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Servo Drives and Motors Market Will Register Sustained Growth at 5.6% CAGR: Transparency Market Research

By Business Wire News   


According to a recently published report by Transparency Market Research titled, “Servo Drives and Motors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, the servo drives and motor market is expected to grow at a positive 5.6% CAGR between 2014 and 2020. Back in 2013, the market was valued at US$8.38 billion and it is projected to reach a worth of US$12.44 billion by the end of 2020.

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Servo motors are very high performing electronic motors, which accurately control the movement of machines. According to the report, the increasing production of semiconductors, electronics, healthcare products, motor vehicles, and other motor driven systems are fuelling the demand for servo motors globally. Despite predictions for its positive growth over the forecast period, the global servo drives and motor market is likely to face challenge from high dependence on China for rare earth minerals. In addition, high initial cost of purchase of these motors will restrain the market growth to an extent.

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The servo drives and motors market can be segmented into servo drives and servo motors, on the basis of product types. Of these, the global market for servo drives and motors was led by servo motors in 2014. This segment accounted for US$6.09 billion that year. Geography-wise, the global servo drives and motors market is dominated by Asia Pacific. In 2014, the region accounted for US$3.74 billion and it is expected to remain the undisputed market leader over the forecast period as well.

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Some of the leading companies in the market profiled by the report are, Schneider Electric S.E, Baldor Electric Company, Mitsubishi Electric Corporation, Emerson Electric Co., Siemens AG, Rockwell Automation Inc. and others.

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About Transparency Market Research

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Transparency Market Research
Mr. Atil Chaudhari, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453


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