Servo Motor and Drive Market
Servo Motor and Drive Market Analysis by Linear and Rotary Servo Motors in Single Axis Servo System and Multi Axis Servo System Technology from 2024 to 2034
Analysis of Servo Motor and Drive Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Servo Motor and Drive Market Outlook (2024 to 2034)
The global servo motor and drive market size is poised to reach US$ 18.62 billion in 2024. Product sales are projected to rise at a CAGR of 8.2% and touch a value of US$ 40.94 billion by the end of 2034.
A servo motor is known for its ability to rotate with exceptional precision. Typically, it includes a control circuit that offers feedback regarding the motor shaft's current position, enabling precise rotation. Servo motors find utility in diverse sectors such as robotics, automated manufacturing, electronics, medical equipment, toy production, and various industrial machinery applications.
Steady market growth has been projected for the next few years. However, in the latter half of the study period, sales of servo motors and servo drives are expected to pick up pace across the world.
| Report Attributes | Details |
|---|---|
| Servo Motor and Drive Market Size (2019A) | US$ 12.33 Billion |
| Estimated Market Value (2024E) | US$ 18.62 Billion |
| Forecasted Market Value (2034F) | US$ 40.94 Billion |
| Global Market Growth Rate (2024 to 2034) | 8.2% CAGR |
| United States Market Growth Rate (2024 to 2034) | 8.8% CAGR |
| China Market Value (2034F) | US$ 9.95 Billion |
| Key Companies Profiled | Siemens AG; Altra Industrial Motion Corp.; Panasonic Corporation; Nidec Motor Corporation; Parker Hannifin Corporation; Delta Electronics Inc.; Fuji Electric Co.; Hitachi Ltd.; Rozum Robotics Inc.; Mitsubishi Electric Corporation; Schneider Electric; Fanuc Corporation; Rockwell Automation, Inc.; ABB; Applied Motion Products; Other Key Players |
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Servo Motor and Drive Sales Analysis (2019 to 2023) vs. Opportunity Analysis (2024 to 2034)
The market expanded at a CAGR of 4.2% from 2019 to 2023. There has been a rise in the demand for servo motors and drives from the medical, energy, automotive, robotics, pharmaceuticals, foodservice, and in-line manufacturing sectors.
In the toy industry, servo motors are widely employed in modern toys, powering motorized vehicles like cars, planes, and miniature robots for enhanced functionality and performance. Remote-controlled toy sales are projected to increase at a 10.1% CAGR through 2034.
- Short Term: The market is projected to exhibit steady growth in the short term, primarily driven by increased demand from the industrial sector.
- Medium Term: The market is projected to sustain its growth trajectory, fueled by rising adoption of automation across industries such as manufacturing, automotive, and robotics. Technological advancements, including enhanced precision, efficiency, and integration with IoT and AI systems, are forecasted to further drive market expansion.
- Long Term: The market is projected to mature and stabilize in the long term. During this period, emphasis on sustainability, efficiency, and technological innovation is projected to become robust. Market players are forecasted to focus on diversifying their product offerings and reducing power consumption.
The market for servo motors and drives is forecasted to expand at a CAGR of 8.2% during the forecast period from 2024 to 2034, according to Fact.MR, a market research and competitive intelligence provider.
Which Servo Motor and Drive Market Trends are Manufacturers Eyeing?
“Increasing Adoption of Industrial Robots and Focus on Reducing Human Intervention”
In today's world, automation and robotics have become an integral part of various industries, offering a wide range of benefits. As a result, the demand for servo motor drives has increased significantly.
Servo motors play a crucial role in many applications, including robotic welding and vehicles, where they perform tasks that are either repetitive or beyond human physical capabilities. It is worth noting that the use of automation and robotics is prevalent in all industries, with each sector benefitting from their advantages.
- In 2020, China used 211,100 industrial robot servo motors, up 13.3% from the previous year.
Industrial automation is becoming more popular for medium and large companies, and industrial robots are poised to become the go-to choice due to low investment, quick returns, and energy savings.
“Strict Environmental Standards Prompting Shift toward Energy-Efficient Servo Motors”
Stringent energy consumption regulations have prompted a shift away from conventional electric motors. Industries are switching to highly efficient servo drives and motors, which offer superior performance and energy savings. This shift is driving the demand for advanced products and contributing to the revenue growth of servo motor manufacturers.
By replacing old motors with efficient servo drives and motors, industries improve operational efficiency and align with environmental standards. This transition fuels the growth of the market by driving the adoption of more advanced and efficient technologies.
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What’s Affecting Servo Motor and Drive Market Growth?
“Increased Risk of Malfunction Due to Inadequate Maintenance”
Lack of proper maintenance and support for servo motors and drives can result in frequent breakdowns, leading to downtime and increased maintenance costs. The market is highly competitive, with end-user companies increasingly emphasizing the need for reliable and efficient machinery.
To stay competitive in the market, manufacturers are focusing on providing high-quality products that require minimal maintenance and have a longer lifespan. Additionally, end-user companies are investing in regular maintenance and support services to ensure the smooth and uninterrupted functioning of their industrial machinery.
Country-wise Insights
What is the Demand Outlook for Servo Motors and Drives in the United States?
“Stringent Regulations Mandating Use of Energy-efficient Components in Industrial Manufacturing”
The market in the United States is poised to reach US$ 2.28 billion in 2024 and is projected to expand at a CAGR of 8.8% from 2024 to 2034. Sales of servo motors and drives are forecasted to reach US$ 5.53 billion by the end of the forecast period.
