Servo Drives Market - Global Outlook and Forecast 2023-2028

A servo drive is a special electronic amplifier used to power electric servomechanisms. A servo drive monitors the feedback signal from the servomechanism and continually adjusts for deviation from expected behavior.
This report contains market size and forecasts of Servo Drives in global, including the following market information:
Global Servo Drives Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Servo Drives Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Servo Drives companies in 2021 (%)
The global Servo Drives market was valued at 10690 million in 2021 and is projected to reach US$ 15120 million by 2028, at a CAGR of 5.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Below 1KW Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Servo Drives include Panasonic, Yasukawa, ABB, Fanuc, Mitsubshi, Yokogawa, Okuma, Omron and Siemens, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Servo Drives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Servo Drives Market, by Power, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Servo Drives Market Segment Percentages, by Power, 2021 (%)
Below 1KW
From 1KW to 5KW
Above 5KW
Global Servo Drives Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Servo Drives Market Segment Percentages, by Application, 2021 (%)
Small Equipment
Medium Machinery
Large Machinery
Global Servo Drives Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Servo Drives Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Servo Drives revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Servo Drives revenues share in global market, 2021 (%)
Key companies Servo Drives sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Servo Drives sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Panasonic
Yasukawa
ABB
Fanuc
Mitsubshi
Yokogawa
Okuma
Omron
Siemens
Hitachi
Fuji
Toshiba
Lenze
Shinano Kenshi
Toyo
Rexroth (Bosch)
NEC
Sanyo Denki
Keyence
Tamagawa
Rockwell
Schneider
NSK
Emerson
Danaher Motion
Delta
Parker Hannifin
TECO
Inovance Technology
Oriental Motal