Pune, India -- (SBWIRE) -- 09/09/2016 -- The global servo motors & drives market was valued at USD 8.64 billion in 2014 and is projected to reach USD 12.56 billion by 2020, at a CAGR of 6.1% from 2015 to 2020. This report provides a detailed analysis of the servo motors & drives market on the basis of type, component, voltage range, application, and geography. The report also covers the major players operating in this market along with the strategies adopted by them.

Major players operating in the servo motors & drives market include Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Schneider Electric (France), and Rockwell Automation Inc. (U.S.). The key strategies adopted by the major players include new product developments, mergers & acquisitions, expansions, partnerships, agreements, and collaborations with other players in the servo motors & drives landscape to meet the demand of their end users.

Browse 72 tables and 80 figures spread through 156 pages and in-depth TOC on "Servo Motors and Drives Market - Global Forecast to 2020"

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Yaskawa Electric Corporation (Japan), is one of the top players of the servo motors & drives market. The company has been strongly focusing on new product launches and expansions to maintain its leading position in the market. For instance, in September 2013, Yaskawa developed high-precision motion controlled servo motor for semiconductor processing applications. The servo motor offers precision, reliability, and smoothness solution as required for semiconductor equipment processing. The company has witnessed a rapid growth over the past few decades. The company had an employee count of 11,463 people in 2014.

Mitsubishi Electric Corporation (Japan) is another major player operational in the global servo motors & drives market. The company has been focusing on new product launches and expansions. For instance, in January 2015, the company introduced sample J-Series transfer molded power semiconductor module (T-PM). The T-PM module was mainly introduced for motor drive applications for electric and hybrid vehicles. This module featured weight reduction and reduced power consumption in inverters for electric and hybrid vehicles.

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Servo motor is an efficient, accurate, and flexible motor that helps the system to work efficiently. It increases the entire system performance. It is considered to be one of the highly expensive motors when compared to stepper motors. However, in the recent times there has been a decline in prices of the components (particularly rare earth permanent magnet material) used in the manufacturing of servo motors.

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