Demand for servo motors and drives in the country is driven by technological advancements, regulations governing the energy efficiency of machines, and smart manufacturing adoption. These factors have led to the adoption of servo motors and drives in various industries, boosting their demand and driving innovation and growth in the market.
The United States commands 64.6% of the servo motor and drive market share in North America in 2024, primarily fueled by the increasing use of these components in the automotive sector, as companies are increasingly integrating industrial robots. The country serves as a pivotal market for robotic automation providers, with a notable 48% Y-o-Y increase in demand for industrial robots in 2022 from automotive component manufacturers.
Why are Manufacturers of Servo Motors and Drives Focusing on China?
“Government Support Promoting Technological Advancements and Adoption of Automation”
The China market is estimated at US$ 4.22 billion in 2024 and is projected to expand at a CAGR of 8.9% through 2034. The market is thus expected to attain a valuation of US$ 9.95 billion by the end of 2034.
China's industries are increasingly turning to servo motors and drives for enhanced precision, efficiency, and reliability. Industries are investing in advanced technologies to enhance productivity and competitiveness due to support from the government. The widespread adoption of servo motors and drives is supporting industrial development in China, driving a shift towards a more sustainable manufacturing sector.
Important industries such as robotics, pharmaceuticals, foodservice, and in-line manufacturing also make use of servos. Servo motors are also suited for electrically operated pieces of machinery such as walking robots, elevators, operating grippers, and rudders.
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Category-wise Insights
Which Product Type Accounts for Higher Demand in the Market?
"High Precision and Long-term Dependability of Linear and Rotary Servo Motors"
By product type, sales of linear and rotary servo motors are set to reach US$ 9.08 billion in 2024 and further rise at a CAGR of 9.7% to arrive at US$ 22.89 billion by the end of 2034.
Linear and rotary servo motors are estimated to hold 50% share of the global market in 2024. Liner and rotary servo motors find many applications in material handling, robotics, food and beverage manufacturing, window automation, agricultural machinery, and others. Small and medium rotary servo motors are readily accessible on the market, and these motors are recognized for their high precision and long-term dependability.
Which Application accounts for Significant Revenue?
“Widespread Use of Servo Motors and Drives in Robotics Due to Their Compact Size”
The robotics segment is estimated to hold 25% market share in 2024. Use of servo motors and drives in robotic applications is projected to rise at a CAGR of 8.5% to reach US$ 10.32 billion by the end of 2034. In robotic applications, servo motors offer a range of benefits, including their compact size, high power output, programmability, and remarkable accuracy. Crucially, they enable near-perfect repeatability of motion, essential for tasks requiring precise control.
Applications such as robotic welding and robotic vehicles heavily rely on servo motors, which are installed at each joint to facilitate precise angle adjustments and motion control.
Additionally, servo motors find usage in various other sectors, including remote-controlled toys, medical equipment, CNC machines, and industrial machinery, thus contributing to market growth. As the field of robotics continues to evolve and expand into new domains, the demand for servo motors is projected to remain robust, driving innovation and advancements.
Competitive Landscape
Key players operating in the servo motor and drive market are Siemens AG, Altra Industrial Motion Corp., Panasonic Corporation, Nidec Motor Corporation, Parker Hannifin Corporation, Delta Electronics Inc., Fuji Electric Co., Hitachi Ltd., Rozum Robotics Inc., Mitsubishi Electric Corporation, Schneider Electric, Fanuc Corporation, Rockwell Automation, Inc., ABB, and Applied Motion Products.
Manufacturers are competing for market control, as a result of the rising demand for automation and technological advancements. Industry participants are prioritizing servo motors renowned for their superior quality and cutting-edge technology, which not only fosters environmental preservation but also enhances the efficiency and productivity of industrial machinery.
- In September 2023, Panasonic revealed the launch of the MINAS A7 Family servo system. This advanced system boasts the industry's top degree of motion performance and incorporates artificial intelligence (AI) for automatic, precision tuning, surpassing human expertise-a pioneering feat within the industry. Scheduled for release in Japan in January 2024, the product is expected to be subsequently introduced globally.
- In January 2023, Rockwell Automation introduced the ArmorKinetix Distributed Servo Drives, expanding their renowned Kinetix 5700 platform. This latest addition offers customers a scalable drive solution, empowering them to create more robust and efficient machine designs. The innovative system aims to enhance performance and flexibility, meeting the evolving needs of industrial applications.
Fact.MR has provided detailed information about the key manufacturers of servo motors and drives, product portfolio, and revenue growth, in the recently published report.
