Market Share of Global Servo Motor Industry
The market for servo motors is expected to be highly competitive over the forecast period, as market participants are increasingly focusing on new product development with a sharp focus on overcoming the processor's shortcomings. The players are also focusing on partnerships, mergers, and acquisitions to broaden their consumer base. Organizations such as ABB Ltd., Allied Motion Technologies, Inc., Ametek, Inc., General Electric Company, Nidec Corporation, Rockwell Automation Inc., Schneider Electric, Emerson Electric Company, Siemens AG, WEG Industries, Hitachi Ltd., Oriental Motor, Mitsubishi Electric Corp., Yaskawa Electric Corp. are the key performers in manufacturing servo motor globally.
- November 2021- Rockwell Automation, Inc. announced the expansion of its PowerFlex AC variable frequency drive portfolio to support a wider range of motor control applications. Customers will benefit from increased flexibility, performance, and intelligence in their next-generation drive thanks to TotalFORCE Technology.
- April 2021- By adding new servo motors, Siemens is expanding the range of applications for its Sinamics S210 single-cable servo drive system. The company is launching the Simotics S-1FS2, a motor version with a stainless-steel housing, the highest level of protection IP67/IP69, and high-resolution 22-bit absolute multiturn encoders for use in the pharmaceutical and food industries.
Servo Motor Market Leaders
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Yaskawa Electric Corporation
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ABB Ltd.
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Siemens AG
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Rockwell Automation, Inc.
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Delta Electronics, Inc.
*Disclaimer: Major Players sorted in no particular order
