Report Code: BWC19109
Available Format: PDF
Global Servo Motor Market: Overview
The Servo motor market is estimated to be one of the most lucrative markets in the automotive sector and estimated to grow at a significant rate during the forecast period 2019-2025. It is one of the most commonly used automation tools in various application industries, which makes it highly essential on a global scale. Servo motors are the most sophisticated motion control devices with advanced design methods, high-force magnet materials, and precise dimensional tolerance. They are utilized in industrial machine tools, Computerized Numerical Controllers (CNC) manufacturing machines, and processes and packaging applications. A Servo Motor is a rotary actuator that allows for precise control of the angular position. They work on servomechanism, which uses error-sensing feedbacks to correct the functioning. These electrical devices used in numerous application areas like automobile manufacturing, packaging machines, food processing, semiconductors, and healthcare industries. Growing automation and transportation segments, increasing demands in robotics, healthcare and other emerging industries and falling costs of servomotors are the greatest drivers for the industry. Increasing demand for energy-efficient motors has resulted in a shift from standard energy-efficient electric motors to premium ones and technological advancement fuel the servo motor market globally.
AC Motor segment holds the largest market share of the overall servo motor market during the forecast period
On the basis of motor type, the servo motor market has been segmented into AC motor and DC motor. In 2017, AC Motor is the leading segment in the global servo market and anticipated to lead over the forecast period 2019-2025. AC motor type endures higher current, used in in-line manufacturing, robots, and other industrial applications where high precision and repetition are required. AC motors are comparatively lighter and smaller and are generally used in HVAC equipment, industrial and home appliances, and manufacturing facilities. They are more cost-effective as they incur negligible or no maintenance cost. Growing adoption of electric vehicles, falling prices and increasing demand for servomotors are expected to maintain a steady pace in the industry. The DC Motor segment is projected to grow with a significant growth rate. These are used for variable speed control applications in electronic toys, industrial machinery, and equipment, among others.
Motor Vehicle segment is the leading application in the global servo motor market during the forecast period
On the basis of application, the servo motor market has been divided into Industrial Machinery, Motor Vehicles, Household Appliances, Aerospace & Transportation, Heating, ventilation, and air conditioning (HVAC), and Others. Growing demand for high-performance motors, increasing vehicle production worldwide will fuel the servo motor in the automotive sector. Servo motors enhance the efficiency of production and manufacturing facilities in the automotive industry. Additionally, adoption of these motors has increased exponentially in the automotive industry due to the development of low-cost and highly efficient electronics, advancements in technology used in servo systems have resulted in increased end-user interest.
Asia Pacific is expected to account for the largest market size in the global servo motor market during the forecast period.
Based on the region, the servo motor market has been bifurcated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2017, Asia-pacific accounts for the largest share of the global servo motor. Owing to rising industrialization, growing demand for energy-efficient products, increasing production and sale of an electric vehicle. An increasing number of initiatives taken by the governing authorities such as offering subsidies and incentives on purchasing the electric vehicles will fuel the growth of the servo motor market in the APAC region.
Objective of the Study:
- To analyze and forecast market size of the Global servo motor market, in terms of value & volume.
- To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting servo motor market into five regions, namely, North America, Europe, Asia Pacific, Middle East and their leading countries.
- To outline, categorized and forecast the global servo motor market on the basis of application, and by type.
- To examine competitive developments like expansions, technological advancement, services, and regulative framework within the global servo motor market.
- To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
- To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Global Servo Motor Market Competitive Landscape
Companies such as ABB Ltd., Allied Motion Technologies, Inc., Ametek, Inc., General Electric Company, Nidec Corporation, Rockwell Automation Inc., Schneider Electric, Emerson Electric Company, Siemens AG, WEG Industries, Hitachi Ltd., Oriental Motor, Mitsubishi Electric Corp., Panasonic, Rexroth (Bosch), Delta, Toshiba Corp., Danfoss Group, Fuji Electric Holdings Co. Ltd., Yaskawa Electric Corp. are the key players in manufacturing servo motor globally.
