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Servo Motors and Drives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 147 pages | ID: S10B27A2FA15EN
IMARC Group

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The global servo motors and drives market size reached US$ 12.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

Servo motors and drives refer to the automated linear or rotary actuators used for precise position control in industrial machineries, such as conveyor belts, packaging machines, food processing units, semiconductors and robots. They are a crucial component of the servo motor controller and operate in closed-loop mechanisms that register positional feedback to control the rotational speed of the motors. Some of the most commonly used servo motors and drives include simple direct current (DC) brushless, brushed, linear servo motors and alternating current (AC) motors and drives. They are commonly used as an amplifier to control the amount of current being transferred to the motor. As a result, they find extensive applications across various industries, including automotive, semiconductor and electronics, healthcare, packaging, oil & gas and chemicals & petrochemicals.

The increasing automation in factories and other industrial units represents one of the key factors driving the growth of the market. In line with this, the widespread utilization of robotics across industries is also augmenting the market growth. Industrial robots are widely used for assembly, pick-up and manufacturing applications. Rotary servo motors enable interaction between magnets and winding, and offer various advantageous properties, including high-resolution precision feedback, high torque density and minimal energy consumption. This, along with various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and artificial intelligence (AI), is also contributing to the market growth. In line with this, product manufacturers are also using lightweight materials to create gear systems for remotely assisted products, such as drones and small-sized robots. Other factors, including rapid industrialization, along with the advent of industry 4.0, are anticipated to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global servo motors and drives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, voltage range, system, communication protocol and end use industry.

Breakup by Product Type:

Servo Motors
AC Servo Motor
DC Brush Less Servo Motor
Brushed DC Servo Motor
Linear Servo Motor
Servo Drives
AC Servo Drive
DC Servo Drive
Adjustable Servo Drive
Others

Breakup by Voltage Range:

Low Voltage
Medium and High Voltage

Breakup by System:

Linear System
Rotary System

Breakup by Communication Protocol:

Fieldbus
Industrial Ethernet
Wireless

Breakup by End Use Industry:

Machine Tools
Packaging
Robotics
Semiconductors
Electronics
Rubber and Plastics
Others

Breakup by Region:

Asia Pacific
Japan
China
South Korea
India
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
North America
United States
Canada
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Bosch Rexroth AG, Delta Electronics, Inc., Emerson Electric Co., Fanuc Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yaskawa Electric Corporation.

Key Questions Answered in This Report:
How has the global servo motors and drives market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global servo motors and drives market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the voltage range?
What is the breakup of the market based on the system?
What is the breakup of the market based on the communication protocol?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global servo motors and drives market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SERVO MOTORS AND DRIVES MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Servo Motors
  6.1.1 Market Trends
  6.1.2 Market Breakup by Type
  6.1.3 Market Forecast
6.2 Servo Drives
  6.2.1 Market Trends
  6.2.2 Market Breakup by Type
  6.2.3 Market Forecast

7 MARKET BREAKUP BY VOLTAGE RANGE

7.1 Low Voltage
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Medium and High Voltage
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY SYSTEM

8.1 Linear System
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Rotary System
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY COMMUNICATION PROTOCOL

9.1 Fieldbus
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Industrial Ethernet
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Wireless
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY END USE INDUSTRY

10.1 Machine Tools
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Packaging
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Robotics
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Semiconductors
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Electronics
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Rubber and Plastics
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Others
  10.7.1 Market Trends
  10.7.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 Asia Pacific
  11.1.1 Japan
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 China
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
  11.1.3 South Korea
    11.1.3.1 Market Trends
    11.1.3.2 Market Forecast
  11.1.4 India
    11.1.4.1 Market Trends
    11.1.4.2 Market Forecast
  11.1.5 Australia
    11.1.5.1 Market Trends
    11.1.5.2 Market Forecast
  11.1.6 Indonesia
    11.1.6.1 Market Trends
    11.1.6.2 Market Forecast
  11.1.7 Others
    11.1.7.1 Market Trends
    11.1.7.2 Market Forecast
11.2 Europe
  11.2.1 Germany
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Italy
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 Spain
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 France
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 United Kingdom
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Russia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 North America
  11.3.1 United States
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 Canada
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 ABB Ltd.
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 Bosch Rexroth AG
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 SWOT Analysis
  16.3.3 Delta Electronics, Inc.
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
    16.3.3.4 SWOT Analysis
  16.3.4 Emerson Electric Co.
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
    16.3.4.4 SWOT Analysis
  16.3.5 Fanuc Corporation
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 Mitsubishi Electric Corporation
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
    16.3.6.4 SWOT Analysis
  16.3.7 Nidec Corporation
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Rockwell Automation Inc.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis
  16.3.9 Schneider Electric SE
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 Siemens AG
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 Financials
    16.3.10.4 SWOT Analysis
  16.3.11 Yaskawa Electric Corporation
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials

