Selbyville, Delaware, July 31, 2019 (GLOBE NEWSWIRE) --

U.S. servo drive market growth driven by shifting focus toward energy efficiency coupled with efforts to reduce maintenance costs and increase productivity has compelled the manufacturers to adopt advanced technologies. In addition, enhanced focus of industries to comply with the upcoming codes and standards on energy efficiency along with the introduction of innovative systems in the automotive industry will further complement the business landscape.

Low voltage servo drive industry is anticipated to grow of over 6% by 2025. Rising focus to redevelop the infrastructure along with regulatory inclination to provide reliable solution across small scale establishments will drive the product demand. In addition, growing demand of LV units on account of their compact size and affordable cost structure will further propel the industry dynamics.

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DC servo drive market will grow on account of the widespread use of these drives in small and mid-level applications requiring low to moderate level power output. Capability of these drives to possess easy installation along with enhanced programming software will further promote the adoption of DC drives, thereby driving the industry outlook.

Global Servo Drive Market is poised to exceed USD 10 Billion by 2025, as reported in the latest study by Global Market Insights, Inc. Growing measures undertaken by regulatory authorities of respective nations to provide energy efficient equipment along with introduction of stringent equipment codes and practices will drive the servo drive market. Rising need to increase the operational efficiency, precision and throughput has increased the demand for highly tailored automation systems, thereby driving the adoption of servo drives.

Enhanced penetration of servo drives across wide area of industry verticals ranging from oil & gas industry to semiconductor machinery will boost the servo drives market. Considerable investment made toward infrastructural development along with rising industrialization and urbanization will further stimulate the industry landscape.

Browse key industry insights spread across 480 pages with 798 market data tables & 29 figures & charts from the report, “Servo Drive Market Size By Category (Digital, Analog), By Drive (AC, DC), By Voltage (Low, Medium), By Application (Oil & Gas, Metal Cutting, Metal Forming, Material Handling Equipment, Packaging and Labeling, Robotics, Rubber & Plastics Machinery, Semiconductor Machinery, Other Industries), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, Russia, Norway, Sweden, Denmark, China, Japan, India, Australia, South Korea, Thailand, Malaysia, Philippines, Indonesia, Saudi Arabia, UAE, Qatar, Jordan, Iran, South Africa, Nigeria, Egypt, Algeria, Brazil, Chile, Argentina), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019–2025” in detail along with the table of contents:

Rising demand for compact and cost-effective servo drive systems to serve the customized consumer needs will enhance the adoption of robotics servo drive market. Development of multi axis servo drives that rely on modularization & compact sharing will further enhance the business outlook.

Digital servo drive market will grow subject to the constant technological advancement along with the need to upgrade conventional analog systems. Ability to possess higher speeds, quicker & smoother output and higher torque will provide digital drives a competitive edge over their counterparts.

Notable industry participants across the servo drive market comprise of Schneider Electric, Delta Electronics, ABB, Bosch Rexroth, Estun Automation, Fuji Electric, Rockwell Automation and Hitachi amongst others. Continuous advancements to develop energy efficient equipment has been the primary focus for the industry veterans to align a competitive position in the industry.   

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