Increased Launches of Extensive and Diverse Products by Companies in the Servo Motors and Drivers Market
The servo motors and drives market is expected to grow at a compound annual growth rate of 6.01% over the period 2020 to 2027.
A servo drive works by receiving a control signal from the system, amplifying, and transmitting the electric charge to a servo motor, which generates motion proportional to the control system. The command signal typically reflects the needed velocity, although it can alternatively represent the intended position or torque. A sensor linked to the servo motor informs the servo drive about the motor’s state. The servo drive compares the actual motor state to the requested motor status. The growing need for energy-efficient solutions, as well as technological improvement, are fueling the growth of this market. These motors and drives aid in increasing the capacity of sectors such as semiconductors, automotive, and packing, among others.
Furthermore, factors such as growing automation in production, a focus on productivity, high accuracy, and ease of maintenance, among others, are driving the market. When compared to other motor types, servo motors and drives are ideal for Industry 4.0 industrial systems because they enable more accuracy and control over activities. Therefore, all these factors will positively influence the servo motors and drivers market.
Mitsubishi Electric Corporation, Danaher Corporation, FANUC (Acquired by Life Robotics), Siemens AG, Galil Motion Control, Yaskawa Electric Corporation, Bosch Rexroth, ABB Ltd, and others are a few key major players in the market of Screenless Displays.
Mitsubishi Electric Corporation, founded on January 15, 1921, is a Japanese multinational electrical and electronic equipment manufacturer based in Tokyo, Japan. It is one of Mitsubishi’s primary businesses. The company had a broad range of servo motors and rivers product offerings which enables the company to be one of the largest providers and suppliers in the market segment. Due to the diverse application and unique features, the company majorly contributes to the profitability of the servo motors and rivers market. For instance, Melservo is a product line that includes amplifiers and motors. The MELSERVO-J5 series is now compatible with a new channel, CC-Link IE TSN. Optical communication SSCNET III/H-compatible servo amplifiers are available in addition to standard interface-compatible servo amplifiers. Servo amplifiers have a high level of responsibility and a fast resonant frequency of 3.5 kHz, which reduces the cycle time of manufacturing machines. Furthermore, the MELSERVO-JET size is usually a servo amplifier with a more powerful control engine. These servo amplifiers may be linked to the CC-Link IE TSN to provide high-speed, precise control.
Siemens AG is a German multinational corporation firm based in Munich and the greatest industrial manufacturing enterprise in Europe, with branch offices across the world. Siemens announced the addition of additional servo motors to its renowned Sinamics S210 mono cable servo drive system in April 2022, increasing its range of applications. The business is releasing the Simotics S-1FS2, a motorized version with a steel housing, the maximum degree of shielding IP67/IP69, and elevated 22-bit absolute con?gurations encoders, specifically for use in the medical and food sectors. As a result, the servo motor fulfills all sanitary requirements and may be used for combining and mixing, air conditioning and ventilation, dosing and filling, as well as transporting, packing, and storing a wide range of end products in the food and beverage industry and the pharmaceutical business.
Yaskawa Electric Corporation manufactures servos, motor controllers, AC adjustable speed drives, switches, and industrial robots in Japan. Motoman industrial robots are utilized in welding, packing, assembling, painting, cutting, material handling, and general automation. In March 2021, Yaskawa Electric Corporation announced the launch of the AC servo drives “-X Series,” the successor to the renowned “-7 Series.” By strengthening the ability to follow orders and assuring stable operation, the speed response frequency, which is an essential evaluation indicator for servo drives, has reached 3.5 kHz as the world’s highest level, resulting in increased productivity. The servomotor’s maximum speed is 7000 revolutions per minute, which increases the device’s driving speed, shortens the tact-time, and improves productivity. Furthermore, Yaskawa Electric Corporation announced the release of a new clean robot for semiconductor wafer transfer, the “SEMISTAR-GEKKO MD124D,” in May 2020, with a direct drive motor from Yaskawa’s AC servo motor “-7 series.” The robot transfers semiconductor wafers with more accuracy and less vibration than the traditional type.
Servo Motors And Drives Market Scope:
| Report Metric | Details |
| Growth Rate | CAGR of 6.01% from 2020 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Type, Offering, Material, Application, And Geography |
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies Covered | Mitsubishi Electric Corporation, Danaher Corporation, FANUC (Acquired by Life Robotics), Siemens AG, Galil Motion control, Yaskawa Electric Corporation, Bosch Rexroth, ABB Ltd |
| Customization Scope | Free report customization with purchase |
