Servo Motor Market Size, Share & Trends Analysis Report By Application (Industrial Machinery, Motor Vehicles, Household Appliances), By Type (AC Motor, DC Motor), And Segment Forecasts, 2018 - 2025

Published: Nov, 2018 | Pages: 70 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global servo motor market size is expected to attain a market size of USD 14.4 billion by 2025, registering a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. 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.

Technological advancements in the servo motors market have been focused on reducing the weight and size of motors and increasing the torque. The latter has been achieved with the use of rare earth magnets. Suppliers such as GE Fanuc have introduced motors offering a high and continuous torque rating for use in applications such as injection molding. Additionally, Yaskawa Electric Corporation is focusing on winding techniques and improvements in high-energy product magnet materials. To keep prices stable, production techniques are becoming increasingly important. Just-in-time manufacturing is being widely used and production of servo motors is itself automated.

The market environment has become favorable for advanced technologies with users increasingly investing in designs that offer greater performance and reliability as well as higher efficiency. Greater customer confidence and understanding of these benefits has boosted demand for servo motors. Additionally, manufacturers are focusing on value-added and improved profitability as a means to maintain their competitiveness. This has led customers investing large amounts in newer and more advanced technologies such as servo motors.

Factors such as volatile prices and availability of raw materials, easy availability of substitute motors, and complex manufacturing processes are key restraints to market growth. However, declining prices of and increasing demand for servo motors are expected to lead to steady market growth.

Further key findings from the report suggest:

• The servo motors market is anticipated to register a CAGR of 6.4%. Growth can be attributed to increasing focus on construction activities and infrastructure development, thus necessitating the replacement of old motors with new energy-efficient ones

• DC motors are commonly used in automotive, metal processing, and HVAC industries as they help manufacturers in efficiently utilizing energy and meeting rising demand for cost optimization

• The flourishing automotive industry and advantages offered by these devices such as reduced size, high accuracy and speed, higher torque, and lightweight machines are driving the market across the automotive sector

• Servo motors are also used for automation in industrial processes, resulting in fewer errors, high throughput, lower manpower requirement, and reduced cost

• Asia Pacific is expected to witness the highest and fastest growth over the forecast period. Factors such as positive economic outlook, growing manufacturing industries, and increasing production and sales of electric vehicles are expected to drive demand in this region

• Companies are focusing on expanding their market presence through mergers and acquisitions and are increasingly investing in research and development activities to improve their product offerings.

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Research Methodology
                  1.2. Research Scope & Assumptions
                  1.3. List of Data Sources
Chapter 2. Executive Summary
                  2.1. Servo Motor Regional Marketplace - Key Takeaways
Chapter 3. Servo Motor Industry Outlook
                  3.1. Market Segmentation
                  3.2. Market Size and Growth Prospects, 2014 - 2025
                  3.3. Value Chain Analysis
                  3.4. Market Dynamics
                      3.4.1. Market driver analysis
                      3.4.2. Market restraint/challenge analysis
                      3.4.3. Market opportunity analysis
                  3.5. Penetration & Growth Prospect Mapping
                  3.6. Industry Analysis - Porter's Five Forces Analysis
                  3.7. PEST Analysis
Chapter 4. Servo Motor Market: Motor Type Outlook
                  4.1. Servo Motor Market Share by Motor Type, 2017 & 2025 (USD Million)
                  4.2. AC Motor
                      4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                  4.3. DC Motor
                      4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      4.3.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
Chapter 5. Servo Motor Market: Application Outlook
                  5.1. Servo Motor Market Share by Application, 2017 & 2025 (USD Million)
                  5.2. Industrial Machinery
                      5.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      5.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                  5.3. Motor Vehicles
                      5.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      5.3.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                  5.4. HVAC Equipment
                      5.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      5.4.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                  5.5. Aerospace & Transportation
                      5.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      5.5.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                  5.6. Household Appliances
                      5.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      5.6.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                  5.7. Others
                      5.7.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      5.7.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
Chapter 6. Servo Motor Market: Regional Outlook
                  6.1. Servo Motor Market Share by Region, 2017 & 2025 (USD Million)
                  6.2. North America 
                      6.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      6.2.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                      6.2.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                      6.2.4. U.S.
                          6.2.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          6.2.4.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                          6.2.4.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                      6.2.5. Canada
                          6.2.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          6.2.5.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                          6.2.5.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                  6.3. Europe 
                      6.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      6.3.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                      6.3.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                      6.3.4. U.K.
                          6.3.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          6.3.4.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                          6.3.4.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                      6.3.5. Germany
                          6.3.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          6.3.5.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                          6.3.5.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                  6.4. Asia Pacific 
                      6.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      6.4.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                      6.4.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                      6.4.4. China 
                          6.4.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          6.4.4.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                          6.4.4.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                      6.4.5. India
                          6.4.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          6.4.5.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                          6.4.5.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                      6.4.6. Japan
                          6.4.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          6.4.6.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                          6.4.6.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                  6.5. Latin America 
                      6.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      6.5.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                      6.5.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
                  6.6. Middle East & Africa 
                      6.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      6.6.2. Market estimates and forecasts by motor type, 2014 - 2025 (USD Million)
                      6.6.3. Market estimates and forecasts by application, 2014 - 2025 (USD Million)
Chapter 7. Competitive Landscape
                  7.1. ABB
                      7.1.1. Company overview
                      7.1.2. Financial performance
                      7.1.3. Product benchmarking
                      7.1.4. Recent developments
                  7.2. Allied Motion Technologies, Inc.
                      7.2.1. Company overview
                      7.2.2. Financial performance
                      7.2.3. Product benchmarking
                      7.2.4. Recent developments
                  7.3. Ametek, Inc.
                      7.3.1. Company overview
                      7.3.2. Financial performance
                      7.3.3. Product benchmarking
                      7.3.4. Recent developments
                  7.4. General Electric Company
                      7.4.1. Company overview
                      7.4.2. Financial performance
                      7.4.3. Product benchmarking
                      7.4.4. Recent developments
                  7.5. Nidec Corporation
                      7.5.1. Company overview
                      7.5.2. Financial performance
                      7.5.3. Product benchmarking
                      7.5.4. Recent developments
                  7.6. Rockwell Automation Inc.
                      7.6.1. Company overview
                      7.6.2. Financial performance
                      7.6.3. Product benchmarking
                      7.6.4. Recent developments
                  7.7. Schneider Electric
                      7.7.1. Company overview
                      7.7.2. Financial performance
                      7.7.3. Product benchmarking
                      7.7.4. Recent developments
                  7.8. Siemens AG
                      7.8.1. Company overview
                      7.8.2. Financial performance
                      7.8.3. Product benchmarking
                      7.8.4. Recent developments
                  7.9. WEG
                      7.9.1. Company overview
                      7.9.2. Financial performance
                      7.9.3. Product benchmarking
                      7.9.4. Recent developments

