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DUBLIN--(BUSINESS WIRE)--The "Servo Motors and Drives Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Servo Motors Market Report The servo motors and drives market by revenue is expected to grow at a CAGR of over 5% during the period 2021-2026. The global servo motors and drives market share is expected to grow at a significant rate owing to a large application of robotics in factories, medical facilities, and other related industries. Both servo motors and drives are expected to observe exponential growth during the forecast period. Their penetration is increasing as several industries are opting for automation and innovative applications to transform operations, according to Industry 4.0. Industrial robots are the major applications, which use servo motors and drives, thus the increased use of robotics and automation in industries is expected to drive the market growth. The following factors are likely to contribute to the growth of the servo motors and drives market during the forecast period: The study considers the present scenario of the servo motors and drives market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market. Key Questions Answered Vendor Insights Emerson, Siemens, Rockwell Automation, ABB, Mitsubishi Electric, Delt, Fuji Electric are the major players in the market. They have a strong presence in both high-end and low-end servo motor and drives segments. Also, most vendors are vertically integrated and provide end-to-end solutions to their customers. Vendors in the market are expanding their presence through partnerships, investments, and mergers and acquisitions. Several vendors are focusing on innovation in production technologies to provide a variety of products along with efficiency in the global servo motor and drive market. Prominent Vendors Other Prominent Vendors For more information about this report visit https://www.researchandmarkets.com/r/dot0pn

Answer: Global Servo Motors and Drives Market (2021 to 2026) - CAGR of over 5% Expected During the Forecast Period - ResearchAndMarkets.com