Segmentation of Servo Motor and Drive Market Research
-
By Product Type :
- Linear Servo Motors
- Rotary Servo Motors
- Positional Rotation Type
- Continuous Rotation Type
-
By Technology :
- Single-Axis Servo Systems
- Pulse Duty Servo Drives
- Continuous Duty Servo Drives
- Multi-Axis Servo Systems
- Single-Axis Servo Systems
-
By Application :
- Remote Controlled Toys
- Robotics
- Electronic Devices
- Medical Devices
- Printing & Packaging Equipment
- CNC Machines
- Other Industrial Machinery & Equipment
-
By Motor Configuration :
- AC Servo Motors
- Induction Type
- Synchronous Type
- DC Servo Motors
- Brushless DC Motors
- Separated Excited DC Motors
- Permanent Magnet DC Motors
- AC Servo Motors
-
By Rated Power Capacity :
- 400 to 750 kW
- 750 to 1 kW
- 1 to 5 kW
- 5 to 15 kW
- 15 to 50 kW
- 50 to 100 kW
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Market Demand Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ Mn) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Linear Servo Motor
- 7.2. Rotary Servo Motor
- 7.2.1. Positional Rotation Type
- 7.2.2. Continuous Rotation Type
- 8. Global Market Analysis and Forecast, By Technology Type
- 8.1. Single Axis Servo System
- 8.1.1. Pulse Duty Servo Drive
- 8.1.2. Continuous Duty Servo Drive
- 8.2. Multi Axis Servo System Pole
- 8.1. Single Axis Servo System
- 9. Global Market Analysis and Forecast, By Application Type
- 9.1. Remotely Controlled Toys
- 9.2. Robotics
- 9.3. Electronic Devices
- 9.4. Medical Devices
- 9.5. Printing and Packaging Equipment
- 9.6. CNC Machines
- 9.7. Other Industrial Machinery and Equipment
- 10. Global Market Analysis and Forecast, By Motor Configuration
- 10.1. AC Servo Motor
- 10.1.1. Induction Type
- 10.1.2. Synchronous Type
- 10.2. DC Servo Motors
- 10.2.1. Brushless DC Motor
- 10.2.2. Separated Excited DC Motor
- 10.2.3. Permanent Magnet DC Motor
- 10.1. AC Servo Motor
- 11. Global Market Analysis and Forecast, By Rated Power Capacity
- 11.1. 400-750 W
- 11.2. 750-1 KW
- 11.3. 1-5 KW
- 11.4. 5-15 KW
- 11.5. 15-50 KW
- 11.6. 50-100 KW
- 12. Global Market Analysis and Forecast, by Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Western Europe
- 12.4. Eastern Europe
- 12.5. East Asia
- 12.6. South Asia & Pacific
- 12.7. Middle East & Africa
- 13. Global Market Cross Sectional Analysis and Forecast, By Rated Power Capacity X By Product Type
- 14. North America Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Western Europe Market Analysis and Forecast
- 17. Eastern Europe Market Analysis and Forecast
- 18. East Asia Market Analysis and Forecast
- 19. South Asia & Pacific Market Analysis and Forecast
- 20. Middle East & Africa Market Analysis and Forecast
- 21. Country-level Market Analysis and Forecast
- 22. Market Structure Analysis
- 23. Competition Analysis
- 23.1. Siemens AG
- 23.2. Altra Industrial MotionCorp
- 23.3. Panasonic Corporation
- 23.4. Nidec Motor Corporation
- 23.5. Parker Hannifin Corporation
- 23.6. Delta Electronics Inc
- 23.7. Fuji Electric Co
- 23.8. Hitachi Ltd
- 23.9. Rozum Robotics Inc
- 23.10. Mitsubishi Electric Corporation
- 23.11. Schneider Electric
- 23.12. FANUC CORPORATION
- 23.13. Rockwell Automation, Inc
- 23.14. ABB
- 23.15. Applied Motion Products
- 23.16. Other Market Players
- 24. Assumption & Acronyms Used
- 25. Research Methodology & Data Sources
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List Of Table
Table 01. Global Market Value (US$ million) by Region, 2019 to 2023
Table 02. Global Market Value (US$ million) and Forecast by Region, 2024 to 2034
Table 03. Global Market Volume (Units) by Region, 2019 to 2023
Table 04. Global Market Volume (Units) and Forecast by Region, 2024 to 2034
Table 05. Global Market Value (US$ million) By Product Type, 2019 to 2023
Table 06. Global Market Value (US$ million) and Forecast By Product Type, 2024 to 2034
Table 07. Global Market Volume (Units) By Product Type, 2019 to 2023
Table 08. Global Market Volume (Units) and Forecast By Product Type, 2024 to 2034
Table 09. Global Market Value (US$ million) By Technology Type, 2019 to 2023
Table 10. Global Market Value (US$ million) and Forecast By Technology Type, 2024 to 2034
Table 11. Global Market Volume (Units) By Technology Type, 2019 to 2023
Table 12. Global Market Volume (Units) and Forecast By Technology Type, 2024 to 2034
Table 13. Global Market Value (US$ million) By Application Type, 2019 to 2023
Table 14. Global Market Value (US$ million) and Forecast By Application Type, 2024 to 2034
Table 15. Global Market Volume (Units) By Application Type, 2019 to 2023
Table 16. Global Market Volume (Units) and Forecast By Application Type, 2024 to 2034
Table 17. Global Market Value (US$ million) By Motor Configuration, 2019 to 2023
Table 18. Global Market Value (US$ million) and Forecast By Motor Configuration, 2024 to 2034
Table 19. Global Market Volume (Units) By Motor Configuration, 2019 to 2023
Table 20. Global Market Volume (Units) and Forecast By Motor Configuration, 2024 to 2034
Table 21. Global Market Value (US$ million) By Rated Power Capacity, 2019 to 2023
Table 22. Global Market Value (US$ million) and Forecast By Rated Power Capacity, 2024 to 2034
Table 23. Global Market Volume (Units) By Rated Power Capacity, 2019 to 2023
Table 24. Global Market Volume (Units) and Forecast By Rated Power Capacity, 2024 to 2034
Table 25. North America Market Value (US$ million) by Country, 2019 to 2023
Table 26. North America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 27. North America Market Volume (Units) by Country, 2019 to 2023
Table 28. North America Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 29. North America Market Value (US$ million) By Product Type, 2019 to 2023
