Servo Drive Market's Annual Installation to Hit 26 Million Units by 2025, Says Global Market Insights, Inc.
SELBYVILLE, Delaware, April 8, 2020 /PRNewswire/ -- Global Servo Drive Market is set to exceed an annual installation of 26 million units by 2025, as reported in the latest study by Global Market Insights, Inc. Rising need for adoption of energy efficient codes & standards along with increasing industrialization will fuel the global industry demand.
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Massively driven by the mounting adoption of energy efficient standards in tandem with ongoing developments in automation, the global servo drive industry trends are poised to display a marked ascent during 2019-2025. Apparently, the increasing penetration of automation across myriad industry spheres encompassing oil and gas, metal cutting, and other sectors would bolster the large-scale deployment of servo amplifiers leading to the expansion of the servo drive market size.
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In addition to the transforming automation trends, the rapid industrialization across emerging economies globally, paired with the increasing investments in infrastructural developments is anticipated to render positive outlook on the business statistics during the forecast period. Also, the continuing technological advancements and implementation of monetary support programs by state governments is supplementing the market growth.
Low voltage-based servo drive market is set to achieve significant 6% CAGR between 2019 and 2025, on account of adoption of stringent energy efficiency mandates coupled with the ongoing technological innovations across the small & medium enterprises. In addition, growing adoption of low-voltage units due to their small footprint across multiple small-scale utilities and industry verticals will further augment 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 Statistics by Application, Category, Drive, Voltage, Industry Analysis Report, Regional Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019-2025" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/servo-drive-market
Elaborating on the geographical terms, the Asia Pacific servo drive market is expected to register over 5% CAGR through 2025. This regional growth is ascribed to profound factors including the expansion of electronics market across the region chiefly led by China, India, and Indonesia, and growing initiatives devised to boost the robotics and automation sector.
Germany servo drive market revenue is set to achieve lucrative CAGR through 2025. This can be accounted to the escalating demands for precise control of equipment motion combined with the altering trends towards the adoption of technologically sound equipment that possess the ability to increase the operational feasibility.
Major market players operating across the global industry comprise of Schneider Electric, Rockwell Automation, Siemens, Toshiba Corporation, Honeywell International, Emerson Electric, Bosch Rexroth, Yaskawa Electric Corporation, Estun Automation and Fuji Electric.
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Browse Related Reports:
Low Voltage Drives Market Analysis By Technology (Standard, Regenerative), System (Open Loop, Closed Loop), Power Range (Micro, Low), Capacity (<2.2 kW, 2.2-7.4 kW, 7.5-22 kW, 23-75 kW, 76-110 kW, 111-500 kW, >500 kW), Drive (AC { By Efficiency [IE1, IE2, IE3, IE4,]}, DC, Servo), By Application (Pump, Fan, Conveyor, Compressor, Extruder), End-Use (Oil & Gas, Power Generation, Food Processing, Automotive, Mining & Metals, Pulp & Paper, Textile, Marine) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 - 2025
https://www.gminsights.com/industry-analysis/low-voltage-drives-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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SOURCE Global Market Insights, Inc.
