Servo motors and drives are critical in machinery that demands the intricate position control, likewise robotics, conveyor belts, camera focus, and automation amongst others. Servo Motors can be widely categorized as simple electric motors which are controlled for precise angular rotation with the assistance of an added servomechanism. They are essentially an amalgamation of countless electronic parts, comprising the well-known DC and AC motors. They are functioned in a closed loop mechanism which generates its position to control its rotational swiftness.
According to the report analysis, ‘Global Servo Motors and Drives Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that Northland Resources AB, British Steel Corp, Nippon Steel Corp, Camloc Motion Control, BCS Motion Inc, Gefran and many more are the foremost entities which presently functioning in the global servo motors and drives market more progressively for obtaining the competitive edge, leading the highest market growth, ruling around the globe, keep maintaining the governing position, registering the great value of market share and generating the highest percentage of revenue by employing the young and active personnel, spreading the awareness connected to the applications and advantages of servo motors and drives, delivering the better customer satisfaction, establishing the countless research and development programs, analysing the strategies and policies of government as well as similar entities, improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion and decreasing the associated prices of such.
On the basis of types, the global servo motors and drives market is categorized into fieldbus, industrial ethernet, and wireless. Whereas, The Fieldbus segment registered for the greatest share of the servo motors and propel market during the recent past years. Fieldbus assistance several network topologies, such as star, ring, daisy-chain, branch, and tree. Fieldbus assistances from decreased wiring as it communicates through a single cable, resultant in high network speed. On the basis of application, the global servo motors and drives market is categorized into Automotive & Transportation, Semiconductor & Electronics, Food Processing, Textile Machines, Petrochemicals, Pharmaceutical & Healthcare, Packaging, Printing & Paper and others.
In addition, the foremost factors propelling the growth of this market comprise the increasing automation in factories, growing adoption of international standards for motor efficiency, improvement of user-friendly motion control libraries and packages for motors and drives, and growing production of vehicles.
Not only has this, the effective growth in electricity prices and stringent electricity utilization standards are propelling the requirement for energy efficient motors globally. The market of servo drives and motors is projected to augment at a slower pace in North America and Europe region. The requirement for servo drives and motors is predicted to rise owing to the replacement of out-dated low effectual electric motors with extremely efficient servo drives and motors. In addition, the severe energy consumption regulations and environment defense acts as the foremost factors that are propelling the servo drives and motors market globally.
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Ankur Gupta, Head Marketing & Communications