AC Synchronous Servo Motor Market Size, Share and Analysis By Type (0 - 25 W, 26 - 100 W, 101 - 200 W, 201 - 500 W, 501 - 1000 W, 1001 - 3000 W, Above 3000 W), By Application (Material Measurement, Sealing Device, Delivery Materials, Other) and Regional Forecast, 2024-2032

A servomotor is used to precisely regulate the location, speed and acceleration rate of the motor shaft. Servo motors is of two types such as Synchronous servomotors and induction servomotors. The Synchronous electric servomotors are the AC motors uses permanent magnet to drive the rotor synchronously by the spinning field in the stator. The movement of a synchronous motor is synchronised with the applied rotating field frequency in steady state. These types of motors find its application in the industries like food and luxury goods industries, construction, automotive, packaging, and woodworking industries. AC synchronous servo motors find its applications in robotic actuators, conveyors, and material handling processes.

Advancements are happening in all types of industries and manufacturing is one of the crucial industry adopting automations and AC synchronous servo motors plays a major role in this process.  The controllers which are used with encoders giving closed loop and feedback are the backbone of this automation process. As per China’s National Bureau of Statistics data 93,794 units of industrial robots have been manufactured in the first half of 2021. The recent surge in Electric vehicle demand and the rising standard for motors internationally are contributing to AC Synchronous servo market.  Also, the government initiations for energy consumption and environmental protection are increasing the market demand.

However, owing to the accuracy, and precision the initial set up cost, maintenance and repair cost for AC synchronous servo motor are high and that is expected to hamper the market in the forecast period. These machines are incapable of starting itself when a feedback is detected and it needs a human intervention despite automations is one another concern for the market growth.

Impact of COVID-19 on the Global AC Synchronous Servo Motor Market:

The COVID-19 epidemic is limiting the supply of Synchronous Servo Motors and Drives and other control components due to major interruptions in the worldwide supply chain. Concerns about the virus's spread have had a severe impact on all supply networks and manufacturing businesses around the world and hence the demand decreased across industries like automobiles, food processing, packaging, and others.

Key Insights

The report will cover following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends and Opportunities


• Business Strategies Adopted by the Players


• Impact of COVID-19 on Global AC Synchronous Servo Motor Market


• Consolidated SWOT Analysis of Key Players

Regional Analysis

Currently, North-America has the highest market share and second highest market growth for the market. The Robotic technologies have been gaining prominence in the region.

• For instance, in March 2020, Epson Robots, a globally recognized SCARA robot manufacturer, partnered with Air Automation Engineering (AAE), a US-based automation solutions provider due to the rising demand.


• Also, in 2019, Royal Bank of Canada launched its new ‘Go Digital’ program, joining hands with Microsoft, encouraging investment for automation technologies for food manufacturing industries.

Such initiations and adoptions are driving the market growth of AC Synchronous Servo motor in this region.

Asia-Pacific has the second highest market share in the AC Synchronous servo motors market and expected to exhibit the highest CAGR throughout the forecast period. The rising industry automation trend, increasing investment in manufacturing industries, growing automobile industries in countries like India, China, Japan, and others are the expected reasons for the booming of market during the forecast period.

Europe is known for Automotive industries. Due to the applications of AC Synchronous Servo motors in EVs and in the production plants of vehicles this region is also showing positive growth in the AC Synchronous Servo motor market. The massive growth in packaging and manufacturing industries in South America and the rest of the world are also some of the growth factors for the market. For instance, the packaging industry in Brazil is expected to reach USD18 billion in 2023.

Key Players Covered

The key players covered in the study for Global AC Synchronous Servo Motor Market are Mitsubishi Electric Automation, Panasonic Electric Works Corporation of America, Reallan Technology, Teknic, TE Connectivity, MTS Inc, Wittenstein, Leroy-Somer, Bonfiglioli, PILZ, Mini Motor, and DS Motor.

Segmentation

Key Industry Developments

• In July 2021: Mini Motor acquired Elettromeccanica Garimberti, a leading manufacturer of windings for motors like gear motors, servomotors, and electric engines etc., The acquisition is a strategic move to acquire the best quality windings for the motors manufactured in the parent unit.


• In March 2019: Mitsubishi Electric Automation launched around 70 new models under two series namely MELSERVO J5 series (65 models) and the iQ-R Series Motion Control Unit (7 models). These machines are capable of supporting CC-Link IE TSN, a technology to enable multiple protocols to a single network by synchronizing time.