DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Servo Motors and Drives Market - Global Forecast to 2022" report to their offering.
The servo motors and drives market size, in terms of value, is expected to grow from USD 10.26 billion in 2015 to USD 15.92 billion by 2022, at a CAGR of 6.25% between 2016 and 2022.
The demand for industrial automation would continue to grow due to the increased requirements of high product quality, paired with expectations of equally high reliability in high volume production. Servo motors and drivers are the key elements of the automation industry and provide high accuracy, efficiency with low maintenance cost which is a strong requirement of automated machines. Risk and uncertainty in the market and lack of skilled workforce and trained workers are the major restraints in the market.
With a high demand for motors worldwide, the automotive industry has been witnessing rapid changes in terms manufacturing technology, to enhance automotive production and manufacturing facilities. There is a high demand for servo drives, controllers, and motors across the globe, as they help enhance the efficiency of production and manufacturing facilities in the automotive industry. These drives, controllers, and motors are important components of motion control systems. Moreover, motion control systems find wide application in the automotive industry for precision fuel injection, auto body painting, linear and rotary solution, speed control, and assembly application.
- ABB Ltd.
- Adtech (Shenzhen) Technology Co., Ltd.
- Bosch Rexroth AG
- Delta Electronics, Inc.
- Emerson Electric Co.
- FANUC Corp.
- Kinco Automation Pvt. Ltd.
- Kollmorgen Corp.
- Mitsubishi Electric Corp.
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
- Yaskawa Electric Corp.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Servo Motors and Drives Market, By Offering
8 Servo Motors and Drives Market, By Type
9 Servo Motors and Drives Market, By Voltage Range
10 Servo Motors and Drives Market, By Material of Construction (MoC)
11 Servo Motors and Drives Market, By Communication Protocol
12 Servo Motors and Drives Market, By Industry
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/mpkxb7/servo_motors_and