Press release
Servo Motors And Drives Market Size and Growth Analysis | Global Forecast 2022-2031
Servo Motors and Drives Market
The regions covered in the Servo Motors and Drives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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The servo motors and drives market consists of sales of servo motors and drives and related servies by entities (organizations, sole traders, and partnerships) that manufacture servo motors and drives. Servo motors or linear or rotary actuators that help enable control of linear and angular acceleration, positioning, and velocity, made in brush and brushless types. Servo drives are also called servo amplifiers; these devices have the ability to take a low power command signal from a motion controller and turn it into high power current/voltage. Servo motors and drives are most commonly utilized in the manufacturing industry for production line robots that help create cars and airplanes that need high repetition yet precise welding, drilling, fastening, sealing, dispensing, and rigid manufacturing.
Key competitors in the Servo Motors and Drives market include Siemens, Mitsubishi, Schneider Electric, ABB, Fuji Electric, Yaskawa, Emerson Electric, Rockwell Automation, Estun automation, Kinco Automation, Danfoss, ESR Pollmeier, Heason, Elmo Motion Control, KEB Automation, Allen Bradley, and Omron Corporation.
The global servo motors and drives market size is expected to grow from $13.29 billion in 2021 to $14.12 billion in 2022 at a compound annual growth rate (CAGR) of 6.21%. The global servo motor and drive market size is expected to grow to $20.38 billion in 2026 at a CAGR of 9.61%.
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TBRC's report segments the global Servo Motors and Drives market:
1) By Type: Motor, Drive
2) By Voltage Range: Low-Voltage, Medium-Voltage
3) By End-User: Automotive, Oil and Gas, Healthcare, Packaging, Semiconductor and Electronics, Chemicals and Petrochemicals
4) By Offering: Hardware, Software
Read further on the Servo Motors and Drives market here:
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The Table of Contents includes:
1. Executive Summary
2. Servo Motors and Drives Market Characteristics
3. Servo Motors and Drives Market Trends And Strategies
4. Impact Of COVID-19 On Servo Motors and Drives Market
5. Servo Motors and Drives Market Size And Growth
.....
27. Servo Motors and Drives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Servo Motors and Drives Market
29. Servo Motors and Drives Market Future Outlook And Potential Analysis
30. Appendix
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A servo drive can also be referred to as an amplifier, because it takes the control signal from the controller and amplifies it to deliver a specific amount of voltage and current to the motor.
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