Servo Motors and Drives Market Worth 12.56 Billion USD by 2020

PUNE, India, September 17, 2015 /PRNewswire/ --

The report "Servo Motors and Drives Market by Type (AC Servo Motors/Drives, DC Servo Motors/Drives, Others), by supply Voltage (Low, Medium), by Components (Sensors, Controller Modules, Encoders, Amplifiers), by Application and by Geography - Global Forecast to 2020", published by marketsandmarkets, The global Servo Motors and Drives Market was valued at USD 8.64 Billion in 2014 and is projected to reach USD 12.56 Billion by 2020, at a CAGR of 6.1% from 2015 to 2020.

Browse 73 Tables and 80 Figures spread through 178 Pages and in-depth TOC on "Servo Motors and Drives Market"

http://www.marketsandmarkets.com/Market-Reports/servo-motors-and-drives-market-1127.html

Early buyers will receive 10% customization on this report.

Globalization and industrialization have generated the need for high production capacity and high qualitative output within the limited time. This increases the demand for automation systems such as servo motors and drives, globally. These motors and drives are used in different application sectors, specifically suited for controlling the movement of machines. Servo motors and drives are the most advanced motion control devices, which incorporate precise dimensional tolerance, high-force magnet materials, and advanced design methods. The increasing demand of servo technology in applications such as packaging, automation, textile, motion control, semiconductors, and electronics has triggered the innovation in the manufacturing of servo systems. Servo technology helps in maintaining high accuracy, reducing labor costs and production wastages, and increasing production output.

Ask For PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=1127

Most of the manufacturers are focusing towards advanced technology machines to enhance their production process, which in turn drives the need for servo motors and drives. Incorporation of servo technology has changed the flow of work in the current working environment. With the increasing technological advancement, there are various industries that started focusing on increasing the usage of the servo technology to form an integrated control system.

Another major factor Driving The Servo Motors and Drives Market is the declining prices of servo motors, Servo motor is an efficient, accurate, and flexible motor that helps the system to work efficiently. It increases the entire system performance. It is considered to be one of the highly expensive motors when compared to stepper motors. However, in the recent times there has been a decline in prices of the components (particularly rare earth permanent magnet material) used in the manufacturing of servo motors. This is turn is increasing the growth of this market.

The global servo motors and drives market is expected to witness steady growth in the coming years. There is a growing adoption of servo technology in various sectors, such as industrial, automotive & transportation, semiconductors & electronics, food processing, textile, healthcare, and many more. The automotive & transportation segment accounted for the maximum share in the market and is expected to grow at a CAGR of 6.8% during the forecast period. APAC is the fastest-growing market for automotive & transportation and is expected to grow at a CAGR of 7.2% from 2015 to 2020, followed by Europe and the Americas.

The research study is aimed at identifying emerging trends and opportunities in the global servo motors and drives market and analyzing the market with explicit focus on high-growth applications and the fastest-growing market segments. The research study also includes analysis of the future of the global servo motors and drives market and market opportunities till 2020.

Apart from the market segmentation, this report also makes use of the Porter's Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global servo motors and drives market. The research study strategically profile key players and comprehensively analyze their market share and core competencies along with, detailing the competitive landscape for some of the key market players.

Some of the major players operating in the global servo motors and drives market include Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Schneider Electric (France), Rockwell Automation Inc. (U.S.), ABB ltd. (U.S.), KINCO Automation Pvt. Ltd (China), Delta Electronics, Inc. (Taiwan), Emerson Electric Co. (U.S.) and Adtech (SHENZHEN) Technology Co. Ltd. (Japan). Most of the companies have adopted various strategies, such as mergers & acquisitions and partnership, among others to sustain in the servo motors and drives market.

Browse Related Reports

Energy-Efficient Motor Market by Type (IE1, IE2, IE3, and IE4), Product (Synchronous, Asynchronous, and DC), Application (HVAC, Pumps, Fans, Compressed Air, Material Handling, and Processing), End-user, and Geography - Analysis & Forecast to 2015 - 2020
http://www.marketsandmarkets.com/Market-Reports/energy-efficient-motor-163.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets