A servomotor is a rotary or linear actuator that can control angular or linear position, velocity, and acceleration with precision. It is made comprised of an appropriate motor and a position feedback sensor. It also necessitates a complex controller, which is frequently a separate module created exclusively for servomotors. The short range servo motors have application in automotive and transportation, electronics, robotics etc.
MARKET SCOPE
The "Global Short Range servo motors Market Analysis to 2028" is a specialized and in-depth study of the Short range servo motors Market with a special focus on the global market trend analysis. The report aims to provide an overview of short range servo motors market with detailed market segmentation by type and application. The global short range servo motors market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading short range servo motors market player and offers key trends and opportunities in the short range servo motors market.
MARKET SEGMENTATION
- Based on type the market is segmented as, 2-phase hybrid stepper motors, 3-phase hybrid stepper motors.
- Based on application the market is segmented as, automotive and transportation, semiconductor and electronics, food processing, textile machine and others.
MARKET DYNAMICS
Drivers-
- Factors such as growing automation across verticals, integration of motion control systems and high adoption of servo motors across verticals are expected to drive market growth.
- Growing adoption of international standards for motor efficiency is also expected to fuel the market growth during the forecast period.
- Technological advancements in motor systems is also expected to propel the market growth.
Restraints-
- High cost of short range servo motors and availability of alternatives are expected to restrain market growth during the forecast period.
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 short range servo motors market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The short range servo motors 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 short range servo motors 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 short range servo motors market in these regions.
IMPACT OF COVID-19 ON SHORT RANGE SERVO MOTORS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the short range servo motors market 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 short range servo motors market are anticipated to lucrative growth opportunities in the future with the rising demand for short range servo motors market. Below mentioned is the list of few companies engaged in the short range servo motors market.
The report also includes the profiles of key short range servo motors market 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
- FANUC CORPORATION
- Siemens
- Yaskawa America, Inc
- Mitsubishi Electric Corporation
- Panasonic Corporation of North America
- Rockwell Automation, Inc
- Emerson Electric Co
- TECO Electro Devices Co., Ltd
- Moog Inc