Global Servo Motors and Drives Market (2021 to 2026) – CAGR of over 5%…

first_img Facebook WhatsApp By Digital AIM Web Support – February 8, 2021 Facebook DUBLIN–(BUSINESS WIRE)–Feb 8, 2021– The “Servo Motors and Drives Market – Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering. In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Servo Motors Market Report The servo motors and drives market by revenue is expected to grow at a CAGR of over 5% during the period 2021-2026. The global servo motors and drives market share is expected to grow at a significant rate owing to a large application of robotics in factories, medical facilities, and other related industries. Both servo motors and drives are expected to observe exponential growth during the forecast period. Their penetration is increasing as several industries are opting for automation and innovative applications to transform operations, according to Industry 4.0. Industrial robots are the major applications, which use servo motors and drives, thus the increased use of robotics and automation in industries is expected to drive the market growth. The following factors are likely to contribute to the growth of the servo motors and drives market during the forecast period:Growth in CNC Machine MarketIndustrial Revolution 4.0Growth in Robotic Business FieldRapid Advances and Growth in Automation The study considers the present scenario of the servo motors and drives market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market. Key Questions AnsweredWhat is the future outlook and growth projections of the servo motors and drives market?What are the major upcoming trends in the servo motors and drives market?What opportunities exist for major players and new entrants in the servo motors and drives market?Which regions are likely to observe the highest revenue during the forecast period?Which end-users are projected to contribute maximum revenue to the market? Vendor Insights Emerson, Siemens, Rockwell Automation, ABB, Mitsubishi Electric, Delt, Fuji Electric are the major players in the market. They have a strong presence in both high-end and low-end servo motor and drives segments. Also, most vendors are vertically integrated and provide end-to-end solutions to their customers. Vendors in the market are expanding their presence through partnerships, investments, and mergers and acquisitions. Several vendors are focusing on innovation in production technologies to provide a variety of products along with efficiency in the global servo motor and drive market. Prominent VendorsEmersonSiemensRockwell AutomationABBMitsubishi ElectricDeltaFuji ElectricYaskawaSanyo DenkiParker HannifinAllied MotionNidec Other Prominent VendorsAmetekARC SystemsBonfiglioliOriental MotorSchneider ElectricCallan TechnologyPanasonic Industry EuropeSew-EurodriveFANUCBosch RexrothKollmorgenHNC ElectricMoogTamagawa SeikiGSK CNC EquipmentInfranorKEB AutomationBeckhoffTECO Electro Devices For more information about this report visit https://www.researchandmarkets.com/r/dot0pn View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005661/en/ CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: TECHNOLOGY HARDWARE OTHER TECHNOLOGY SOURCE: Research and Markets Copyright Business Wire 2021. PUB: 02/08/2021 12:10 PM/DISC: 02/08/2021 12:10 PM http://www.businesswire.com/news/home/20210208005661/en Local NewsBusiness Global Servo Motors and Drives Market (2021 to 2026) – CAGR of over 5% Expected During the Forecast Period – ResearchAndMarkets.com Twittercenter_img TAGS  Pinterest WhatsApp Twitter Pinterest Previous articleAnalysis: Only Venus Williams gets to decide when she leavesNext articleREMOTAIR by Alisea: quando il COVID19 diventa uno stimolo alla progettazione di soluzioni innovative per la qualità dell’aria che respiriamo Digital AIM Web Supportlast_img read more