Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.50% during the review period (2022 to 2027)
AC Servomotors Market Overview
The global AC servo motors and dynamisms market size was USD 6.80 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with the AC servo motors and drives seeing a positive impact on demand crossways all areas amid the epidemic. Based on our analysis, the global market showed a stellar growth of 1.20% in 2020. The market is likely to grow from USD 6.88 billion in 2020 to USD 10.79 billion in 2027 at a CAGR of 6.50% during the 2020-2027 period. The rise in CAGR is attributable to this marketplace’s demand and growth, recurring to pre-pandemic levels once the pandemic is over.
The AC servo engines and drives composed form a closed-loop control system that utilizes site response to control its speed, motion, and final position. The market growth can be further attributed to an increased demand for servo motors and dynamisms from the industrial manufacturing sector to design and develop more automatic closed-loop control machinery. The closed-loop AC servo system provides several rewards, including high stability, low compassion to limit difference, and improved presentation.
Industry News-
January 27, 2022: SANYO DENKI Launches 120 × 120 × 38 mm DC Fan with the Lowest Noise in the Industry
SANYO DENKI CO., LTD. has developed and launched the 120 × 120 × 38 mm San Ace 120 9RA type DC Fan that features the lowest noise in the industry,This fan is ideal for cooling medical equipment, measuring instruments, and other applications that require particularly quiet operati
9th December 2021: Industrial automation group Inovance Technology Europe has announced the release of the MD800 – an AC multidrive designed to meet the needs of European OEMs for ever more flexible and scalable multidrive performance in an ever more compact footprint
Who are the Major Players in AC Servomotors Market?
Top Key players in the AC Servomotors Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Yaskawa, Mitsubishi, Sigmatek, Fanuc, Siemens, Rockwell, ABB, Rexroth (Bosch), Panasonic, Nidec, Delta, SANYO DENKI, Teco, Schneider, Moog, Oriental Motor, Parker Hannifin, HNC, Kollmorgen, Lenze, Toshiba, Beckhoff, GSK, Inovance, LS Mecapion, Infranor, Tamagawa, LTI Motion and others.
What are the major Applications, Types and Regions for AC Servomotors Market?
AC Servomotors Market is segmented based on the type, applications, companies and regions.
AC Servomotors Market has been segmented into By Type,
- Less than 2KW
- 2KW-5KW
- More than 5KW
AC Servomotors Market has been segmented into By end user’s industry application,
- Machine Tools
- Packaging Applications
- Textile
- Electronic Equipment
- Other
AC Servomotors Market Regional Analysis
Asia Pacific market stood at USD 2.35 billion in 2020 and is expected to control the global AC servo motors and drives market during the forecast period. North America listed a important share in the base year due to the increased application of robot arms in the industrial process to have supple flow lines. Europe is expected to witness significant growth during the forecast period due to the strong attendance of end-use businesses. Rest of the World is expected to cabinet reasonable growth during the forecast period.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our AC Servomotors Market Report Scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 6.50% during the review period (2022 to 2027).
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By Type
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- Less than 2KW
- 2KW-5KW
- More than 5KW
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By Application
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- Machine Tools
- Packaging Applications
- Textile
- Electronic Equipment
- Other
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By Companies
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Yaskawa, Mitsubishi, Sigmatek, Fanuc, Siemens, Rockwell, ABB, Rexroth (Bosch), Panasonic, Nidec, Delta, SANYO DENKI, Teco, Schneider, Moog
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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135
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Customization Available
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Yes, the report can be customized as per your needs
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.
Key Takeaways from this AC Servomotors Report
- Evaluate AC Servomotors market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the AC Servomotors market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Question -
What CAGR is the market projected to grow during the forecast period (2020-2027)?
The market is projected to grow at a CAGR of 6.50% during the forecast period (2020-2027).
Which region held the highest share in the market?
Asia Pacific held the highest market share in 2020.
Why is digital servo motors and drives industry observant important growth?
Digital servo motors and drives segment will witness CAGR of 6.50% through 2027 with rising product demand driven by shifting preference for units offering high holding power and faster control response.
Who are the key players in Servo Motors and Drives Market?
Yaskawa Electric Corp., Mitsubishi Electric Corp., ABB Ltd., Rockwell Automation, Inc., Siemens AG are the major companies operating in Servo Motors and Drives Market.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.