What is the current Servo Drives Market size?

The Servo Drives Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029) Read More

Who are the key players in Servo Drives Market?

Danfoss, Rockwell Automation Inc., Schneider Electric, Siemens AG and ABB are the major companies operating in the Servo Drives Market. Read More

Which is the fastest growing region in Servo Drives Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Servo Drives Market?

In 2024, the Asia-Pacific accounts for the largest market share in Servo Drives Market. Read More

What years does this Servo Drives Market cover?

The report covers the Servo Drives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Servo Drives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Servo Drives Market Size & Share Analysis - Industry Research Report

Servo Drives Industry Overview

The global servo drives market is fragmented owing to players such as Danfoss, ABB, Schneider Electric, etc., that offer high-quality devices with technological advancement. The competition will likely intensify due to rising activities such as mergers and acquisitions and product launches by vendors to enhance their presence in the market.

March 2022 - ADVANCED Motion Controls has released seven new micro-sized FlexPro servo drives rated to output 60A continuous. The 60A continuous current rating is 33% higher than previous models for the same size making these their highest power-density servo drives. This offering includes PCB Mount, Machine Embedded, and Development Board form factors.
March 2021 - Yaskawa Electric Corporation announced the launch of the AC servo drives 'Σ-X Series,' the successor to the reputed 'Σ-7 Series,' to enhance customer added value with the industry's best motion performance and digital data solution.