Table 30. North America Market Value (US$ million) and Forecast By Product Type, 2024 to 2034
Table 31. North America Market Volume (Units) By Product Type, 2019 to 2023
Table 32. North America Market Volume (Units) and Forecast By Product Type, 2024 to 2034
Table 33. North America Market Value (US$ million) By Technology Type, 2019 to 2023
Table 34. North America Market Value (US$ million) and Forecast By Technology Type, 2024 to 2034
Table 35. North America Market Volume (Units) By Technology Type, 2019 to 2023
Table 36. North America Market Volume (Units) and Forecast By Technology Type, 2024 to 2034
Table 37. North America Market Value (US$ million) By Application Type, 2019 to 2023
Table 38. North America Market Value (US$ million) and Forecast By Application Type, 2024 to 2034
Table 39. North America Market Volume (Units) By Application Type, 2019 to 2023
Table 40. North America Market Volume (Units) and Forecast By Application Type, 2024 to 2034
Table 41. North America Market Value (US$ million) By Motor Configuration, 2019 to 2023
Table 42. North America Market Value (US$ million) and Forecast By Motor Configuration, 2024 to 2034
Table 43. North America Market Volume (Units) By Motor Configuration, 2019 to 2023
Table 44. North America Market Volume (Units) and Forecast By Motor Configuration, 2024 to 2034
Table 45. North America Market Value (US$ million) By Rated Power Capacity, 2019 to 2023
Table 46. North America Market Value (US$ million) and Forecast By Rated Power Capacity, 2024 to 2034
Table 47. North America Market Volume (Units) By Rated Power Capacity, 2019 to 2023
Table 48. North America Market Volume (Units) and Forecast By Rated Power Capacity, 2024 to 2034
Table 49. Latin America Market Value (US$ million) by Country, 2019 to 2023
Table 50. Latin America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 51. Latin America Market Volume (Units) by Country, 2019 to 2023
Table 52. Latin America Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 53. Latin America Market Value (US$ million) By Product Type, 2019 to 2023
Table 54. Latin America Market Value (US$ million) and Forecast By Product Type, 2024 to 2034
Table 55. Latin America Market Volume (Units) By Product Type, 2019 to 2023
Table 56. Latin America Market Volume (Units) and Forecast By Product Type, 2024 to 2034
Table 57. Latin America Market Value (US$ million) By Technology Type, 2019 to 2023
Table 58. Latin America Market Value (US$ million) and Forecast By Technology Type, 2024 to 2034
Table 59. Latin America Market Volume (Units) By Technology Type, 2019 to 2023
Table 60. Latin America Market Volume (Units) and Forecast By Technology Type, 2024 to 2034
Table 61. Latin America Market Value (US$ million) By Application Type, 2019 to 2023
Table 62. Latin America Market Value (US$ million) and Forecast By Application Type, 2024 to 2034
Table 63. Latin America Market Volume (Units) By Application Type, 2019 to 2023
Table 64. Latin America Market Volume (Units) and Forecast By Application Type, 2024 to 2034
Table 65. Latin America Market Value (US$ million) By Motor Configuration, 2019 to 2023
Table 66. Latin America Market Value (US$ million) and Forecast By Motor Configuration, 2024 to 2034
Table 67. Latin America Market Volume (Units) By Motor Configuration, 2019 to 2023
Table 68. Latin America Market Volume (Units) and Forecast By Motor Configuration, 2024 to 2034
Table 69. Latin America Market Value (US$ million) By Rated Power Capacity, 2019 to 2023
Table 70. Latin America Market Value (US$ million) and Forecast By Rated Power Capacity, 2024 to 2034
Table 71. Latin America Market Volume (Units) By Rated Power Capacity, 2019 to 2023
Table 72. Latin America Market Volume (Units) and Forecast By Rated Power Capacity, 2024 to 2034
Table 73. Western Europe Market Value (US$ million) by Country, 2019 to 2023
Table 74. Western Europe Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 75. Western Europe Market Volume (Units) by Country, 2019 to 2023
Table 76. Western Europe Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 77. Western Europe Market Value (US$ million) By Product Type, 2019 to 2023
Table 78. Western Europe Market Value (US$ million) and Forecast By Product Type, 2024 to 2034
Table 79. Western Europe Market Volume (Units) By Product Type, 2019 to 2023
Table 80. Western Europe Market Volume (Units) and Forecast By Product Type, 2024 to 2034
Table 81. Western Europe Market Value (US$ million) By Technology Type, 2019 to 2023
Table 82. Western Europe Market Value (US$ million) and Forecast By Technology Type, 2024 to 2034
Table 83. Western Europe Market Volume (Units) By Technology Type, 2019 to 2023
Table 84. Western Europe Market Volume (Units) and Forecast By Technology Type, 2024 to 2034
Table 85. Western Europe Market Value (US$ million) By Application Type, 2019 to 2023
Table 86. Western Europe Market Value (US$ million) and Forecast By Application Type, 2024 to 2034
Table 87. Western Europe Market Volume (Units) By Application Type, 2019 to 2023
Table 88. Western Europe Market Volume (Units) and Forecast By Application Type, 2024 to 2034
Table 89. Western Europe Market Value (US$ million) By Motor Configuration, 2019 to 2023
Table 90. Western Europe Market Value (US$ million) and Forecast By Motor Configuration, 2024 to 2034
Table 91. Western Europe Market Volume (Units) By Motor Configuration, 2019 to 2023
Table 92. Western Europe Market Volume (Units) and Forecast By Motor Configuration, 2024 to 2034
Table 93. Western Europe Market Value (US$ million) By Rated Power Capacity, 2019 to 2023
