Servo motors are high performance electric motors having characteristics such as controlling the movement of machines. In addition, servo motors offer easy installation and no maintenance cost. Increasing electricity prices and stringent electricity utilization standards are driving the demand for energy efficient motors globally. The market of servo drives and motors market is expected to grow at a slower pace in North America and Europe region. The demand for servo drives and motors is expected to rise due to the replacement of out-dated low efficient electric motors with highly efficient servo drives and motors. In addition, the strict energy consumption regulations and environment protection acts as the key factors that are driving the servo drives and motors market globally. Major Key Players of the Servo Motors and Drives Market are: Siemens AG, Baldor Electric Company, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric S.E, Emerson Electric Co., Parker Hannifin Corporation, Nidec Corporation and ABB Ltd. among others. Get sample copy of “Servo Motors and Drives Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4401 The growth of servo drives and motors market is primarily attributed to positive economic outlook and growing manufacturing industries in India, China, South Korea, Indonesia, Japan and several other countries in Asia-Pacific region. The increasing demand for energy efficient motors causes the shift from standard energy efficient electric motors to premium energy efficiency motors. This shift in trend is directly contributing to revenue growth of servo drives and motors manufacturers. The servo drives and motors market is segmented as below: Servo Drives and Motors Market: by Type
Servo drives o
AC servo drives
o
DC servo drives
o
Adjustable speed
Servo motors o
AC servo motors
o
DC brushless
o
Brushed DC
o
Linear servo motors
Servo Drives and Motors Market: by Application
Automotive
Semiconductor and electronics
Material handling