The global servo motor market size is expected to attain a
market size of USD 14.4 billion by 2025, registering a CAGR of 6.4% over the
forecast period, according to a new report by Grand View Research, Inc. Servo
motors help reduce operating time and save costs of inventory processes and
manufacturing. Development of efficient and advanced automation technologies,
easy integration and use of motion control components in motors, and increased
adoption of energy-efficient international standards are prime growth drivers
of the market. Rising demand for energy-efficient motors has resulted in a
shift from standard energy-efficient electric motors to premium ones. This shift
in trend is directly contributing to rising demand for servo motors as well
revenue growth of motor manufacturers.
Technological advancements in the servo motors
market have been focused on reducing the weight and size of motors and
increasing the torque. The latter has been achieved with the use of rare earth
magnets. Suppliers such as GE Fanuc have introduced motors offering a high and
continuous torque rating for use in applications such as injection molding.
Additionally, Yaskawa Electric Corporation is focusing on winding techniques
and improvements in high-energy product magnet materials. To keep prices
stable, production techniques are becoming increasingly important. Just-in-time
manufacturing is being widely used and production of servo motors is itself
automated.
The market environment has become favorable
for advanced technologies with users increasingly investing in designs that
offer greater performance and reliability as well as higher efficiency. Greater
customer confidence and understanding of these benefits has boosted demand for
servo motors. Additionally, manufacturers are focusing on value-added and
improved profitability as a means to maintain their competitiveness. This has
led customers investing large amounts in newer and more advanced technologies such
as servo motors.
Factors such as volatile prices and
availability of raw materials, easy availability of substitute motors, and
complex manufacturing processes are key restraints to market growth. However,
declining prices of and increasing demand for servo motors are expected to lead
to steady market growth.
For full research report on Servo Motor
Market visit here:
https://www.grandviewresearch.com/industry-analysis/servo-motor-market
Further key
findings from the report suggest:
- The servo motors market is anticipated to
register a CAGR of 6.4%. Growth can be attributed to increasing focus on
construction activities and infrastructure development, thus necessitating
the replacement of old motors with new energy-efficient ones
- DC motors are commonly used in automotive,
metal processing, and HVAC industries as they help manufacturers in
efficiently utilizing energy and meeting rising demand for cost
optimization
- The flourishing automotive industry and
advantages offered by these devices such as reduced size, high accuracy
and speed, higher torque, and lightweight machines are driving the market
across the automotive sector
- Servo motors are also used for automation in
industrial processes, resulting in fewer errors, high throughput, lower
manpower requirement, and reduced cost
- Asia Pacific is expected to witness the
highest and fastest growth over the forecast period. Factors such as
positive economic outlook, growing manufacturing industries, and
increasing production and sales of electric vehicles are expected to drive
demand in this region
- Companies are focusing on expanding their
market presence through mergers and acquisitions and are increasingly
investing in research and development activities to improve their product
offerings.
Get free request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/servo-motor-market/request/rs1
Grand
View Research has segmented the global servo motor market on the basis of motor
type, application, and region:
Servo Motor
Type Outlook (Revenue, USD Million, 2014 - 2025)
- AC motor
- DC motor
Servo Motor
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Industrial Machinery
- Motor Vehicles
- HVAC Equipment
- Aerospace &
Transportation
- Household Appliances
- Others
Servo Motor
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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