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Global Servo Motors and Drives Market: Analysis By Product Type (Servo Motors, Servo Drives), Voltage Range (Low, Medium, High), End User, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)

Executive Summary

The Global Servo Motors and Drives Market was valued at USD 10.32 billion in the year 2020. The global Servo Motors and Drives market has been witnessing lucrative growth due to the growing automation in factories, rising adoption of international standards for motor efficiency, development of user-friendly motion control libraries and packages for motors and drives, and increasing production of vehicles.

The major factors driving the market for Servo Motors and Drives is the replacement of outdated low efficient electric motors with highly efficient servo drives and motors. In addition, the strict energy consumption regulations and environment protection acts as the key factors that are driving the servo drives and motors market globally. The increasing demand for energy efficient motors causes the shift from standard energy efficient electric motors to premium energy efficiency motors. This shift in trend is directly contributing to revenue growth of servo drives and motors manufacturers.

APAC region occupied the largest share in global Servo Motors and Drives market. Asia Pacific is projected to have fastest growth, owing to rapidly increasing automobile industry, rise in industrial sector, and growing investment in the manufacturing industry in developing nations such as China, and India in this region. Among all the applications, automotive industry has the highest market share in Asia Pacific servo motors and drives market due to spur in automotive industry, innovation, and technical advancement in automotive industry.

The COVID-19 pandemic is restricting the supply of Servo Motors and Drives and other control components due to severe disruptions in the global supply chain. The rising concerns regarding the spread of the virus have negatively impacted all the supply chains and manufacturing industries across the globe. This has led to strict regulations implied by governments to control the spread of the virus and assure the safety of people. The outbreak of the disease has altered the demand of the drives as the use of the motors and the demand for additional motors across sectors, such as oil & gas, mining, automobile, food processing, petrochemicals, and others, has declined.

Scope of the Report

• The report presents the analysis of Servo Motors & Drives market for the historical period of 2016-2020 and the forecast period of 2021-2026.

• The report analyses the Servo Motors & Drives Market by Product Type (Servo Motors, Servo drives).

• The report analyses the Servo Motors & Drives Market by Voltage Range (ow Voltage, Medium Voltage, High Voltage).

• The report analyses the Servo Motors & Drives Market by End User (Industrial Machinery & Equipment, Semiconductor & Electronics, Automotive, Printing & Packaging Equipment, Healthcare, Others).

• The Servo Motors & Drives Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Brazil, Germany, France, Italy, China, Japan, India, South Korea).

• Also, the attractiveness of the market has been presented by region, Product type, Voltage Range, End User.

• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Shenzhen Inovance Tech, Yaskawa Electric Corporation, Mitsubishi Electric, Fuji Electric Co., Rockwell Automation, Delta Electronics, Emerson, Robert Bosch, Siemens AG, ABB Ltd.

Key Target Audience

• Servo Motors and Drives Manufacturers

• Consulting and Advisory Firms

• Government and Policy Makers

• Regulatory Authorities

List of Figures

Figure 1: Global Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 2: Global Manufacturing, Value Added (% of GDP), 2014-19

Figure 3: Global Manufacturing, Value Added (USD Trillion), 2014-19

Figure 4: Global spending on the Internet of Things (IOT), USD Billion. 2017-2019

Figure 5: Global Industry (Including Construction), value added (annual growth), 2014-19

Figure 6: Global annual installed base of industrial robots, 2016-2019 (Millions)

Figure 7: Global spending on the Internet of Things (IOT), USD Billion 2017-2020

Figure 8: Advanced technology expenditure, 2018 & 2025, (USD Million)

Figure 9: Global Servo Motors & Drives Market- By Product Type Market Share, 2020 & 2026

Figure 10: Global Servo Motors & Drives Market- By Servo Motors, By Value (USD Million), 2016-2026

Figure 11: Global Servo Motors & Drives Market- By Servo Drives, By Value (USD Million), 2016-2026

Figure 12: Global Servo Motors & Drives Market- By Voltage Range Market Share, 2020 & 2026

Figure 13: Global Servo Motors & Drives Market- By Low Voltage, By Value (USD Million), 2016-2026

