The servo motors and drives market size was valued at US$ 14.41 billion in 2024 and is expected to reach US$ 21.44 billion by 2031; it is estimated to register a CAGR of 5.8% during 2024–2031. Demand for next-generation servo drives is likely to remain a key market trend.
Servo Motors and Drives Market Analysis
High demand for industrial automation solutions, surge in product development by manufacturers, and rise in demand by the automotive industry are driving the servo motors and drives market. Furthermore, increasing investment in industrial automation solutions such as robotics and CNC machines increases the global demand for servo motors and drives. Additionally, technological advancement, development of AI-power servo motors, and integration of advanced technologies such as industrial Internet of Things (IIoT), AI, and ML technologies in servo motors and drives that reduce operating costs are expected to create opportunities for market growth during the forecast period. Moreover, the rise in demand for customized servo motors and drives, the increase in manufacturers' focus on developing small and compact products, the surge in demand for next-generation servo drives, and the growth in research and developmental activities are propelling the servo motors and drives market.
Servo Motors and Drives Market Overview
A servo motor is a highly specialized motor used to regulate rotational or linear motion precisely. The rotational or translational motor uses a feedback system to assure precise positioning, usually via a control signal that directs the motor's movement to a specific location. This mechanism enables for exact control of multiple components, making servo motors essential in applications requiring accurate positioning and smooth motion. Servo motors are extremely efficient owing to their high power during movement and maintain energy efficiency at varying speeds and loads. They offer precise control of angular or linear position, speed, and acceleration, making them indispensable in applications where precise positioning is crucial. Similarly, servo drives are electronic devices or small computers constructed from circuit boards, microchips, cables, and connectors. They are linked to electric motors and send electricity to control the motor's rotation. They can cause the motor to accelerate, slow down, stop, or reverse. Some servo drives control small motors, such as those in a robot arm's elbow joint, while others control large motors, such as those in heavy machinery or an electric vehicle's wheel. Powerful motors require powerful servo drives. Servo motors are utilized across industries due to their efficiency and precision in control. Industries such as automotive, aerospace, manufacturing, consumer electronics, medical, and defense to improve their operational efficiency.
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Servo Motors and Drives Market: Strategic Insights
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Servo Motors and Drives Market Drivers and Opportunities
High Demand for Industrial Automation Solutions
Servo motors and drives are used in industrial automation solutions to provide precise and dynamic control of the motion. They are most commonly used for handling and controlling tasks such as assembly line operations, packaging and labeling, sorting and inspection, process control, and others that need high levels of precision, torque, and speed control. These components are mainly used in applications that require precise motion control, such as CNC machines, conveyor systems, and robotic arms. The growing adoption and implementation of automation solutions among industries surge the adoption of servo motors and drives to control motion by enhanced product quality. These also support industries to ensure workers' safety in adverse environments by lowering process costs. Moreover, the adoption of automation solutions among industries such as robots, CNC machines, and conveyor systems is rising. The robotics industry has grown significantly owing to the industrial shift to automation and the adoption of robots in factories. Industries are increasingly deploying robots to dangerous tasks perform dangerous and repetitive tasks that support factory workers to operate safely in hazardous environments.
Development of AI-Power Servo Motors
Artificial intelligence technology is revolutionizing servo motors and drives by enhancing their capabilities. AI can optimize the performance of servo motors in real time, allowing them to adapt to changing conditions and auto-correct. This can significantly reduce wear and tear, extending the motor's lifespan while maintaining operational efficiency. Moreover, market players are deploying machine learning algorithms to examine servo motor data and identify maintenance requirements before a breakdown. This supports industries to increase operational efficiencies by reducing operational downtime. AI-powered servo motors and drives enable real-time monitoring and predictive maintenance. This supports industries to operate at peak efficiency with minimal downtime. AI-based servo systems can automatically adjust parameters such as speed, torque, and position based on real-time feedback, resulting in optimized performance in dynamic environments. The demand for technologically advanced components encourages market players to develop their existing product portfolio. For instance, in June 2024, the Industrial Devices Division (INDD) of Panasonic Life Solutions India (PLSIND), a leading diversified technology company, introduced the industry's first commercialized AI-equipped servo system, MINAS A7, along with the MINAS CZ1 Global and MINAS A6SC series Servo Motors for Indian OEMs (Original Equipment Manufacturers). The AI-powered servo systems have been engineered to optimize manufacturing output with superior motion performance, high precision, efficiency control, and leveraging cutting-edge technology. The predictive capability of AI and ML technology is positively impacting servo motors to operate in the future. Thus, the shift toward more intelligent, high-performance servo technologies is expected to create lucrative opportunities in the global servo motors and drives market during the forecast period.