Table 94. Western Europe Market Value (US$ million) and Forecast By Rated Power Capacity, 2024 to 2034
Table 95. Western Europe Market Volume (Units) By Rated Power Capacity, 2019 to 2023
Table 96. Western Europe Market Volume (Units) and Forecast By Rated Power Capacity, 2024 to 2034
Table 97. Eastern Europe Market Value (US$ million) by Country, 2019 to 2023
Table 98. Eastern Europe Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 99. Eastern Europe Market Volume (Units) by Country, 2019 to 2023
Table 100. Eastern Europe Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 101. Eastern Europe Market Value (US$ million) By Product Type, 2019 to 2023
Table 102. Eastern Europe Market Value (US$ million) and Forecast By Product Type, 2024 to 2034
Table 103. Eastern Europe Market Volume (Units) By Product Type, 2019 to 2023
Table 104. Eastern Europe Market Volume (Units) and Forecast By Product Type, 2024 to 2034
Table 105. Eastern Europe Market Value (US$ million) By Technology Type, 2019 to 2023
Table 106. Eastern Europe Market Value (US$ million) and Forecast By Technology Type, 2024 to 2034
Table 107. Eastern Europe Market Volume (Units) By Technology Type, 2019 to 2023
Table 108. Eastern Europe Market Volume (Units) and Forecast By Technology Type, 2024 to 2034
Table 109. Eastern Europe Market Value (US$ million) By Application Type, 2019 to 2023
Table 110. Eastern Europe Market Value (US$ million) and Forecast By Application Type, 2024 to 2034
Table 111. Eastern Europe Market Volume (Units) By Application Type, 2019 to 2023
Table 112. Eastern Europe Market Volume (Units) and Forecast By Application Type, 2024 to 2034
Table 113. Eastern Europe Market Value (US$ million) By Motor Configuration, 2019 to 2023
Table 114. Eastern Europe Market Value (US$ million) and Forecast By Motor Configuration, 2024 to 2034
Table 115. Eastern Europe Market Volume (Units) By Motor Configuration, 2019 to 2023
Table 116. Eastern Europe Market Volume (Units) and Forecast By Motor Configuration, 2024 to 2034
Table 117. Eastern Europe Market Value (US$ million) By Rated Power Capacity, 2019 to 2023
Table 118. Eastern Europe Market Value (US$ million) and Forecast By Rated Power Capacity, 2024 to 2034
Table 119. Eastern Europe Market Volume (Units) By Rated Power Capacity, 2019 to 2023
Table 120. Eastern Europe Market Volume (Units) and Forecast By Rated Power Capacity, 2024 to 2034
Table 121. East Asia Market Value (US$ million) by Country, 2019 to 2023
Table 122. East Asia Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 123. East Asia Market Volume (Units) by Country, 2019 to 2023
Table 124. East Asia Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 125. East Asia Market Value (US$ million) By Product Type, 2019 to 2023
Table 126. East Asia Market Value (US$ million) and Forecast By Product Type, 2024 to 2034
Table 127. East Asia Market Volume (Units) By Product Type, 2019 to 2023
Table 128. East Asia Market Volume (Units) and Forecast By Product Type, 2024 to 2034
Table 129. East Asia Market Value (US$ million) By Technology Type, 2019 to 2023
Table 130. East Asia Market Value (US$ million) and Forecast By Technology Type, 2024 to 2034
Table 131. East Asia Market Volume (Units) By Technology Type, 2019 to 2023
Table 132. East Asia Market Volume (Units) and Forecast By Technology Type, 2024 to 2034
Table 133. East Asia Market Value (US$ million) By Application Type, 2019 to 2023
Table 134. East Asia Market Value (US$ million) and Forecast By Application Type, 2024 to 2034
Table 135. East Asia Market Volume (Units) By Application Type, 2019 to 2023
Table 136. East Asia Market Volume (Units) and Forecast By Application Type, 2024 to 2034
Table 137. East Asia Market Value (US$ million) By Motor Configuration, 2019 to 2023
Table 138. East Asia Market Value (US$ million) and Forecast By Motor Configuration, 2024 to 2034
Table 139. East Asia Market Volume (Units) By Motor Configuration, 2019 to 2023
Table 140. East Asia Market Volume (Units) and Forecast By Motor Configuration, 2024 to 2034
Table 141. East Asia Market Value (US$ million) By Rated Power Capacity, 2019 to 2023
Table 142. East Asia Market Value (US$ million) and Forecast By Rated Power Capacity, 2024 to 2034
Table 143. East Asia Market Volume (Units) By Rated Power Capacity, 2019 to 2023
Table 144. East Asia Market Volume (Units) and Forecast By Rated Power Capacity, 2024 to 2034
Table 145. South Asia & Pacific Market Value (US$ million) by Country, 2019 to 2023
Table 146. South Asia & Pacific Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 147. South Asia & Pacific Market Volume (Units) by Country, 2019 to 2023
Table 148. South Asia & Pacific Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 149. South Asia & Pacific Market Value (US$ million) By Product Type, 2019 to 2023
Table 150. South Asia & Pacific Market Value (US$ million) and Forecast By Product Type, 2024 to 2034
Table 151. South Asia & Pacific Market Volume (Units) By Product Type, 2019 to 2023
Table 152. South Asia & Pacific Market Volume (Units) and Forecast By Product Type, 2024 to 2034
Table 153. South Asia & Pacific Market Value (US$ million) By Technology Type, 2019 to 2023
Table 154. South Asia & Pacific Market Value (US$ million) and Forecast By Technology Type, 2024 to 2034
Table 155. South Asia & Pacific Market Volume (Units) By Technology Type, 2019 to 2023
Table 156. South Asia & Pacific Market Volume (Units) and Forecast By Technology Type, 2024 to 2034
Table 157. South Asia & Pacific Market Value (US$ million) By Application Type, 2019 to 2023
Table 158. South Asia & Pacific Market Value (US$ million) and Forecast By Application Type, 2024 to 2034
