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Servo Motors and Drives Market Share

Report ID: GMI5079
Published Date: Jul 2024
Report Format: PDF

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Servo Motors and Drives Market Share

Various-scale product manufacturers are actively operating across the servo motors and drives industry in different geographies. The industry players have introduced different initiatives including launch of new product & solution portfolios, backward & forward integration, and expansion of manufacturing facilities, among others. Moreover, Key players in the industry consisting of Siemens, ABB, Danfoss, Yaskawa Electric, Rockwell Automation, Schneider Electric, and Fuji Electric, among others, are actively competing on various fronts including technological advancements, product quality, pricing strategies, and customer service.

Servo Motors and Drives Market Companies

Key industry participants that are actively participating across the industry includes:

ABB
ADVANCED Motion Controls
Allied Motion, Inc.
Baumüller
Bosch Rexroth AG
Danfoss
Delta Electronics, Inc
ESTUN AUTOMATION CO., LTD
Fuji Electric Co., Ltd.
Hitachi
Ingenia Cat S.L.U.
KEB Automation KG
Kollmorgen
Mitsubishi Electric Corporation
NIDEC CORPORATION
Panasonic Corporation
Rockwell Automation, Inc.
Schneider Electric
Siemens
YASKAWA ELECTRIC CORPORATION

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Market size for servo motors and drives was evaluated at USD 18.8 billion in 2023 and is projected to experience 6.7% CAGR through 2032, owing to the stringent energy efficient standards by respective governments.

The digital segment in the servo motors and drives market is projected to cross USD 15 billion by 2032 owing to the transition towards advanced systems.

Asia Pacific market is set to exceed USD 13.8 billion by 2032 owing to growing investments towards expanding the manufacturing & process industries.

ABB, ADVANCED Motion Controls, Allied Motion, Inc., Baumüller, Bosch Rexroth AG, Danfoss, Delta Electronics, Inc, ESTUN AUTOMATION CO., LTD, Fuji Electric Co., Ltd., Hitachi, Ingenia Cat S.L.U., KEB Automation KG, Kollmorgen, and Mitsubishi Electric Corporation among others.