SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Robot Drives - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 6473
Companies: 30 - Players covered include ABB Group; Bass-Antriebstechnik; Beijing Leader & Harvest Electric Technologies Co., Ltd.; Bosch Rexroth AG; Danfoss A/S; DENSO Robotics; Emerson Electric Co.; FANUC Corporation; Harmonic Drive, LLC; Hitachi Industrial Equipment Systems Co., Ltd.; Ingenia Motion Control; Kollmorgen Corporation; ROBOTEC ENGINEERING ALBIEZ; Robotics & Drives; Rockwell Automation, Inc.; Schneider Electric SA; Seimens AG; Yaskawa Electric Corporation and Others.
Coverage: All major geographies and key segments
Segments: Application (Material Handling, Assembly Line, Welding, Painting); Type (DC Servo Drives, AC Servo Drives)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Robot Drives Market to Reach $383.9 Million by 2026
Amid the COVID-19 crisis, the global market for Robot Drives estimated at US$258.9 Million in the year 2020, is projected to reach a revised size of US$383.9 Million by 2026, growing at a CAGR of 6.6% over the analysis period. DC Servo Drives, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$296.1 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the AC Servo Drives segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $83.2 Million in 2021, While China is Forecast to Reach $67.4 Million by 2026
The Robot Drives market in the U.S. is estimated at US$83.2 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$67.4 Million by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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