AC Servo Systems Market Size Estimated to Surpass $10.1 Billion Mark by 2026

(IT-NEWSWIRE.COM, September 24, 2021 ) 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.

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.

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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.

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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.

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.

Related Reports:

A. Servo Motors and Drives Market

https://www.industryarc.com/Report/16218/servo-motors-and-drives-market.html

B. Machine Tool Market

https://www.industryarc.com/Report/15435/machine-tool-market.html

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AC Servo Systems Market Size Estimated to Surpass $10.1 Billion Mark by 2026