Servo Motor Trends and Forecast
The future of the global servo motor market looks promising with opportunities in the industrial machinery, motor vehicle, HVAC equipment, aerospace & transportation, and household appliances markets. The global servo motor market is expected to reach an estimated $16.6 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rapid growth and advancements in automation, expanding adherence to global energy-efficient norms, as well as, increasing consumer demand for powerful motors.
• Lucintel forecasts that AC will remain the larger segment over the forecast period.
• Within this market, motor vehicle will remain the largest segment due to growing demand for electric and hybrid vehicles.
• APAC will remain the largest region over the forecast period due to growing industrial activities.
United States - Companies like Rockwell Automation focus on developing advanced servo motor systems for industrial automation. Government targets include promoting the adoption of servo motors in manufacturing to enhance productivity and competitiveness, supporting the countryÄX%$%Xs industrial growth and technological innovation.
Japan - Japanese servo motor manufacturers, such as Yaskawa Electric Corporation, invest in R&D for high-performance servo motor solutions. Government initiatives aim to support the development of cutting-edge servo motor technologies and promote their adoption in various industries to drive economic growth and innovation.
Germany - German companies, like Siemens AG, emphasize energy-efficient servo motor technologies for sustainable manufacturing. Government targets include reducing carbon emissions in industrial sectors through the adoption of eco-friendly servo motor systems, aligning with the countryÄX%$%Xs climate goals and promoting environmental sustainability.
China - Chinese servo motor manufacturers, including Delta Electronics, focus on expanding production capacities to meet growing domestic and international demand. Government targets aim to strengthen ChinaÄX%$%Xs position in the global servo motor market by supporting technological innovation and fostering a favorable business environment for servo motor companies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Servo Motor by Segment
The study includes a forecast for the global servo motor by type, application, and region.
Servo Motor Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• AC
• DC
Servo Motor Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
• Aerospace & Transportation
• Household Appliances
• Others
Servo Motor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Servo Motor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies servo motor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the servo motor companies profiled in this report include-
• General Electric Company
• Nidec Corporation
• Allied Motion Technologies
• Ametek
• Siemens
• Schneider Electric
• Rockwell Automation
Recent Development in the Servo Motor Market
Rockwell Automation: Rockwell Automation introduces "NextGen Servo Motors," featuring advanced control algorithms for precise motion control in industrial automation applications, enhancing productivity and efficiency in manufacturing processes.
Yaskawa Electric Corporation: Yaskawa Electric Corporation invests in research and development for high-performance servo motor solutions, focusing on improving speed, accuracy, and reliability to meet the evolving needs of industrial automation and robotics industries.
Siemens AG: Siemens AG develops energy-efficient servo motor technologies for sustainable manufacturing, emphasizing reduced power consumption and environmental impact in industrial operations, aligning with global sustainability goals and promoting eco-friendly manufacturing practices.
Delta Electronics: Delta Electronics expands production capacities for servo motors in China, leveraging advanced manufacturing techniques to meet increasing demand from domestic and international markets, supporting the automation industryÄX%$%Xs growth and technological advancement.
Features of the Global Servo Motor Market
Market Size Estimates: Servo motor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Servo motor market size by type, application, and region in terms of value ($B).
Regional Analysis: Servo motor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the servo motor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the servo motor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the servo motor market size?
Answer: The global servo motor market is expected to reach an estimated $16.6 billion by 2030.
Q2. What is the growth forecast for servo motor market?
Answer: The global servo motor market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the servo motor market?
Answer: The major drivers for this market are rapid growth and advancements in automation, expanding adherence to global energy-efficient norms, as well as, increasing consumer demand for powerful motors.
Q4. What are the major segments for servo motor market?
Answer: The future of the global servo motor market looks promising with opportunities in the industrial machinery, motor vehicle, HVAC equipment, aerospace & transportation, and household appliances markets.
Q5. Who are the key servo motor market companies?
Answer: Some of the key servo motor companies are as follows:
• General Electric Company
• Nidec Corporation
• Allied Motion Technologies
• Ametek
• Siemens
• Schneider Electric
• Rockwell Automation
Q6. Which servo motor market segment will be the largest in future?
Answer: Lucintel forecasts that AC will remain the larger segment over the forecast period.
Q7. In servo motor market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing industrial activities.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the servo motor market by type (AC and DC), application (industrial machinery, motor vehicles, HVAC equipment, aerospace & transportation, household appliances, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Servo Motor Market, Servo Motor Market Size, Servo Motor Market Growth, Servo Motor Market Analysis, Servo Motor Market Report, Servo Motor Market Share, Servo Motor Market Trends, Servo Motor Market Forecast, Servo Motor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.