Global Servo Motors and Drives Market: Insights and Forecast (2021-2026)

The Servo Motors & Drives Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Brazil, Germany, France, Italy, China, Japan, India, South Korea).
DELHI, India - Nov. 12, 2021 - PRLog -- The Global Servo Motors and Drives Market was valued at USD 10.32 billion in the year 2020. The global Servo Motors and Drives market has been witnessing lucrative growth due to the growing automation in factories, rising adoption of international standards for motor efficiency, development of user-friendly motion control libraries and packages for motors and drives, and increasing production of vehicles.

The major factors driving the market for Servo Motors and Drives is the replacement of outdated low efficient electric motors with highly efficient servo drives and motors. In addition, the strict energy consumption regulations and environment protection acts as the key factors that are driving the servo drives and motors market globally.

APAC region occupied the largest share in global Servo Motors and Drives market. Asia Pacific is projected to have fastest growth, owing to rapidly increasing automobile industry, rise in industrial sector, and growing investment in the manufacturing industry in developing nations such as China, and India in this region. Among all the applications, automotive industry has the highest market share in Asia Pacific servo motors and drives market due to spur in automotive industry, innovation, and technical advancement in automotive industry.

Scope of the Report
  • The report presents the analysis of Servo Motors & Drives market for the historical period of 2016-2020 and the forecast period of 2021-2026.
  • The report analyses the Servo Motors & Drives Market by Product Type (Servo Motors, Servo drives).
  • The report analyses the Servo Motors & Drives Market by Voltage Range (ow Voltage, Medium Voltage, High Voltage).
  • The report analyses the Servo Motors & Drives Market by End User (Industrial Machinery & Equipment, Semiconductor & Electronics, Automotive, Printing & Packaging Equipment, Healthcare, Others).
  • The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Shenzhen Inovance Tech, Yaskawa Electric Corporation, Mitsubishi Electric, Fuji Electric Co., Rockwell Automation, Delta Electronics, Emerson, Robert Bosch, Siemens AG, ABB Ltd.

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