Figure 14: Global Servo Motors & Drives Market- By Medium Voltage, By Value (USD Million), 2016-2026

Figure 15: Global Servo Motors & Drives Market- By High Voltage, By Value (USD Million), 2016-2026

Figure 16: Global Servo Motors & Drives Market- By End User Market Share, 2020 & 2026

Figure 17: Global Servo Motors & Drives Market- By Industrial Machinery & Equipment, By Value (USD Million), 2016-2026

Figure 18: Global Servo Motors & Drives Market- By Semiconductor & electronics, By Value (USD Million), 2016-2026

Figure 19: Global Servo Motors & Drives Market- By Automotive, By Value (USD Million), 2016-2026

Figure 20: Global Servo Motors & Drives Market- By Printing & Packaging Equipment, By Value (USD Million), 2016-2026

Figure 21: Global Servo Motors & Drives Market- By Healthcare, By Value (USD Million), 2016-2026

Figure 22: Global Servo Motors & Drives Market- By Others, By Value (USD Million), 2016-2026

Figure 23: Global Servo Motors & Drives Market- By Region Market Share, 2020 & 2026

Figure 24: Americas Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 25: North America Manufacturing, value added (annual % growth), 2014-18

Figure 26: Latin America & Caribbean Industry (Including Construction), value added (annual % growth), 2014-19

Figure 27: North America Average Industrial Growth Rate (%), 2013 -17

Figure 28: Americaís Industrial robots sales Unit, 2015-2019

Figure 29: Americas Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 30: Americas Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 31: Americas Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 32: Market Opportunity Chart of Americas Servo Motors & Drives Market- By Country, By Value (Year-2026)

Figure 33: Americas Servo Motors & Drives Market- By Country Market Share, 2020 & 2026

Figure 34: United States Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 35: United States Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 36: United States Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 37: United States Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 38: United States Manufacturing, value added (annual % growth), 2014-18

Figure 39: United States Source of Greenhouse Gas Emission (%), 2019

Figure 40: United States Electronic Product Export (USD Billion), 2019

Figure 41: Estimated Annual Supply of Industrial Robots in the U.S (in 1,000 of units)

Figure 42: United States GDP (USD Trillion), 2014-2019

Figure 43: U.S. Exports of Industrial Robots for Multiple Uses, 2018 (USD million)

Figure 44: Canada Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 45: Canada Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 46: Canada Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 47: Canada Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 48: Canada Manufacturing Value Added as a Proportion of GDP (%), 2014-19

Figure 49: Canada Manufacturing Value Added (annual % growth), 2014-19

Figure 50: Canada R&D Expenditure (% of GDP) 2014-18

Figure 51: Canada annual installation of industrial robots (ë000 of units), 2015-2018

Figure 52: Canada New Electric Car Sales , 2013-2018

Figure 53: Canada Green House Gases Emissions (Mega Tons of carbon dioxide equivalent), 2016-19

Figure 54: Brazil Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 55: Brazil Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 56: Brazil Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 57: Brazil Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 58: Brazil Industry (Including Construction), Value added (annual growth %), 2013-18

Figure 59: Brazil Manufacturing Value added, annual growth(%), 2013-18

Figure 60: Europe Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 61: Europe Industrial Growth Rate (%), 2013-17

Figure 62: European Union Manufacturing, Value Added (USD Trillion), 2014-19

Figure 63: IoT Spending in Europe (Billion USD), 2019

Figure 64: European Union Industry (Including Construction), value added (annual growth), 2014-19

Figure 65: European Union Manufacturing, value added (annual growth), 2014-19

Figure 66: Europeís Industrial robots sales Unit, 2015-2019

Figure 67: AI companies invested, transaction volume, Europe (from 2008-2017)

Figure 68: Europe New Electric Car Sales , 2013-2018

Figure 69: Europe Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 70: Europe Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 71: Europe Servo Motors & Drives Market- By End Use, By Value (USD Million), 2016-2026

Figure 72: Market Opportunity Chart of Europe Servo Motors & Drives Market- By Country, By Value (Year-2026)

