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Global Servo Motors and Drives Market 2016-2020

About the Servo Motors and Drives Market

Servo motors are high-performance electric motors that are specifically designed and characterized to control the precise movement of machines. They integrate accurate dimensional tolerance and advanced design methods and have high-force magnet materials. Besides, no maintenance cost and easy installation features add to its growing popularity as it also accounts for best global electricity utilization standards. In addition, there is rising demand for servo motors due to the growth in the production of healthcare products, automobiles, semiconductors, electronics, and other electric motor driven systems.Servo motors incorporate high-force magnet materials, precise dimensional tolerance, and advanced design methods. They also offer easy installation and no maintenance cost. Rising electricity prices and stringent electricity utilization standards are driving the demand for energy efficient motors globally. Also, intensifying the production of automobiles, healthcare products, semiconductor and electronics, and other electric motor driven systems are raising the demand for servo drives and motors globally.

Technavio’s analysts forecast the global servo motors and drives market to grow at a CAGR of 5.6% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global servo motors and drives market for 2016-2020.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Servo Motors and Drives Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Baldor Electric
  • Siemens
  • Rockwell Automation
  • Mitsubishi Electric
  • Yaskawa Electric
Other prominent vendors
  • Beijing Leader & Harvest Electric Technologies
  • Schneider Electric
  • Danfoss Group
  • Hitachi
  • Fuji Electric Holdings
  • Emerson Electric
  • Toshiba
Market driver
  • Technological advances in servo motors
  • For a full, detailed list, view our report
Market challenge
  • Low-cost Chinese products
  • For a full, detailed list, view our report
Market trend
  • Growing use of servo motors in medical applications
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Servo Motors and Drives Market 2016-2020

Technavio recognizes the following companies as the key players in the global servo motors and drives market: Baldor Electric, Siemens, Rockwell Automation, Mitsubishi Electric, and Yaskawa Electric.

Other Prominent Vendors in the market are: Beijing Leader & Harvest Electric Technologies, Schneider Electric, Danfoss Group, Hitachi, Fuji Electric Holdings, Emerson Electric, and Toshiba.

Commenting on the report, an analyst from Technavio’s team said: “A trend which has influenced market growth is the growing use of servo motors in medical applications. Needle biopsy is a medical procedure of collecting cell samples from a patient’s body for laboratory analysis. This procedure involves procuring fluid or tissue samples from bones, muscles, and other organs such as lungs or liver. Fine needle aspiration and core needle biopsy are some of the widely used needle biopsy procedures. The inherent qualities of servo motor such as enhanced precision and accuracy makes it an ideal choice to carry out this precision-based technique. Servo motor is used in needle biopsies to increase procedural efficiency and provide more precision control along with accuracy, while reducing the patient’s exposure to the radiation.”

According to the report, a key growth driver is the technological advances in servo motors. The replacement of hydraulic, pneumatic, or mechanical systems with servo-controlled systems improves efficiency, lowers maintenance costs, and gives superior control, thereby increasing their demand from various industrial applications. Motor drives support the technological developments and improvements made in algorithms, thus increasing the capability, functionality, and appeal of servo-based control systems. This factor contributes to better control of servo-controlled systems in a wide range of applications.

Further, the report states that one challenge that could impact market growth is the availability of low-cost Chinese products. The price of these low-quality Chinese servo motors is less than that of multinational OEM products. Thus, the revenue of the total market is likely to be affected by growing adoption of low-quality, low-cost Chinese electric drives as decline in product prices slows down the market growth.

Companies Mentioned

Baldor Electric, Siemens, Rockwell Automation, Mitsubishi Electric, Yaskawa Electric, Beijing Leader & Harvest Electric Technologies, Schneider Electric, Danfoss Group, Hitachi, Fuji Electric Holdings, Emerson Electric, Toshiba.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Market segmentation of servo motors
    • Market size and forecast
      • Table Global servo motors and drives market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Segmentation of servo motor drives
    • Global AC servo motors/drives market
      • Table Global AC servo motors/drives market 2015-2020 ($ billions)
    • Global DC servo motors/drives market
      • Table Global DC servo motors/drives market 2015-2020 ($ billions)
  • Geographical segmentation
    • Segmentation of global servo motors and drives market by geography 2015
      • Table Global servo motors and drives market by geography 2015
      • Table Global servo motors and drives market by geography 2020
    • Servo motors and drives market in APAC
      • Table Servo motor market in APAC 2015-2020 ($ billions)
    • Servo motors and drives market in EMEA
      • Table Servo motor market in EMEA 2015-2020 ($ billions)
    • Servo motors and drives market in Americas
      • Table AC drives market in Americas 2015-2020 ($ billions)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Growing demand for servo motors from end-users
      • Table Global robots shipment 2005-2014 (unit in thousands)
    • Technological advances in servo motors
    • Growth in automation and development of new applications
  • Market challenges
    • Low-cost Chinese products
    • Operational issues with servo motors
    • Over-heating issues with servo motors
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing use of servo motors in medical applications
    • Slow and reluctant industrial growth in Europe
    • Increased demand from electric cars
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Baldor Electric
      • Table Baldor Electric: Product segmentation
    • Siemens
      • Table Siemens: Business segmentation by revenue 2014
      • Table Siemens: Business segmentation by revenue 2013 and 2014
      • Table Siemens: Geographical segmentation by revenue 2014
    • Rockwell Automation
      • Table Rockwell Automation: Business segmentation by revenue 2014
      • Table Rockwell Automation: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Rockwell Automation: Geographical segmentation by revenue 2014
    • Mitsubishi Electric
      • Table Mitsubishi Electric: Business segmentation by revenue 2015
      • Table Mitsubishi Electric: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Mitsubishi Electric: Geographical segmentation by revenue 2015
    • Yaskawa Electric
      • Table Yaskawa Electric: Business segmentation by revenue 2015
      • Table Yaskawa Electric: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Yaskawa Electric: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviation
  • Explore Technavio

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