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Servo drives & motors support digital transformation for connected machines
16 November 2020
New ARC Advisory Group research on the Servo Drives and Motors market reveals that in the short term, the market will grow at a slower pace due to the adverse impact of the COVID-19 pandemic. However, as industrial organisations seek automation solutions that support their energy conservation and other sustainability initiatives, the market should recover to a growth trajectory over the forecast period.
Servo drives, motors, and other modern automation components are required to support digitalisation trends. This requires integrated connectivity, memory, and processing capabilities for easy interface and data transfer between a chain of automation components.
“Servo drives and motors fulfill many market demands, such as the growing demand for smart connected products. This increases their value proposition. Servo drives and motors are being updated with new features such as security, analytics, safety, simulation, and Ethernet-based connectivity to support Industrial IoT and Industry 4.0 initiatives,” according to Rajkumar Paira, senior analyst at ARC Advisory Group and key author of ARC’s Servo Drives and Motors Global Market Research report.