Figure 73: Europe Servo Motors & Drives Market- By Country Market Share, 2020 & 2026

Figure 74: Germany Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 75: Germany Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 76: Germany Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 77: Germany Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 78: Germany Manufacturing Output (USD Billion), 2014-19

Figure 79: Germany Manufacturing Value Added (annual % growth), 2014-19

Figure 80: Germany: Manufacturing Value Added as a proportion of GDP (%), 2014-19

Figure 81: Germany New Electric Car Sales (Thousand), 2013-2018

Figure 82: Germany Industry (including construction), value added (USD Trillion) 2013-2018

Figure 83: Germany annual installation of industrial robots (ë000 of units), 2014-2018

Figure 84: France Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 85: France Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 86: France Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 87: France Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 88: France Manufacturing value added (annual % growth), 2014-19

Figure 89: France Manufacturing value added as a proportion of GDP (%), 2014-19

Figure 90: France Industry (including construction), value added (USD Billion) 2013-2018

Figure 91: France annual installation of industrial robots (ë000 of units), 2014-2018

Figure 92: Italy Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 93: Italy Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 94: Italy Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 95: Italy Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 96: Italy Manufacturing value added as a proportion of GDP (%)

Figure 97: Italy Manufacturing, value added (annual % growth), 2014-19

Figure 98: Italy annual installation of industrial robots (ë000 of units), 2014-2018

Figure 99: Asia Pacific Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 100: East Asia & Pacific Manufacturing, Value Added (USD Trillion), 2013-18

Figure 101: Asian developing countries manufacturing growth rate (%), 2018-19

Figure 102: Asia Pacific Manufacturing Value Added (annual % growth), 2014-18

Figure 103: East Asia & Pacific GDP Growth rate, 2014-2018 (%)

Figure 104: East Asia & Pacific Urban Population growth (annual %), 2013-18

Figure 105: Asia Pacific Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 106: Asia Pacific Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 107: Asia Pacific Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 108: Market Opportunity Chart of APAC Servo Motors & Drives Market- By Country, By Value (Year-2026)

Figure 109: APAC Servo Motors & Drives Market- By Country Market Share, 2020 & 2026

Figure 110: China Servo Motors & Drives Market Size, By Value (USD Million), 2016-2026

Figure 111: China Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 112: China Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 113: China Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 114: China Manufacturing Value added (USD Trillion), 2014-19

Figure 115: China Manufacturing, Value Added (% of GDP), 2014-19

Figure 116: China Number of IoT connections (in Billion) 2017 -19

Figure 117: Japan Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 118: Japan Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 119: Japan Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 120: Japan Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 121: Japan Manufacturing Value Added as a Proportion of GDP (%), 2014-19

Figure 122: Japan Manufacturing value added (annual % growth), 2014-18

Figure 123: Japan Primary Energy Consumption (Exajoules), 2014-19

Figure 124: Japan Automotive imports in value terms (CIF), (In 100 Billion Yen), 2014-18)

Figure 125: Japan Automotive exports in value terms (FOB), (In 100 Billion Yen), 2014-18)

Figure 126: Japan Investments in equipment of Automotive sector (100 Billion Yen), 2013-2017

Figure 127: India Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 128: India Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 129: India Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 130: India Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 131: India Manufacturing value added (annual % growth), 2014-19

Figure 132: India Carbon Dioxide Emission (Million Tonnes of Carbon Dioxide), 2014-19

Figure 133: South Korea Servo Motors & Drives Market Size, By Value, 2016-2026 (USD Million)

Figure 134: South Korea Servo Motors & Drives Market- By Product Type, By Value (USD Million), 2016-2026

Figure 135: South Korea Servo Motors & Drives Market- By Voltage Range, By Value (USD Million), 2016-2026

Figure 136: South Korea Servo Motors & Drives Market- By End User, By Value (USD Million), 2016-2026

Figure 137: South Korea Manufacturing value added as a proportion of GDP (%)

Figure 138: South Korea Industry (including construction), value added (USD Billion) 2014-2018

Figure 139: Market Attractiveness Chart of Global Servo Motors & Drives Market- By Product Type (Year-2026)