Servo Motors and Drives Market Report Segmentation Analysis
Key segments that contributed to the derivation of the servo motors and drives market analysis are component, product type, brake technology, and industry vertical.
- Based on component, the servo motors and drives market is divided into sensors, controller modules, encoders, electronic amplifiers, and others. The controller modules segment dominated the market in 2024.
- In terms of product type, the servo motors and drives market is bifurcated into servo motors and servo drives. The servo motors held a larger market share in 2024.
- On the basis of brake technology, the servo motors and drives market is segmented into spring, permanent magnet, and others. The permanent magnet segment dominated the market in 2024.
- Based on industry vertical, the servo motors and drives market is categorized into automotive and transportation, semiconductor and electronics, food processing industry, textile industry, and others. The automotive and transportation segment dominated the market in 2024.
Servo Motors and Drives Market Share Analysis by Geography
- The servo motors and drives market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2024, followed by North America and Europe.
- Asia Pacific has become the largest and fastest-growing market for servo motors and drives owing to rapid industrialization and an increased focus on automation. Countries such as China, Japan, India, and South Korea are experiencing significant growth in the automotive, textiles, and electronics industries. For instance, China is a prominent user of industrial automation solutions to improve production efficiency and retain competitiveness in global markets. Furthermore, the growth and expanding usage of robotics in medical applications, is driving the demand for high-performance servo motors in the region.
Servo Motors and Drives Market Report Scope
Servo Motors and Drives Market News and Recent Developments
The servo motors and drives market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the servo motors and drives market are listed below:
- ABB has launched the ACS8080, its newest medium voltage air-cooled drive. The new drive represents an evolution, building on over 50 years of experience in delivering drives to industrial applications and bringing reliability, performance, and flexibility to the next level owing to innovative motor control, versatile design, and digital capabilities. The converter can achieve up to 98% efficiency, targeting optimal performance for the entire drive system. The new motor control technology MP3C pushes efficiency and motor friendliness to the limit while preserving the dynamic performance and robustness of the predecessor DTC. It also reduces harmonic distortions by around 50% compared to classic control and modulation schemes, thereby extending equipment lifetime and achieving energy savings.
(Source: ABB, Press Release, November 2024)
- Fuji Electric Co., Ltd. announced the launch of the industrial drives FRENIC-GS series for plants, which reduces power loss and increases the amount of data that can be transmitted to help achieve decarbonization and DX on the production sites of the material industry and the assembly processing industry.
(Source: Fuji Electric Co., Ltd, Press Release, May 2024)
Servo Motors and Drives Market Report Coverage and Deliverables
The "Servo Motors and Drives Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Servo motors and drives market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Servo motors and drives market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Servo motors and drives market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the servo motors and drives market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Asia Pacific dominated the servo motors and drives market in 2024.
High demand for industrial automation solutions, surge in product development by manufacturers, and rise in demand from automotive industry are the major factors that propel the global servo motors and drives market.
Demand for next-generation servo drives to play a significant role in the global servo motors and drives market in the coming years.
The key players holding majority shares in the global servo motors and drives market are ABB Ltd, Delta Electronics Inc, Fanuc Corp, Fuji Electric Co Ltd, Mitsubishi Electric Corp, Nidec Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp.
The global servo motors and drives market is expected to reach US$ 21.44 billion by 2031.
