January 24, 2020
According to a new research report titled ‘Servo Drive Market Size By Category (Digital, Analog), By Drive (AC, DC), By Voltage (Low, Medium), By Application (Oil & Gas, Metal Cutting, Metal Forming, Material Handling Equipment, Packaging and Labeling, Robotics, Rubber & Plastics Machinery, Semiconductor Machinery, Other Industries), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, Russia, Norway, Sweden, Denmark, China, Japan, India, Australia, South Korea, Thailand, Malaysia, Philippines, Indonesia, Saudi Arabia, UAE, Qatar, Jordan, Iran, South Africa, Nigeria, Egypt, Algeria, Brazil, Chile, Argentina), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019-2025’, available at MarketStudyReport.com, global servo drive market size will witness a 5% CAGR through 2025.
Ongoing advancements in automation technology along with the introduction of energy efficiency standards will drive servo drive market forecast in the coming years. Rising penetration of automated technologies across various industry verticals is anticipated to further accelerate the demand for servo amplifiers in the near future.
Rapid rise in industrialization particularly in emerging economies along with surging investments towards infrastructure development will positively impact servo drive industry outlook. The introduction of favorable monetary support programs and schemes by the government to support industrial upgradation will be a key factor driving the business growth.
Servo drives can be broadly categorized into analog and digital. Digital servo drive industry is projected to register a healthy 6% CAGR up to 2025. This can be linked with advantages offered by digital servo drives such as greater acceleration, higher holding power and faster control response compared to other available counterparts.
Based on voltage, servo drive industry share can be segmented into low and medium. Low voltage servo drive market is anticipated to gain traction over the next few years due to growing adoption strict energy efficiency standards along with ongoing technological advances across small and medium enterprises.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2203952/
Asia Pacific servo drive industry is projected to witness growth at more than 5% during the analysis timeline. This can be largely attributed to the booming electronics sector across emerging APAC countries such as China, India, and Indonesia. Ongoing initiatives to reinforce the regional robotics and automation sectors will provide lucrative opportunities to regional players.
Schneider Electric, Siemens, Honeywell International, Bosch Rexroth, Fuji Electric, Estun Automation, Yaskawa Electric Corporation, Toshiba Corporation, Rockwell Automation, and Emerson Electric are some of the major manufacturers and providers of servo drives globally.
Frequently Asked Questions (FAQ) :