About DC Servo Motors
In direct current (DC) operation, servomotors are usually responded to error signals and accelerate the load quickly. A DC servomotor is an assembly of four separate components including DC motor, gear assembly, position sensing device and current circuit. The decline in prices of DC servomotor by key market players and the growth in the demand of these motors for various applications provides a lucrative opportunity for the very market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Japanese Manufacturers will contribute the maximum growth to Global DC Servo Motors market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Schneider Electric (France), Rockwell Automation Inc. (United States), ABB Ltd. (United States), KINCO Automation Pvt. Ltd (China), Delta Electronics, Inc. (Taiwan), Emerson Electric Co. (United States) and FANUC Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Kollmorgen Corporation (United States), Bosch Rexroth AG (Germany) and Adtech (SHENZHEN) Technology Co. Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global DC Servo Motors market by Type (Brush Motor and Brushless Motor), Application (Machine Tool, Packaging, Textiles, Printing, Industrial Automation and Others) and Region.
On the basis of geography, the market of DC Servo Motors 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). If we see Market by Material Type, the sub-segment i.e. Stainless Steel will boost the DC Servo Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage Range, the sub-segment i.e. Low Voltage will boost the DC Servo Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Growth in Automation and Advancement in DC Servo Motors
Market Growth Drivers:
Increasing Integration of Motion Control Components and Easy to Use of DC Servo Motors and The Growth in the Adoption of Energy-Efficient International Standards
Challenges:
High Prices Compared to Stepper Motors
Restraints:
Risk and Uncertainty in the Global Market and Lack of Skilled Workforce and Trained Workers in Developing Economies
Opportunities:
Industrial Revolution 4.0 to Create Opportunities for Servo Motors and Drives Market, Improved Encoders Create New Possibilities in the Motors and Drives Market and Potential for Adjustable Speed Drives
In September 2023, Applied Motion Products Inc. launch new servo drives, motors and more for AGV and AMR applications. These new AGV industry related products are the first of a range standard and application customised components from the leading USA motion systems manufacturer and will be followed by higher power single and dual/multi-axis drives, integrated motor/drives, AGV motion controls, bespoke wheel, and hub drive assemblies as well as mounting and suspension mechanics and more.
Key Target Audience
DC Servo Motors Manufacturers, Component Supplers, Raw Material Suppliers, DC Servo Motors Distributors/Suppliers, Exporters/Importers, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.