The global servo motors and drives market was valued at USD 12.8 Billion in 2020 and is Projected to reach USD 24.6 billion by 2030, growing at a CAGR of 5.9% from 2022 to 2030.
It is mainly due to the rapid development of the robot industry and the widespread adoption of robot technology in various end-use industries.
Major market player included in this report are:
Yaskawa Electric Corp.
Mitsubishi Electric Corp.
Siemens AG
Schneider Electric
Rockwell Automation, Inc.
ABB Ltd.
Delta Electronics, Inc.
Emerson Electric Co.
FANUC Corp.
Bosch Rexroth AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Servo Motors
Servo Drives
By Voltage Range
Low Voltage
Medium Voltage
High Voltage
By End-Use
Automotive & Transportation Industry
Textile Industry
Petrochemicals Industry
Packaging Industry
Printing & Paper Industry
Others
By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rusia
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
Furthermore, years considered for the study are as follows:
Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.
Target Audience of the Global Servo Motors and Drives Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
