Dc Servo Motors And Drives Market
DC Servo Motors and Drives Market Forecasts to 2030 - Global Analysis By Motor Type (DC Servo Motors, AC Servo Motors and Motor Configuration), Drive Type, Feedback Type, Power Rating, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $373.9 BN |
|
Projected Year Value (2030) |
US $600.0 BN |
|
CAGR (2024 - 2030) |
8.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global DC Servo Motors and Drives Market is accounted for $4.9 billion in 2024 and is expected to reach $8.0 billion by 2030 growing at a CAGR of 8.3% during the forecast period. DC servo motors are precise electromechanical devices that convert electrical energy into mechanical motion, enabling accurate control of position, velocity, and acceleration. They typically consist of a rotor, stator, and feedback mechanisms like encoders or resolvers to monitor performance. DC servo drives control the motor’s speed and position by adjusting the input voltage or current based on feedback. This combination makes DC servo systems ideal for applications requiring high precision and responsiveness, such as robotics, CNC machinery, and automated manufacturing processes.
According to IFR, global industrial robot shipments amounted to approximately 3,84,000 in 2020. It is forecasted that 2024, the global industrial robot shipments will be about 518,000.
Market Dynamics:
Driver:
Industry 4.0 adoption
The adoption of Industry 4.0 in the market is enhancing automation through IoT connectivity and real-time data analytics. Smart sensors and feedback systems enable predictive maintenance and optimize performance, leading to increased efficiency. This integration allows for seamless communication between machines, facilitating adaptive manufacturing processes. As manufacturers embrace these technologies, DC servo solutions become vital for achieving higher precision and responsiveness in modern, automated production environments.
Restraint:
Competition from alternative technologies
Competition from alternative technologies poses significant challenges for the DC servo motors and drives market. As these alternatives often provide lower costs and improved performance in certain applications, manufacturers may shift their preferences, leading to reduced demand for DC servo solutions. This can result in decreased market share, pressure on prices, and reduced investment in innovation. Consequently, companies may struggle to differentiate their products, hindering their ability to compete effectively in an evolving industrial landscape.
Opportunity:
Energy efficiency demand
The demand for energy efficiency in the market is escalating due to rising energy costs and stringent environmental regulations. Manufacturers are increasingly focusing on designs that minimize power consumption and heat generation, improving overall performance. This shift not only reduces operational expenses but also aligns with sustainability goals, appealing to eco-conscious consumers. As industries strive for greener solutions, energy-efficient DC servo technologies are becoming essential in modern manufacturing processes.
Threat:
Technological complexity
The increasing technological complexity in the market can lead to significant challenges for manufacturers and users. Advanced systems require specialized knowledge for installation, programming, and maintenance, which can elevate costs and extend training periods. Additionally, the intricacies of modern technologies may result in longer development cycles and potential compatibility issues with existing equipment. This complexity can hinder widespread adoption and slow down the overall innovation in the market.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the DC servo motors and drives market, disrupting supply chains and halting production in various industries. With manufacturing facilities operating at reduced capacity or temporarily closing, demand for automation solutions fluctuated. However, the pandemic also accelerated the shift towards automation and remote monitoring, as companies sought to enhance operational resilience. This dual effect has reshaped market dynamics, pushing for innovation while also highlighting vulnerabilities in supply chain management.
The analog drives segment is projected to be the largest during the forecast period
The analog drives segment is projected to account for the largest market share during the projection period offer a traditional approach to motor control. These drives are known for their simplicityand cost-effectiveness, making them suitable for various applications in industrial automation. While they may lack the advanced features of digital drives, analog systems remain popular for straightforward tasks, particularly where high precision and real-time adjustments are less critical.
The agriculture segment is expected to have the highest CAGR during the forecast period
The agriculture segment is expected to have the highest CAGR during the extrapolated period enhancing automation and precision in farming operations. They are utilized in applications such as automated irrigation systems, planting machinery, and robotic harvesters, enabling accurate control of movement and positioning. By improving efficiency and reducing labor costs, these technologies help farmers optimize resource use and increase productivity, making them vital for modern, sustainable agricultural practices.
Region with largest share:
North America region is projected to account for the largest market share during the forecast period driven by increasing demand across various industries, including manufacturing, robotics, and aerospace. The region's focus on smart manufacturing and Industry 4.0 initiatives promotes the integration of advanced motor technologies for enhanced efficiency and precision. Additionally, investments in renewable energy and electric vehicles are further boosting the adoption of DC servo solutions in diverse applications throughout the market.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. The ongoing shift towards automation across various industries enhances productivity and efficiency, leading to higher adoption rates of servo motors and drives. The rise in electric vehicle production significantly boosts the need for advanced motion control systems, where DC servo motors play a critical role. Increased government funding for smart infrastructure projects promotes the adoption of advanced technologies like servo motors in manufacturing processes.
Key players in the market
Some of the key players in DC Servo Motors and Drives market include ABB, Siemens, Rockwell Automation, Yaskawa Electric Corporation, Schneider Electric, Mitsubishi Electric, Bosch Rexroth, Fanuc Corporation, Nidec Corporation, Toshiba, Curtis Instruments, Parker Hannifin, Danfoss, STMicroelectronics and Omron Corporation.
Key Developments:
In October 2023, Rockwell Automation announced the launch of its ArmorKinetix Distributed Servo Drives, designed to be mounted directly on machines rather than in electrical cabinets. This innovation allows for a smaller machine footprint, reduced cabling, and lower cooling requirements.
In September 2023, Rockwell Automation introduced the Kinetix RDB Direct-drive Servo Motors designed for high efficiency and responsiveness in motion control applications. These motors connect directly to the load, eliminating the need for mechanical components like gearboxes, which reduces energy consumption and enhances control.
Motor Types Covered:
• DC Servo Motors
• AC Servo Motors
• Motor Configuration
Drive Types Covered:
• Analog Drives
• Digital Drives
Feedback Types Covered:
• Position Control
• Speed Control
• Torque Control
Power Ratings Covered:
• Low Power (up to 750 W)
• Medium Power (750 W to 5 kW)
• High Power (above 5 kW)
Applications Covered:
• Robotic Arms
• Collaborative Robots (Cobots)
• Flight Control Systems
• Surgical Robots
• Printers and Scanners
• Other Applications
End Users Covered:
• Packaging
• Agriculture
• Industrial Automation
• Robotics
• Aerospace and Defense
• Medical Equipment
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global DC Servo Motors and Drives Market, By Motor Type
5.1 Introduction
5.2 DC Servo Motors
5.2.1 Brushed DC Servo Motors
5.2.2 Brushless DC Servo Motors
5.3 AC Servo Motors
5.3.1 Induction Type
5.3.2 Synchronous Type
5.4 Motor Configuration
5.4.1 Permanent Magnet DC Motors
5.4.2 Separated Excited DC Motors
6 Global DC Servo Motors and Drives Market, By Drive Type
6.1 Introduction
6.2 Analog Drives
6.3 Digital Drives
7 Global DC Servo Motors and Drives Market, By Feedback Type
7.1 Introduction
7.2 Position Control
7.3 Speed Control
7.4 Torque Control
8 Global DC Servo Motors and Drives Market, By Power Rating
8.1 Introduction
8.2 Low Power (up to 750 W)
8.3 Medium Power (750 W to 5 kW)
8.4 High Power (above 5 kW)
9 Global DC Servo Motors and Drives Market, By Application
9.1 Introduction
9.2 Robotic Arms
9.3 Collaborative Robots (Cobots)
9.4 Flight Control Systems
9.5 Surgical Robots
9.6 Printers and Scanners
9.7 Other Applications
10 Global DC Servo Motors and Drives Market, By End User
10.1 Introduction
10.2 Packaging
10.3 Agriculture
10.4 Industrial Automation
10.5 Robotics
10.6 Aerospace and Defense
10.7 Medical Equipment
