The global servo motor market size is expected to reach USD 20.13 billion in 2030 and is projected to grow at a CAGR of 6.9% from 2025 to 2030 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.
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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.
Servo Motor Market Report Highlights
- The servo motor market is anticipated to register a CAGR of 6.9%. 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.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the Servo Motor market include:
- ABB
- Allied Motion, Inc.
- AMETEK
- General Electric Company
- NIDEC CORPORATION
- Rockwell Automation Inc.
- Schneider Electric
- Siemens AG
- WEG
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Servo Motor Variables, Trends, & Scope
Chapter 4. Servo Motor Market: Motor Estimates & Trend Analysis
Chapter 5. Servo Motor Market: Application Estimates & Trend Analysis
Chapter 6. Servo Motor Market: Region Estimates & Trend Analysis
Chapter 7. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- ABB
- Allied Motion, Inc.
- AMETEK
- General Electric Company
- NIDEC CORPORATION
- Rockwell Automation Inc.
- Schneider Electric
- Siemens AG
- WEG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 13.52 Billion |
| Forecasted Market Value ( USD | $ 20.13 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
