presents a comprehensive overview, market shares, and growth opportunities of Servo Motors and Drives market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Servo Motors
Servo Drives
Segmentation by application
Machinery-related Industries
Electronics-related Industries
Others
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.
Yaskawa
Mitsubishi
Fanuc
Siemens
ABB
Rockwell
Nidec
Panasonic
Delta
SANYO DENKI
Rexroth (Bosch)
Teco
Schneider
Moog
Oriental Motor
Toshiba
Parker Hannifin
Inovance
Kollmorgen
Lenze
Omron
Zhejiang He Chuan Tech
SEW
Fuji Electric
TAMAGAWA SEIKI
LS Electric
Danfoss
Beckhoff
Huashu Robot Co., Ltd
Guangzhou CNC Equipment
INVT (Shenzhen INVT Electric Co.,Ltd)
STEP Electric Corporation
Wuhan Maixin Electric Technology
Tsino-Dynatron Electrical Technology(Beijing)
Key Questions Addressed in this Report
What is the 10-year outlook for the global Servo Motors and Drives market?
What factors are driving Servo Motors and Drives market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Servo Motors and Drives market opportunities vary by end market size?
How does Servo Motors and Drives break out type, 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.