Authored By: Sarah
11 Jul 2024

 Servo Motors And Drives Market Size to grow by USD 4370.1 million between 2024-2028

According to a research report “ Servo Motors And Drives Market” by Product (DC servo motors/drives, AC servo motors/drives) Type (Rotary system, Linear system) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4370.1 million, at a CAGR of  5.41% during the forecast period. In the industrial sector, servo motors and brushless motors play a pivotal role in powering various applications, including robotics, conveyor systems, compressors, and material handling equipment, across process and discrete industries. The oil and gas, power, chemical and petrochemical, and pharmaceutical sectors, in particular, have seen a significant increase in the adoption of precision motors due to their extensive use in harsh environmental conditions. With the ongoing advancements in technology, there is a growing demand for integrated servo motors and brushless motors. It is crucial to note that a substantial portion of these applications take place in potentially explosive atmospheres, necessitating the use of motors that can withstand the presence of flammable substances such as vapor, dust, fluids, cleaning agents, and gases.

Browse market data tables, figures, and in-depth TOC on “Servo Motors And Drives Market” by Product (DC servo motors/drives, AC servo motors/drives) Type (Rotary system, Linear system) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Product, the DC servo motors/drives segment is projected to dominate the market size in 2024

In the Servo Motors and Drives Market, rotary servo systems, specifically positional rotation servos with a 180-degree range of motion around their axis, dominate. Constructive mechanisms, such as stop gears, ensure precise stopping. The continuous rotation servo's spatial range is unlimited, with the servo input directly linked to the output speed and direction, enabling bidirectional rotation. These rotary servo motors and drives offer coordinated motion control for electromechanical, hydraulic, and pneumatic systems. With relatively low inertia and a single cable operation, they provide feedback through power and brake.

By Type, Rotary system  segment is expected to hold the largest market size for the year 2024

The DC servo motors and drives market segment is projected to experience more modest growth compared to the AC servo motors and drives segment over the forecast period. This trend can be attributed to the increasing preference for AC servo motors among end-users due to their suitability for both static and dynamic load conditions. While DC servo motors offer a superior power-to-weight ratio, their operation generates more noise and vibration, and their thermal performance is inferior to AC servo motors. Consequently, the demand for DC servo motors is anticipated to be less than that for AC servo motors.

APAC is forecasted to hold the largest market size by region in 2024

The Servo Motors and Drives Market represents a significant growth opportunity for businesses in the automation sector. These advanced motor systems offer precise control and positioning capabilities, making them indispensable in various industries, including robotics, automotive, and aerospace. Key market drivers include increasing automation in manufacturing processes and the growing demand for high-precision motion control systems. Companies investing in this market can expect robust growth and competitive advantages.

The Servo Motors And Drives Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ABB Ltd.
  • ADTECH SHENZHEN TECHNOLOGY CO. LTD.
  • Danfoss AS
  • Delta Electronics Inc.
  • Emerson Electric Co.
  • FANUC Corp.
  • Fuji Electric Co. Ltd.
  • Kollmorgen Corp.
  • Mitsubishi Electric Corp.
  • Nidec Corp.
  • OMRON Corp.
  • Parker Hannifin Corp.
  • Regal Rexnord Corp.
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Rozum Robotics
  • Schneider Electric SE
  • SEW EURODRIVE GmbH and Co KG
  • Siemens AG
  • Yaskawa Electric Corp.
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Servo Motors and Drives market encompasses a range of technologies and applications, including torque control, speed control, and precision motion control systems. Servo systems, which utilize servo motors, servo power supplies, and motor controllers, offer high-performance motion control for robotics and positioning applications. Torque control and speed control are essential features of servo systems, enabling precise positioning and repeatability. Servo motor reliability is crucial in robotics and automation industries, where downtime can be costly. Robotics regulations and industry developments continue to drive advancements in servo systems, including feedback control systems and feedback control advancements. Electric motors, including servo motors, stepper motors, DC motors, and brushless motors, are at the heart of motion control technology. CNC machines, which rely on precise motion control, also benefit from servo motor technology and its advancements. Closed-loop control systems, which provide real-time feedback and adjustment, are essential for high-performance motion control applications. Overall, the Servo Motors and Drives market continues to evolve, driven by the demands of robotics, automation, and manufacturing industries.

Market Research Overview

Servo motors and drives are essential components of precision motion control systems, widely used in robotics, industrial automation, and positioning systems. Servo systems provide torque control and speed control capabilities, enabling precise positioning and repeatability. Servo power supplies, controllers, amplifiers, and actuators ensure reliable and efficient operation. Stepper motors and rotary servo motors, including DC, AC, brushless, and high-performance motors, are commonly used in servo systems. Servo drives and controllers employ closed-loop feedback control systems for accurate motion control. Servo accessories such as encoders and resolvers provide position feedback. Industry developments and robotics regulations drive the growth of the servo motors and drives market. Robotics applications include robotics industry advancements, CNC machines, and robotics reliability improvements. Motion control technology and motion control solutions continue to evolve, with feedback control advancements and motion control quality enhancements. Linear motors are also gaining popularity in various applications. Servo mechanisms and motion control systems provide high-performance solutions for industrial automation and robotics, with applications in acceleration control, torque control, and positioning systems. Electric motor technologies, including DC, AC, and brushless motors, contribute to the versatility and efficiency of servo systems.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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