Top companies covered are ABB Group, Delta Electronics, Inc., FANUC Corporation, Fuji Electric Co., Ltd.,
Kollmorgen Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Rockwell Automation, Inc.,
Schneider Electric SE, Siemens AG, Yaskawa Electric Corporation, and more players profiled in ac servo
motors and drives market research report
AC Servo Motors and Drives Market Size, Share & COVID-19 Impact Analysis, By Product Type (Servo
Motors, Servo Drives ) By Voltage Range (Low Voltage, Medium Voltage, and High Voltage), By Phase
Type (Two-Phase and Three-Phase), By Communication Protocol (Fieldbus, Industrial Ethernet, and
Wireless), By End-Use Industry (Aerospace & Defense, Automotive and Transportation, Semiconductor
and Electronics), and Regional Forecast, 2020-2027
The global ''AC servo motors and drives market size'' was USD 6.80 billion in 2019. The global impact of
COVID-19 has been unprecedented and staggering, with the AC servo motors and drives witnessing a
positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market
exhibited a stellar growth of 1.20% in 2020.
The global AC servo motors and drives market size is expected to showcase considerable growth by reaching
USD 10.79 billion by 2027 while exhibiting a CAGR of 6.64% between 2020 and 2027. This is attributable to
the increasing adoption of robots and smart machines that will propel the demand for advanced AC servo
motors and drives worldwide. Fortune Business Insights in its latest report, titled, “AC Servo Motors and
Drives Market Size, Share & COVID-19 Impact Analysis, By Product Type (Servo Motors
(Synchronous and Induction) and Servo Drives), By Voltage Range (Low Voltage, Medium
Voltage, and High Voltage), By Phase Type (Two-Phase and Three-Phase), By Communication
Protocol (Fieldbus, Industrial Ethernet, and Wireless), By End-Use Industry (Aerospace &
Defense, Automotive and Transportation, Semiconductor and Electronics, Printing & Packaging,
Food & Beverage, C