"Global Servo Motors and Drives Market 2016-2020" Published

Servo motors are high-performance electric motors that are specifically designed and characterized to control the precise movement of machines. They integrate accurate dimensional tolerance and advanced design methods and have high-force magnet materials. Besides, no maintenance cost and easy installation features add to its growing popularity as it also accounts for best global electricity utilization standards. In addition, there is rising demand for servo motors due to the growth in the production of healthcare products, automobiles, semiconductors, electronics, and other electric motor driven systems.
Servo motors incorporate high-force magnet materials, precise dimensional tolerance, and advanced design methods. They also offer easy installation and no maintenance cost. Rising electricity prices and stringent electricity utilization standards are driving the demand for energy efficient motors globally. Also, intensifying the production of automobiles, healthcare products, semiconductor and electronics, and other electric motor driven systems are raising the demand for servo drives and motors globally.

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Technavio's analysts forecast the global servo motors and drives market to grow at a CAGR of 5.6% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global servo motors and drives market for 2016-2020.

The market is divided into the following segments based on geography:

* Americas
* APAC
* EMEA

Technavio's report, Global Servo Motors and Drives Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

* Baldor Electric
* Siemens
* Rockwell Automation
* Mitsubishi Electric
* Yaskawa Electric

Other prominent vendors

* Beijing Leader & Harvest Electric Technologies
* Schneider Electric
* Danfoss Group
* Hitachi
* Fuji Electric Holdings
* Emerson Electric
* Toshiba

Market driver

* Technological advances in servo motors
* For a full, detailed list, view our report

Market challenge

* Low-cost Chinese products
* For a full, detailed list, view our report

Market trend

* Growing use of servo motors in medical applications
* For a full, detailed list, view our report

Key questions answered in this report

* What will the market size be in 2020 and what will the growth rate be?
* What are the key market trends?
* What is driving this market?
* What are the challenges to market growth?

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