Nepal Servo Motor and Drive Market (2022-2028) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

Market Forecast By By Types (Servo Motor (AC Servo MotorDC Servo Motor), Servo Drive (AC Servo DriveDC Servo Drive)), By Power Ratings (Low (400W – 5kW)Medium (5kW & Above)), By End Users (Automotive & TransportHealthcare & Pharmaceuticals, Manufacturing (Machine And Tools, CNC, TNC Etc.), PackagingTextile & PrintingOthers (Robotics, Petrochemicals, Oil & Gas, Automotive & Transportation, Semiconductor And Electronics. Etc.)) And Competitive Landscape

Product Code: ETC4377978 Publication Date: Jan 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 73 No. of Figures: 25 No. of Tables: 6

Nepal Servo Motor and Drive Market Synopsis

Nepal Servo Motor and Drive Market is witnessing a significant growth due to a growth in demand for servo motor and drive due to rising investments across sectors such as textile, pharmaceutical, agriculture and packaging, among others. However, on account of the outbreak of Covid-19 in 2020 and the subsequent lockdown imposed by the government to curtail the spread of coronavirus led to a halt in the operations of industrial activities which negatively affected the Servo Motor and Drive Market in Nepal. The market is now rising and it will continue to rise effectively in the years to come. Industrial development activities have led to an increase in productivity and exports of textile products, which will further boost the growth of the Servo and Drives Motor Market in Nepal.

Nepal Servo Motor and Drive Market

According to 6Wresearch, Nepal Servo Motor and Drive Market size is projected to grow at a CAGR of 11.1% during 2022-2028. The sector has been boosting in growth and it will continue to gain success over the forecast period owing to the rising demand for servo motor and drive in the country. Nepal Servo Motor and Drive Industry is a key part of the Asia Pacific Servo Motor and Drive Market. Nepal’s servo motor and drive market is likely to experience constant growth in the forecast period on account of Nepal government policies and increased investments in the textile, fast-moving consumer goods industry across the country. For instance, the Government of Nepal’s objective is to increase the export potential to US$ 4.3 billion in five years and contribute 26 per cent to GDP by 2030. The development of export-oriented special economic zones for textiles in Simara and Bhairahawa to assist industrial development activities has led to an increase in productivity and exports of textile products. These investments and policies are expected to have a positive impact on the servo motor and drive the market in the coming years.

The lack of skilled manpower and investments in human capital development is a major challenge for Nepal as a large number of the population lack skills for technological advancement. Furthermore, according to the labour force survey 2017-18, around 80 per cent of the labour force did not have secondary education and only 5 per cent of the working population had tertiary education.

Market by Types

Alternating current acquired higher revenue share in 2021 as they are used in a wide range of industries such as packaging, textiles, industrial production and many others. Moreover, the Nepal government is developing several garment processing zones such as Simara to promote the export of readymade garments. Due to its use in textile machinery, assembly lines, conveyor belts, and other applications, Alternating Current (AC) dominated the Nepal servo motor and drive market sales in 2021, and this trend is anticipated to continue during the forecast period.

Market by Power Rating

Low power rating dominated the Nepal servo motor and drive market revenues in 2021, and a similar trend is anticipated to continue in the upcoming years due to high-speed application in food machines, robotics, surface mount technology machines, packaging machines, conveyor belts, and others. Furthermore, growing investment in the textile and packaging sector would drive the demand for servo motors and drive the market in Nepal.

Market by End-Users

Machines and tools by end-users garner a major share in the Nepal servo moto market on the back of the robust industrial sector of the country which is backed by government initiatives such as to develop of special economic zones in each province to promote garment processing industries and enhance exports of textile. Moreover, investments from multinational companies such as Dabur- to inject USD 80 million to expand the production plant, and similar plans in the pipeline for Unilever, PepsiCo, and Carlsberg to increase their footprint rapidly in fast moving consumer goods sector market in Nepal would further boost the demand for automated machines and tools for production, which in turn is expected to reiterate a positive implication on the servo motor market of Nepal.

