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Servo Motor Market Forecast, Trend, Analysis and Competition Tracking – Global Market Insights 2022 to 2030

The global servo motor market size is expected to be worth around US$ 20.4 billion by 2030, according to a new report by Vision Research Reports.

The global servo motor market size was valued at US$ 10.8 billion in 2020 and is anticipated to grow at a CAGR of 9.9% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 20.4 Bn by 2030
Growth Rate CAGR of 9.9% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Motor Type , Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Amada Corporation, TRUMPF, and Bystronic Laser AG, Jenoptik AG; IPG Photonics; Jet Edge, Inc.; and Messer Cutting

Growth Factors

 Servo motors help reduce operating time and save costs of inventory processes and manufacturing. Development of efficient and advanced automation technologies, easy integration and use of motion control components in motors, and increased adoption of energy-efficient international standards are prime growth drivers of the market. Rising demand for energy-efficient motors has resulted in a shift from standard energy-efficient electric motors to premium ones. This shift in trend is directly contributing to rising demand for servo motors as well revenue growth of motor manufacturers.

Rapid growth and advancements in automation, coupled with increasing adoption of international energy-efficient standards, are some of the substantial drivers influencing market growth. Stringent electricity utilization standards, rising electricity prices, and need to replace outdated low-efficient electric motors with highly efficient servo motors are anticipated to boost their demand over the forecast period.

By Type Analysis

The market is majorly classified on the basis of type into AC and DC motors. While both are widely used in servo systems, the AC type endures higher current and is often used in in-line manufacturing, robots, and other industrial applications where high precision and repetition are required.

AC segment held the largest market share and is anticipated to dominate the market over the forecast period. Increasing sales of electric vehicles are expected to drive the segment through 2030.

The DC segment is also anticipated to witness healthy growth in the servo motor market, registering a CAGR of 10.0% by 2030. These are used for variable speed control applications in electronic toys, industrial machinery, and equipment, among others.

By Application Analysis

the motor vehicles segment contributed to over 30% of the overall revenue owing to high demand for electric and hybrid vehicles. Increasing fuel prices and pollution have resulted in rising demand for electric vehicles in developed and emerging economies such as Japan, China, Germany, and the U.S.

Growing demand for vehicles in developing nations such as India, South Korea, and China is a key factor driving the global market. These countries are turning into automotive manufacturing hubs, which is further estimated to propel regional markets over the forecast period.

The industrial machinery segment is expected to witness the highest growth by 2030, registering a CAGR of over 7.0% over the forecast period. In the industrial segment, these motors are used in material handling, packaging, factory automation,

By Regional Analysis

Asia Pacific accounted for the largest market share in 2020. Increasing industrial activities, coupled with need for fast and accurate motors for higher production output, is driving demand in this region. Additionally, rising need for energy-efficient production processes is catapulting market growth.

Growing industrialization in developing countries is a major growth driver for the market. Factors such as availability of low-cost skilled workforce, administrative setup, favorable business landscape, and attractive foreign policies have enabled manufacturers to shift their processes to Asia Pacific.

Key Players

General Electric Company; Nidec Corporation; Allied Motion Technologies, Inc.; Ametek, Inc.; Siemens AG; Schneider Electric; Rockwell Automation Inc.; ABB; and WEG.

Market Segmentation

  • By Motor Type
    • AC
    • DC
  • By Application
    • Industrial Machinery
    • Motor Vehicles
    • HVAC Equipment
    • Aerospace & Transportation
    • Household Appliances
    • Others
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
    • Middle East & Africa (MEA)

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Servo Motor Market, By Motor Type

7.1.  Servo Motor Market, by Motor Type, 2021-2030

7.1.1.    AC

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    DC

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Servo Motor Market, By Application

8.1.  Servo Motor Market, by Application, 2021-2030

8.1.1.    Industrial Machinery

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Motor Vehicles

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    HVAC Equipment

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Aerospace & Transportation

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Household Appliances

8.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Servo Motor Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Motor Type (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Motor Type (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Motor Type (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Motor Type (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Motor Type (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Motor Type (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              General Electric Company

10.1.1.  Company Overview

10.1.2.  Motor Type Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Nidec Corporation

10.2.1.  Company Overview

10.2.2.  Motor Type Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Allied Motion Technologies, Inc

10.3.1.  Company Overview

10.3.2.  Motor Type Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Ametek, Inc.

10.4.1.  Company Overview

10.4.2.  Motor Type Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Siemens AG

10.5.1.  Company Overview

10.5.2.  Motor Type Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Schneider Electric

10.6.1.  Company Overview

10.6.2.  Motor Type Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Rockwell Automation Inc

10.7.1.  Company Overview

10.7.2.  Motor Type Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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