DUBLIN, Apr. 15, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
The analysts forecast the Global Servo Motor market to grow at a CAGR of 6.04 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing automation in industries. The Global Servo Motor market has also been witnessing the AC Servo Motors are replacing DC servo motor. However, the high price of servo motors as compared to stepper motors could pose a challenge to the growth of this market.
The report, Global Servo Motor Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Servo Motor market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the major trends being witnessed in the Global Servo Motor market is the replacement of DC servo motors with AC servo motors in various applications. This is mainly because AC servo motors do not experience much wear and tear and hence require lesser maintenance.
They are less expensive and more efficient than DC servo motors. Moreover, AC servo motors are ideally suited for usage in low power applications. Hence, end-users with low power applications prefer to use AC servo motors over DC servo motors.
According to the report, one of the major drivers in this market is the increasing automation in diverse industries. The increasing automation is mainly because companies are facing pressure to reduce their manufacturing costs. Moreover, the market has become highly competitive, thereby forcing companies to increase the level of automation in their manufacturing process.
Further, the report states that one of the major challenges in this market is the high cost of servo motors as compared to stepper motors. Servo motors are priced 10-30 percent more than stepper motors. Moreover, brushless servo motors can be 50-100 percent costlier than stepper motors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
1. Executive Summary
2. Scope of the Report
3. Market Research Methodology
4. List of Abbreviations
6. Market Landscape
7. Market Segmentation by Technology
8. Market Segmentation by Product
9. Market Segmentation by End-users
10. Geographical Segmentation
11. Key Leading Countries
12. Buying Criteria
13. Market Growth Drivers
14. Drivers and their Impact
15. Market Challenges
16. Impact of Drivers and Challenges
17. Market Trends
18. Trends and their Impact
19. Vendor Landscape
20. Key Vendor Analysis
21. Other Reports in this Series
- ABB Ltd.
- Beijing Leader
- Converteam (GE Co.)
- Danfoss Group
- Emerson Electric Co.
- Fuji Electric Holdings Co. Ltd.
- Harvest Electric Technologies Co. Ltd.
- Hiconics Drive Technologies Co. Ltd.
- Hitachi Ltd.
- Mitsubishi Electric Corp.
- Rockwell Automation Inc.
- Schneider Electric SA
- Siemens AG
- Toshiba Corp.
- Yaskawa Electric Corp
For more information visit http://www.researchandmarkets.com/research/blqfzx/global_servo
Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets