LAMEA Servo Press Market Size, Share & Industry Trends Analysis Report By Type, By Industry (Automotive, Aerospace, Electrical & Electronics and Others), By Capacity, By Country and Growth Forecast, 2021-2027

The Latin America, Middle East and Africa Servo Press Market is expected to witness market growth of 6.8% CAGR during the forecast period (2021-2027).

Servo drives can regulate torque, velocity, or position, while torque is the most often controlled metric in servo systems. Servo drives come in a variety of shapes and sizes. The torque-mode amplifier is a typical version. These transform the controller's instruction signal into a specified quantity of current for the motor. The drive is managing the amount of torque produced by the motor since current is directly related to torque. A linear drive, on the other hand, allows direct control of the motor's force output.

The advantages of using a servo press in stamping manufacturing are as follows: enhances die efficiency, energy savings, and environmental protection, as well as reduced noise and a long service life. New businesses are concentrating on joining the market, while established businesses are introducing a slew of new items to compete with established names.

When it comes to safety, a smart servo press system can incorporate front-of-line and end-of-line equipment, including stackers, decoilers, destackers, and loading and unloading automation, in addition to the press itself. In smaller applications, this equipment can be incorporated into the same controller that runs the press, or it can be interlocked and synced with the press controller through EtherNet/IP. As a result, the press controller project may use the same sophisticated safety motion instructions and profiles as the equipment at the front or end of the line.

The Brazil market dominated the LAMEA Servo Press Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $12.3 million by 2027. The Argentina market is expected to experience a CAGR of 7.3% during (2021 - 2027). Additionally, The UAE market is exhibiting a CAGR of 6.5% during (2021 - 2027).

Based on Type, the market is segmented into Screw, and Crank. Based on Industry, the market is segmented into Automotive, Aerospace, Electrical & Electronics and Others. Based on Capacity, the market is segmented into Above 500 T, 201 -500 T and Below 200 T. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Komatsu Ltd., Nidec Corporation, SIMPAC, Inc., Isgec Heavy Engineering Ltd., Hitachi Zosen Corporation, ANDRITZ Group (Schuler Group GmbH), TOX PRESSOTECHNIK GmbH & Co.KG, Japan Automatic Machine Co., Ltd., and Promess, Incorporated.

Scope of the Study

Market Segments Covered in the Report:

By Type

• Screw, and
• Crank

By Industry

• Automotive
• Aerospace
• Electrical & Electronics and
• Others

By Capacity

• Above 500 T
• 201 -500 T and
• Below 200 T

By Country: Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Key Market Players

List of Companies Profiled in the Report:

• Komatsu Ltd.
• Nidec Corporation
• SIMPAC, Inc.
• Isgec Heavy Engineering Ltd.
• Hitachi Zosen Corporation
• ANDRITZ Group (Schuler Group GmbH)
• TOX PRESSOTECHNIK GmbH & Co.KG
• Japan Automatic Machine Co., Ltd.
• Promess, Incorporated

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