10.8 Other End Users
11 Global DC Servo Motors and Drives Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 ABB
13.2 Siemens
13.3 Rockwell Automation
13.4 Yaskawa Electric Corporation
13.5 Schneider Electric
13.6 Mitsubishi Electric
13.7 Bosch Rexroth
13.8 Fanuc Corporation
13.9 Nidec Corporation
13.10 Toshiba
13.11 Curtis Instruments
13.12 Parker Hannifin
13.13 Danfoss
13.14 STMicroelectronics
13.15 Omron Corporation
List of Tables
1 Global DC Servo Motors and Drives Market Outlook, By Region (2022-2030) ($MN)
2 Global DC Servo Motors and Drives Market Outlook, By Motor Type (2022-2030) ($MN)
3 Global DC Servo Motors and Drives Market Outlook, By DC Servo Motors (2022-2030) ($MN)
4 Global DC Servo Motors and Drives Market Outlook, By Brushed DC Servo Motors (2022-2030) ($MN)
5 Global DC Servo Motors and Drives Market Outlook, By Brushless DC Servo Motors (2022-2030) ($MN)
6 Global DC Servo Motors and Drives Market Outlook, By AC Servo Motors (2022-2030) ($MN)
7 Global DC Servo Motors and Drives Market Outlook, By Induction Type (2022-2030) ($MN)
8 Global DC Servo Motors and Drives Market Outlook, By Synchronous Type (2022-2030) ($MN)
9 Global DC Servo Motors and Drives Market Outlook, By Motor Configuration (2022-2030) ($MN)
10 Global DC Servo Motors and Drives Market Outlook, By Permanent Magnet DC Motors (2022-2030) ($MN)
11 Global DC Servo Motors and Drives Market Outlook, By Separated Excited DC Motors (2022-2030) ($MN)
12 Global DC Servo Motors and Drives Market Outlook, By Drive Type (2022-2030) ($MN)
13 Global DC Servo Motors and Drives Market Outlook, By Analog Drives (2022-2030) ($MN)
14 Global DC Servo Motors and Drives Market Outlook, By Digital Drives (2022-2030) ($MN)
15 Global DC Servo Motors and Drives Market Outlook, By Feedback Type (2022-2030) ($MN)
16 Global DC Servo Motors and Drives Market Outlook, By Position Control (2022-2030) ($MN)
17 Global DC Servo Motors and Drives Market Outlook, By Speed Control (2022-2030) ($MN)
18 Global DC Servo Motors and Drives Market Outlook, By Torque Control (2022-2030) ($MN)
19 Global DC Servo Motors and Drives Market Outlook, By Power Rating (2022-2030) ($MN)
20 Global DC Servo Motors and Drives Market Outlook, By Low Power (up to 750 W) (2022-2030) ($MN)
21 Global DC Servo Motors and Drives Market Outlook, By Medium Power (750 W to 5 kW) (2022-2030) ($MN)
22 Global DC Servo Motors and Drives Market Outlook, By High Power (above 5 kW) (2022-2030) ($MN)
23 Global DC Servo Motors and Drives Market Outlook, By Application (2022-2030) ($MN)
24 Global DC Servo Motors and Drives Market Outlook, By Robotic Arms (2022-2030) ($MN)
25 Global DC Servo Motors and Drives Market Outlook, By Collaborative Robots (Cobots) (2022-2030) ($MN)
26 Global DC Servo Motors and Drives Market Outlook, By Flight Control Systems (2022-2030) ($MN)
27 Global DC Servo Motors and Drives Market Outlook, By Surgical Robots (2022-2030) ($MN)
28 Global DC Servo Motors and Drives Market Outlook, By Printers and Scanners (2022-2030) ($MN)
29 Global DC Servo Motors and Drives Market Outlook, By Other Applications (2022-2030) ($MN)
30 Global DC Servo Motors and Drives Market Outlook, By End User (2022-2030) ($MN)
31 Global DC Servo Motors and Drives Market Outlook, By Packaging (2022-2030) ($MN)
32 Global DC Servo Motors and Drives Market Outlook, By Agriculture (2022-2030) ($MN)
33 Global DC Servo Motors and Drives Market Outlook, By Industrial Automation (2022-2030) ($MN)
34 Global DC Servo Motors and Drives Market Outlook, By Robotics (2022-2030) ($MN)
35 Global DC Servo Motors and Drives Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
36 Global DC Servo Motors and Drives Market Outlook, By Medical Equipment (2022-2030) ($MN)
37 Global DC Servo Motors and Drives Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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