Table 159. South Asia & Pacific Market Volume (Units) By Application Type, 2019 to 2023
Table 160. South Asia & Pacific Market Volume (Units) and Forecast By Application Type, 2024 to 2034
Table 161. South Asia & Pacific Market Value (US$ million) By Motor Configuration, 2019 to 2023
Table 162. South Asia & Pacific Market Value (US$ million) and Forecast By Motor Configuration, 2024 to 2034
Table 163. South Asia & Pacific Market Volume (Units) By Motor Configuration, 2019 to 2023
Table 164. South Asia & Pacific Market Volume (Units) and Forecast By Motor Configuration, 2024 to 2034
Table 165. South Asia & Pacific Market Value (US$ million) By Rated Power Capacity, 2019 to 2023
Table 166. South Asia & Pacific Market Value (US$ million) and Forecast By Rated Power Capacity, 2024 to 2034
Table 167. South Asia & Pacific Market Volume (Units) By Rated Power Capacity, 2019 to 2023
Table 168. South Asia & Pacific Market Volume (Units) and Forecast By Rated Power Capacity, 2024 to 2034
Table 169. MEA Market Value (US$ million) by Country, 2019 to 2023
Table 170. MEA Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 171. MEA Market Volume (Units) by Country, 2019 to 2023
Table 172. MEA Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 173. MEA Market Value (US$ million) By Product Type, 2019 to 2023
Table 174. MEA Market Value (US$ million) and Forecast By Product Type, 2024 to 2034
Table 175. MEA Market Volume (Units) By Product Type, 2019 to 2023
Table 176. MEA Market Volume (Units) and Forecast By Product Type, 2024 to 2034
Table 177. MEA Market Value (US$ million) By Technology Type, 2019 to 2023
Table 178. MEA Market Value (US$ million) and Forecast By Technology Type, 2024 to 2034
Table 179. MEA Market Volume (Units) By Technology Type, 2019 to 2023
Table 180. MEA Market Volume (Units) and Forecast By Technology Type, 2024 to 2034
Table 181. MEA Market Value (US$ million) By Application Type, 2019 to 2023
Table 182. MEA Market Value (US$ million) and Forecast By Application Type, 2024 to 2034
Table 183. MEA Market Volume (Units) By Application Type, 2019 to 2023
Table 184. MEA Market Volume (Units) and Forecast By Application Type, 2024 to 2034
Table 185. MEA Market Value (US$ million) By Motor Configuration, 2019 to 2023
Table 186. MEA Market Value (US$ million) and Forecast By Motor Configuration, 2024 to 2034
Table 187. MEA Market Volume (Units) By Motor Configuration, 2019 to 2023
Table 188. MEA Market Volume (Units) and Forecast By Motor Configuration, 2024 to 2034
Table 189. MEA Market Value (US$ million) By Rated Power Capacity, 2019 to 2023
Table 190. MEA Market Value (US$ million) and Forecast By Rated Power Capacity, 2024 to 2034
Table 191. MEA Market Volume (Units) By Rated Power Capacity, 2019 to 2023
Table 192. MEA Market Volume (Units) and Forecast By Rated Power Capacity, 2024 to 2034
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 03. Global Market Value (US$ million) and Volume (Units) by Region, 2024 & 2034
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2024 to 2034
Figure 05. Global Market Value (US$ million) and Volume (Units) By Product Type, 2024 & 2034
Figure 06. Global Market Y-o-Y Growth Rate By Product Type, 2024 to 2034
Figure 07. Global Market Value (US$ million) and Volume (Units) By Technology Type, 2024 & 2034
Figure 08. Global Market Y-o-Y Growth Rate By Technology Type, 2024 to 2034
Figure 09. Global Market Value (US$ million) and Volume (Units) By Application Type, 2024 & 2034
Figure 10. Global Market Y-o-Y Growth Rate By Application Type, 2024 to 2034
Figure 11. Global Market Value (US$ million) and Volume (Units) By Motor Configuration, 2024 & 2034
Figure 12. Global Market Y-o-Y Growth Rate By Motor Configuration, 2024 to 2034
Figure 13. Global Market Value (US$ million) and Volume (Units) By Rated Power Capacity, 2024 & 2034
Figure 14. Global Market Y-o-Y Growth Rate By Rated Power Capacity, 2024 to 2034
Figure 15. North America Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 16. North America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 17. North America Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 18. North America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 19. North America Market Value (US$ million) and Volume (Units) By Product Type, 2024 & 2034
Figure 20. North America Market Y-o-Y Growth Rate By Product Type, 2024 to 2034
Figure 21. North America Market Value (US$ million) and Volume (Units) By Technology Type, 2024 & 2034
Figure 22. North America Market Y-o-Y Growth Rate By Technology Type, 2024 to 2034
Figure 23. North America Market Value (US$ million) and Volume (Units) By Application Type, 2024 & 2034
Figure 24. North America Market Y-o-Y Growth Rate By Application Type, 2024 to 2034
Figure 25. North America Market Value (US$ million) and Volume (Units) By Motor Configuration, 2024 & 2034
Figure 26. North America Market Y-o-Y Growth Rate By Motor Configuration, 2024 to 2034
Figure 27. North America Market Value (US$ million) and Volume (Units) By Rated Power Capacity, 2024 & 2034
Figure 28. North America Market Y-o-Y Growth Rate By Rated Power Capacity, 2024 to 2034
Figure 29. North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 30. North America Market Attractiveness Analysis By Product Type, 2024 to 2034
Figure 31. North America Market Attractiveness Analysis By Technology Type, 2024 to 2034
Figure 32. North America Market Attractiveness Analysis By Application Type, 2024 to 2034
Figure 33. North America Market Attractiveness Analysis By Motor Configuration, 2024 to 2034
