Servo Motors And Drives Market Scope And Analysis

Report Code : TIPMC00002529
Category : Electronics and Semiconductor

Status : Published
No. of Pages : 207

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Servo Motors and Drives Market Scope and Analysis by 2031

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Servo Motors and Drives Market Report Scope

Report Attribute	Details
Market size in 2024	US$ 14.41 Billion
Market Size by 2031	US$ 21.44 Billion
Global CAGR (2024 - 2031)	5.8%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Controller Modules Electronic Amplifiers Sensors Encoders By Product Type Servo Motor Servo Drive By Brake Technology Permanent Magnet Spring By Industry Automotive and Transportation Semiconductor and Consumer Electronics Food Processing Industry Textile Industry
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	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

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