Press release
AC servo motors and drives market Growth Analysis 2022, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2027
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/ac-servo-motor-market-103513
The global AC servo motors and drives market size is expected to showcase considerable growth by reaching USD 10.79 billion by 2027 while exhibiting a CAGR of 6.64% between 2020 and 2027. This is attributable to the increasing adoption of robots and smart machines that will propel the demand for advanced AC servo motors and drives worldwide.
Halted Industrial Operations Affecting Market Growth
The lockdown announced by the government agencies has halted several industrial activities leading to supply disruption. Moreover, the limited availability of the workforce and decreased demand is hampering the growth prospects of several industries. However, the situation post-pandemic is likely to favor the market growth with the resumption of industrial operations by implying the stringent regulations set by the government to contain the spread of the novel coronavirus. The AC servo system that includes AC servo motors and drives is typically a closed-loop system that utilizes position feedback to control the motion, speed, and final position of the machines. Additionally, AC servo drive is a type of electric amplifier that is primarily used to control AC servo motors.
List of the Companies Profiled in the Global Market:
ABB Group (Switzerland)
Delta Electronics, Inc. (Taiwan)
FANUC Corporation (Japan)
Fuji Electric Co., Ltd. (Japan)
Kollmorgen Corporation (The U.S.)
Mitsubishi Electric Corporation (Japan)
Nidec Corporation (Japan)
Rockwell Automation, Inc. (The U.S.)
Schneider Electric SE (France)
Siemens AG (Germany)
Yaskawa Electric Corporation (Japan)
What does the Report Provide?
The global market for AC servo motors and drives report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaborate that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER's Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.
DRIVING FACTORS
Increasing Adoption of Industrial Robots to Augment Growth
As per the International Federation of Robotics, globally in 2019, about 373,240 industrial robot units valued at USD 13.8 billion were installed across several industrial applications. Out of it, 28% of robots were installed in the automotive industry and 24% in the electronics industry. The growing demand for industrial robots to speed up the industrial processes is expected to boost the demand for advanced AC servo motors and drives globally. Furthermore, the surging demand for innovative AC servo systems that provide smoother, flexible, and longer operational capability is anticipated to contribute to the global AC servo motors and drives the market growth in the forthcoming years
Get Customized PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/customization/ac-servo-motor-market-103513
SEGMENTATION
Low Voltage Held 45.2% AC Servo Motors and Drives Market Share in 2019
Based on voltage range, the low voltage segment is expected to showcase considerable growth in the forthcoming years. This is ascribable to factors such as the growing utilization of low voltage servo motors for mobile robot applications. The low voltage servo motor requires a low maintenance cost. The segment held a market share of about 45.2% in 2019.
REGIONAL INSIGHTS
Asia-Pacific to Remain Dominant; Growing Number of Manufacturing Industries to Aid Growth
Among all the regions, Asia-Pacific is expected to hold the highest position in the global AC servo motors and drives market in the forthcoming years. This is ascribable to factors such as the growing number of manufacturing units in countries such as South Korea, China, and Japan that will boost the adoption of advanced AC servo motors and drives in the region.
The market in Rest of the World is anticipated to experience significant growth backed by the growing adoption of industrial automation in the region between 2020 and 2027.
COMPETITIVE LANDSCAPE
Significant Investment by Eminent Companies to Strengthen Their Market Positions
The global market is consolidated by the presence of major companies focusing to maintain a stronghold by investing in the development of innovative AC servo systems. In addition to this, other key players are adopting strategies such as merger and acquisition, facility expansion, and collaboration that will favor market growth in the forthcoming years.
Industry Development:
April 2020 - Mitsubishi Electric Corporation launched advanced MELSERVO-J5 Series of AC servo motors, amplifiers, and motion control units. The new series, according to the company, offers high flexibility, efficiency, performance, and reliability. Moreover, it is generally designed to be adopted for industrial applications such as material handling, packaging, and printing.
Buy Now this Report- https://www.fortunebusinessinsights.com/checkout-page/103513
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release AC servo motors and drives market Growth Analysis 2022, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2027 here
News-ID: 2586705 • Views: …
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop …
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected to…
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion by…
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow …
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growth…
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by …
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution…
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
Digital Living Room Market 2017 - 2025 : Sharp Corporation, BenQ Corporation, So …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