The global servo motors and drives market is estimated to register a CAGR of 5.8% during the forecast period 2024–2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Servo Motors and Drives Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Materials and Components Suppliers
4.3.2 Manufacturers
4.3.3 End Users
4.3.4 List of Vendors in the Value Chain
5. Servo Motors and Drives Market – Key Market Dynamics
5.1 Servo Motors and Drives Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 High Demand for Industrial Automation Solutions
5.2.2 Surge in Product Development by Manufacturers
5.2.3 Rise in Demand from Automotive Industry
5.3 Market Restraints
5.3.1 Availability of Substitute Products
5.4 Market Opportunities
5.4.1 Development of AI-Power Servo Motors
5.5 Future Trends
5.5.1 Demand for Next-Generation Servo Drives
5.6 Impact of Drivers and Restraints:
6. Servo Motors and Drives Market – Global Market Analysis
6.1 Servo Motors and Drives Market Revenue (US$ Million), 2021–2031
6.2 Servo Motors and Drives Market Forecast Analysis
7. Servo Motors and Drives Market Analysis – by Component
7.1 Controller Modules
7.1.1 Overview
7.1.2 Controller Modules: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Electronic Amplifiers
7.2.1 Overview
7.2.2 Electronic Amplifiers: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Sensors
7.3.1 Overview
7.3.2 Sensors: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Encoders
7.4.1 Overview
7.4.2 Encoders: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
8. Servo Motors and Drives Market Analysis – by Product Type
8.1 Servo Motor
8.1.1 Overview
8.1.2 Servo Motor: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Servo Drive
8.2.1 Overview
8.2.2 Servo Drive: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
9. Servo Motors and Drives Market Analysis – by Brake Technology
9.1 Permanent Magnet
9.1.1 Overview
9.1.2 Permanent Magnet: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Spring
9.2.1 Overview
9.2.2 Spring: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Others
9.3.1 Overview
9.3.2 Others: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
10. Servo Motors and Drives Market Analysis – by Industry
10.1 Automotive and Transportation
10.1.1 Overview
10.1.2 Automotive and Transportation: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Semiconductor and Consumer Electronics
10.2.1 Overview
10.2.2 Semiconductor and Consumer Electronics: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Food Processing Industry
10.3.1 Overview
10.3.2 Food Processing Industry: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Textile Industry
10.4.1 Overview
10.4.2 Textile Industry: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11. Servo Motors and Drives Market – Geographical Analysis
11.1 Overview
11.2 North America
11.2.1 North America Servo Motors and Drives Market Overview
11.2.2 North America: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3 North America: Servo Motors and Drives Market Breakdown, by Component
11.2.3.1 North America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Component
11.2.4 North America: Servo Motors and Drives Market Breakdown, by Product Type
11.2.4.1 North America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Product Type
11.2.5 North America: Servo Motors and Drives Market Breakdown, by Brake Technology
11.2.5.1 North America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Brake Technology
11.2.6 North America: Servo Motors and Drives Market Breakdown, by Industry
11.2.6.1 North America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Industry
11.2.7 North America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.2.7.1 North America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.2.7.2 United States: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.2.7.2.1 United States: Servo Motors and Drives Market Breakdown, by Component
11.2.7.2.2 United States: Servo Motors and Drives Market Breakdown, by Product Type
11.2.7.2.3 United States: Servo Motors and Drives Market Breakdown, by Brake Technology
11.2.7.2.4 United States: Servo Motors and Drives Market Breakdown, by Industry
11.2.7.3 Canada: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.2.7.3.1 Canada: Servo Motors and Drives Market Breakdown, by Component
11.2.7.3.2 Canada: Servo Motors and Drives Market Breakdown, by Product Type
11.2.7.3.3 Canada: Servo Motors and Drives Market Breakdown, by Brake Technology
11.2.7.3.4 Canada: Servo Motors and Drives Market Breakdown, by Industry
11.2.7.4 Mexico: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.2.7.4.1 Mexico: Servo Motors and Drives Market Breakdown, by Component
11.2.7.4.2 Mexico: Servo Motors and Drives Market Breakdown, by Product Type
11.2.7.4.3 Mexico: Servo Motors and Drives Market Breakdown, by Brake Technology
11.2.7.4.4 Mexico: Servo Motors and Drives Market Breakdown, by Industry
11.3 Europe
11.3.1 Europe Servo Motors and Drives Market Overview
11.3.2 Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3 Europe: Servo Motors and Drives Market Breakdown, by Component
11.3.3.1 Europe: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Component
11.3.4 Europe: Servo Motors and Drives Market Breakdown, by Product Type
11.3.4.1 Europe: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Product Type
11.3.5 Europe: Servo Motors and Drives Market Breakdown, by Brake Technology
11.3.5.1 Europe: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Brake Technology
11.3.6 Europe: Servo Motors and Drives Market Breakdown, by Industry
11.3.6.1 Europe: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Industry
11.3.7 Europe: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.3.7.1 Europe: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.3.7.2 Germany: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.2.1 Germany: Servo Motors and Drives Market Breakdown, by Component
11.3.7.2.2 Germany: Servo Motors and Drives Market Breakdown, by Product Type
11.3.7.2.3 Germany: Servo Motors and Drives Market Breakdown, by Brake Technology
11.3.7.2.4 Germany: Servo Motors and Drives Market Breakdown, by Industry
11.3.7.3 United Kingdom: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.3.1 United Kingdom: Servo Motors and Drives Market Breakdown, by Component
