Servo system, a key integral of industrial automation, can be divided into stepper servo system, DC motor servo system, and AC motor servo system. More than 70% of servo systems used now are AC motor servo systems.
Global servo system market size was USD10.46 billion in 2015, a year-on-year growth rate of 5.0%, and is expected to expand to USD11.13 billion in 2016. Europe, the world's major servo system market, boasts a market size of roughly USD3.03 billion, but will see a drop in market share due to rapidly-growing Chinese/Japanese markets.
The Chinese servo system market was valued at RMB7.36 billion in 2015, accounting for about 11.1% of the world's total and up 9.1% from a year ago. As CNC machine tool, electronic equipment, wind power equipment, and robotics, the downstream applications of servo system, are sectors under state policy support, the market is projected to grow steadily at a pace of around 10% during 2016-2020.
China started late on servo system with technology lagging far behind that in foreign countries like low machining precision and relatively short service life of bearings in servo motor. As a result, China now produces mainly mid-and low-end servo systems and virtually relies on imports for high-end products.
The Chinese servo system market is dominated by foreign brands. In 2015, seven out of top 10 brands in the Chinese market were foreign ones and the remaining three were Taiwan-based TECO Electric & Machinery and Delta and Chinese mainland Shenzhen Inovance Technology. The top three were occupied by Japanese companies with each seizing a market share of over 10%.
Key Topics Covered:
1 Overview of Servo System
2 Global Servo System Market
3 Chinese Servo System Market
4 Servo Drive Market
5 Servo Motor Market
6 Servo Encoder Market
7 Motion Controller Market
8 Main Application Markets of Servo System
9 Key Servo System Manufacturers
10 Summary and Forecast
- Beijing CTB Servo Co., Ltd
- Beijing HollySys Electric Motor Co., Ltd.
- Bosch Rexroth
- Estun Automation
- Kinco Automation (Shanghai) Co., Ltd
- LTI Motion
- Leadshine Technology Co., Ltd.
- Mitsubishi Electric
- Nanjing Suqiang Numerical Control M&E Co., Ltd.
- Schneider Electric
- Shenzhen INVT Electric Co., Ltd.
- Shenzhen Inovance Technology
- TECO Electric and Machinery
- Wuhan Huazhong Numerical Control Co., Ltd.
- Wuhan Huazhong Numerical Control Co., Ltd. (HNC)
- Yaskawa Electric
- Zhejiang Zhongyuan Electric Co., Ltd.
- Zhuhai Motion Control Motor Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/73zwmp/global_and_china
Related Topics: Industrial Automation
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-and-china-servo-system-industry-report-2016---forecasts-to-2020-for-the-1045-billion-market---research-and-markets-300318277.html
SOURCE Research and Markets