Fortune Business Insights Pvt Ltd announces the publication research report AC Servo Motors and Drives Market, 2023-2028. The AC Servo Motors and Drives Market size is expected to register a steady CAGR of 6.64% and is expected to reach USD 10.79 Billion billion by 2028.

Presents the clean elaborated structure of the market comprising an in-depth evaluation of this industry. The report explores components associated with the market covering the industry environment, AC Servo Motors and Drives Market size, share, segmentation analysis, and competitive landscape. According to the report, the will generate massive returns by the end of the forecast period and is expected to show an appreciable rate of growth over the coming years on an annual basis. It explains the market’s rapid development in the current and past years and its progress during the forecast period.

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The study offers a commendable brief of AC Servo Motors and Drives Market segmentation by top players/brands, regions, types, and end-user. Our team of expert researchers has obtained a complete range of information related to the market. Through advanced and reliable primary and secondary research sources, the analysts have gathered, calculated, and verified all data and findings. Further key countries expected to display significant growth prospects are included in the report. The report highlights key market dynamics, the profile of key AC Servo Motors and Drives Market players, and a comprehensive outline of the market environment in terms of sales and production for the forecast period.

Major Key Companies Covered in AC Servo Motors and Drives Market are:

  • ABB Group (Switzerland)
  • Delta Electronics, Inc. (Taiwan)
  • FANUC Corporation (Japan)
  • Fuji Electric Co., Ltd. (Japan)
  • Kollmorgen Corporation (The U.S.)
  • Mitsubishi Electric Corporation (Japan)
  • Nidec Corporation (Japan)
  • Rockwell Automation, Inc. (The U.S.)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • Yaskawa Electric Corporation (Japan)

Report Scope:

The following report presents the findings of thorough primary and secondary research, providing a comprehensive understanding of the current and future objectives of the AC Servo Motors and Drives Market. The report includes a competitive analysis of the industry, categorized by application, type, and regional trends, alongside a dashboard overview of the historical and current performance of key players. To ensure accuracy and comprehensiveness, a range of methodologies and analyses were implemented throughout the report.

Main Pointers Presented in the Report are:

  • Recent AC Servo Motors and Drives Market trends
  • Geographical dissection
  • Industry drivers
  • Market Competitors
  • Turnover predictions
  • Competitive framework
  • Key challenges
  • Market concentration rate analysis
  • Consumption growth rate

DRIVING FACTORS

Increasing Adoption of Industrial Robots to Augment Growth

As per the International Federation of Robotics, globally in 2019, about 373,240 industrial robot units valued at USD 13.8 billion were installed across several industrial applications. Out of it, 28% of robots were installed in the automotive industry and 24% in the electronics industry. The growing demand for industrial robots to speed up the industrial processes is expected to boost the demand for advanced AC servo motors and drives globally. Furthermore, the surging demand for innovative AC servo systems that provide smoother, flexible, and longer operational capability is anticipated to contribute to the global AC servo motors and drives market growth in the forthcoming years.

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Regions Covered in AC Servo Motors and Drives Market Report are: 

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and the rest of South America)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

Industry Development:

  • April 2020 – Mitsubishi Electric Corporation launched advanced MELSERVO-J5 Series of AC servo motors, amplifiers, and motion control units. The new series, according to the company, offers high flexibility, efficiency, performance, and reliability. Moreover, it is generally designed to be adopted for industrial applications such as material handling, packaging, and printing.

Key Questions Answered:

  • What are the AC Servo Motors and Drives Market trends shaping the market?
  • What are the growth opportunities in the market?
  • What are the key players operating in the market?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market share and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?

 Some Main Reasons for Purchasing This Report

  • A detailed introduction of the industry, inclusive of the progress
  • A detailed study of the top players in the market
  • A detailed survey of the with respect to the present and future AC Servo Motors and Drives Market scenario
  • Readers of this report will receive in-depth knowledge about the market
  • New ways and approaches appropriate within the advancement structure of the market.
  • It will help you to find prospective partners and suppliers.
  • It will assist and strengthen your company’s decision-making processes.

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