The Servo motor refers to the engine that controls the operation of mechanical components in the servo system. It can control the speed and the position accuracy is very accurate. It can also convert the voltage signal into torque and speed to drive the control object. It is an auxiliary motor indirect speed change device.
1. Market size
In recent years, benefiting from the wide application in the downstream market, the global market size of the servo motor industry has shown a steady growth trend. With the continuous improvement of the technical level of the servo system and the continuous penetration of the downstream market, the market size of the global servo motor industry is steadily increasing. The global servo motor market scale has grown from 30.5 billion yuan in 2017 to 36.7 billion yuan in 2020, with an average annual compound growth rate of 6.36%. The market size is expected to reach 38.2 billion yuan in 2022.
2. Regional distribution
At present, the global servo motor market has formed a three-legged situation of Asia, Europe, and North America, of which Germany, Japan, Italy, and the United States are the countries with the largest application share of servo motors. Asia-Pacific servo motor demand accounted for 37% of the total, Europe accounted for 28%, and North America accounted for 24%.
3. Market structure
From the perspective of the market segment of servo motors, in the global servo motor market, AC servo motors account for the vast majority of the overall market, accounting for 65%. The proportion of DC servo motor is 35%.
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