The global AC servo motors and drives market is projected to experience significant growth, reaching a value of USD 11.97 billion by 2027. This growth is attributed to the increasing adoption of robots and smart machines, which is driving the demand for advanced AC servo motors and drives worldwide. The COVID-19 pandemic has temporarily disrupted industrial activities, leading to supply chain disruptions and reduced demand. However, with the resumption of industrial operations and the implementation of government regulations to contain the spread of the virus, the market is expected to recover and grow.
Informational Source:
https://www.fortunebusinessinsights.com/ac-servo-motor-market-103513
Major Key Companies Covered in AC Servo Motors and Drives Market are:
- ABB Group (Switzerland)
- Delta Electronics, Inc. (Taiwan)
- FANUC Corporation (Japan)
- Fuji Electric Co., Ltd. (Japan)
- Kollmorgen Corporation (The U.S.)
- Mitsubishi Electric Corporation (Japan)
- Nidec Corporation (Japan)
- Rockwell Automation, Inc. (The U.S.)
- Schneider Electric SE (France)
- Siemens AG (Germany)
- Yaskawa Electric Corporation (Japan)
AC servo systems, which include AC servo motors and drives, are closed-loop systems that utilize position feedback to control the motion, speed, and final position of machines. AC servo drives are electric amplifiers used to control AC servo motors.
The report on the global market for AC servo motors and drives provides a detailed analysis of key drivers and restraints that will impact market growth. It also includes regional analysis, competitive landscape, and information on current trends and industry developments. The report employs research methodologies such as Porter's Five Forces Analysis and PESTEL analysis to gather relevant information.
One of the driving factors for market growth is the increasing adoption of industrial robots, with the automotive and electronics industries being major users. The demand for industrial robots to enhance industrial processes is expected to boost the demand for advanced AC servo motors and drives. Additionally, there is a growing need for innovative AC servo systems that offer smoother operation, flexibility, and longer operational capability.
In terms of segmentation, the servo motor segment held a market share of 54.8% in 2019 and is expected to witness significant growth due to the increasing demand for advanced servo motors in various industrial processes.
Asia-Pacific is anticipated to dominate the global AC servo motors and drives market, driven by the presence of a large number of manufacturing units in countries like South Korea, China, and Japan. The Rest of the World region is also expected to experience significant growth due to the adoption of industrial automation.
The market for AC servo motors and drives is consolidated, with major companies investing in the development of innovative AC servo systems to maintain their market positions. These companies are also engaging in strategies such as mergers and acquisitions, facility expansions, and collaborations to drive market growth.
For example, Mitsubishi Electric Corporation launched the MELSERVO-J5 Series of AC servo motors, amplifiers, and motion control units in April 2020. This series offers high flexibility, efficiency, and performance for industrial applications such as material handling, packaging, and printing.
