$458 Million India's Servo Motors and Drives Market Report to 2027: Increasing Adoption of International Standards for Motor Efficiency Drives Growth - ResearchAndMarkets.com

The "India's Servo Motors and Drives Market (2022-2027) by Offering Type, Product Type, System Type, Voltage Type, Communication Protocol, Brake Technology Type, Material of Communication Type, and Industry Type, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

India's Servo Motors and Drives Market is estimated to be USD 353.64 Mn in 2022 and is projected to reach USD 458.05 Mn by 2027, growing at a CAGR of 5.31%.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for India's Servo Motors and Drives Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses India's Servo Motors and Drives Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of India's Servo Motors and Drives Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst competitive positioning tool.

Market Dynamics

Drivers

• Production of Vehicles Increases
• Growing Automation in Industries and Factories
• Increasing Adoption of International Standards for Motor Efficiency
• Development of User-Friendly Motion Control Libraries and Packages

Restraints

• High Cost of Capital
• Lack of Skilled Workers
• Availability of Alternative Solution

Opportunities

• Demand Increases for Encoders with Multiple Variants
• Increasing Adoption of Wireless Technologies
• Growing Smart Factories Adoption
• Government Initiatives

Challenges

• Oil Prices Volatility
• High Amount of Energy Consumption

Market Segmentation

India's Servo Motors and Drives Market is segmented based on Offering Type, Product Type, System Type, Voltage Type, Communication Protocol Type, Brake Technology Type, Material of Communication Type, and Industry Type.

• By Offering Type, the market is classified into Hardware, Software, and Services.
• By Product Type, the Servo Motors and Drives market is classified into Servo Motors and Servo Drives.
• By System Type, the Servo Motors and Drives market is classified into Linear systems and Rotary systems.
• By Voltage Type, the Servo Motors and Drives market is classified into Low Voltage, Medium Voltage, and Large Voltage.
• By Communication Protocol Type, the Servo Motors and Drives market is classified into Fieldbus, Industrial Ethernet, and Wireless.
• By Brake Technology Type, the Servo Motors and Drives market is classified into Spring, Permanent Magnet, and Others.
• By Material of Construction Type, the Servo Motors and Drives market is classified into Stainless Steel and Others.
• By Industry Type, the Servo Motors and Drives market is classified into Automotive & Transportation, Semiconductor & Electronics, Food Processing, Textile, Petrochemicals, Packaging, Pharmaceuticals & Healthcare, Printing & Paper and Others.

Companies Mentioned

• ABB Group
• ADTECH
• Altra Industrial Motion
• AMETEK
• Baumaller
• Bosch Rexroth
• Delta Electronics
• Emerson Electric Co
• FANUC
• Fuji Electric
• Hitachi
• Kinco Automation
• Lenze
• Mitsubishi Electric
• Nidec
• Omron
• Panasonic
• Parker Hannifin
• Rockwell Automation
• Sew Eurodrive
• Schneider Electric
• Siemens
• WEG
• Yaskawa Electric

For more information about this report visit https://www.researchandmarkets.com/r/xz1f1u

View source version on businesswire.com: https://www.businesswire.com/news/home/20230112005478/en/