Market Share of Servo Motors And Drives Industry
The servo motors and drives market is fragmented with the presence of major players like Yaskawa Electric Corp., Mitsubishi Electric Corp., Siemens AG, Schneider Electric, and Rockwell Automation, Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- October 2023: Yaskawa Electric Corporation announced the expansion of the GA700 series of next-generation AC drives. The 400V-class capacity lineup has been expanded from 0.4 to 355 kW to 0.4 to 630 kW. With the addition of the high-capacity band, the GA700 can now be applied to larger general industrial machinery and equipment for a broader range of applications.
- September 2023: Mitsubishi Electric Automation Inc. announced the expansion of its MELESRVO-J5 product family to include more options for OEMs and end-users. The new generation of MR-J5 servo products includes two new servo types, HK-RT/ST, and the addition of high-speed HK-KT/ST servo motors with 3,000 rpm-rated speed.
Servo Motors And Drives Market Leaders
Yaskawa Electric Corp.
Mitsubishi Electric Corp.
Siemens AG
Schneider Electric
Rockwell Automation, Inc.
*Disclaimer: Major Players sorted in no particular order
