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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Servo Motors and Drives market. Market segmentation includes Type (Motors, Drives); System (Rotary, Linear); End-Use (Automotive & Transportation, Semiconductor & Electronics, Food Processing, Packaging, Textile, Petrochemicals, Other End-Uses).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

5 November 8:30 p.m., California- According to the new market research report, the global market for Servo Motors and Drives is projected to grow at a CAGR of 3.6% reach US$17.1 billion by 2027, supported by rapid industrialization in emerging economies, increasing automation in manufacturing operations, and focus on improving efficiency. The global Servo Motors and Drives market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Motors, one of the segments analyzed and sized in this study, is forecast to grow at over 3.4% and reach a market size of US$10.8 billion by the end of the analysis period. The United States is forecast to readjust to a 3.1% CAGR. Within Europe, the worst affected by the pandemic, Germany will reach a market size of US$940 million growing at a CAGR% of 3.2% over the next couple of years. In addition, over US$253 million worth of projected demand in the region will come from Rest of European markets. In Japan, the Motors segment will reach a market size of US$732 million by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Motors segment in this country against this backdrop will grow at a CAGR of 4.2% over the next couple of years to create an addressable market opportunity worth US$2.6 billion by the year 2027.

Motors and drives form an integral part of industrial processes as they enable the conversion of electrical energy into mechanical energy for the smooth functioning and control of machinery. Servo motors and drives are the most advanced and the most efficient motors and drives, as they are highly durability and have low maintenance requirements. The servo motors and drives market is being driven by factors such as increasing automation in manufacturing, focus on efficiency, high precision, and ease of maintenance among others. Servo motors and drives are ideal for Industry 4.0 industrial automation solutions as they provide higher precision and control over operations compared to other motor types. As manufacturers strive to improve efficiency, automation is being recognized as the key enabler for systems. Industrial automation involves extensive usage of technology to connect all the manufacturing systems through a network, to automate most of the processes. Servo motors and drives are best suited to achieve the networking of industrial processes as they are capable of receiving and decoding signals from the controller to achieve the desired changes. Industrial robotics also play an important role in automation of manufacturing as routine tasks can be programmed to be achieved through robots. Servo motors and drives play a critical role in the proper functioning of industrial robots as they need precise equipment with minimal tolerance levels to perform the tasks. As automation and robotic manufacturing pervades across the manufacturing landscape, servo motors and drives are expected to gain further momentum in future. However, servo motors and drives face significant challenges in terms of costs, especially among small and medium businesses.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 20333. Among this pool, 1832 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 407 unique participations, a total of 183 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Panasonic Corporation
Siemens AG
ABB Ltd.
Mitsubishi Electric Corporation
Schneider Electric SE
Rockwell Automation, Inc.
Emerson Electric Company
Fuji Electric Co., Ltd.
Bosch Rexroth AG
Delta Electronics, Inc.
FANUC Corporation
Bonfiglioli Riduttori SpA

Segments Covered in the Report -
Type (Motors, Drives)
System (Rotary, Linear)
End-Use (Automotive & Transportation, Semiconductor & Electronics, Food Processing, Packaging, Textile, Petrochemicals, Other End-Uses)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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Email: sales@StrategyR.com