Figure 34. North America Market Attractiveness Analysis By Rated Power Capacity, 2024 to 2034
Figure 35. Latin America Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 36. Latin America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 37. Latin America Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 38. Latin America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 39. Latin America Market Value (US$ million) and Volume (Units) By Product Type, 2024 & 2034
Figure 40. Latin America Market Y-o-Y Growth Rate By Product Type, 2024 to 2034
Figure 41. Latin America Market Value (US$ million) and Volume (Units) By Technology Type, 2024 & 2034
Figure 42. Latin America Market Y-o-Y Growth Rate By Technology Type, 2024 to 2034
Figure 43. Latin America Market Value (US$ million) and Volume (Units) By Application Type, 2024 & 2034
Figure 44. Latin America Market Y-o-Y Growth Rate By Application Type, 2024 to 2034
Figure 45. Latin America Market Value (US$ million) and Volume (Units) By Motor Configuration, 2024 & 2034
Figure 46. Latin America Market Y-o-Y Growth Rate By Motor Configuration, 2024 to 2034
Figure 47. Latin America Market Value (US$ million) and Volume (Units) By Rated Power Capacity, 2024 & 2034
Figure 48. Latin America Market Y-o-Y Growth Rate By Rated Power Capacity, 2024 to 2034
Figure 49. Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 50. Latin America Market Attractiveness Analysis By Product Type, 2024 to 2034
Figure 51. Latin America Market Attractiveness Analysis By Technology Type, 2024 to 2034
Figure 52. Latin America Market Attractiveness Analysis By Application Type, 2024 to 2034
Figure 53. Latin America Market Attractiveness Analysis By Motor Configuration, 2024 to 2034
Figure 54. Latin America Market Attractiveness Analysis By Rated Power Capacity, 2024 to 2034
Figure 55. Western Europe Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 56. Western Europe Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 57. Western Europe Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 58. Western Europe Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 59. Western Europe Market Value (US$ million) and Volume (Units) By Product Type, 2024 & 2034
Figure 60. Western Europe Market Y-o-Y Growth Rate By Product Type, 2024 to 2034
Figure 61. Western Europe Market Value (US$ million) and Volume (Units) By Technology Type, 2024 & 2034
Figure 62. Western Europe Market Y-o-Y Growth Rate By Technology Type, 2024 to 2034
Figure 63. Western Europe Market Value (US$ million) and Volume (Units) By Application Type, 2024 & 2034
Figure 64. Western Europe Market Y-o-Y Growth Rate By Application Type, 2024 to 2034
Figure 65. Western Europe Market Value (US$ million) and Volume (Units) By Motor Configuration, 2024 & 2034
Figure 66. Western Europe Market Y-o-Y Growth Rate By Motor Configuration, 2024 to 2034
Figure 67. Western Europe Market Value (US$ million) and Volume (Units) By Rated Power Capacity, 2024 & 2034
Figure 68. Western Europe Market Y-o-Y Growth Rate By Rated Power Capacity, 2024 to 2034
Figure 69. Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 70. Western Europe Market Attractiveness Analysis By Product Type, 2024 to 2034
Figure 71. Western Europe Market Attractiveness Analysis By Technology Type, 2024 to 2034
Figure 72. Western Europe Market Attractiveness Analysis By Application Type, 2024 to 2034
Figure 73. Western Europe Market Attractiveness Analysis By Motor Configuration, 2024 to 2034
Figure 74. Western Europe Market Attractiveness Analysis By Rated Power Capacity, 2024 to 2034
Figure 75. Eastern Europe Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 76. Eastern Europe Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 77. Eastern Europe Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 78. Eastern Europe Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 79. Eastern Europe Market Value (US$ million) and Volume (Units) By Product Type, 2024 & 2034
Figure 80. Eastern Europe Market Y-o-Y Growth Rate By Product Type, 2024 to 2034
Figure 81. Eastern Europe Market Value (US$ million) and Volume (Units) By Technology Type, 2024 & 2034
Figure 82. Eastern Europe Market Y-o-Y Growth Rate By Technology Type, 2024 to 2034
Figure 83. Eastern Europe Market Value (US$ million) and Volume (Units) By Application Type, 2024 & 2034
Figure 84. Eastern Europe Market Y-o-Y Growth Rate By Application Type, 2024 to 2034
Figure 85. Eastern Europe Market Value (US$ million) and Volume (Units) By Motor Configuration, 2024 & 2034
Figure 86. Eastern Europe Market Y-o-Y Growth Rate By Motor Configuration, 2024 to 2034
Figure 87. Eastern Europe Market Value (US$ million) and Volume (Units) By Rated Power Capacity, 2024 & 2034
Figure 88. Eastern Europe Market Y-o-Y Growth Rate By Rated Power Capacity, 2024 to 2034
Figure 89. Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 90. Eastern Europe Market Attractiveness Analysis By Product Type, 2024 to 2034
Figure 91. Eastern Europe Market Attractiveness Analysis By Technology Type, 2024 to 2034
Figure 92. Eastern Europe Market Attractiveness Analysis By Application Type, 2024 to 2034
Figure 93. Eastern Europe Market Attractiveness Analysis By Motor Configuration, 2024 to 2034
Figure 94. Eastern Europe Market Attractiveness Analysis By Rated Power Capacity, 2024 to 2034
Figure 95. East Asia Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 96. East Asia Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 97. East Asia Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 98. East Asia Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 99. East Asia Market Value (US$ million) and Volume (Units) By Product Type, 2024 & 2034
