New ARC Advisory Group research on the Servo Drives and Motors market reveals that in the short term, the market will grow at a slower pace due to the adverse impact of the COVID-19 pandemic. However, as industrial organizations seek automation solutions that support their energy conservation and other sustainability initiatives, the market should recover to a growth trajectory over the forecast period. Servo drives, motors, and other modern automation components are required to support digitalization trends. This requires integrated connectivity, memory, and processing capabilities for easy interface and data transfer between a chain of automation components.
“Servo drives and motors fulfill many market demands, such as the growing demand for smart connected products. This increases their value proposition. Servo drives and motors are being updated with new features such as security, analytics, safety, simulation, and Ethernet-based connectivity to support Industrial IoT and Industry 4.0 initiatives,” according to Rajkumar Paira, Senior Analyst at ARC Advisory Group and key author of ARC’s Servo Drives and Motors Global Market Research report.
Leading Suppliers to the Servo Drives and Motors Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offering. In alphabetical order, these include Mitsubishi Electric, Panasonic, Siemens, and Yaskawa.
About the Servo Drives and Motors Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the servo drives and motors market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by power range, region, industry, machinery segmentations, voltage, sales channels, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.