Nepal Servo Motor and Drive Market Revenue Share

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years Market Numbers.
  • Historical Data Starting from 2018 to 2028.
  • Base Year: 2022
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Nepal Servo Motor and Drive Market Overview
  • Nepal Servo Motor and Drive Market Outlook
  • Nepal Servo Motor and Drive Market Forecast
  • Historical data & forecast of Nepal Servo Motor and Drive Market Revenues for the Period 2018-2028F
  • Historical data & forecast of Nepal Servo Motor and Drive Market Revenues, By Types, for the Period 2018-2028F
  • Historical data & forecast of Nepal Servo Motor and Drive Market Revenues, By Power Rating, for the Period 2018-2028F
  • Historical data & forecast of Nepal Servo Motor and Drive Market Revenues, By End-Users, for the Period 2018-2028F
  • Nepal Servo Motor and Drive Market Drivers
  • Nepal Servo Motor and Drive Market Restraints
  • Nepal Servo Motor and Drive Market Trends and Industry Life Cycle
  • Nepal Servo Motor and Drive Market Covid-19 Impact Analysis
  • Nepal Servo Motor and Drive Market Price Trend Analysis
  • Market Opportunity Assessment
  • Market Competitive Landscape
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

  • Servo Motor
  • AC Servo Motor
  • DC servo Motor
  • Servo Drive
  • AC Servo Drive
  • DC servo Drive

By Power Rating

  • Low (400W – 5kW)
  • Medium (5kW & Above)

