Global Servo Motors Market Overview:
A servomotor is a linear actuator or rotary actuator which permits for precise control of angular or linear position, velocity as well as acceleration. Servo motors include a broad portfolio of rotary motors as well as linear motors. It contains of a suitable motor attached to a sensor for position feedback. It also needs a comparatively sophisticated controller, often a dedicated module designed specifically for use with servomotors. These are not a specific class of motor though the term servomotor is frequently used to mention a motor suitable for use in a closed-loop control system. Servomotors are widely used in applications including robotics, CNC machinery as well as automated manufacturing. Additionally, these motors are easy for installation as well as involve no maintenance cost, thus boosting their demand over the near future. According to AMA, the Global Servo Motors market is expected to see growth rate of 6.4%
Growth Drivers
- Development & Rapid Growth in Automation
- Acceptance of Energy Effective International Standards
- Easy Usage & Integration of Motion Control Components in Motors
Roadblocks
- Risk As Well As Uncertainty in the Market
- Shortage of Skilled Workforce & Trained Workers
Opportunities
- Industrial Revolution 4.0
- Developing Regions for Servo Motors
- Enhanced Encoders to Create New Possibilities in the Motors Market
Challenges
- High Pricing Compared to Stepper Motors
Competitive Landscape:
In November 2018, Siemens AG has announced the launch of a new coupling adapter for linking Simogear gear units to Siemens servomotors. The flexible new solution can attach different gear unit types to diverse servomotors instead of using a separate dedicated adapter for each motor, the new solution completely simplifies handling. This new product launch will support the company to remain competitive in the coming years.
Some of the key players profiled in the report are Rockwell Automation, Inc. (United States), Siemens AG (Germany), KEB Automation KG (Germany), Bosch Rexroth AG (Germany), ABB (Switzerland), FANUC CORPORATION (Japan), The Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Schneider Electric (France) and Panasonic Corporation (Japan). Additionally, following companies can also be profiled that are part of our coverage like TECO Electro Devices Co., Ltd. (Taiwan), MOOG INC. (United States) and Delta Electronics, Inc. (Taiwan). Analyst at AMA Research see German, Japanese, and United States Vendors to retain maximum share of Global Servo Motors market by 2026. Considering Market by Industry Vertical, the sub-segment i.e. Automotive & Transportation will boost the Servo Motors market. Considering Market by Communication Protocol, the sub-segment i.e. Industrial Ethernet will boost the Servo Motors market. Considering Market by Voltage Range, the sub-segment i.e. Low-Voltage Servo Motors (Up to 690v) will boost the Servo Motors market. Considering Market by Offering, the sub-segment i.e. Motor Components will boost the Servo Motors market.
What Can be Explored with the Servo Motors Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Servo Motors Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Servo Motors
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Servo Motors market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Servo Motors market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Servo Motors Manufacturers, Original Equipment Manufacturers (OEMs), Raw Material Suppliers, Component and Device Suppliers and Distributors, Automotive Control System Integrators, Automobile Manufacturers, Software, Services, and Technology Providers, Government, Regulating Authorities, Organizations, Associations, Forums, and Alliances Related to Semiconductor and Automotive Industries Research Institutes and Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.