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Servo Motors and Drives Market Share

  • Report ID: GMI5079
  • Published Date: Feb 2023
  • Report Format: PDF
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Servo Motors and Drives Market Share

Some of the leading companies operating in the servo motors and drives market include

  • Siemens
  • Hitachi
  • KEB Automation KG
  • Schneider Electric
  • Kollmorgen
  • Mitsubishi Electric Corporation
  • Bosch Rexroth AG
  • NIDEC Corporation
  • ESR Pollmeier GmbH
  • Rockwell Automation, Inc.
  • Yaskawa Electric Corporation
  • ABB
  • ESTUN AUTOMATION CO., LTD
  • Danfoss
  • ADVANCED Motion Controls
  • Aerotech, Inc.
  • Ingenia Cat S.L.U.
  • Heason
  • Delta Electronics, Inc.
     

The introduction of new product and solution portfolios, backward and forward integration, and the expansion of production facilities, among other initiatives, have been made by industry participants. For example, in September 2022 Bosch Rexroth AG announced that it will acquire Elmo Motion Control Ltd., a motion control business with its headquarters in Israel. It is anticipated that the acquisition will expand the company's product line and aid it in strengthening its position in the automation, smart factory, and robotics industries.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of serve motors and drives crossed USD 18.8 billion in 2023 and is expected to record nearly 6.7% gains through 2032, says this GMI report.

The digital servo motors and drives segment is set to witness over 6% CAGR between 2023 and 2032 due to the shift toward advanced control systems.

The robotics application segment is poised to register more than 8% CAGR through 2032 owing to the adoption of automation for improving production output.

Siemens, KEB Automation KG, Schneider Electric, Mitsubishi Electric Corporation, Bosch Rexroth AG, ABB, and Delta Electronics, Inc., among others are some of the key players in the servo motors and drives industry.

Motors and Drives Market Scope

  • Motors and Drives Market Size
  • Motors and Drives Market Analysis
  • Motors and Drives Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 22
    • Tables & Figures: 997
    • Countries covered: 32
    • Pages: 580
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