AC Servo Motors and Drives Market Size, Share, Growth & Industry Overview by 2032

• ABB Group (Switzerland)
• Delta Electronics, Inc. (Taiwan)
• FANUC Corporation (Japan)
• Fuji Electric Co., Ltd. (Japan)
• Kollmorgen Corporation (The U.S.)
• Mitsubishi Electric Corporation (Japan)
• Nidec Corporation (Japan)
• Rockwell Automation, Inc. (The U.S.)
• Schneider Electric SE (France)
• Siemens AG (Germany)
• Yaskawa Electric Corporation (Japan)

What does the Report Provide?

The global market for AC servo motors and drives report provides a detailed analysis of sevaeral factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.

DRIVING FACTORS

Increasing Adoption of Industrial Robots to Augment Growth

As per the International Federation of Robotics, globally in 2019, about 373,240 industrial robot units valued at USD 13.8 billion were installed across several industrial applications. Out of it, 28% of robots were installed in the automotive industry and 24% in the electronics industry. The growing demand for industrial robots to speed up the industrial processes is expected to boost the demand for advanced AC servo motors and drives globally. Furthermore, the surging demand for innovative AC servo systems that provide smoother, flexible, and longer operational capability is anticipated to contribute to the global AC servo motors and drives market growth in the forthcoming years.

SEGMENTATION

Low Voltage Held 45.2% AC Servo Motors and Drives Market Share in 2019

Based on voltage range, the low voltage segment is expected to showcase considerable growth in the forthcoming years. This is ascribable to factors such as the growing utilization of low voltage servo motor for mobile robot application. The low voltage servo motor requires a low maintenance cost. The segment held a market share of about 45.2% in 2019.

REGIONAL INSIGHTS

Asia-Pacific to Remain Dominant; Growing Number of Manufacturing Industries to Aid Growth

Among all the regions, Asia-Pacific is expected to hold the highest position in the global AC servo motors and drives market in the forthcoming years. This is ascribable to factors such as the growing number of manufacturing units in countries such as South Korea, China, and Japan that will boost the adoption of advanced AC servo motors and drives in the region.

The market in Rest of the World is anticipated to experience significant growth backed by the growing adoption of industrial automation in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Significant Investment by Eminent Companies to Strengthen Their Market Positions

The global market is consolidated by the presence of major companies focusing to maintain a stronghold by investing in the development of innovative AC servo systems. In addition to this, other key players are adopting strategies such as merger and acquisition, facility expansion, and collaboration that will favor the market growth in the forthcoming years.

Industry Development:

• April 2020 — Mitsubishi Electric Corporation launched advanced MELSERVO-J5 Series of AC servo motors, amplifiers, and motion control units. The new series, according to the company, offers high flexibility, efficiency, performance, and reliability. Moreover, it is generally designed to be adopted for industrial applications such as material handling, packaging, and printing.