DUBLIN--(BUSINESS WIRE)--The "Global and China Servo System Industry Report, 2018-2022" report has been added to ResearchAndMarkets.com's offering.
Servo system, an integral part of industrial automation, has been developing steadily under the drive of Industry 4.0 over recent years. Global servo system market was estimated at USD11.83 billion in 2017, an increase of 7 percent from a year earlier, and is expected to expand at a CAGR of 5.8 percent between 2018 and 2022.
To be specific, the Chinese servo system market was worth RMB8.01 billion (approximately USD1.19 billion at an exchange rate of 1:6.7518) in 2017, representing a year-on-year rise of 15.9 percent, and is predicted to show a CAGR of 8.6 percent during 2018-2022 thanks to the policy Intelligent Manufacturing 2025.
As concerns competition, suppliers in the Chinese servo system market include Japan-based Yaskawa, Panasonic and Mitsubishi Electric, the USA-based Rockwell, Germany-based Siemens and Bosch Rexroth, France-based Schneider, Mainland China-based Inovance Technology, Taiwan-based Delta and TECO. Among them, Japanese brands enjoy the lion's share. The top three suppliers in 2017 were Yaskawa, Mitsubishi and Panasonic, with the market share of over 10% apiece. Inovance Technology, the largest local supplier of servo systems in China, seized 5.2% market share in 2017.
Key Topics Covered:
1 Overview of Servo System
2 Global Servo System Market
3 Chinese Servo System Market
4 The Market of Key Components for Servo System
5 Main Application Markets of Servo System
6 Key Servo System Vendors
- Yaskawa Electric
- Mitsubishi Electric
- Bosch Rexroth
- Schneider Electric
- TECO Electric and Machinery
- Shenzhen Inovance Technology
- Wuhan Huazhong Numerical Control Co., Ltd. (HNC)
- Estun Automation
- Shenzhen INVT Electric Co., Ltd.
- Beijing CTB Servo Co., Ltd
- Leadshine Technology Co., Ltd.
- Beijing HollySys Electric Motor Co., Ltd.
- Nanjing Suqiang Numerical Control M&E Co., Ltd.
- Zhejiang Zhongyuan Electric Co., Ltd.
- LTI Motion
- Wuxi Haihang Electric And Hydraulic Servo System Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/t9wc4s/global_and_china?w=4