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Servo Drive Market Share

  • Report ID: GMI4204
  • Published Date: Aug 2020
  • Report Format: PDF
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Servo Drive Market Share

There is a high level of forward distribution predominant between manufacturers & installers that along with suppliers deliver the finished servo drives to the installers, who further provide after-sales services to the end consumers. The key industry participants are majorly focusing toward backward integration with an aim to maintain quality standards and increase their market share.
 

Eminent players in the servo drive industry include :

  • Danfoss
  • Siemens
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • Rockwell Automation
  • Yaskawa Electric Corporation
  • Estun Automation
  • Fuji Electric
  • Hitachi
  • ABB
  • Toshiba Corporation
  • Bosch Rexroth AG
  • Hiconics Eco-energy Technology
  • Delta Electronics
  • Kinco Automation 
Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

As per estimates, servo drive industry would account a crcr of 5.7% through 2026.

Predicted revenue share of servo drive market is $9.1 billion by 2026.

These products will gain substantial popularity in Germany, owing to the presence of an advanced engineering & mechanized environment in the country. Germany market held USD 300 million in 2019.

Digital products will depict considerable popularity, driven by changing consumer preference toward systems that have more holding power and faster control response. Digital segment exhibited an increase of USD 300 million in valuation between 2018 & 2019.

AC servo drive market may record more than 6% CAGR through 2026, driven by the product’s simple operations, its ability to function independently, and to handle high current surges.

Enhanced specifications such as faster response times and AI integration as opposed to conventional units will push the demand for servo drives. The market size may surpass 19 million units by 2026 in terms of annual installations.

Servo Drive Market Scope

  • Servo Drive Market Size
  • Servo Drive Market Analysis
  • Servo Drive Market Share

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    Premium Report Details

    • Base Year: 2019
    • Companies covered: 15
    • Tables & Figures: 830
    • Countries covered: 33
    • Pages: 485
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