AC Servo Motors and Drives Market, Industry Demand, Key Competitors, and Trends by 2032
The global AC servo motors and drives market is expected to grow significantly, reaching $6.91 billion by 2032, with a steady annual growth rate of 7.77% from 2020 to 2032. This growth is mainly driven by the increasing use of robots and smart machines, which require advanced AC servo motors and drives.
According to Fortune Business Insights, their latest report covers various aspects of this market, including different types of servo motors (like synchronous and induction), voltage ranges (low, medium, and high), and communication methods (such as Fieldbus, Industrial Ethernet, and Wireless). It also looks at how these systems are used across industries like aerospace, automotive, electronics, packaging, food processing, and chemicals.
An AC servo system consists of motors and drives that work together in a closed-loop system. This means they use feedback to precisely control movement, speed, and positioning in machines. The AC servo drive, in particular, acts as an electric amplifier that regulates the motor’s performance.
Know More Information:
https://www.fortunebusinessinsights.com/ac-servo-motor-market-103513
List of the Companies Profiled in the Global AC Servo Motors and Drives Market are:
- ABB Group (Switzerland)
- Delta Electronics, Inc. (Taiwan)
- FANUC Corporation (Japan)
- Fuji Electric Co., Ltd. (Japan)
- Kollmorgen Corporation (The U.S.)
- Mitsubishi Electric Corporation (Japan)
- Nidec Corporation (Japan)
- Rockwell Automation, Inc. (The U.S.)
- Schneider Electric SA (France)
- Siemens AG (Germany)
- Yaskawa Electric Corporation (Japan)
What does the Report Provide?
The report on the global AC servo motors and drives market gives a detailed look at the factors that will influence its growth, including key drivers and challenges. It also provides a regional analysis, showing how different parts of the world are contributing to market expansion.
The report highlights the competitive landscape, focusing on top companies and their strategies, such as launching new products, forming partnerships, and working together to boost market growth. Additionally, researchers have used well-known methods like PORTER’s Five Forces Analysis and PESTEL analysis to study industry trends and developments that will shape the market in the coming years.
DRIVING FACTORS
Increasing Adoption of Industrial Robots to Augment Growth
According to the International Federation of Robotics, around 373,240 industrial robots were installed worldwide in 2019, with a total value of $13.8 billion. Of these, 28% were used in the automotive industry, while 24% went to the electronics industry.
As industries look for ways to speed up their processes, the demand for industrial robots is increasing. This, in turn, is expected to drive the need for advanced AC servo motors and drives. Additionally, the rising demand for high-tech AC servo systems that offer smoother performance, more flexibility, and longer operational life will likely help the global market grow in the coming years.
SEGMENTATION
Servo Motor Held 54.8% Market Share in 2019
The servo motor segment is expected to grow significantly in the coming years. This growth is mainly due to the rising demand for advanced servo motors in various industries to enhance performance and minimize downtime. In 2019, this segment accounted for about 54.8% of the market share.
REGIONAL INSIGHTS
Asia-Pacific to Lead the Market as Manufacturing Grows
Asia-Pacific is expected to dominate the global AC servo motors and drives market in the coming years. This is mainly due to the increasing number of manufacturing plants in countries like South Korea, China, and Japan, which are driving demand for advanced AC servo motors and drives.
Meanwhile, other regions worldwide are also expected to see strong growth, especially as more industries adopt automation between 2020 and 2027.
COMPETITIVE LANDSCAPE
Major Companies Invest to Stay Ahead
The global AC servo motors and drives market is led by big companies that are investing in new and advanced servo systems to strengthen their position. Besides this, other key players are using strategies like mergers, acquisitions, expanding their facilities, and forming partnerships to help the market grow in the coming years.
Industry Development:
- April 2020 – Mitsubishi Electric Corporation introduced the MELSERVO-J5 Series, a new range of AC servo motors, amplifiers, and motion control units. According to the company, this series provides greater flexibility, efficiency, performance, and reliability. It is mainly designed for industrial uses like material handling, packaging, and printing.
Comments
0 comment