Figure 140: Market Attractiveness Chart of Global Servo Motors & Drives Market- By Voltage Range (Year-2026)

Figure 141: Market Attractiveness Chart of Global Servo Motors & Drives Market- By End User (Year-2026)

Figure 142: Market Attractiveness Chart of Global Servo Motors & Drives Market- By Region (Year-2026)

Figure 143: Global Servo Motors & Drives Industry Market Share (%), 2020

Figure 144: Shenzhen Inovance Tech Annual Sales Revenue, 2016-2020 (USD Million)

Figure 145: Shenzhen Inovance Tech Net Income, 2016-2020 (USD Million)

Figure 146: Shenzhen Inovance Tech Net Sales Revenue, By Business Segment (%), FY2020

Figure 147: Yaskawa Electric Corporation Annual Sales Revenue, 2016-2020 (USD Million)

Figure 148: Yaskawa Electric Corporation Gross Profit, 2016-2020 (USD Million)

Figure 149: Yaskawa Electric Corporation Net Sales Revenue, By Business Segment (%), FY2020

Figure 150: Yaskawa Electric Corporation Sales Revenue, By Geographic Segment (%), FY2020

Figure 151: Mitsubishi Electric Annual Sales Revenue, 2016-2020 (USD Million)

Figure 152: Mitsubishi Electric Operating Profit, 2016-2020 (USD Million)

Figure 153: Mitsubishi Electric Sales Revenue, By Business Segment (%), FY2020

Figure 154: Mitsubishi Electric Sales Revenue, By Geographical Segment (%), FY2020

Figure 155: Fuji Electric co. Annual Sales Revenue, 2016-2020 (USD Million)

Figure 156: Fuji Electric co. Net Income, 2016-2020 (USD Million)

Figure 157: Fuji Electric co. Net Sales Revenue, By Business Segment (%), FY2020

Figure 158: Fuji Electric co. Sales Revenue, By Geographic Segment (%), FY2020

Figure 159: Rockwell Automation Annual Sales Revenue, 2016-2020 (USD Million)

Figure 160: Rockwell Automation Net Income, 2016-2020 (USD Million)

Figure 161: Rockwell Automation Net Sales Revenue, By Business Segment (%), FY2020

Figure 162: Rockwell Automation Sales Revenue, By Geographic Segment (%), FY2020

Figure 163: Delta Electronics Annual Sales Revenue, 2016-2020 (USD Million)

Figure 164: Delta Electronics Gross Profit, 2016-2020 (USD Million)

Figure 165: Delta Electronics Net Sales Revenue, By Business Segment (%), FY2020

Figure 166: Delta Electronics Sales Revenue, By Geographic Segment (%), FY2020

Figure 167: Emerson Annual Sales Revenue, 2016-2020 (USD Million)

Figure 168: Emerson Gross Profit, 2016-2020 (USD Million)

Figure 169: Emerson Sales Revenue, By Business Segment (%), FY2020

Figure 170: Emerson Sales Revenue, By Geographical Segment (%), FY2020

Figure 171: Robert Bosch GmbH Annual Sales Revenue, 2016-2020 (USD Million)

Figure 172: Robert Bosch GmbH Gross Profit, 2016-2020 (USD Million)

Figure 173: Robert Bosch GmbH Sales Revenue, By Business Segment (%), FY2020

Figure 174: Robert Bosch GmbH Sales Revenue, By Geographical Segment (%), FY2020

Figure 175: Siemens Annual Sales Revenue, 2016-2020 (USD Billion)

Figure 176: Siemens Net Income, 2016-2020 (USD Billion)

Figure 177: Siemens Sales Revenue, By Business Segment (%), FY2020

Figure 178: Siemens Sales Revenue, By Geographical Segment (%), FY2020

Figure 179: ABB Ltd. Annual Sales Revenue, 2016-2020 (USD Million)

Figure 180: ABB Ltd. Net Income, 2016-2020 (USD Million)

Figure 181: ABB Ltd. Sales Revenue, By Business Segment (%), FY2020

Figure 182: ABB Ltd. Sales Revenue, By Geographical Segment (%), FY2020

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