The servo drive is an electronics amplifier that receives a command from the control system, amplifies the signal, and transmits electric current to a servo motor to produce motion corresponding to the command signal. Growing digitalization and surging investments for infrastructural development across developing and developed countries propel the servo drive market growth. Moreover, increasing preference to achieve precise and high-speed operation of the motor system results in the rising need for the servo drive, which is also augmenting the growth of the servo drive market.
MARKET DYNAMICS
Factor such as rapid growth in automation, technical product upgradations, and the adoption of energy-efficient international standards, and ease of use and integration of motion control components in drives and motors are the significant drivers for the servo drive market growth. However, the high implementation cost may hamper the growth of the servo drive market. Furthermore, rising consumer preference toward systems facilitating faster control response and increased holding power and development of user-friendly motion control packages are expected to provide ample growth opportunities for the servo drive market growth in the coming years.
MARKET SCOPE
The "Global Servo Drive Market Analysis to 2028"? is a specialized and in-depth study of the servo drive industry with a special focus on the global market trend analysis. The report aims to provide an overview servo drive market with detailed market segmentation as drive, category, voltage, application, and geography. The global servo drive market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading servo drive market players and offers key trends and opportunities in the servo drive market.
MARKET SEGMENTATION
The global servo drive market is segmented on the basis of drive, category, voltage, application. On the basis of drive the market is segmented as AC, DC. On the basis of category the market is segmented as digital, analog. On the basis of voltage the market is segmented as low, medium and high. On the basis of application the market is segmented as oil and gas, metal and mining, packaging, rubber and plastics, semiconductor, material handling, robotics, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global servo drive market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The servo drive market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting servo drive market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the servo drive market in these regions.
MARKET PLAYERS
The reports cover key developments in the servo drive market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Servo drive market are anticipated to lucrative growth opportunities in the future with the rising demand for servo drive in the global market. Below mentioned is the list of few companies engaged in the servo drive market.
The report also includes the profiles of key servo drive companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Fuji Electric Co., Ltd.
- Hitachi, Ltd.
- Mitsubishi Electric Corporation
- Rockwell Automation
- Schneider Electric
- Servotronix Motion Control Ltd.
- Siemens AG
- Yaskawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.