Rising Factory Automation Spurs Growth of Servo Motors and Drives

Rising factory automation across several markets is responsible for the continued growth on the servo motors and drive market, according to a new report by Persistence Market Research. The firm said the market is expected to surpass $12 billion by the end of this year, with a global market value of $28 billion by the end of 2029, representing about an 8% compound annual growth rate. The company said the robotics segment is likely to hold a significant share across the globe, “due to the unprecedented developments in the robotics industry and heavy adoption of robotic techniques in various end-use industries.” Other industries expected to grow sales of servo motors and drives include the food & beverage industry (“playing a vital role to make accurate packages of foods or cold drinks”), and the printing and packaging equipment segment. Sales are also expected to gain healthy traction in the pulp & paper industry, and textile, among others, the group said. The report breaks down the servo motors and drives markets by technology, product type, motor configuration, and region, as follows: Key players identified in the report include Siemens AG, Panasonic Corporation, Parker ...

Global Servo Motors Market Insights Report 2019-2025: ABB, Fanuc, Siemens, Yasukawa, Mitsubshi, Panasonic, Rockwell, Emerson, Teco, Moog

The “Servo Motors Market” report gives a powerful source to assess the Servo Motors market and other critical subtleties identifying with it. The investigation unveils the total assessment and real details of the Servo Motors market. The report displays a rudimentary example of the Servo Motors market, that involves applications, arrangements, industry chain structure, and definitions. Additionally, it involves an inclusive assumption of the Servo Motors market and illustrates to a noteworthy precision, experiences, and industry-substantiated measurements of the worldwide Servo Motors market. Besides, the examination underlines the significant driving business players ABB, Fanuc, Siemens, Yasukawa, Mitsubshi, Panasonic, Rockwell, Emerson, Teco, Moog, Rexroth (Bosch), Delta, Tamagawa, Schneider, SANYO DENKI, Lenze, Oriental Motor, Toshiba, Parker Hannifin, Kollmorgen, GSK, Beckhoff, Hitachi, HNC, LS Mecapion over the world with specific organization profiles, information of the overall industry, product persistence, scenarios, and deals. In addition, the Servo Motors market report illustrates to a deliberate assessment of macroeconomic markers, parent organizations, and startups....