LIST OF TABLES

Table 1: Global: Servo Motors and Drives Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Servo Motors and Drives Market: Breakup by Product Type (in Million US$), 2017 & 2022
Table 3: Global: Servo Motors and Drives Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 4: Global: Servo Motors and Drives Market: Breakup by Voltage Range (in Million US$), 2017 & 2022
Table 5: Global: Servo Motors and Drives Market Forecast: Breakup by Voltage Range (in Million US$), 2023-2028
Table 6: Global: Servo Motors and Drives Market: Breakup by System (in Million US$), 2017 & 2022
Table 7: Global: Servo Motors and Drives Market Forecast: Breakup by System (in Million US$), 2023-2028
Table 8: Global: Servo Motors and Drives Market: Breakup by Communication Protocol (in Million US$), 2017 & 2022
Table 9: Global: Servo Motors and Drives Market Forecast: Breakup by Communication Protocol (in Million US$), 2023-2028
Table 10: Global: Servo Motors and Drives Market: Breakup by End Use Industry (in Million US$), 2017 & 2022
Table 11: Global: Servo Motors and Drives Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 12: Global: Servo Motors and Drives Market: Breakup by Region (in Million US$), 2017 & 2022
Table 13: Global: Servo Motors and Drives Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 14: Global: Servo Motors and Drives Industry: Key Price Indicator
Table 15: Global: Servo Motors and Drives Industry: Market Structure
Table 16: Global: Servo Motors and Drives Market: Key Players

LIST OF FIGURES

Figure 1: Global: Servo Motors and Drives Market: Major Drivers and Challenges
Figure 2: Global: Servo Motors and Drives Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Servo Motors and Drives Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Servo Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 5: Global: Servo Motors Market: Breakup by Type (in %), 2022
Figure 6: Global: Servo Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 7: Global: Servo Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Servo Drives Market: Breakup by Type (in %), 2022
Figure 9: Global: Servo Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Low Voltage Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Low Voltage Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Medium and High Voltage Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Medium and High Voltage Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Rotary Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Rotary Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Linear Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Linear Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Servo Motors and Drives (Fieldbus) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Servo Motors and Drives (Fieldbus) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Servo Motors and Drives (Industrial Ethernet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Servo Motors and Drives (Industrial Ethernet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Servo Motors and Drives (Wireless) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Servo Motors and Drives (Wireless) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Servo Motors and Drives (Machine Tools) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Servo Motors and Drives (Machine Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Servo Motors and Drives (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Servo Motors and Drives (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Servo Motors and Drives (Robotics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Servo Motors and Drives (Robotics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Servo Motors and Drives (Semiconductors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Servo Motors and Drives (Semiconductors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Servo Motors and Drives (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Servo Motors and Drives (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Servo Motors and Drives (Rubber and Plastics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Servo Motors and Drives (Rubber and Plastics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Servo Motors and Drives (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Servo Motors and Drives (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia Pacific: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Asia Pacific: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: China: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: China: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: India: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: India: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Australia: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Australia: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Indonesia: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Indonesia: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Others: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Others: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Europe: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Europe: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Germany: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Germany: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: France: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: France: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: United Kingdom: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: United Kingdom: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Russia: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Russia: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: North America: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: North America: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United States: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United States: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Canada: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Canada: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Latin America: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Latin America: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Brazil: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Brazil: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Mexico: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Mexico: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Middle East and Africa: Servo Motors and Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Middle East and Africa: Servo Motors and Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Servo Motors and Drives Market: Breakup by Country (in %), 2022
Figure 87: Global: Servo Motors and Drives Industry: SWOT Analysis
Figure 88: Global: Servo Motors and Drives Industry: Value Chain Analysis
Figure 89: Global: Servo Motors and Drives Industry: Porter’s Five Analysis


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