A Look at the Global Servo Market

The value of the global market for servo motors and drives was $8.64 billion in 2014. With an increasing focus on automation and IIoT, estimates project the global market for servo motors and drives to increase to $12.56 billion by 2020.

While these types of projections are often optimistic and inflated, it should come as no surprise that there’s optimism around the servo market. More and more jobs are becoming automated, and motion control systems are constantly improving.

Automation is growing

Manufacturing is moving more towards automation and relying less on human workers. But it’s not just manufacturing. Everything from transportation to the service industry is becoming automated. Automation can come in the form of systems and software, but it also comes in the form of machinery.

Servo motors and drives are necessary for physical automation.

You don’t need a servo motor to automate most systems in an office; software can take care of most of that. However, if you want to automate anything that requires movement of physical objects, you generally need servos. They’re the best option for power and accuracy in motion control. Motion control relies on capable servos and drives, so it makes sense that the servo market should increase.

Not everybody needs new servo motors and drives

Some manufacturers are prematurely replacing systems to stay cutting edge. Others are adding on more machinery to help meet consumer demands. Then there are those who are using servos in their industry for the first time. There are many reasons to buy new servos.

However, you may be perfectly happy with your current servos and drives. Indramat servo motors and drives last for decades. If you’re running an Indramat system, you’re using legacy components that outlasted the company. You must take care of those components to make sure they stay in good working condition. Contact us today for any of your Indramat repair, reman, or service needs.