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Analog Servo Motors and Drives Market Share

Report ID: GMI7891
Published Date: Jan 2024
Report Format: PDF

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Analog Servo Motors and Drives Market Share

The analog servo motors and drives industry was characterized by competition among several global and regional players. These companies were engaged in offering analog servo motor and drive solutions for various industrial applications. Various large scale competitors including Siemens, Rockwell Automation, ABB, Schneider Electric, and Mitsubishi Electric Corporation, among others, are actively competing in the industry and offering a wide range of motion control solutions to boost their geographical footprint. For instance, in May 2023, Siemens launched a new range of servo drive system called Sinamics S200 suitable across various industries including electronics, battery manufacturing, and many other.

The key market players operating across the industry include:

ABB
Analog Devices, Inc.
Applied Motion Products, Inc.
Bosch Rexroth Corporation
Danfoss
Delta Electronics, Inc.
Hitachi Industrial Equipment Systems Co., Ltd.
KEB Automation
Mitsubishi Electric Corporation
Nidec Motor Corporation
Omron Corporation
Rockwell Automation
Schneider Electric
Siemens
WEG
Yaskawa America, Inc.

The ongoing technological innovation attributed by the investments in the research & development by key players to introduce advanced features and functionalities in analog servo drives will shape the industry dynamics. The industry players are also focusing on the effectiveness of distribution networks and partnerships with system integrators and distributors to gain a competitive advantage. Moreover, continuous efforts to enhance motor efficiency, control algorithms, and integration capabilities are the key factors shaping the market competition dynamics.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Industry size for analog servo motors and drives was estimated at above USD 10.2 billion in 2023 and will record a growth rate of 6.7% through 2032, owing to the growing integration of automation & robotics technologies across industrial operations.

Semiconductor machinery segment is set to observe a growth of over 7.5% through 2032 attributed to the significant development of semiconductor manufacturing plants along with the mounting investments to boost the electric vehicle fleet.

Asia Pacific analog servo motors and drives market was valued at above USD 4.6 billion in 2023 and will keep growing through 2032, backed by the expansion of new manufacturing units, and positive outlook towards deployment of robotics & automation.

ABB, Yaskawa America, Inc., Analog Devices, Inc., WEG, Applied Motion Products, Inc., Bosch Rexroth Corporation., Siemens., Danfoss, Delta Electronics, Inc., Schneider Electric., Hitachi Industrial Equipment Systems Co., Ltd., Rockwell Automation., KEB Automation, Omron Corporation., Mitsubishi Electric Corporation and Nidec Motor Corporation.