Product category:
Positioners, servo drives
News Release from: IMS Research | Subject: Chinese Servo market
Edited by the Processingtalk Editorial
Team on 11 July 2007
Chinese Servo System market to be USD1B
by 2012
Servo system (servo motor and servo drive) revenues in the Chinese market increased by an estimated 26.8% in 2006 to USD361M, and is forecast to be USD953.8 million in 2011
Servo systems account for over 80% of the total motion controls market in China by revenue As the main impetus of growth for the motion controls market, servo systems are expected to grow at a CAGR of over 20% in terms of revenue in next 5 years
This article was originally published on Processingtalk on 12 Nov 2003 at 8.00am (UK)
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In contrast, stepper systems are forecast to grow at a modest 10% CAGR in terms of revenue over the same period.
Although the servo systems market is enjoying excellent growth, the competitive environment is rapidly evolving.
The existing market framework, in which Western, Japanese and local suppliers seldom compete directly and primarily focus on a dedicated market, is changing, due to Taiwanese and Korean companies entering this market in recent years.
Local Chinese suppliers are facing more pricing pressure due to the entry of relatively low priced Taiwanese and Korean products.
Market analyst, Reggie Li commented: "Although the competitive environment of the Chinese servo systems market has changed dramatically in recent years, Chinese suppliers still have potential to increase their market shares quickly in next five years.
Chinese suppliers are getting mature both in technology and sales channel development.
Government aid through R+D funds also helps the Chinese companies to develop more advanced products which will help these companies compete on something other than price".
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