Description
The global digital servo press market was valued at USD 976.05 Million in 2021 and is expected to reach USD 1409.83 million in 2028 with a growth rate of 5.43% during the forecast period, 2022-2028. As the automobile industry recognizes the benefits of this new technology, it is one of the key drivers of increased demand for servo presses. End-users have been forced to shift to servo presses by the evolution of high-strength steels and advanced materials and the necessity of producing parts that meet shape and tolerance requirements in the automotive and other industries, which are major factors driving the digital servo press market. Furthermore, rising expenditures in the automotive and electronics industries, fierce competition, the introduction of new products, increased spending in the general industry, the revamping of old technology, and the growing adoption of digital servo presses in developing countries are expected to propel the overall market forward.
What is Digital Servo Press?
The components of a digital servo press are the same as those of a high-end actuator. However, it does have a controller, signal amplifiers, active motor cooling, and dedicated software for open closed-loop position and force control. Depending on the model, the press’s drive and mechanism differ. Rack-and-pinion, planetary roller screw (for higher forces), and ball screw are mechanisms. A gearbox or a servomotor can be used to drive the presses directly. The servo press’s digital control enables the main slide to operate in harmony with various devices such as hydraulic, air, and servomotor-controlled cushions.
