Published On : 10 Sep 2018
The demand within the global market for servo amplifiers has been increasing on account of the rising use of servomechanics that sends across a signal to the servo drive monitor. A servo amplifier is used to power a servomechanism, and the former is extremely useful for adjusting the deviation in the signal of the servomechanism. Some of the key industries wherein servo amplifiers are used include factory automation, robotics, and CNC machining. Due to the boisterous growth of these industries, the demand within the global market for servo amplifiers is projected to touch new heights. It is projected that the growth of several key end-use industries would also propel demand within the global market for servo amplifiers. The popularity of servo motors is another key propeller of demand within the global market for servo amplifiers. Servo motors refer to electric motors that can be connected to other machines in order to regulate the movement of the latter. Angular and linear motion, velocity, and acceleration of actuators can also be regulated with the help of servo motors. Owing to the aforementioned factors, the demand within the global market for servo amplifiers is prognosticated to touch new heights in the years to come.
This article by QY Research is an exhaustive and illustrative account of the forces operating in the global market for servo amplifiers. The geographical segments pertaining to the global servo amplifiers market have also been elucidated in the report.
1. Optimization of Electricity
The contemporary times have witnessed an upsurge in the electricity bills across multiple industrial longitudes. Hence, the quest to reduce the electricity bills has led to an increased usage energy-efficient motors which has in turn fuelled the demand for servo amplifiers. Furthermore, the obsolete and outdated servo motors are being replaced by new and advanced ones. This factor has also contributed towards the growth of the global market for servo amplifiers in recent times. However, the reluctance of manufacturers of servo motors towards the usage of servo amplifiers could hamper the growth of the global market.
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2. Geographical Analysis
In terms of regions, the market for servo amplifiers in North America has been expanding at an astral rate over the past decade. This boisterous regional growth can be attributed to the standardization of industrial processes across the US and Canada. Besides this, the growing population in India anc China is projected to aid the growth of the market for servo amplifiers in Asia Pacific.
3. Strategies of Market Players
The key players operating in the global servo amplifier market are expected to acquire the smaller market players in order to expand their geographical reach. Some of these key players are Siemens AG, Baldor Electric Company, Mitsubishi Electric Corporation, and Rockwell Automation Inc.
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