Global and China Servo System Industry Report, 2018-2022: Operation, Servo System Business of 23 Global Servo System and Component Manufacturers

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Jun 25, 2018, 12:15 ET

DUBLIN, June 25, 2018 /PRNewswire/ --

The "Global and China Servo System Industry Report, 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Servo system, an integral part of industrial automation, has been developing steadily under the drive of Industry 4.0 over recent years. Global servo system market was estimated at USD11.83 billion in 2017, an increase of 7 percent from a year earlier, and is expected to expand at a CAGR of 5.8 percent between 2018 and 2022.

To be specific, the Chinese servo system market was worth RMB8.01 billion (approximately USD1.19 billion at an exchange rate of 1:6.7518) in 2017, representing a year-on-year rise of 15.9 percent, and is predicted to show a CAGR of 8.6 percent during 2018-2022 thanks to the policy Intelligent Manufacturing 2025.

Product mix: the servo system is composed of servo motor, servo drive, servo encoder and controller. Among them, the servo drive and servo motor are core components, making up about 90% of the whole servo system market. The Chinese servo drive market was approximately RMB4.4 billion in 2017, up 18.2% over the previous year, with medium- and high-end product market being primarily occupied by foreign vendors. The Chinese servo motor market size reported RMB2.9 billion or so in 2017, surging by 16 percent on an annualized basis, and is expected to exceed RMB4.5 billion in 2022.

Market application: The servo system mainly finds application in the OEM market and traditional sectors like machine tool, electronic equipment manufacturing, wind power, textile machinery and packaging machinery. The demand for servo system from electronic equipment manufacturing has grown rapidly in recent years, making it the largest application area over machine tools. The market of the servo system for electronic equipment was RMB1.41 billion in 2017, up 19.2 percent on a year-on-year basis, and is anticipated to keep an AAGR of at least 15 percent from 2018 to 2022.

Meanwhile, the emerging industries like industrial robot have sprung up, creating larger demand for servo system. The market of the servo system for industrial robots in China was RMB720 million or so in 2017, jumping by 20.2 percent compared with a year ago, and is expected to approach RMB1.5 billion in 2022.

As concerns competition, suppliers in the Chinese servo system market include Japan-based Yaskawa, Panasonic and Mitsubishi Electric, the USA-based Rockwell, Germany-based Siemens and Bosch Rexroth, France-based Schneider, Mainland China-based Inovance Technology, Taiwan-based Delta and TECO. Among them, Japanese brands enjoy the lion's share. The top three suppliers in 2017 were Yaskawa, Mitsubishi and Panasonic, with the market share of over 10% apiece. Inovance Technology, the largest local supplier of servo systems in China, seized 5.2% market share in 2017.

China's servo system industry started late and is still in the stage of import substitution. Taiwanese manufacturers narrowly outperform Chinese mainland peers in production and R&D level, while hover between imported mid-range products and Chinese mainland brands by product technologies and prices. With the performance close to Japanese brands, Taiwanese brands develop faster in the low- and medium-end markets. There are a great number of manufacturers in Mainland China, but they are generally small-sized and less competitive.

The report highlights the followings:

The definition, classification and industrial chain of servo system
Development course, development trend, market size, market structure, competitive landscape, etc. of global servo systems
Development environment, market size, market structure, competitive landscape, cost structure, development trend, etc. of Chinese servo systems
Market situation, market size, major manufacturers, etc. of servo system components (servo drive, servo motor, servo encoder, controller, etc.)
Application, market size, etc. of the servo system applied markets (electronic equipment manufacturing, machine tool, wind power equipment, food machinery, packaging machinery, industrial robot, etc.)
Operation, servo system business, etc. of 23 global servo system and component manufacturers.

Key Topics Covered:

1 Overview of Servo System
1.1 Definition
1.2 Classification
1.3 Industrial Chain
1.4 Industry Barriers
1.4.1 Technology
1.4.2 Customer Service
1.4.3 Capital

2 Global Servo System Market
2.1 Overview
2.1.1 Development History
2.1.2 Development Trends
2.2 Market Size
2.3 Market Structure
2.4 Competitive Landscape

3 Chinese Servo System Market
3.1 Industry Status
3.1.1 Development Environment
3.1.2 Distribution Mode
3.1.3 Technological Level
3.2 Market Size
3.3 Market Structure
3.4 Competitive Landscape

4 The Market of Key Components for Servo System
4.1 Servo Drive Market
4.2 Servo Motor Market
4.3 Servo Encoder Market
4.4 Motion Controller Market

5 Main Application Markets of Servo System
5.1 Machine Tool
5.2 Electronics Manufacturing
5.3 Robotics
5.4 Wind Power Equipment
5.5 Others
5.5.1 Packaging Machinery
5.5.2 Textile Machinery
5.5.3 Food Machinery
5.5.4 Medical Equipment

6 Key Servo System Vendors
6.1 Panasonic
6.2 Yaskawa Electric
6.3 Mitsubishi Electric
6.4 Siemens
6.5 Bosch Rexroth
6.6 Schneider Electric
6.7 Lenze
6.8 TECO Electric and Machinery
6.9 Shenzhen Inovance Technology
6.10 Wuhan Huazhong Numerical Control Co., Ltd. (HNC)
6.11 Estun Automation
6.12 Shenzhen INVT Electric Co., Ltd.
6.13 Others
6.13.1 Keb
6.13.2 B&R
6.13.3 Delta
6.13.4 GSK
6.13.5 Beijing CTB Servo Co., Ltd
6.13.6 Leadshine Technology Co., Ltd.
6.13.7 Beijing HollySys Electric Motor Co., Ltd.
6.13.8 Nanjing Suqiang Numerical Control M&E Co., Ltd.
6.13.9 Zhejiang Zhongyuan Electric Co., Ltd.
6.13.10 LTI Motion
6.13.11 Wuxi Haihang Electric And Hydraulic Servo System Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/x6883w/global_and_china?w=5

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