TechNavio recognizes the following companies as the key players in the Global Servo Motor Market: Mitsubishi Electric Corp., Rockwell Automation Inc., Siemens AG, and Yaskawa Electric Corp.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends being witnessed in the Global Servo Motor market is the replacement of DC servo motors with AC servo motors in various applications. This is mainly because AC servo motors do not experience much wear and tear and hence require lesser maintenance. They are less expensive and more efficient than DC servo motors. Moreover, AC servo motors are ideally suited for usage in low power applications. Hence, end-users with low power applications prefer to use AC servo motors over DC servo motors.”
According to the report, one of the major drivers in this market is the increasing automation in diverse industries. The increasing automation is mainly because companies are facing pressure to reduce their manufacturing costs. Moreover, the market has become highly competitive, thereby forcing companies to increase the level of automation in their manufacturing process.
Further, the report states that one of the major challenges in this market is the high cost of servo motors as compared to stepper motors. Servo motors are priced 10-30 percent more than stepper motors. Moreover, brushless servo motors can be 50-100 percent costlier than stepper motors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-servo-motor-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Servo Motor Market 2012-2016
