AC Servo Motor Market Scope
AC servo motor includes an encoder which is used by the controllers to give feedback as well as closed-loop control. AC motor can be located too high accuracy as well as controlled accurately as necessary for the applications. These motors have superior designs in order to achieve better torque. The AC servo motor applications mainly include robotics, automation, CNC equipment, and many more applications. This has led to significant growth of the global AC servo motor market in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Siemens AG (Germany), ABB (Switzerland), Rockwell Automation, Inc. (United States), KEB Automation KG (Germany), Bosch Rexroth AG (Germany), Mitsubishi Electric Corporation (Japan), FANUC CORPORATION (Japan), The Yaskawa Electric Corporation (Japan), Schneider Electric (France) and Panasonic Corporation (Japan) |
CAGR | % |
AC Servo Motor market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that European and Asian Players will contribute to the maximum growth of Global AC Servo Motor market throughout the predicted period.
Siemens AG (Germany), ABB (Switzerland), Rockwell Automation, Inc. (United States), KEB Automation KG (Germany), Bosch Rexroth AG (Germany), Mitsubishi Electric Corporation (Japan), FANUC CORPORATION (Japan), The Yaskawa Electric Corporation (Japan), Schneider Electric (France) and Panasonic Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are MOOG INC. (United States), TECO Electro Devices Co., Ltd. (Taiwan) and Delta Electronics, Inc. (Taiwan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global AC Servo Motor market by Type and Region with country level break-up.
On the basis of geography, the market of AC Servo Motor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 30th September 2020, Yaskawa Electric Corporation has offered AC servo motor and controller as a leading AC servo drive manufacturer indispensable for motion control of manufacturing equipment to a wide range of customers in Japan and overseas since 1983. It is pleased to announce that the cumulative AC servo motor shipments reached 20 million units in August 2020.
On 6th March 2019, Mitsubishi Electric Corporation has announced that it has launched a new series of servo systems—the General Purpose AC Servo MELSERVO J5 series (65 models) and the iQ-R Series Motion Control Unit (7 models)—starting from May 7. These are the world’s-first servo system products on the market to support the CC-Link IE TSN next-generation industrial open network.
Influencing Trend:
Industrial Revolution 4.0
Market Growth Drivers:
Rapid Development & Growth in Automation, Increase in Acceptance of Energy Effective International Standards and Rising Easy Usage & Integration of Motion Control Components in Motors
Challenges:
High Pricing Compared to Stepper Motors
Restraints:
Risk As Well As Uncertainty in the Market and Shortage of Skilled Workforce and Trained Workers
Opportunities:
Developing Regions for Servo Motors and Enhanced Encoders to Create New Possibilities in the Motors Market
Key Target Audience
AC Servo Motor Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others