Key Target Audience:
- Market research and consulting firms
- Industry associations
- Raw material suppliers
- Global servo motor manufacturers
- Research organizations and consulting companies
- Organizations, associations and alliances related to servo motor market
- Regulatory bodies
Scope of the Report
- Industrial Machinery
- Motor Vehicles
- Household Appliances
- Aerospace & Transportation
- Heating, ventilation, and air conditioning (HVAC)
- AC Motor
- DC Motor
In addition, the report provides analysis of the servo motor market with respect to the following geographic segments and their high performing regions:
- North America
- Asia Pacific (APAC)
Business Questions answer by the report
- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with detailed classification
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
- With five additional company detail analysis.
- Additional country analysis.
- Detailed segment analysis.
1. Research Framework
1.1. Research overview
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
3. Executive Summary
4. Industry Insights
4.1. Industry Value Chain Analysis
4.1.1. Vendor Matrix
4.2. Pricing Analysis
4.3. Industry Impact and Forces
4.3.1. Growth Drivers
4.4. Technological Landscape
4.5. Regulatory Framework
4.6. Company market share analysis,2018
4.7. Growth Potential analysis,2018
4.8. Porter’s Five forces analysis
4.8.1. Bargaining Power of Suppliers
4.8.2. Bargaining Power of Buyers
4.8.3. Threat of New Entrants
4.8.4. Threat of Substitutes
4.8.5. Intensity of Rivalry
4.9. PESTEL Analysis
4.10. Strategic Outlook
5. Servo Motor Market Overview
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Application
5.2.3. By Region
6. Servo Motor Market, By Application
6.1. Key Application Trends
6.2. Industrial Machinery
6.2.1. Market estimates & forecast, 2015-2025
6.3. Motor Vehicles
6.3.1. Market estimates & forecast, 2015-2025
6.4. Household Appliances
6.4.1. Market estimates & forecast, 2015-2025
6.5. Aerospace & Transportation
6.5.1. Market estimates & forecast, 2015-2025
6.6. Heating, ventilation, and air conditioning (HVAC)
6.6.1. Market estimates & forecast, 2015-2025
6.7.1. Market estimates & forecast, 2015-2025
7. Servo Motor Market, By Type
7.1. Key Type Trends
7.2. AC Motor
7.2.1. Market estimates & forecast, 2015-2025
7.3. DC Motor
7.3.1. Market estimates & forecast, 2015-2025
8. Servo Motor Market, By Region
8.1. Key Regional Trends
8.2. North America
8.2.1. Market estimates & forecast, 2015-2025
8.2.2. Market estimates & forecast, By Application , 2015-2025
8.2.3. Market estimates & forecast, By Type, 2015-2025
8.2.4. Market estimates & forecast, By Country, 2015-2025
8.3.1. Market estimates & forecast, 2015-2025
8.3.2. Market estimates & forecast, By Application , 2015-2025
8.3.3. Market estimates & forecast, By Type, 2015-2025
8.3.4. Market estimates & forecast, By Country, 2015-2025
8.4. Asia Pacific
8.4.1. Market estimates & forecast, 2015-2025
8.4.2. Market estimates & forecast, By Application , 2015-2025
8.4.3. Market estimates & forecast, By Type, 2015-2025
8.4.4. Market estimates & forecast, By Country, 2015-2025
8.5. Latin America
8.5.1. Market estimates & forecast, 2015-2025
8.5.2. Market estimates & forecast, By Application , 2015-2025
8.5.3. Market estimates & forecast, By Type, 2015-2025
8.5.4. Market estimates & forecast, By Country, 2015-2025
8.6. Middle east & Africa
8.6.1. Market estimates & forecast, 2015-2025
8.6.2. Market estimates & forecast, By Application , 2015-2025
8.6.3. Market estimates & forecast, By Type, 2015-2025
8.6.4. Market estimates & forecast, By Country, 2015-2025
9. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook)
9.2 Allied Motion Technologies, Inc.
9.3 Ametek, Inc.
9.4 General Electric Company
9.5 Nidec Corporation
9.6 Rockwell Automation Inc.
9.7 Schneider Electric
9.8 Siemens AG
9.10 Hithachi Ltd.
9.11 Oriental Motor
9.12 Mitsubishi Electric Corp.
9.14 Rexroth (Bosch)
9.16 Emerson Electric Co.
9.17 Toshiba Corp.
9.18 Danfoss Group
9.19 Fuji Electric Holdings Co. Ltd.
9.20 Yaskawa Electric Corp