DUBLIN--(BUSINESS WIRE)--The "India Servo Motors and Drives Market (2017-2023): Forecast By Servo Motors and Drive Types, Voltage Range, Communication Protocol, Brake Type, Applications, and Competitive Landscape" report has been added to Research and Markets' offering.
India Servo Motors and Drives market is projected to grow at a CAGR of 9.2% during 2017-2023
Rising advancements in manufacturing applications coupled with increasing demand for automation solutions across the country are driving the demand for servo motors and drives in India. Further, adoption of energy-efficient standards and increasing demand for higher productivity has further fueled the market growth of servo motors and drives in the country.
In terms of market revenues, AC servo motors and drives segment captured major share of the market. Further, during the forecast period, linear servo motors segment is expected to register highest growth on account of rising implementation of straight line motion solutions across various applications.
In 2016, the Computerized Numerical Controllers (CNC) application accounted for the largest revenue share in the country, followed by motion control application. Some of the major companies in India Servo Motors and Drives market includes Panasonic, Delta Electronics, Fuji Electric, Mitsubishi Electric, ABB, Schneider Electric, Bosch Rexroth, Siemens, and Rockwell Automation.
The report provides detailed analysis of the following market segments:
By Servo Motors and Drive Types
- AC Servo Motors
- DC Brushless Motors
- Brushed DC Motors
- Linear Servo Motors
- AC Servo Drive
- DC Servo Drive
- Servo Motors
By Voltage Range
- Low Voltage
- Medium Voltage
By Communication Protocol
- Industrial Ethernet
By Brake Type
- With Brake
- Without Brake
- Machine Tools
- Cut to Length Application
- Computerized Numerical Controllers
- Motion Control
- Automated Manufacturing
- ABB India Ltd.
- Bosch Rexroth India Pvt. Ltd.
- Delta Electronics India Pvt. Ltd.
- Fuji Electric India Pvt. Ltd.
- Mitsubishi Electric India Pvt. Ltd
- Panasonic Corporation
- Rockwell Automation India Pvt. Ltd.
- Schneider Electric India Pvt. Ltd.
- Siemens India Ltd.
- Yaskawa India Pvt. Ltd
For more information about this report visit https://www.researchandmarkets.com/research/k2s9c6/india_servo