Learn about the global servo motors and drives market through The Business Research Company, which provides information on servo motors and drives market size, servo motors and drives market drivers and restraints, servo motors and drives market players, the COVID-19 impact on the servo motors and drives market, and more.

The global servo motors and drives market size is expected to grow from $13.29 billion in 2021 to $14.12 billion in 2022 at a compound annual growth rate (CAGR) of 6.21%. The global servo motor and drive market size is expected to grow to $20.38 billion in 2026 at a CAGR of 9.61%.

Rising automation is expected to propel the growth of the servo motors and drives market.

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The servo motors and drives market consists of sales of servo motors and drives and related services by entities (organizations, sole traders, and partnerships) that manufacture servo motors and drives. Servo motors or linear or rotary actuators that help enable control of linear and angular acceleration, positioning, and velocity, made in brush and brushless types. Servo drives are also called servo amplifiers; these devices have the ability to take a low power command signal from a motion controller and turn it into high power current/voltage. Servo motors and drives are most commonly utilized in the manufacturing industry for production line robots that help create cars and airplanes that need high repetition yet precise welding, drilling, fastening, sealing, dispensing, and rigid manufacturing.

Global Servo Motors And Drives Market Segments Include:

By Type: Motor, Drive

By Voltage Range: Low-Voltage, Medium-Voltage

By End-User: Automotive, Oil and Gas, Healthcare, Packaging, Semiconductor and Electronics, Chemicals and Petrochemicals

By Offering: Hardware, Software

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the servo motors and drivers market in 2021.

Technological advancement is a key trend in the servo motors and drives market. Technological advancements help with the development of the design of the product as well as simplify motion control.

TBRC’s servo motors and drives market report covers:

Major Market Players: Siemens, Mitsubishi, Schneider Electric, ABB, Fuji Electric, Yaskawa, Emerson Electric, Rockwell Automation, Estun automation, Kinco Automation, Danfoss, ESR Pollmeier, Heason, Elmo Motion Control, KEB Automation, Allen Bradley, and Omron Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Servo Motors And Drives Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides servo motors and drives market overviews, analyzes and forecasts market size, share, servo motors and drives market players, servo motors and drives market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s servo motors and drives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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