Figure 100. East Asia Market Y-o-Y Growth Rate By Product Type, 2024 to 2034
Figure 101. East Asia Market Value (US$ million) and Volume (Units) By Technology Type, 2024 & 2034
Figure 102. East Asia Market Y-o-Y Growth Rate By Technology Type, 2024 to 2034
Figure 103. East Asia Market Value (US$ million) and Volume (Units) By Application Type, 2024 & 2034
Figure 104. East Asia Market Y-o-Y Growth Rate By Application Type, 2024 to 2034
Figure 105. East Asia Market Value (US$ million) and Volume (Units) By Motor Configuration, 2024 & 2034
Figure 106. East Asia Market Y-o-Y Growth Rate By Motor Configuration, 2024 to 2034
Figure 107. East Asia Market Value (US$ million) and Volume (Units) By Rated Power Capacity, 2024 & 2034
Figure 108. East Asia Market Y-o-Y Growth Rate By Rated Power Capacity, 2024 to 2034
Figure 109. East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 110. East Asia Market Attractiveness Analysis By Product Type, 2024 to 2034
Figure 111. East Asia Market Attractiveness Analysis By Technology Type, 2024 to 2034
Figure 112. East Asia Market Attractiveness Analysis By Application Type, 2024 to 2034
Figure 113. East Asia Market Attractiveness Analysis By Motor Configuration, 2024 to 2034
Figure 114. East Asia Market Attractiveness Analysis By Rated Power Capacity, 2024 to 2034
Figure 115. South Asia & Pacific Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 116. South Asia & Pacific Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 117. South Asia & Pacific Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 118. South Asia & Pacific Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 119. South Asia & Pacific Market Value (US$ million) and Volume (Units) By Product Type, 2024 & 2034
Figure 120. South Asia & Pacific Market Y-o-Y Growth Rate By Product Type, 2024 to 2034
Figure 121. South Asia & Pacific Market Value (US$ million) and Volume (Units) By Technology Type, 2024 & 2034
Figure 122. South Asia & Pacific Market Y-o-Y Growth Rate By Technology Type, 2024 to 2034
Figure 123. South Asia & Pacific Market Value (US$ million) and Volume (Units) By Application Type, 2024 & 2034
Figure 124. South Asia & Pacific Market Y-o-Y Growth Rate By Application Type, 2024 to 2034
Figure 125. South Asia & Pacific Market Value (US$ million) and Volume (Units) By Motor Configuration, 2024 & 2034
Figure 126. South Asia & Pacific Market Y-o-Y Growth Rate By Motor Configuration, 2024 to 2034
Figure 127. South Asia & Pacific Market Value (US$ million) and Volume (Units) By Rated Power Capacity, 2024 & 2034
Figure 128. South Asia & Pacific Market Y-o-Y Growth Rate By Rated Power Capacity, 2024 to 2034
Figure 129. South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 130. South Asia & Pacific Market Attractiveness Analysis By Product Type, 2024 to 2034
Figure 131. South Asia & Pacific Market Attractiveness Analysis By Technology Type, 2024 to 2034
Figure 132. South Asia & Pacific Market Attractiveness Analysis By Application Type, 2024 to 2034
Figure 133. South Asia & Pacific Market Attractiveness Analysis By Motor Configuration, 2024 to 2034
Figure 134. South Asia & Pacific Market Attractiveness Analysis By Rated Power Capacity, 2024 to 2034
Figure 135. MEA Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 136. MEA Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 137. MEA Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 138. MEA Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 139. MEA Market Value (US$ million) and Volume (Units) By Product Type, 2024 & 2034
Figure 140. MEA Market Y-o-Y Growth Rate By Product Type, 2024 to 2034
Figure 141. MEA Market Value (US$ million) and Volume (Units) By Technology Type, 2024 & 2034
Figure 142. MEA Market Y-o-Y Growth Rate By Technology Type, 2024 to 2034
Figure 143. MEA Market Value (US$ million) and Volume (Units) By Application Type, 2024 & 2034
Figure 144. MEA Market Y-o-Y Growth Rate By Application Type, 2024 to 2034
Figure 145. MEA Market Value (US$ million) and Volume (Units) By Motor Configuration, 2024 & 2034
Figure 146. MEA Market Y-o-Y Growth Rate By Motor Configuration, 2024 to 2034
Figure 147. MEA Market Value (US$ million) and Volume (Units) By Rated Power Capacity, 2024 & 2034
Figure 148. MEA Market Y-o-Y Growth Rate By Rated Power Capacity, 2024 to 2034
Figure 149. MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 150. MEA Market Attractiveness Analysis By Product Type, 2024 to 2034
Figure 151. MEA Market Attractiveness Analysis By Technology Type, 2024 to 2034
Figure 152. MEA Market Attractiveness Analysis By Application Type, 2024 to 2034
Figure 153. MEA Market Attractiveness Analysis By Motor Configuration, 2024 to 2034
Figure 154. MEA Market Attractiveness Analysis By Rated Power Capacity, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Which region accounts for a significant share of the global servo motor and drive market?
East Asia is set to account for 42.4% share of the global servo motor and drive market in 2024.
What is the estimated value of the market for servo motors and drives in 2024?
The global servo motor and drive market is set to reach US$ 18.62 billion in 2024.
What portion of the market does the robotics segment occupy?
The robotics segment accounts for 25% market share in 2024.
At what rate is the United States market projected to grow?
The United States market is projected to expand at 8.2% CAGR through 2034.
Who are the leading manufacturers of servo motors and drives?
Key companies include Siemens AG, Altra Industrial Motion, Panasonic Corporation, Nidec Motor Corporation, and Parker Hannifin.
Servo Motor and Drive Market