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Home > Machinery & Equipment > Servo Motor
Servo Motor

Servo Motor Market in India, Industry Outlook and Forecast 2024-2030

A Servo Motor is a rotary actuator that allows for precise control of angular position. Servo motors are utilized in industrial machine tools, CNC ma

Report Code2679510
Publish Date2024-01-06
Pages120
CategoryMachinery & Equipment
Machinery & Equipment

Report Overview

A Servo Motor is a rotary actuator that allows for precise control of angular position. Servo motors are utilized in industrial machine tools, CNC manufacturing machines and processes, and packaging applications. Electronic Equipment utilize servo motors because of their smooth commutation and accurate positioning. The aerospace industry makes use of servo motors in their hydraulic systems to contain system hydraulic fluid.

This report contains market size and forecasts of Servo Motor in India, highlights the following information:

Sales of Servo Motor in India: Value 2019 VS 2023 VS 2030, ($ millions)

Sales of Servo Motor in India: Volume 2019 VS 2023 VS 2030, (K Units)

Sales of Servo Motor in India: Revenue Market Share by Company, 2019-2024

Sales of Servo Motor in India: Volume Market Share by Company, 2019-2024

India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Servo Motor will continue to grow rapidly in the future.

The global Servo Motor market size was valued at 729.9 million in 2023 and is forecast to a readjusted size of US$ 918.6 million by 2030, with a CAGR of 3.3% during the forecast period 2024-2030.While the India Servo Motor market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Servo Motor's global value in 2030, from % in 2023.

Our research team has surveyed the Servo Motor manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

India Servo Motor Market, By Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)

India Servo Motor Market Segment Percentages, By Type, 2023 (%)

Less than 2KW

2KW-5KW

More than 5KW

India Servo Motor Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)

India Servo Motor Market Segment Percentages, By Application, 2023 (%)

Machine Tools

Packaging Applications

Textile

Electronics Equipment

Industrial Robots

Others

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Servo Motor revenues in India market, 2019-2024 (Estimated), ($ millions)

Key companies Servo Motor sales in India market, 2019-2024 (Estimated), (K Units)

Further, the report presents profiles of competitors in the market, key players include:

Yaskawa

Mitsubishi

Fanuc

Siemens

Rockwell

ABB

Rexroth (Bosch)

Panasonic

Nidec

Delta

SANYO DENKI

Teco

Schneider

Moog

Oriental Motor

Lenze

Toshiba

Parker Hannifin

HNC

Kollmorgen

GSK

Beckhoff

Inovance

LS Mecapion

Infranor

Tamagawa

LTI Motion

Kollmorgen

market growth

Market Size Overview

USD Million

-

2026

-

2032

-

CAGR (2024-2032)
MARKET SIZE 2026
USD - MN
Million
MARKET SIZE 2032
USD - MN
Million
CAGR (2026-2032)
-
FASTEST GROWING REGION
Asia Pacific
LARGEST MARKET
Asia Pacific

Key Market Segmentation

By Purity Level
By Purity Level
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  • 5N
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By Application
By Application
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  • Display
  • Solar
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By End-User Industry
By End-User Industry
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  • Optoelectronics
  • Photovoltaics
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By Region
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Market Insights

worldmap
Asia Pacific
Asia Pacific

China, Japan, South Korea, Southeast Asia, India

North America
North America

U.S., Canada, Mexico

Europe
Europe

Germany, France, UK, Italy

South America
South America

Brazil, etc.

Middle East and Africa
Middle East and Africa

Turkey, GCC Countries, Africa, etc.

Global Perspective. Local Insight.

Our reports deliver comprehensive regional coverage to help you understand market dynamics, identify growth opportunities, and make informed decisions.

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