The report of Global servo motors and drives market by Servo Drives Type (AC servo drives, DC servo drives, Adjustable speed) Servo Motor Type (AC servo motors, DC brushless, Brushed DC, Linear servo motors) Technology (Single axis servo system, Multiple axis servo system) Application (Automotive, Semiconductor and Electronics, Material handling, Food processing, Healthcare, Robotics, Aerospace and Transportation) and Region (Asia Pacific, North America, Europe, Latin America, Middle East Africa) is expected to reach US$ 20.30 Bn by 2026, at a CAGR of XX% during a forecast period.
Servo motor is used for precise control of angular or linear position. Servo drive is an electronic amplifier used to deliver electric current to servo motor. It is widely used in many industries like automotive, food processing, packaging, printing & paper, etc. Servo motors work on servo mechanism that uses position feedback to control the speed and final position of the motor. Servo motor depend on the various parts like a motor, feedback circuit, controller and other electronic circuit.
AC servo motor segment is expected to grow at the highest XX% CAGR during the forecast period.
The AC Servo Motors are divided into two types 2 and 3 Phase AC servomotor. Most of the AC servomotor are of the two-phase squirrel cage induction motor type is now utilized for the applications where low power system is required. The three-phase squirrel cage induction motor are used for high power application. The main alteration between a standard split-phase induction motor and AC motor is that the squirrel cage rotor of a servo motor has made with thinner conducting bars, so that the motor resistance is higher.
The Asia Pacific dominated the Global Servo Motors and Drives Market in 2018
The APAC held a major share of the servo motors and drives market, Owing to increasing industrial activity along with the demand for faster and accurate motors and drives to achieve a higher production output. Huge investment in the manufacturing industry is fueling the growth of the servo motors and drives market in the region. The APAC held the largest share of the global servo motors and drives market in 2018 and is expected to grow at the highest CAGR during the forecast period.
Key players operating the Global Servo Motors and Drives market are Siemens AG, Baldor Electric Company, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric S.E, Emerson Electric Co., Parker Hannifin Corporation, Nidec Corporation, ABB Ltd., Panasonic Corporation, Delta Electronics, Inc., Fuji Electric Co., Ltd., Hitachi Industrial Equipment Systems Co. Ltd, Applied Motion Products, Inc., Altra Industrial Motion Corp.,
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global servo motors and drives market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global servo motors and drives market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global servo motors and drives market positioning of competitors.
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