A new market study
released by Transparency Market Research (TMR) provides insights into
the market drivers, restraints, and trends in the global market for
servo drives and motors for the period from 2014 to 2020. The report,
titled “Servo Drives and Motors Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”,
is available for sale on the company website.The report states that
the Global
Servo
Drives
And
Motors
Market
will rise at a modest 5.6% CAGR from 2014 to 2020. As a result, the
market, which had a valuation of US$8.38 bn in 2013, will be worth
US$12.44 bn in 2020.
Servo motors are
high performance electric motors having characteristics such as
controlling the movement of machines. 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. The market of servo
drives and motors is expected to grow at a slower pace in North
America and Europe region. The demand for servo drives and motors is
expected to rise due to the replacement of out-dated low efficient
electric motors with highly efficient servo drives and motors. In
addition, the strict energy consumption regulations and environment
protection acts as the key factors that are driving the servo drives
and motors market globally.
Growth of the servo
drives and motors market is mostly associated with its uses in food
processing, packaging machines, machine tools, semiconductors, and
others. The surge in its application in the healthcare industry and
robotics has also significantly fuelled the growth prospects of the
servo drives and motors market. Some of the LEADING COMPANIES
that have ventured across diverse applications of servo systems are
Siemens AG (Germany), Yaskawa Electric (Japan), Baldor Electric
(U.S.), Rockwell Automation (U.S.), Mitsubishi Electric Corporation
(Japan), Schneider Electric (France), Fanuc (Japan), and Rockwell
Automation (U.S).
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PDF file of Servo Drives and Motors Market :
Servo motors are
high-performing electric motors. They are generally used to control
the movement of machines. Servo drives and motors are integrated with
high-force magnet materials, and precise dimensional tolerance. These
systems also have advanced design methods. Integrating servo motors
and drives in processes significantly reduces the operating time and
saves the cost incurred in manufacturing. Additionally, servo motors
are easy to install and have a low maintenance cost. All these
factors have contributed to the expansion of the servo drives and
motors market.
Increasing
electricity prices and stringent regulations on electricity usage are
driving the demand for energy-efficient motors around the world,
thereby expanding the global market for servo drives and motors.
The market, according to experts, has also benefited from the
increased production of motor vehicles, semiconductors, healthcare
products, electronics, and other motor-driven products.
This market research
study analyzes the servo drives and motors market on a global level,
and provides estimates in terms of revenue (USD billion) from 2014 to
2020. The report identifies the drivers and restraints affecting the
market and analyzes their impact over the forecast period. In
addition, it identifies the significant opportunities for market
growth in the coming years.
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.
About Us :
Transparency Market Research is a global 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.
Our experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather,
and analyze information.
Our data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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