Servo Motors & Drives Market by Product, Nominal Power (0.5 kW -1.8 kW, 2 kW- 7 kW, 7 kW Above), End-user

Description

List of Tables

[185 Pages Report] The Servo Motors & Drives Market size was estimated at USD 13.32 billion in 2023 and expected to reach USD 14.08 billion in 2024, at a CAGR 6.18% to reach USD 20.28 billion by 2030.

Servo motors and drives are electric motors designed to move or rotate an object with precision. Servo motors and drives can accelerate quickly to a commanded position, hold that position, and ensure precise motion control, often finding use in automation, robotics, machinery, and other applications where precision and control are paramount. Industries, including automotive manufacturing, healthcare, packaging, and robotics, leverage the advanced capabilities of servo systems to enhance operational throughput and reliability. The burgeoning industrial automation sector, driven by the need for high productivity and reduced labor costs, is the main catalyst for the adoption of these components. Furthermore, Industry 4.0 initiatives and inclination towards the adoption of smarter manufacturing environments have further propelled demand for servo motors and drives. However, technical limitations of servo motors and drives and difficulties associated with frequent maintenance and calibration of the equipment impede the widespread adoption of motors and drives. Major manufacturers are constantly exploring innovations to expand the precision and performance of servo motors and drives to circumvent issues related to operational and technical limitations of the equipment. In addition, the integration of smart functions, miniaturization, and the development of energy-efficient products cater to the evolving requirements of modern industries.

KEY MARKET STATISTICS
Base Year [2023]	USD 13.32 billion
Estimated Year [2024]	USD 14.08 billion
Forecast Year [2030]	USD 20.28 billion
CAGR (%)	6.18%

Product: Expanding use of servo motors in industrial and manufacturing settings

A servo motor is defined as an electric motor that allows for precise control of angular or linear position, speed, and torque. Servo motors can be characterized into two major types, including AC servo motors and DC servo motors. AC servo motors are known for their ability to handle higher current surges, superior performance, durability, and eminent torque per weight, whereas DC servo motors, due to their smaller size, tend to be used for smaller applications and have faster response times. A permanent magnet shunt motor, prominently used in AC servo systems, utilizes permanent magnets as the field source. Continuous rotation servo motors are designed to rotate indefinitely in either direction, embracing a full 360-degree rotation spectrum. Linear servos differ significantly from their rotational counterparts because they produce motion in a straight line as opposed to angular rotation. Series motors are another type of AC motor where the field and armature windings are connected in series, offering high starting torque. The primary function of the servo drive is to translate low-power command signals from the controller into high-power voltage and current to the motor. The servo drive can regulate and coordinate the motor's desired position, speed, and torque.

Nominal Power: Advancements to improve performance of servo motors and drives above the nominal power range of 7 KW

Servo motors and drives within the nominal power range of 0.5 kW to 1.8 kW are typically employed in smaller-scale applications that require precise control and minimalistic power consumption. These include small-scale manufacturing and assembly precision systems, small CNC machines, and robotics for domestic or educational usage. Servo motors with the range of 2 kW to 7 kW are suitable for medium-power applications. Servos within this power sector are regularly found in automation systems, medium-sized computer numerical control (CNC) milling, lathing machines, packaging machinery, and robotics. They offer a higher torque output and increased power without increasing power consumption, making them highly efficient worker nodes for any manufacturing system. The 7 kW and above category deals with large-scale, industrial-grade applications requiring high output and durability. Large CNC machines, industrial-grade automation systems, electric vehicles, and heavy machinery are among the applications in which these servo motors are deployed. This class of servo motors and drives provides higher speed, more torque, and, consequently, more significant work volume for extended periods.

End-user: Adoption of servo motors and drives for performance optimization of acceleration, speed, and torque in automotive industry

Servo motors and drives play a critical role in the automotive and transportation industry. They facilitate precision control in automated assembly lines and robotic systems, enhancing efficiency in vehicle and parts manufacturing. In the food industry, these devices are instrumental in automated food processing and packaging systems. They ensure accuracy in portions, control machine movements for cutting, slicing, and mixing, and enhance overall cultivation control in high-tech farming practices. Within the oil and gas sector, servo motors and drives contribute significantly to oil drilling and extraction processes. They control robotic arms in off-shore rigging operations and manage flow rates in pipeline systems, optimizing output and ensuring safety. Packaging industries heavily leverage servo motors and drives for their high precision and speed. They control the movements of conveyors, wrapping, and sealing machines and ensure accuracy and efficiency in labeling and pick-and-place applications. Servo motors and drives are employed in the pharmaceutical and healthcare sectors for precision-oriented tasks. They handle lab automation such as fluid handling and sample preparation, control movements in medical device manufacturing, and enable precision-based surgery in medical robotics. Efficient printing and paper industries require servo motors and drives for their versatile applications. They provide precise control in paper feeding, ink distribution, and print positioning, ensuring high speed and quality in printing operations. Semiconductor and electronics industries use servo motors and drives for various critical applications. They facilitate precision positioning in wafer handling, control speed in chip placement, and enhance accuracy in soldering processes, contributing to overall manufacturing efficiency. The utilization of servo motors and drives in the textile industry is significant, where they control spinning, weaving, and knitting machines, thus contributing to the quality and quantity of textile production.

