Overview and Scope
Analog servo motors and drives are electromechanical systems used for precise
control of motion in various industrial applications. These components operate
based on analog signals to regulate speed, position, and torque accurately.
Analog servo motors and drives are well-suited for systems that utilize analog
control signals, providing compatibility with existing control architectures.
Sizing and Forecast
The analog servo motors and drives market size has grown strongly in recent
years. It will grow from $9.6 billion in 2023 to $10.4 billion in 2024 at a
compound annual growth rate (CAGR) of 8.2%.
The growth in the historic period can be attributed to growing
industrial automation driving demand, increasing adoption of international
energy-efficient standards and regulations, demand for precise motion control
solutions, rising demand for energy-efficient and cost-effective servo motors
and drives.
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Segmentation & Regional Insights
The analog servo motors and drives
market covered in this report is segmented –
1) By Drive : AC Drive , DC Drive
2) By Voltage Range : Low Voltage , Medium Voltage , High Voltage
3) By Application: Extreme Environment Applications, Semiconductor Machinery,
Automated Guided Vehicle (AGV), Electronics, Other Applications
North America was the largest region in the analog servo motors and drives
market in 2023. Asia-Pacific is expected to be the fastest-growing region in the
forecast period. The regions covered in the analog servo motors and drives market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for automation in manufacturing processes is expected to
propel the growth of analog servo motors and drives market going forward.
Automation in manufacturing refers to the use of technology, machinery, and
control systems to perform tasks and processes with minimal human intervention.
Automation is increasing in manufacturing due to its ability to drive cost
savings, improve productivity, enhance quality, address labor challenges,
enable digital transformation, and meet the demands of a rapidly changing
marketplace. The analog servo motors and drives market facilitates increasing
automation in manufacturing by providing precise motion control solutions
essential for automated machinery, enabling efficient production processes and
reducing reliance on manual labor. For instance, in October 2021, according to
the International Federation of Robotics (IFR), a Germany-based professional
non-profit organization the global robot installations in the automotive sector
alone increased by 16% in 2021 compared to the previous year. Therefore, the
rising demand for automation in the manufacturing process is driving the growth
of the analog servo motors and drives market.
Key Industry Players
Major companies operating in the analog servo motors and drives market are Hitachi Ltd., Siemens AG,
Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric SE,
ABB Ltd., Toshiba Corporation, Nidec Corporation, Parker Hannifin Corporation,
Emerson Electric Co., Delta Electronics Inc., Danfoss A/S, Rockwell Automation
Inc., Bosch Rexroth AG, Fanuc Corporation, AMETEK Inc., WEG S.A., SEW-EURODRIVE
GmbH & Co KG, Yaskawa Electric Corporation, Moog Inc., Fuji Electric Co.
Ltd., Lenze SE, Pilz GmbH & Co. KG, Oriental Motor Co.Ltd., Nippon Pulse
Motor Co. Ltd
The analog servo motors and drives market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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