11.3.7.3.2 United Kingdom: Servo Motors and Drives Market Breakdown, by Product Type
11.3.7.3.3 United Kingdom: Servo Motors and Drives Market Breakdown, by Brake Technology
11.3.7.3.4 United Kingdom: Servo Motors and Drives Market Breakdown, by Industry
11.3.7.4 France: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.4.1 France: Servo Motors and Drives Market Breakdown, by Component
11.3.7.4.2 France: Servo Motors and Drives Market Breakdown, by Product Type
11.3.7.4.3 France: Servo Motors and Drives Market Breakdown, by Brake Technology
11.3.7.4.4 France: Servo Motors and Drives Market Breakdown, by Industry
11.3.7.5 Italy: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.5.1 Italy: Servo Motors and Drives Market Breakdown, by Component
11.3.7.5.2 Italy: Servo Motors and Drives Market Breakdown, by Product Type
11.3.7.5.3 Italy: Servo Motors and Drives Market Breakdown, by Brake Technology
11.3.7.5.4 Italy: Servo Motors and Drives Market Breakdown, by Industry
11.3.7.6 Russia: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.6.1 Russia: Servo Motors and Drives Market Breakdown, by Component
11.3.7.6.2 Russia: Servo Motors and Drives Market Breakdown, by Product Type
11.3.7.6.3 Russia: Servo Motors and Drives Market Breakdown, by Brake Technology
11.3.7.6.4 Russia: Servo Motors and Drives Market Breakdown, by Industry
11.3.7.7 Rest of Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.7.1 Rest of Europe: Servo Motors and Drives Market Breakdown, by Component
11.3.7.7.2 Rest of Europe: Servo Motors and Drives Market Breakdown, by Product Type
11.3.7.7.3 Rest of Europe: Servo Motors and Drives Market Breakdown, by Brake Technology
11.3.7.7.4 Rest of Europe: Servo Motors and Drives Market Breakdown, by Industry
11.4 Asia Pacific
11.4.1 Asia Pacific Servo Motors and Drives Market Overview
11.4.2 Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3 Asia Pacific: Servo Motors and Drives Market Breakdown, by Component
11.4.3.1 Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Component
11.4.4 Asia Pacific: Servo Motors and Drives Market Breakdown, by Product Type
11.4.4.1 Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Product Type
11.4.5 Asia Pacific: Servo Motors and Drives Market Breakdown, by Brake Technology
11.4.5.1 Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Brake Technology
11.4.6 Asia Pacific: Servo Motors and Drives Market Breakdown, by Industry
11.4.6.1 Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Industry
11.4.7 Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.4.7.1 Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.4.7.2 China: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.2.1 China: Servo Motors and Drives Market Breakdown, by Component
11.4.7.2.2 China: Servo Motors and Drives Market Breakdown, by Product Type
11.4.7.2.3 China: Servo Motors and Drives Market Breakdown, by Brake Technology
11.4.7.2.4 China: Servo Motors and Drives Market Breakdown, by Industry
11.4.7.3 Japan: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.3.1 Japan: Servo Motors and Drives Market Breakdown, by Component
11.4.7.3.2 Japan: Servo Motors and Drives Market Breakdown, by Product Type
11.4.7.3.3 Japan: Servo Motors and Drives Market Breakdown, by Brake Technology
11.4.7.3.4 Japan: Servo Motors and Drives Market Breakdown, by Industry
11.4.7.4 South Korea: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.4.1 South Korea: Servo Motors and Drives Market Breakdown, by Component
11.4.7.4.2 South Korea: Servo Motors and Drives Market Breakdown, by Product Type
11.4.7.4.3 South Korea: Servo Motors and Drives Market Breakdown, by Brake Technology
11.4.7.4.4 South Korea: Servo Motors and Drives Market Breakdown, by Industry
11.4.7.5 India: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.5.1 India: Servo Motors and Drives Market Breakdown, by Component
11.4.7.5.2 India: Servo Motors and Drives Market Breakdown, by Product Type
11.4.7.5.3 India: Servo Motors and Drives Market Breakdown, by Brake Technology
11.4.7.5.4 India: Servo Motors and Drives Market Breakdown, by Industry
11.4.7.6 Australia: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.6.1 Australia: Servo Motors and Drives Market Breakdown, by Component
11.4.7.6.2 Australia: Servo Motors and Drives Market Breakdown, by Product Type
11.4.7.6.3 Australia: Servo Motors and Drives Market Breakdown, by Brake Technology
11.4.7.6.4 Australia: Servo Motors and Drives Market Breakdown, by Industry
11.4.7.7 Rest of APAC: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.7.1 Rest of APAC: Servo Motors and Drives Market Breakdown, by Component
11.4.7.7.2 Rest of APAC: Servo Motors and Drives Market Breakdown, by Product Type
11.4.7.7.3 Rest of APAC: Servo Motors and Drives Market Breakdown, by Brake Technology
11.4.7.7.4 Rest of APAC: Servo Motors and Drives Market Breakdown, by Industry
11.5 Middle East and Africa
11.5.1 Middle East and Africa Servo Motors and Drives Market Overview
11.5.2 Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.5.3 Middle East and Africa: Servo Motors and Drives Market Breakdown, by Component
11.5.3.1 Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Component
11.5.4 Middle East and Africa: Servo Motors and Drives Market Breakdown, by Product Type
11.5.4.1 Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Product Type
11.5.5 Middle East and Africa: Servo Motors and Drives Market Breakdown, by Brake Technology
11.5.5.1 Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Brake Technology
11.5.6 Middle East and Africa: Servo Motors and Drives Market Breakdown, by Industry
11.5.6.1 Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Industry
11.5.7 Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.5.7.1 Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.5.7.2 United Arab Emirates: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.5.7.2.1 United Arab Emirates: Servo Motors and Drives Market Breakdown, by Component
11.5.7.2.2 United Arab Emirates: Servo Motors and Drives Market Breakdown, by Product Type
11.5.7.2.3 United Arab Emirates: Servo Motors and Drives Market Breakdown, by Brake Technology
11.5.7.2.4 United Arab Emirates: Servo Motors and Drives Market Breakdown, by Industry