List of Tables

TABLE 1 Global servo motor market, 2014 - 2025 (USD Million)
TABLE 2 Global servo motor market, by motor type, 2014 - 2025 (USD Million)
TABLE 3 Global servo motor market, by application, 2014 - 2025 (USD Million)
TABLE 4 Global servo motor market, by region, 2014 - 2025 (USD Million)
TABLE 5 AC motor market, 2014 - 2025 (USD Million)
TABLE 6 AC motor market by region, 2014 - 2025 (USD Million)
TABLE 7 DC motor market, 2014 - 2025 (USD Million)
TABLE 8 DC motor market by region, 2014 - 2025 (USD Million)
TABLE 9 Industrial machinery market, 2014 - 2025 (USD Million)
TABLE 10 Industrial machinery market by region, 2014 - - 2025 (USD Million)
TABLE 11 Motor vehicles market, 2014 - 2025 (USD Million)
TABLE 12 Motor vehicles market by region, 2014 - 2025 (USD Million)
TABLE 13 HVAC equipment market, 2014 - 2025 (USD Million)
TABLE 14 HVAC equipment market by region, 2014 - 2025 (USD Million)
TABLE 15 Aerospace & transportation market, 2014 - 2025 (USD Million)
TABLE 16 Aerospace & transportation market, by region, 2014 - 2025 (USD Million)
TABLE 17 Household appliances market, 2014 - 2025 (USD Million)
TABLE 18 Household appliances market, by region, 2014 - 2025 (USD Million)
TABLE 19 Others market, 2014 - 2025 (USD Million)
TABLE 20 Others market, by region, 2014 - 2025 (USD Million)
TABLE 21 North America servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 22 North America servo motor market by application, 2014 - 2025 (USD Million)
TABLE 23 U.S. servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 24 U.S. servo motor market by application, 2014 - 2025 (USD Million)
TABLE 25 Canada servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 26 Canada servo motor market by application, 2014 - 2025 (USD Million)
TABLE 27 Europe servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 28 Europe servo motor market by application, 2014 - 2025 (USD Million)
TABLE 29 U.K. servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 30 U.K. servo motor market by application, 2014 - 2025 (USD Million)
TABLE 31 Germany servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 32 Germany servo motor market by application, 2014 - 2025 (USD Million)
TABLE 35 Asia Pacific servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 36 Asia Pacific servo motor market by application, 2014 - 2025 (USD Million)
TABLE 37 China servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 38 China servo motor market by application, 2014 - 2025 (USD Million)
TABLE 39 India servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 40 India servo motor market by application, 2014 - 2025 (USD Million)
TABLE 41 Japan servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 42 Japan servo motor market by application, 2014 - 2025 (USD Million)
TABLE 43 Latin America servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 44 Latin America servo motor market by application, 2014 - 2025 (USD Million)
TABLE 45 Middle East & Africa servo motor market by motor type, 2014 - 2025 (USD Million)
TABLE 46 Middle East & Africa servo motor market by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Research process
FIG. 2 Information procurement
FIG. 3 Servo motor regional marketplace - Key takeaways
FIG. 4 Servo motor - Market segmentation and scope
FIG. 5 Servo motor - Market size and growth prospects, 2014 - 2025 (USD Million)
FIG. 6 Servo motor - Value chain analysis
FIG. 7 Servo motor - Market dynamics
FIG. 8 Servo motor - Market driver relevance analysis (current & future impact)
FIG. 9 Servo motor - Market restraint/challenge relevance analysis (current & future impact)
FIG. 10 Servo motor - Market opportunity relevance analysis (current & future impact)
FIG. 11 Servo motor - Penetration & growth prospect mapping
FIG. 12 Servo motor - Porter's analysis
FIG. 13 Servo motor- PEST analysis
FIG. 14 Global servo motor motor type outlook, 2017 & 2025
FIG. 15 Global servo motor application outlook, 2017 & 2025
FIG. 16 Global servo motor regional outlook, 2017 & 2025