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AC Servo System Market Overview
The global AC Servo Systems Market is
estimated to surpass $10.1 billion mark by 2026 growing at an estimated CAGR of
more than 4.6% during the forecast period 2021 to 2026. In 2020, AC motors held
major share of AC Servo Systems market share in terms of revenue owing to its
high efficiency, longevity, quietness, flexibility, versatility, and constant
speed. These features make AC servo motors favorable for varied applications
across diverse end-user industries such as industrial robots, machine tools and
others. At the end of 2019, Mitsubishi Electric Corporation had launched new
series of servo systems, the general-purpose AC servo MELSERVO J5 series (65
models). Development of advanced products of AC model drive the AC electronic
motor drives. Furthermore, increase in adoption of
DC drives for digital control system applications such as computers,
numerically controlled machines, or other applications where starts, and stops
are made quickly and accurately with growing trend for automation technology provide
opportunities for AC Servo Systems market during forecast period 2021-2026.
Report Coverage
The
report: “AC Servo Systems Market–
Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the
following segments of the AC Servo Systems Market.
By Motor Type: Servo Motors, Servo Drives.
By Components: Sensors, Controller Modules, Encoders, Electronic
Amplifiers, Control System and Others.
By Voltage: Low, Medium, High.
By End Use Industry: Automotive, Semiconductor, Food Processing, Textile,
Petrochemicals, Pharma and Healthcare, Packaging, Printing and Paper.
By Geography : North America (U.S, Canada, Mexico), Europe (Germany,
UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia
and Others), South America(Brazil, Argentina and others), and RoW (Middle East
and Africa).
Key Takeaways
- DC Drives is witnessing the fastest growth rate owing to increase in investments in the development of DC servo motors as these motors offer high output power relative to motor size and weight.
- The increased investments for the production of the electric vehicles is further impacting on production plants which require servo motors for the automation in the plants thereby boosting the market growth.
- Robotics sector is witnessing the fastest growth
rate owing to increasing investments in adoption of automation technology such
as advanced machine tools and industrial robots with the advent of industry 4.0
in industrial sector is poised to provide opportunities.
AC Servo System Market, By region, 2020 (%)
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AC Servo System Market Segment Analysis - By Motor Type
In AC Servo Systems market, Low Voltage Servo motors held the largest
share and is growing at 5.8% through the forecast period. Low Voltage Servo
Motor is designed to run with a low voltage power supply. It is resistant to
stress factors such as high temperatures, shocks and vibrations. Low voltage
servo motor features low rotor inertia, high torque density, high peak torque,
low noise, low temperature rise, lower current usage. Low-voltage servo drive
is used for servo motion applications. In the case of stepper motors, the
control is performed by means of a closed loop switch with no step loss.
In November 2019, Siemens introduced the Simatic
Micro F-TM servo motor. The new drive has an extra low voltage safety range of
24 to 48 volts and offers complex and precise positioning. The servo drive
system can be used for positioning activities, automatic guided vehicle (AGVS)
systems and processing machines. In March 2019, Groschopp launched the
low-voltage-servo-motor EGK80-40 with integrated controller which is an
expansion of the 'Black Panther'-series. The low-voltage servo-motor of the
'Black Panther' series, built by Groschopp, is characterized by its extreme
high power density, precise positioning and high energy efficiency.
AC Servo System Market Segment Analysis - By End Use Industry
Automotive sector is major segment that uses AC Servo Systems and is
estimated to grow at a CAGR of 3.7% during the forecast period 2021-2026. Servo
motors are small in size but pack a big punch and are very energy-efficient.
These features allow them to be used to operate remote-controlled or
radio-controlled toy cars, industrial robots, machine tools and airplanes. They
are also used for material handling systems in the Logistics and warehousing
industry. The material handling systems includes conveyors, ASRS systems,
cranes, hoists, AGVs and others. The Servo Motors are used in traction, blower
and other applications in the railways. Besides the significant rise in the
railway expansions owing to the environmental issues is significantly impacting
on the increasing procurement of the motors thereby boosting the growth rate of
the market during the forecast period 2021-2026.
AC Servo System Market Segment Analysis - By Geography
APAC holds the major market share of 36.5% for the
global AC Servo Systems market. Owing to the increased developments in various
sectors such as automotive, industrial and many other industries in the
countries such as China, India and so on is further boosting the global AC
Servo Systems market. Moreover the rising demand for medium voltage servo
motors from the mining, power generation, metal, and so on is elevating the
global AC Servo Systems market during the forecast period 2021-2026. Moreover
the higher penetration of industrial robotics and machine tools in the
manufacturing sector and the high usage of servo motors in the robotic
technology owing to their stability and efficiency is further boosting the
global AC Servo Systems market.
AC Servo
System Market Drivers
Rising Automation Trends
The rapid deployment of advanced automation technology in industries such
as automotive, healthcare, packaging and other industries drive the AC Servo
Systems market in India. Servo motors are used across various automation
sectors specifically where the motor must be able to operate at a range of
speeds without overheating, operate at zero speed while being able to retain
its load in a set position, and operate at low speeds. Furthermore, increasing
adoption of international high efficiency standards of motors assist the growth
of the market. With the growing number of manufacturing industries in India,
there has been high demand for the adoption of robotics. This has resulted in
the deployment of AC Servo Systems across industrial verticals as robots
utilize servo motors due to their smooth commutation and accurate positioning. As
the technology of microprocessor unit becomes more advanced, the development
and cost effectivity of permanent magnet manufacturing technology of servo
motors is improved continuously. Therefore, adoption of AC servo motors has
become the basic techniques for accomplishing automation control technology in
current industry field.
Rising Automotive Applications
In automotive industry, AC Servo Systems can
be used in control systems such as fuel injection systems, anti-lock braking
systems, and pedal systems in order to control vehicle speed. Motion control
systems having servo mechanisms also find use in manufacturing processes, such
as auto body painting, vehicle assembling, material handling, automated guided
vehicle (AGV) chassis marriage systems, and assembly presses. AC Servo Systems
are central to various reforms that are aimed at enhancing the speed, accuracy,
and productivity of manufacturing in the transportation industry. Servo systems
improve the logistics and supply chain processes through their use in robotics
and various control systems, thereby, driving their demand in transportation
industry. The implementation of robotics, artificial intelligence and
connectivity are also penetrating the automotive industry. Moreover, the need
for low-cost automation, reduce manufacturing downtime, and improve efficiency
and productivity of supply chains will drive the demand of India AC Servo
Systems market growth
AC Servo
System Market Challenges
High Initial Investment and Lack of Skilled Workforce
The high cost and initial investment for the AC
Servo Systems is a major problem that hinders the market growth. Furthermore,
it requires skilled workforce to operate the automated parts of machines and
regular maintenance of the technical equipment and results in increased cost of
AC Servo Systems. Training the workforce with the skills required for the
factory automation is a strategic concern in the growth and development
outlooks of this sector. Industry goliaths have acknowledged the need of
employee training to meet the challenges of sustainable and balanced growth in
all the automation driven sectors. The automation wave is accelerating the
miniaturization of technology and pace of integrating industrial applications
with electronics. With the continual introduction of new techniques and
industrial technology required expertise and competencies are evolving, as the
percentage of knowledge content in production processes and operations is
rising. A major challenge to the automated factories is to enhance the
receptiveness of education and training systems to these fluctuations in skill
requirements and to enhance the access to training and skills development. Ultimately,
the growth of servo motors, drives, inverters and controllers market depend on
the deployment rate of robots, conveyors and others across various end user industries
that enable automation. However, with the increase in initial costs of parts, AC
Servo Systems manufacturing companies are taking appropriate steps in order to
minimize the initial investment. This may provide opportunities for the AC
Servo Systems market.
AC Servo System Market Landscape
Product launches, acquisitions, and R&D activities are
key strategies adopted by players in the AC Servo Systems Market. Yaskawa, Schneider, Rockwell, Siemens, Omron,
Panasonic, Delta, ABB, Fuji, B&R and others are considered to be the key
players of the AC Servo Systems Market.
Acquisitions/Technology Launches/Partnerships
- In December, 2020 Omron has launched new 1S series AC servo motors which is motion safety. This ensures machine operator safety, shortens commissioning time and minimizes machine downtime and production losses.
- In April 2020 Bartell Machinery Systems joins Rockwell Automation OEM program. The collaboration may help among members helps to streamline customer's supply chain, simplify project implementation and provide the better value for automation investments.
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1. AC Servo Systems Market Overview
1.1 Definitions and Scope
2. AC Servo Systems Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By End User Industry
2.3 Key trends segmented by Geography
3. AC Servo Systems Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. AC Servo Systems Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. AC Servo Systems Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. AC Servo Systems Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. AC Servo Systems Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. AC Servo Systems Market – By End Use Industry (Market Size -$Million/Billion)
8.1 Automotive
8.2 Semiconductor
8.3 Food and Beverage
8.4 Textile
8.5 Pharma and Healthcare
8.6 Petrochemicals
8.7 Packaging
8.8 Printing and Paper
8.9 Others
9. AC Servo Systems Market – By Component (Market Size -$Million/Billion)
9.1 Sensors
9.2 Controller Modules
9.3 Encoders
9.4 Electronic Amplifiers
9.5 Control Systems
9.6 others
10. AC Servo Systems Market – By Motor Type (Market Size -$Million/Billion)
10.1 Servo Drives
10.2 Servo Motors
11. AC Servo Systems Market – By Voltage (Market Size -$Million/Billion)
11.1 Low
11.2 Medium High
12. AC Servo Systems Market - By Geography (Market Size -$Million/Billion)
12.1 North America
12.1.1 U.S
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 France
12.2.3 UK
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Netherlands
12.2.8 Others
12.3 APAC
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia
12.3.6 Indonesia
12.3.7 Malaysia
12.3.8 Others
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.5 Others
12.5 RoW
12.5.1 Middle East
12.5.2 Africa
13. AC Servo Systems Market - Market Entropy
13.1 New product launches
13.2 M&A's, collaborations, JVs and partnerships
14. AC Servo Systems Market – Industry Competitive Landscape (Premium)
14.1 Market Share – Global
14.2 Market Share by Region
14.3 Market Share By Motor type
15. AC Servo Systems Market – Key Company List by Country Premium (Premium)
16. AC Servo Systems Market - Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10