Servo motors and drives are majorly used to attain position control to account system disturbances and errors in gadgets such as, robotics, automation, conveyor belts, conveyor belts and many others which can be used for both independent and synchronised controls. Servo motors are small, energy efficient and has remote control facilities. So, we can generally observe their use in cars, robots, and aeroplanes.
The Fieldbus segment predicted to have the highest market share in the servo motors and drives market. Fieldbus profits by diminished wiring as it conveys through a solitary link, bringing about high system speed. Fieldbus requires low investment, low operation, and low maintenance cost, high network productivity, and high productivity of plant machinery is predicted to drive the segment in the forecast period. Instances of Fieldbus has variants like PROFIBUS, INTERBUS, MODBUS, CC-Link, DeviceNet, FOUNDATION Fieldbus, and CANopen. The CC-Link finds its use in IoT systems due to its IE time-sensitive networking. DEVICENET is used in conveyors, motors, and sensors due to its utility for information network and device-level control.
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Servo motor is an actuator that controls the linear or angular positions which is either linear or rotary. Servo drive is the amplifier device that provides power to the servo motors. These are also mostly used in the paper, printing, and food processing.
Global Servo Motors and Drives Market : Segmentation :
1.By Industry Type :
- Packing
- Petrochemicals
- Textile
- Automotive and Transport
- Pharmaceuticals and Healthcare
- Printing and Paper
- Food Processing
- Semiconductors
- Electronics
- Others
2.By Communication protocol :
- Industrial Ethernet
- Fieldbus
- Wireless
3.By Material of Construction :
- Others (Aluminum, Carbon Steel)
- Stainless Steel
4.By Offering
- Software and Services
- Hardware
5.By Companies Profiled :
- ABB Ltd.
- Yaskawa Electric Corporation
- Schneider Electric
- Siemens AG
- Mitsubishi Electric Corporation
- Rockwell Automation Inc.
- Delta Electronics, Inc.
- FANUC Corp.
- Kollmorgen Corp.
- Bosch Rexroth AG
Key Reasons to Purchase Servo Motors and Drives Market Report:
- The report analysis by geography highlights the consumption of the product/service within the region also as indicating the factors that are affecting the market within each region.
- Automation in industries to enhance the efficiency is the major driving factor
- The report indicates the region and segment that’s expected to witness the fastest growth.
- Increase in technological advancements possess a greater opportunity for investors in servo motors and drives market
- Competitive landscape which includes the market ranking of the main players, along with new product launches, partnerships, business expansions, and acquisitions.
- Hardware segment accounts for the highest share in the market
- The report provides extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the main market players.
- Fieldbus is anticipated to be dominating the market in the forecast period
- The report gives the present as well as the future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges, and restraints of both emerging also as developed regions.
- Transportation and automation are anticipated to be lucrative in the forecast period
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Wireless devices, green energy automobiles and encoders in the economies like Japan, China, and India is predicted to create more investment opportunity in the forecast period. The rising economic development and higher infrastructure facilities in the Asia Pacific region possess a lucrative opportunity for the investors to invest in the forecast period.
Regional-level analysis of the top geographies:
North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia), South America (Brazil, Argentina, Colombia, and Rest of South America), Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa).
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