The servo drives market has been forecast to increase at a compound annual growth rate (CAGR) of 6% over the next five years, increasing from a volume total of around 12.2 million units at the end of 2012, to hit 17.2 million units by 2018.
According to a new report on companiesandmarkets.com, 'Servo Motor & Drives Market: 2013-2018,' Asia represents the leading region within the global industry, while Europe is not far behind in terms of unit sales. China is the leading country, with the United States and Germany close behind. These three counties account for over 31% of the global servo drives market.
In terms of servo motors product types, AC servo motors will lead the market as compared to other product types such as DC Brushed, DC Brushless products. Lighter machines, reduction in size, increased speed, and high torque represent technical growth.
A servo drive is a special electronic amplifier used to power electric servomechanisms. A servo drive monitors the feedback signal from the servomechanism and continually adjusts for deviation from expected behaviour.
Servo systems can be used in CNC machining, factory automation, and robotics, among other uses. Their main advantage over traditional DC or AC motors is the addition of motor feedback. This feedback can be used to detect unwanted motion, or to ensure the accuracy of the commanded motion. The feedback is generally provided by an encoder of some sort.
Servos, in constant speed changing use, have a better life cycle than typical AC wound motors. Servo motors can also act as a brake by shunting off generated electricity from the motor itself.
Increasing automation market, falling servo motors prices & technological improvements are the major drivers for the servo drives market. Most of the major economies such as China, the U.S. and Germany are using servo motors and drives on a high level.
Key players currently dominating the servo drives market incude Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (German), Danaher Corporation (U.S.), ABB (Switzerland), FANUC FA (Europe), Galil Motion Control (U.S.), General Electric (U.S.), and Bosch Rexroth (Germany).
For more information on the servo drives market, see the latest research: Servo Drives Market
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