According to a new
market report published by Transparency Market Research Servo Drives
and Motors Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 - 2020, the market was valued at USD 8.38
billion in 2013; growing at a CAGR of 5.6% from 2014 to 2020 to
account for USD 12.44 billion in 2020. Servo motors are high
performance electric motors having characteristics such as
controlling the movement of machines. They incorporate precise
dimensional tolerance, high-force magnet materials, and advanced
design methods. In addition, servo motors offer easy installation and
no maintenance cost. Increasing electricity prices and stringent
electricity utilization standards are driving the demand for energy
efficient motors globally. Moreover, intensifying the production of
motor vehicles, healthcare products, semiconductor and electronics,
and other electric motor driven systems are increasing the demand for
servo drives and motors globally. However, high dependence on China
for rare earth minerals and high initial purchase cost are posing a
challenge to the growth of global servo drives and motors market.
Browse
the full Servo Drives and Motors Market Report @ :
The servo drives and
motors market is segmented on the basis of types into servo drives
and servo motors. The market has been further segmented based on
different types of servo drives such as AC servo drives, DC servo
drives and adjustable speed. Servo motors are further segmented into
AC servo motors, DC brushless, brushed DC and linear servo motors.
Servo motors led the global servo drives and motors market by
accounting for USD 6.09 billion in the year 2014.
The automotive
application segment held the largest market revenue share accounting
to USD 2.40 billion in the year 2014. In 2014, automotive application
accounted for more than 25% of the revenue share in the overall servo
drives and motors market by application. Increasing industrialization
in the emerging economies of Asia-Pacific and Rest of the World
regions are further expected to drive growth in the servo drives and
motors market over the forecast period from 2014 to 2020. The
automotive application segment is also expected to be the fastest
growing segment in this market due to the increase in sales of
electric and hybrid vehicles through the expected period from 2014 to
2020.
Browse
the full Servo Drives and Motors Market press release @ :
Geographically,
Asia-Pacific led the global servo drives and motors market by
accounting for USD 3.74 billion in 2014. This region is expected to
maintain its dominance throughout the forecast period from 2014 -
2020 and is also expected to be the fastest growing regional market
over the next six years in the servo drives and motors market. The
increase in manufacturing of servo drives and motors obsessed systems
such as semiconductor and electronics, motor vehicles and materials
handling in major countries are mainly contributing to the growth of
servo drives and motors market in Asia-Pacific region.
The report provides
company market share analysis of the various industry participants.
Key players have also been profiled on the basis of company overview,
financial overview, business strategies and recent developments in
the field of servo drives and motors. Major market participants
profiled in this report include 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 and ABB Ltd.
among others.
Get
Free Sample Report Servo Drives and Motors Market :
Servo Drives and
Motors Market: by Type
- Servo drives
- AC servo drives
- DC servo drives
- Adjustable speed
- Servo motors
- AC servo motors
- DC brushless
- Brushed DC
- Linear servo motors
Servo Drives and
Motors Market: by Application
- Automotive
- Semiconductor and electronics
- Material handling
- Food processing
- Healthcare
- Others
Servo Drives and
Motors Market: by Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
About Us :
Transparency Market
Research (TMR) is a market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. TMR’s experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.
Our business offerings represent the latest and the most reliable
information indispensable for businesses to sustain a competitive
edge.
Each TMR syndicated
research report covers a different sector - such as pharmaceuticals,
chemicals, energy, food & beverages, semiconductors, med-devices,
consumer goods and technology. These reports provide in-depth
analysis and deep segmentation to possible micro levels. With wider
scope and stratified research methodology, TMR’s syndicated reports
thrive to provide clients to serve their overall research
requirement.
No comments:
Post a Comment