The global servo motors and drives market is expected to grow at a CAGR of around 4.9% during 2024-2033. This report on global servo motors and drives market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global servo motors and Drives market by segmenting the market based on offering, product type, system, voltage, communication protocol, brake technology, material of construction, industry and region. Also, detailed profiles of companies operating in the servo motors and Drives market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Stringent Energy Efficiency Norms
• Flourishing Automotive Sector
• Positive Outlook Toward Energy Intensive Industries
Market Challenges
• High associated cost
• Lack of Skilled Workforce
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Offering
• Hardware
• Software and Services
Market by Product Type
• Servo Motors
- AC Servo Motor
- DC Brush Less Servo Motor
- Brushed DC Servo Motor
- Linear Servo Motor
• Servo Drives
- AC Servo Drive
- DC Servo Drive
- Adjustable Servo Drive
- Other Types of Drives
Market by System
• Linear System
• Rotary System
Market by Voltage
• Low Voltage
• Medium Voltage
• Large Voltage
Market by Communication Protocol
• Fieldbus
• Industrial Ethernet
• Wireless
Market by Brake Technology
• Spring
• Permanent Magnet
• Others
Market by Material of Construction
• Stainless Steel
• Others
Market by Industry
• Automotive & Transportation
• Semiconductor & Electronics
• Food Processing
• Textile
• Petrochemicals
• Packaging
• Pharmaceuticals & Healthcare
• Printing & Paper
• Others
Market by Region
• Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
• North America
- United States
- Canada
• Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
• Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
• Middle East & Africa
- Saudi Arabia
- Turkey
- Iran
- United Arab Emirates
- Rest of Middle East & Africa