The global AC servo motors and drives market size is expected to showcase considerable growth by reaching USD 6.91 billion by 2032 while exhibiting a CAGR of 12.00% between 2020 and 2032. This is attributable to the increasing adoption of robots and smart machines that will propel the demand for advanced AC servo motors and drives worldwide. Fortune Business Insights in its latest report, titled, “AC Servo Motors and Drives Market Size, Share and Forecast, 2020-2032.”, mentions that the market stood at USD 6.80 billion in 2019.

The AC servo system that includes AC servo motors and drives is typically a closed-loop system that utilizes position feedback to control the motion, speed, and final position of the machines. Additionally, AC servo drive is a type of electric amplifier that is primarily used to control AC servo motors.

List of the Companies Profiled in the Global Market:

• ABB Group (Switzerland)
• Delta Electronics, Inc. (Taiwan)
• FANUC Corporation (Japan)
• Fuji Electric Co., Ltd. (Japan)
• Kollmorgen Corporation (The U.S.)
• Mitsubishi Electric Corporation (Japan)
• Nidec Corporation (Japan)
• Rockwell Automation, Inc. (The U.S.)
• Schneider Electric SE (France)
• Siemens AG (Germany)
• Yaskawa Electric Corporation (Japan)

Information Source:

https://www.fortunebusinessinsights.com/ac-servo-motor-market-103513

SEGMENTATION

Low Voltage Held 45.2% AC Servo Motors and Drives Market Share in 2019