11.5.7.3 Saudi Arabia: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.5.7.3.1 Saudi Arabia: Servo Motors and Drives Market Breakdown, by Component
11.5.7.3.2 Saudi Arabia: Servo Motors and Drives Market Breakdown, by Product Type
11.5.7.3.3 Saudi Arabia: Servo Motors and Drives Market Breakdown, by Brake Technology
11.5.7.3.4 Saudi Arabia: Servo Motors and Drives Market Breakdown, by Industry
11.5.7.4 South Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.5.7.4.1 South Africa: Servo Motors and Drives Market Breakdown, by Component
11.5.7.4.2 South Africa: Servo Motors and Drives Market Breakdown, by Product Type
11.5.7.4.3 South Africa: Servo Motors and Drives Market Breakdown, by Brake Technology
11.5.7.4.4 South Africa: Servo Motors and Drives Market Breakdown, by Industry
11.5.7.5 Rest of Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.5.7.5.1 Rest of Middle East and Africa: Servo Motors and Drives Market Breakdown, by Component
11.5.7.5.2 Rest of Middle East and Africa: Servo Motors and Drives Market Breakdown, by Product Type
11.5.7.5.3 Rest of Middle East and Africa: Servo Motors and Drives Market Breakdown, by Brake Technology
11.5.7.5.4 Rest of Middle East and Africa: Servo Motors and Drives Market Breakdown, by Industry
11.6 South and Central America
11.6.1 South and Central America Servo Motors and Drives Market Overview
11.6.2 South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.6.3 South and Central America: Servo Motors and Drives Market Breakdown, by Component
11.6.3.1 South and Central America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Component
11.6.4 South and Central America: Servo Motors and Drives Market Breakdown, by Product Type
11.6.4.1 South and Central America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Product Type
11.6.5 South and Central America: Servo Motors and Drives Market Breakdown, by Brake Technology
11.6.5.1 South and Central America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Brake Technology
11.6.6 South and Central America: Servo Motors and Drives Market Breakdown, by Industry
11.6.6.1 South and Central America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Industry
11.6.7 South and Central America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.6.7.1 South and Central America: Servo Motors and Drives Market – Revenue and Forecast Analysis – by Country
11.6.7.2 Brazil: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.6.7.2.1 Brazil: Servo Motors and Drives Market Breakdown, by Component
11.6.7.2.2 Brazil: Servo Motors and Drives Market Breakdown, by Product Type
11.6.7.2.3 Brazil: Servo Motors and Drives Market Breakdown, by Brake Technology
11.6.7.2.4 Brazil: Servo Motors and Drives Market Breakdown, by Industry
11.6.7.3 Argentina: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.6.7.3.1 Argentina: Servo Motors and Drives Market Breakdown, by Component
11.6.7.3.2 Argentina: Servo Motors and Drives Market Breakdown, by Product Type
11.6.7.3.3 Argentina: Servo Motors and Drives Market Breakdown, by Brake Technology
11.6.7.3.4 Argentina: Servo Motors and Drives Market Breakdown, by Industry
11.6.7.4 Rest of South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
11.6.7.4.1 Rest of South and Central America: Servo Motors and Drives Market Breakdown, by Component
11.6.7.4.2 Rest of South and Central America: Servo Motors and Drives Market Breakdown, by Product Type
11.6.7.4.3 Rest of South and Central America: Servo Motors and Drives Market Breakdown, by Brake Technology
11.6.7.4.4 Rest of South and Central America: Servo Motors and Drives Market Breakdown, by Industry
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product News & Company News
13.4 Collaboration and Mergers & Acquisitions
14. Company Profiles
14.1 ABB Ltd
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Delta Electronics Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Fanuc Corp
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Fuji Electric Co Ltd
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 1.4.4 SWOT Analysis
14.4.6 Key Developments
14.5 Mitsubishi Electric Corp
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Nidec Corp
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Rockwell Automation Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Schneider Electric SE
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Siemens AG
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Yaskawa Electric Corp
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 Word Index
15.2 About the Insight Partners
List of Tables
Table 1. Servo Motors and Drives Market Segmentation
Table 2. List of Vendors
Table 3. Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 5. Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 6. Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million) – by Brake Technology
Table 7. Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million) – by Industry
Table 8. North America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 9. North America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 10. North America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 11. North America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 12. North America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 13. United States: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 14. United States: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 15. United States: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 16. United States: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 17. Canada: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 18. Canada: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 19. Canada: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 20. Canada: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 21. Mexico: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 22. Mexico: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 23. Mexico: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 24. Mexico: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 25. Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 26. Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 27. Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 28. Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 29. Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 30. Germany: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 31. Germany: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 32. Germany: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 33. Germany: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 34. United Kingdom: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 35. United Kingdom: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 36. United Kingdom: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 37. United Kingdom: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 38. France: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 39. France: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 40. France: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 41. France: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 42. Italy: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 43. Italy: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 44. Italy: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 45. Italy: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 46. Russia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 47. Russia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 48. Russia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 49. Russia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 50. Rest of Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 51. Rest of Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 52. Rest of Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 53. Rest of Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 54. Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 55. Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 56. Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 57. Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 58. Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 59. China: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 60. China: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 61. China: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 62. China: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 63. Japan: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 64. Japan: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 65. Japan: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 66. Japan: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 67. South Korea: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 68. South Korea: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 69. South Korea: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 70. South Korea: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 71. India: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 72. India: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 73. India: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 74. India: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 75. Australia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 76. Australia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 77. Australia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 78. Australia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 79. Rest of APAC: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 80. Rest of APAC: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 81. Rest of APAC: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 82. Rest of APAC: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 83. Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 84. Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 85. Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 86. Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 87. Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 88. United Arab Emirates: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 89. United Arab Emirates: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 90. United Arab Emirates: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 91. United Arab Emirates: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 92. Saudi Arabia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 93. Saudi Arabia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 94. Saudi Arabia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 95. Saudi Arabia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 96. South Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 97. South Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 98. South Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 99. South Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 100. Rest of Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 101. Rest of Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 102. Rest of Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 103. Rest of Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 104. South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 105. South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 106. South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 107. South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 108. South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 109. Brazil: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 110. Brazil: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 111. Brazil: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 112. Brazil: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 113. Argentina: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 114. Argentina: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Product Type
Table 115. Argentina: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 116. Argentina: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 117. Rest of South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 118. Rest of South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 119. Rest of South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million) – by Brake Technology
Table 120. Rest of South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million) – by Industry
Table 121. Company Positioning & Concentration
Table 122. List of Abbreviation
List of Figures
Figure 1. Servo Motors and Drives Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Servo Motors and Drives Market Revenue (US$ Million), 2021–2031
Figure 5. Servo Motors and Drives Market Share (%) – by Component (2024 and 2031)
Figure 6. Controller Modules: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Electronic Amplifiers: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Sensors: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Encoders: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Others: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Servo Motors and Drives Market Share (%) – by Product Type (2024 and 2031)
Figure 12. Servo Motor: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Servo Drive: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Servo Motors and Drives Market Share (%) – by Brake Technology (2024 and 2031)
Figure 15. Permanent Magnet: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Spring: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Others: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Servo Motors and Drives Market Share (%) – by Industry (2024 and 2031)
Figure 19. Automotive and Transportation: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Semiconductor and Consumer Electronics: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Food Processing Industry: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Textile Industry: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Others: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Servo Motors and Drives Market Breakdown by Region, 2024 and 2031 (%)
Figure 25. North America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. North America: Servo Motors and Drives Market Breakdown, by Component (2024 and 2031)
Figure 27. North America: Servo Motors and Drives Market Breakdown, by Product Type (2024 and 2031)
Figure 28. North America: Servo Motors and Drives Market Breakdown, by Brake Technology (2024 and 2031)
Figure 29. North America: Servo Motors and Drives Market Breakdown, by Industry (2024 and 2031)
Figure 30. North America: Servo Motors and Drives Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 31. United States: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Canada: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Mexico: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Europe: Servo Motors and Drives Market Breakdown, by Component (2024 and 2031)
Figure 36. Europe: Servo Motors and Drives Market Breakdown, by Product Type (2024 and 2031)
Figure 37. Europe: Servo Motors and Drives Market Breakdown, by Brake Technology (2024 and 2031)
Figure 38. Europe: Servo Motors and Drives Market Breakdown, by Industry (2024 and 2031)
Figure 39. Europe: Servo Motors and Drives Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 40. Germany: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. United Kingdom: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. France: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Italy: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Russia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Rest of Europe: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. Asia Pacific: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. Asia Pacific: Servo Motors and Drives Market Breakdown, by Component (2024 and 2031)
Figure 48. Asia Pacific: Servo Motors and Drives Market Breakdown, by Product Type (2024 and 2031)
Figure 49. Asia Pacific: Servo Motors and Drives Market Breakdown, by Brake Technology (2024 and 2031)
Figure 50. Asia Pacific: Servo Motors and Drives Market Breakdown, by Industry (2024 and 2031)
Figure 51. Asia Pacific: Servo Motors and Drives Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 52. China: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. Japan: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. South Korea: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. India: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 56. Australia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. Rest of APAC: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 58. Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 59. Middle East and Africa: Servo Motors and Drives Market Breakdown, by Component (2024 and 2031)
Figure 60. Middle East and Africa: Servo Motors and Drives Market Breakdown, by Product Type (2024 and 2031)
Figure 61. Middle East and Africa: Servo Motors and Drives Market Breakdown, by Brake Technology (2024 and 2031)
Figure 62. Middle East and Africa: Servo Motors and Drives Market Breakdown, by Industry (2024 and 2031)
Figure 63. Middle East and Africa: Servo Motors and Drives Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 64. United Arab Emirates: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 65. Saudi Arabia: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 66. South Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 67. Rest of Middle East and Africa: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 68. South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 69. South and Central America: Servo Motors and Drives Market Breakdown, by Component (2024 and 2031)
Figure 70. South and Central America: Servo Motors and Drives Market Breakdown, by Product Type (2024 and 2031)
Figure 71. South and Central America: Servo Motors and Drives Market Breakdown, by Brake Technology (2024 and 2031)
Figure 72. South and Central America: Servo Motors and Drives Market Breakdown, by Industry (2024 and 2031)
Figure 73. South and Central America: Servo Motors and Drives Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 74. Brazil: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 75. Argentina: Servo Motors and Drives Market – Revenue and Forecast to 2031(US$ Million)
Figure 76. Rest of South and Central America: Servo Motors and Drives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 77. Heat Map Analysis by Key Players
The List of Companies - Servo Motors and Drives Market
- ABB Ltd
- Delta Electronics Inc
- Fanuc Corp
- Fuji Electric Co Ltd
- Mitsubishi Electric Corp
- Nidec Corp
- Rockwell Automation Inc
- Schneider Electric SE
- Siemens AG
- Yaskawa Electric Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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