Allied Market Research

2024

Servo Drive Market

Servo Drive Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Motor Power, by Electric Drives, by Machinery and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Electronic Systems and Devices

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Author's: | Sonia Mutreja
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Servo Drive Market Outlook - 2026

Servo drives are designed to convert electrical power into precision-controlled motion, e.g., controlled torque (torque servo), controlled speed (velocity servo), or controlled position (positioning servo). This typically requires at least three elements: the motor, feedback of some sort, and an amplifier. It can also be said that the servo drive is a special electronic amplifier used to power electric servomechanisms. Basically, servo drive receives a command signal from a control system, amplifies the signal, and transmits electric current to a servo motor to produce motion proportional to the command signal. 

Typically, the command signal represents a desired velocity, but can also represent a desired torque or position. A sensor attached to the servo motor reports the motor's actual status back to the servo drive. The servo drive then compares the actual motor status with the commanded motor status. It then alters the voltage, frequency, or pulse width to the motor to correct for any deviation from the commanded status. Servo motors are used in commercial and other industry, aerospace, and other transportation equipment, household appliances, industrial machinery, heating ventilating & cooling equipment, and motor vehicles. Servo motors serve the purpose of automation, which is the key factor that drives the servo motors market, which in turn drives the servo drive market growth. 

Furthermore, increase in adoption of international energy-efficient standards boost the growth of the servo drive market. In addition, stringent electricity utilization standards and rise in electricity prices are some of the other factors that fuel the market growth. However, high cost of servo motors is expected to hinder the growth of the servo drive market. 

Some of the major factors that drive the growth of the servo drive market include rapid growth and advancements in automation, increase in adoption of international energy-efficient standards, stringent electricity utilization standards, and rise in electricity prices. However, high cost of servo drive is expected to restrain the market growth. Further, Industrial Revolution 4.0 is anticipated to provide lucrative opportunities for the growth of the servo drive market.

The servo drive market is segmented based on type, motor power, electrical drives, machinery, end application, and region. Based on type, the market is categorized into torque servo, velocity servo, and positioning servo. On the basis of motor power, it is divided into Up to 1 kW, 1-2 kW, 2-5 kW, 5-15 kW, and >15 kW. Based on electrical drives, it is bifurcated into DC drive and AC drive. Based on machinery, it is categorized into small equipment, medium machinery, and large machinery. By end application, it is classified into commercial & other industry, aerospace & other transportation equipment, household appliances, industrial machinery, heating ventilating & cooling equipment, and motor vehicles. Based on region, the market is analyzed across Europe, Asia-Pacific, North America, and LAMEA.

The major companies profiled in the servo drive market include ABB Ltd., Siemens AG, Schneider Electric SE, Rockwell Automation, Mitsubishi Electric, GSK CNC, Toshiba International Corporation Ltd., Okuma, Parker Hannifin Co., Emerson Electric Co., and others.

KEY BENEFITS FOR STAKEHOLDERS

  • This study comprises analytical depiction of the servo drive market share with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foothold in the servo drive industry.
  • The servo drive market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market forecast is quantitatively analyzed to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Servo Drive Market Report Highlights

Aspects Details
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By Type
  • Torque Servo
  • Velocity Servo
  • Positioning Servo
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By Motor Power
  • Up to 1 kW
  • 1-2 kW
  • 2-5 kW
  • 5-15 kW
  • >15 kW
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By Electric Drives
  • DC Drive
  • AC Drive
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By Machinery
  • Small Equipment
  • Medium Machinery
  • Large Machinery
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By Application
  • Commercial and Other Industry
  • Aerospace and Other Transportation Equipment
  • Household Appliances
  • Industrial Machinery
  • Heating Ventilating and Cooling Equipment
  • Motor Vehicles
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By Region
  • North America 
  • Europe 
  • Asia-Pacific 
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Mitsubishi Electric, Okuma, Rockwell Automation, Schneider Electric SE, Parker Hannifin Co, Toshiba International Corporation Ltd, ABB Ltd, Siemens AG, Emerson Electric Co., GSK CNC

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Servo Drive Market

Global Opportunity Analysis and Industry Forecast, 2023-2032