Regional Insights

The Americas, particularly the U.S., Canada, and Brazil, observe significant use of servo motors & drives owing to the rising manufacturing, automotive, and electronics industries. In terms of production, the region is home to major global manufacturers consistently working on technological advancements and high industrial automation. In the Asia-Pacific region, China, Japan, and South Korea lead in usage and production primarily due to their robust engineering and manufacturing sectors. Emerging economies, such as India and ASEAN countries, present significant market potential due to increasing industrial automation and the growing electronics industry. Europe, notably Germany, France, and the UK, has a steadily growing servo motors & drives market, driven by the presence of significant players with automated facilities catering to the large-scale production of electric vehicles and the need for sophisticated components in renewable energy systems. The MEA region exhibits a moderate growth rate in the servo motors & drives market, with notable usage in the oil and gas industry and manufacturing sector. This region is more of a consumer market as most of the servo motors & drives are imported from Europe and Asia. However, emerging markets such as the UAE and Saudi Arabia are investing in industrial automation, potentially broadening the future market in this region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Servo Motors & Drives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Servo Motors & Drives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Servo Motors & Drives Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd, ADVANCED Motion Controls, Aerotech, Inc., Allied Motion Technologies Inc., Altra Industrial Motion Corp by Regal Rexnord Group, Anaheim Automation, Inc., Applied Motion Products, Inc., Baumuller Nurnberg GmbH, Bharat Bijlee Limited, Bosch Rexroth Corporation by Robert Bosch GmbH, Danfoss A/S, Delta Electronics, Inc., Emerson Electric Co., ESR Pollmeier GmbH, Estun Industrial Technology Europe S.r.l., FANUC Corporation, Festo Inc., Fuji Electric Co., Ltd., Heason by discoverIE Group plc, Hitachi Industrial Equipment Systems Co., Ltd., HIWIN Corporation, Ingnenia Cat S.L.U. by Novanta Inc., Mitsubishi Electric Corporation, Nidec Corporation, Panasonic Corporation, Parker Hannifin Corporation, Rockwell Automation, Inc., Rozum Robotics LLC, Schneider Electric SE, Siemens AG, WEG S.A., and Yaskawa Electric Corporation.

Market Segmentation & Coverage

This research report categorizes the Servo Motors & Drives Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Servo Drives
- Servo Motors
  - AC Servo Motor
    - Permanent Magnet Shunt Motor
    - Series Motors
    - Shunt Control Motor
    - Split Series Motors

DC Servo Motor
- Continuous Rotation Servo Motor
- Linear Servo Motor
- Positional Rotation Servo Motor

Nominal Power
- 0.5 kW -1.8 kW
- 2 kW- 7 kW
- 7 kW Above

End-user
- Automotive & Transportation
- Food
- Oil & Gas
- Packaging
- Pharmaceutical & Healthcare
- Printing & Paper
- Semiconductor & Electronics
- Textile

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Servo Motors & Drives Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Servo Motors & Drives Market?

3. What are the technology trends and regulatory frameworks in the Servo Motors & Drives Market?

4. What is the market share of the leading vendors in the Servo Motors & Drives Market?

5. Which modes and strategic moves are suitable for entering the Servo Motors & Drives Market?

Product Code: MRR-961BA04A2ECA

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Expanding automotive and healthcare sectors requiring servo motors and drives
  - 5.1.1.2. Government initiatives to incorporate automation in industries and Industry 4.0 initiatives
- 5.1.2. Restraints
  - 5.1.2.1. Technical limitations of servo motors and drives
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements to improve the performance and functionality of servo motors and drives
  - 5.1.3.2. Development of energy-efficient servo motors and drives
- 5.1.4. Challenges
  - 5.1.4.1. Issues related to maintenance and calibration and chances of system failure
5.2. Market Segmentation Analysis
- 5.2.1. Product: Expanding use of servo motors in industrial and manufacturing settings
- 5.2.2. Nominal Power: Advancements to improve performance of servo motors and drives above the nominal power range of 7 KW
- 5.2.3. End-user: Adoption of servo motors and drives for performance optimization of acceleration, speed, and torque in automotive industry
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Servo Motors & Drives Market, by Product

6.1. Introduction
6.2. Servo Drives
6.3. Servo Motors

7. Servo Motors & Drives Market, by Nominal Power

7.1. Introduction
7.2. 0.5 kW -1.8 kW
7.3. 2 kW- 7 kW
7.4. 7 kW Above

8. Servo Motors & Drives Market, by End-user

8.1. Introduction
8.2. Automotive & Transportation
8.3. Food
8.4. Oil & Gas
8.5. Packaging
8.6. Pharmaceutical & Healthcare
8.7. Printing & Paper
8.8. Semiconductor & Electronics
8.9. Textile

9. Americas Servo Motors & Drives Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Servo Motors & Drives Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Servo Motors & Drives Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Applied Motion Products Inc. Launch New Servo Drives, Motors and More For AGV and AMR Applications - Available From Mclennan
- 12.3.2. Siemens Launches New Servo Drive System for Battery and Electronics Industry
- 12.3.3. Kollmorgen Introduces the AKMA Servo Motor
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio