Global DC Servo Motors Market Expected to Reach XX Million by 2025, Millennial Shift Towards Healthier Lifestyle Boosting The Growth
According to a new report published by Reports Monitor titled, “DC Servo Motors Market by type and by Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the DC servo motors market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the DC Servo Motors market, in terms of value, and is expected to maintain this trend throughout the forecast period.
The utility of DC servo motors in various automation fields where motors works at different speed without problem of overheating is increasing the demand of this market.
Rigorous electricity consumption policy and government initiative for adoption of energy efficient electric motors are expected to boost the market.
Easy installation and negligible maintenance cost are some of the major factors making DC servo motor market lucrative.
Rise in demand for control systems, such as information technology and computer or robots to carry out different processes and manage machineries in an automation industry, are responsible factors driving the growth of the market.
KEY FINDINGS • Brushless segment contributes higher market share as adaptation of this type is increased across different industries. • Industrial automation application of DC servo motors is contributing higher market share due to increasing sales of electric vehicles. • Asia Pacific dominates the market as growing economies are increasing industrialization In this region result in rise in demand for Dc servo market. • North America and Europe shows moderate growth rate due to rise in demand of energy efficient motors.
The major companies profiled in the report include Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Siemens AG, Rockwell Automation Inc., ABB ltd., Hitachi, Bosch Rexroth AG, Omron, Delta Electronics, Inc. and Bosch Rexroth AG.
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