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.
Full Research Report On Servo Motor Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/servo-motor-market
Servo Motor Market
Report Highlights
- 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.
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Servo Motor Market
Segmentation
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.
For more info visit @ https://www.grandviewresearch.com
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