| Product Code: ETC270625 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend for the servo drive market exhibited a growth rate of 8.25% from 2023 to 2024, with a compound annual growth rate (CAGR) of 14.99% from 2020 to 2024. This significant increase in imports can be attributed to the expanding industrial sector in Thailand, driving demand for advanced automation technologies.
The Thailand servo drive market revolves around the production and distribution of servo drives, which are essential components in automation and control systems. Servo drives are used to precisely control the movement of machinery and equipment in various industries, including manufacturing, robotics, and CNC machinery. The market growth is driven by the expansion of industries in need of precision control and automation solutions.
The Thailand Servo Drive Market has experienced significant growth in recent years, primarily driven by several key factors. One of the primary drivers is the expanding manufacturing sector in Thailand. As industries such as automotive, electronics, and machinery continue to flourish, the demand for precise and efficient motion control systems has risen substantially. Servo drives play a crucial role in these industries by providing precise control over the movement of machinery and ensuring high levels of accuracy in manufacturing processes. Additionally, the increasing adoption of automation and robotics in various industrial applications has boosted the demand for servo drives. Manufacturers are seeking to enhance productivity and reduce labor costs, driving the need for advanced motion control solutions like servo drives.
In the Thailand Servo Drive market, challenges revolve around the demand for high precision and reliability. Industries like manufacturing and automation rely on servo drives for precise control of machinery, and any malfunction can result in costly downtime. Staying current with the latest control algorithms and interface standards is vital. Moreover, maintaining compatibility with various types of motors and feedback systems can be complex. Competition in the market also necessitates cost-effective manufacturing while maintaining product quality.
The Thailand Servo Drive Market faced challenges during the pandemic as manufacturing and automation projects were delayed. However, the increasing adoption of automation in various industries, including manufacturing and healthcare, is expected to drive market growth in the post-pandemic period.
The Thailand Servo Drive market is marked by the presence of industry leaders such as Delta Electronics, Yaskawa Electric Corporation, and Mitsubishi Electric Corporation. These companies have established themselves as key players through their advanced servo drive technologies, extensive product portfolios, and a strong commitment to innovation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Servo Drive Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Servo Drive Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Servo Drive Market - Industry Life Cycle |
3.4 Thailand Servo Drive Market - Porter's Five Forces |
3.5 Thailand Servo Drive Market Revenues & Volume Share, By Drive, 2021 & 2031F |
3.6 Thailand Servo Drive Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.7 Thailand Servo Drive Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Thailand Servo Drive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrial automation in Thailand |
4.2.2 Growing demand for energy-efficient solutions |
4.2.3 Technological advancements in servo drive systems |
4.3 Market Restraints |
4.3.1 High initial investment cost |
4.3.2 Lack of skilled workforce for servicing and maintenance |
5 Thailand Servo Drive Market Trends |
6 Thailand Servo Drive Market, By Types |
6.1 Thailand Servo Drive Market, By Drive |
6.1.1 Overview and Analysis |
6.1.2 Thailand Servo Drive Market Revenues & Volume, By Drive, 2021-2031F |
6.1.3 Thailand Servo Drive Market Revenues & Volume, By AC Drive, 2021-2031F |
6.1.4 Thailand Servo Drive Market Revenues & Volume, By DC Drive, 2021-2031F |
6.2 Thailand Servo Drive Market, By Voltage |
6.2.1 Overview and Analysis |
6.2.2 Thailand Servo Drive Market Revenues & Volume, By Low (up to 1kV), 2021-2031F |
6.2.3 Thailand Servo Drive Market Revenues & Volume, By Medium (1kV-6.6kV), 2021-2031F |
6.2.4 Thailand Servo Drive Market Revenues & Volume, By High (Above 6.6kV), 2021-2031F |
6.3 Thailand Servo Drive Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Thailand Servo Drive Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 Thailand Servo Drive Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.4 Thailand Servo Drive Market Revenues & Volume, By Industrial Machinery & Equipment, 2021-2031F |
6.3.5 Thailand Servo Drive Market Revenues & Volume, By Semiconductors & Electronics, 2021-2031F |
6.3.6 Thailand Servo Drive Market Revenues & Volume, By Printing & Packaging Equipment, 2021-2031F |
6.3.7 Thailand Servo Drive Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Servo Drive Market Import-Export Trade Statistics |
7.1 Thailand Servo Drive Market Export to Major Countries |
7.2 Thailand Servo Drive Market Imports from Major Countries |
8 Thailand Servo Drive Market Key Performance Indicators |
8.1 Adoption rate of servo drive technology in key industries |
8.2 Number of new product launches in the servo drive market |
8.3 Percentage increase in energy savings achieved by using servo drive systems |
8.4 Rate of adoption of Industry 4.0 technologies in manufacturing facilities utilising servo drives |
8.5 Customer satisfaction levels with servo drive performance and reliability |
9 Thailand Servo Drive Market - Opportunity Assessment |
9.1 Thailand Servo Drive Market Opportunity Assessment, By Drive, 2021 & 2031F |
9.2 Thailand Servo Drive Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.3 Thailand Servo Drive Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Thailand Servo Drive Market - Competitive Landscape |
10.1 Thailand Servo Drive Market Revenue Share, By Companies, 2024 |
10.2 Thailand Servo Drive Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |