The Global Servo Motor Market Growth 2019-2024 is a research report available at DecisionDatabases.com.
A Servo Motor is a rotary actuator that allows for precise control of angular position. Servo motors are utilized in industrial machine tools, CNC manufacturing machines and processes, and packaging applications. Electronic Equipment utilize servo motors because of their smooth commutation and accurate positioning. The aerospace industry makes use of servo motors in their hydraulic systems to contain system hydraulic fluid.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the servo motor market to approach these areas. LPI(LP Information) analysis of the servo motor market indicated that China would account for the highest sales in 2023 with close to 26 percent of global sales value coming from this region, and other regions such as Southeast Asia has the highest growth rate. Vendors recognize the importance of this region, are working towards penetrating this market by strengthening their sales and distribution networks.
According to this study, over the next five years the Servo Motor market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 9090 million by 2024, from US$ 7230 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Servo Motor business, shared in Chapter 3.
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The key manufacturers covered in this report:
- Rexroth (Bosch)
- SANYO DENKI
- Oriental Motor
- Parker Hannifin
- LS Mecapion
- LTI Motion
Segmentation by product type:
- Less than 2KW
- More than 5KW
Segmentation by application:
- Machine Tools
- Packaging Applications
- Electronics Equipment
This report also splits the market by region:
- United States
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- To study and analyze the global Servo Motor consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Servo Motor market by identifying its various subsegments.
- Focuses on the key global Servo Motor manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Servo Motor with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Servo Motor submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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