Servo Motors Market Size, Share, Emerging Trends, Analysis and Forecasts 2022

Global Servo Motors Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. A linear or rotary actuator that delivers precision control of velocity, acceleration and angular or linear position is known as a servo motor. It consists of three main components namely a controlled device, an output sensor and a feedback system. Servo motors have a number of industrial applications such as in robotic vehicle, metal cutting & metal forming machines, conveyor belts, textiles, automatic door openers, printing presses, woodworking, solar tracking system and so on.

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The factors that propel the growth of the Servo Motors Market include increasing demand, rapid urbanization & industrialization, technological innovations and wide range of applications. In addition, factors such as stringent energy consumption regulations and environment protection acts also significantly fuel the market growth.  Servo Motors Market is classified on the basis of components, type, voltage range, material of construction, communication protocol, end user and geography. Servo Motors Market is classified on the basis of components as controller modules, encoders, sensors and others. Servo Motors Market is classified on the basis of type as AC servo motors, brushed DC motors, DC brushless motors, linear servo motors and others.

Among the type, AC servo motors segment is expected to register a significant share of the Servo Motors Market. Servo Motors Market is classified on the basis of voltage range as low voltage and medium voltage. Servo Motors Market is classified on the basis of material of construction as stainless steel servo motors and others. Servo Motors Market is classified on the basis of communication protocol as fieldbus, wireless, industrial ethernet and others.  Servo Motors Market is classified on the basis of end user as automotive & transportation, printing & paper, pharmaceutical & healthcare, textile machines, packaging, food processing, petrochemicals, semiconductor & electronics and others. Among the end user, automotive & transportation segment is expected to hold a large share of the Servo Motors Industry. Servo Motors Industry is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa.  In case of geographical region, Asia Pacific is projected to account a significant share of the Global Servo Motors Industry. Some of the key players that fuel the growth of the Servo Motors Industry include ABB, Rexroth (Bosch), Beckhoff, Delta, Emerson, Hitachi, HNC, GSK, Kollmorgen, Lenze, LS Mecapion, Fanuc, Mitsubshi, Oriental Motor, Panasonic, Parker Hannifin, Moog, Rockwell, Siemens, Schneider, SANYO DENKI, Teco, Toshiba, Tamagawa, Yasukawa and others.

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