By End-Users

  • Healthcare
  • Machine & Tools (Lathe, Milling, CNC, TNC etc.)
  • Packaging
  • Textile & Printing
  • Others (Robotics, Petrochemicals, Automotive & Transportation, Semiconductor and Electronics)
Nepal Servo Motor and Drive Market: FAQs
The report covers the impact of the pandemic on the servo motor and drive market in Nepal. The outbreak of Covid-19 in 2020 and the subsequent lockdown imposed by the government to curtail the spread of coronavirus led to a halt in the operations of industrial activities which negatively affected the Servo Motor and Drive Market in Nepal.
Nepal’s servo motor and drive market is likely to experience constant growth in the forecast period on account of Nepal government policies and increased investments in the textile, fast-moving consumer goods industry across the country.
According to 6Wresearch, Nepal Servo Motor and Drive Market size is projected to grow at a CAGR of 11.1% during 2022-2028.
Low power rating dominated the Nepal servo motor and drive market revenues in 2021, and a similar trend is anticipated to continue in the upcoming years due to high-speed application in food machines, robotics, surface mount technology machines, packaging machines, conveyor belts, and others.
Machines and tools by end-users garner a major share in the Nepal servo moto market on the back of the robust industrial sector of the country which is backed by government initiatives such as to develop of special economic zones in each province to promote garment processing industries and enhance exports of textile.
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1. Executive Summary
2. Introduction
2.1 Key Highlights 
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Nepal Servo Motor and Drive Market Overview
3.1 Nepal Servo Motor and Drive Market Revenues (2018-2028F)
3.2 Nepal Servo Motor and Drive Market Industry Life Cycle
3.3 Nepal Servo Motor and Drive Market Porter’s Five Forces Model
3.4 Nepal Servo Motor and Drive Market Revenue Share, By Types (2021 & 2028F)
3.5 Nepal Servo Motor and Drive Market Revenue Share, By Power Rating (2021 & 2028F)
3.6 Nepal Servo Motor and Drive Market Revenue Share, By End-Users (2021 & 2028F)
4. Impact Analysis of COVID-19 on Nepal Servo Motor and Drive Market
5. Nepal Servo Motor and Drive Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. Nepal Servo Motor and Drive Market Trends & Evolution
7. Nepal Servo Motor and Drive Market Price Trend Analysis
8. Nepal Servo Motor and Drive Market Revenue, By Types
8.1 Nepal Servo Motor and Drive Market Revenues, By Alternating Current, 2018-2028F
8.2 Nepal Servo Motor and Drive Market Revenues, By Direct Current, 2018-2028F
9. Nepal Servo Motor and Drive Market Revenue, By Power Rating
9.1 Nepal Servo Motor and Drive Market Revenues, By Low, 2018-2028F
9.2 Nepal Servo Motor and Drive Market Revenues, By Medium, 2018-2028F
10. Nepal Servo Motor and Drive Market Revenue, By End-Users
10.1 Nepal Servo Motor and Drive Market Revenues, By Healthcare and Pharmaceutical, 2018-2028F
10.2 Nepal Servo Motor and Drive Market Revenues, By Automotive and Transportation, 2018-2028F
10.3 Nepal Servo Motor and Drive Market Revenues, By Semiconductor and Electronics, 2018-2028F
10.4 Nepal Servo Motor and Drive Market Revenues, By Machine and Tools, 2018-2028F
10.5 Nepal Servo Motor and Drive Market Revenues, By Packaging, 2018-2028F
10.6 Nepal Servo Motor and Drive Market Revenues, By Textile and Printing, 2018-2028F
10.7 Nepal Servo Motor and Drive Market Revenues, By Others, 2018-2028F
11. Nepal Servo Motor and Drive Market - Key Performance Indicators
12. Nepal Servo Motor and Drive Market – Opportunity Assessment
12.1 Nepal Servo Motor and Drive Market Opportunity Assessment, By Power Rating, 2028F
12.2 Nepal Servo Motor and Drive Market Opportunity Assessment, By End-Users, 2028F
13. Nepal Servo Motor and Drive Market - Competitive Landscape
13.1 Nepal Servo Motor and Drive Market Revenue Share, By Companies (2021)
13.2 Nepal Servo Motor and Servo Drive Market Revenue Rankings, By Power Rating, By Company
13.3 Nepal Servo Motor and Servo Drive Market, Buyer’s Strategy
13.4 Nepal Servo Motor and Servo Drive Market Competitive Analysis, By Key Buying Parameters
13.5 Nepal Servo Motor and Servo Drive Market, Suppliers Strategy
13.6 Nepal Servo Motor and Servo Drive Market Competitive Benchmarking, By Technical Parameters
13.7 Nepal Servo Motor and Servo Drive Market Competitive Benchmarking, By Operating Parameters
14. Company Profiles
14.1 Fuji Electric Co. Ltd.
14.2 Delta Electronics, Inc
14.3 Panasonic Corporation
14.4 B&R Industrial Automation GmbH
14.5 Ningbo Xingtai Technology Co., Ltd
14.6 Kollmorgen
14.7 Omron Corporation
15. Key Strategic Recommendations
16. Disclaimer
List of Figures
1: Nepal Servo Motor and Drive Market Revenues, 2018-2028F ($ Thousand)
2: Nepal Servo Motor Market Revenue Share, By Types, 2021 & 2028F
3: Nepal Servo Drive Market Revenue Share, By Types, 2021 & 2028F
4: Nepal Servo Motor and Drive Market Revenue Share, By Power Rating, 2021 & 2028F
5: Nepal Servo Motor and Drive Market Revenue Share, By End-Users, 2021 & 2028F
6: Nepal Provincial Annual Gross Value Added (at current prices) by Manufacturing Division, 2018-2020 (NPR Million)
7: Nepal Food Products Export Share to World, 2014-17 (%)
8: Nepal Manufacturing Sub Sectors by GDP Value Added in 2017
9: Nepal Export of Apparel and Clothing to World, 2015-2019 (US$)
10: Nepal Export of Textiles and Article of Textile, 2015-2020 (NPR Billion)
11: Nepal Export of Jute Goods, 2015-2020 (NPR Million)
12: Nepal Manufacturing Output, 2015-2020 ($ Billion)
13: Nepal Annual Growth Rate of GDP by Manufacturing Division, 2019 (%)
14: Nepal Annual Sales of Medicines and Drugs, 2015-2020 (Billion Rupees)
15: Nepal Pharmaceutical Industries Province Wise, 2021
16: Nepal Servo Motor and Drive Market Opportunity Assessment, By Power Rating 2028F
17: Nepal Servo Motor and Drive Market Opportunity Assessment, By End-Users 2028F
18: Nepal Servo Motor and Servo Drive Market Revenue Share, By Companies, 2021
19: Parameters Preferred by End-Users while Purchasing the Servo Motors and Drives in Nepal, 2021
20: Companies Preferred by End-Users in Nepal While Purchasing Servo Motor & Drive Based on Price
21: Companies Preferred by End-Users in Nepal While Purchasing Servo Motor & Drive Based on Quality
22: Companies Preferred by End-Users in Nepal While Purchasing Servo Motor & Drive Based on Aftersales Services
23: Companies Preferred by End-Users in Nepal While Purchasing Servo Motor & Drive Based on Availability
24: Nepal Export of Readymade Garments, FY 2016/17- FY 2020/21 (NPR Million)
25: Nepal Special Economic Zone
List of Tables
1: Nepal Servo Motor Price Trend Analysis, 2019-2022 ($)
2: Nepal Servo Drive Price Trend Analysis, 2019-2022 ($)
3: Nepal Servo Motor Market Revenues, By Types, 2018-2028F ($ Thousand)
4: Servo Drive Market Revenues, By Types, 2018-2028F ($ Thousand)
5: Nepal Servo Motor and Drive Market Revenues, By Power Rating, 2018-2028F
6: Nepal Servo Motor and Drive Market Revenues, By End-Users, 2018-2028F ($
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