Summary

A single-phase servo drive is an electronic device that controls the speed and position of a motor in a single-phase power system. It is commonly used in applications where precise control and positioning are required, such as industrial automation, robotics, and CNC machines.
The global Single-phase Servo Drive market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The US & Canada market for Single-phase Servo Drive is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The China market for Single-phase Servo Drive is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The Europe market for Single-phase Servo Drive is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The global key manufacturers of Single-phase Servo Drive include Omron, Schneider Electric, Rockwell Automation, ABB, Servotronix Motion Control, Tolomatic, YASKAWA, Bonfiglioli and CMZ, etc. In 2023, the global top five players had a share approximately % in terms of revenue.
In terms of production side, this report researches the Single-phase Servo Drive production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.
In terms of consumption side, this report focuses on the sales of Single-phase Servo Drive by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.

Report Covers:
This report presents an overview of global market for Single-phase Servo Drive, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Single-phase Servo Drive, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Single-phase Servo Drive, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Single-phase Servo Drive sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Single-phase Servo Drive market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Single-phase Servo Drive sales, projected growth trends, production technology, application and end-user industry.

Market Segmentation
By Company
Omron
Schneider Electric
Rockwell Automation
ABB
Servotronix Motion Control
Tolomatic
YASKAWA
Bonfiglioli
CMZ
VEICHI Electric
Shenzhen Janson Controls Technologies
Panasonic
Nidec
Parker Hannifin
Siemens
Beijer Electronics
AMKmotion
Delta Electronics
Omron
Schneider Electric
Segment by Type
Small Servo
Medium Servo
Large Servo
Segment by Application
CNC Machining
Factory Automation
Robotics
Production by Region
North America
Europe
China
Japan
Sales by Region
US & Canada
U.S.
Canada
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries

Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Single-phase Servo Drive production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Single-phase Servo Drive in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Single-phase Servo Drive manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Single-phase Servo Drive sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 15: The main points and conclusions of the report.

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Table of Contents

1 Study Coverage
1.1 Single-phase Servo Drive Product Introduction
1.2 Market by Type
1.2.1 Global Single-phase Servo Drive Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Small Servo
1.2.3 Medium Servo
1.2.4 Large Servo
1.3 Market by Application
1.3.1 Global Single-phase Servo Drive Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 CNC Machining
1.3.3 Factory Automation
1.3.4 Robotics
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Single-phase Servo Drive Production
2.1 Global Single-phase Servo Drive Production Capacity (2019-2030)
2.2 Global Single-phase Servo Drive Production by Region: 2019 VS 2023 VS 2030
2.3 Global Single-phase Servo Drive Production by Region
2.3.1 Global Single-phase Servo Drive Historic Production by Region (2019-2024)
2.3.2 Global Single-phase Servo Drive Forecasted Production by Region (2025-2030)
2.3.3 Global Single-phase Servo Drive Production Market Share by Region (2019-2030)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Executive Summary
3.1 Global Single-phase Servo Drive Revenue Estimates and Forecasts 2019-2030
3.2 Global Single-phase Servo Drive Revenue by Region
3.2.1 Global Single-phase Servo Drive Revenue by Region: 2019 VS 2023 VS 2030
3.2.2 Global Single-phase Servo Drive Revenue by Region (2019-2024)
3.2.3 Global Single-phase Servo Drive Revenue by Region (2025-2030)
3.2.4 Global Single-phase Servo Drive Revenue Market Share by Region (2019-2030)
3.3 Global Single-phase Servo Drive Sales Estimates and Forecasts 2019-2030
3.4 Global Single-phase Servo Drive Sales by Region
3.4.1 Global Single-phase Servo Drive Sales by Region: 2019 VS 2023 VS 2030
3.4.2 Global Single-phase Servo Drive Sales by Region (2019-2024)
3.4.3 Global Single-phase Servo Drive Sales by Region (2025-2030)
3.4.4 Global Single-phase Servo Drive Sales Market Share by Region (2019-2030)
3.5 US & Canada
3.6 Europe
3.7 China
3.8 Asia (excluding China)
3.9 Middle East, Africa and Latin America
4 Competition by Manufactures
4.1 Global Single-phase Servo Drive Sales by Manufacturers
4.1.1 Global Single-phase Servo Drive Sales by Manufacturers (2019-2024)
4.1.2 Global Single-phase Servo Drive Sales Market Share by Manufacturers (2019-2024)
4.1.3 Global Top 10 and Top 5 Largest Manufacturers of Single-phase Servo Drive in 2023
4.2 Global Single-phase Servo Drive Revenue by Manufacturers
4.2.1 Global Single-phase Servo Drive Revenue by Manufacturers (2019-2024)
4.2.2 Global Single-phase Servo Drive Revenue Market Share by Manufacturers (2019-2024)
4.2.3 Global Top 10 and Top 5 Companies by Single-phase Servo Drive Revenue in 2023
4.3 Global Single-phase Servo Drive Sales Price by Manufacturers
4.4 Global Key Players of Single-phase Servo Drive, Industry Ranking, 2022 VS 2023 VS 2024
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Single-phase Servo Drive Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.6 Global Key Manufacturers of Single-phase Servo Drive, Manufacturing Base Distribution and Headquarters
4.7 Global Key Manufacturers of Single-phase Servo Drive, Product Offered and Application
4.8 Global Key Manufacturers of Single-phase Servo Drive, Date of Enter into This Industry
4.9 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Single-phase Servo Drive Sales by Type
5.1.1 Global Single-phase Servo Drive Historical Sales by Type (2019-2024)
5.1.2 Global Single-phase Servo Drive Forecasted Sales by Type (2025-2030)
5.1.3 Global Single-phase Servo Drive Sales Market Share by Type (2019-2030)
5.2 Global Single-phase Servo Drive Revenue by Type
5.2.1 Global Single-phase Servo Drive Historical Revenue by Type (2019-2024)
5.2.2 Global Single-phase Servo Drive Forecasted Revenue by Type (2025-2030)
5.2.3 Global Single-phase Servo Drive Revenue Market Share by Type (2019-2030)
5.3 Global Single-phase Servo Drive Price by Type
5.3.1 Global Single-phase Servo Drive Price by Type (2019-2024)
5.3.2 Global Single-phase Servo Drive Price Forecast by Type (2025-2030)
6 Market Size by Application
6.1 Global Single-phase Servo Drive Sales by Application
6.1.1 Global Single-phase Servo Drive Historical Sales by Application (2019-2024)
6.1.2 Global Single-phase Servo Drive Forecasted Sales by Application (2025-2030)
6.1.3 Global Single-phase Servo Drive Sales Market Share by Application (2019-2030)
6.2 Global Single-phase Servo Drive Revenue by Application
6.2.1 Global Single-phase Servo Drive Historical Revenue by Application (2019-2024)
6.2.2 Global Single-phase Servo Drive Forecasted Revenue by Application (2025-2030)
6.2.3 Global Single-phase Servo Drive Revenue Market Share by Application (2019-2030)
6.3 Global Single-phase Servo Drive Price by Application
6.3.1 Global Single-phase Servo Drive Price by Application (2019-2024)
6.3.2 Global Single-phase Servo Drive Price Forecast by Application (2025-2030)
7 US & Canada
7.1 US & Canada Single-phase Servo Drive Market Size by Type
7.1.1 US & Canada Single-phase Servo Drive Sales by Type (2019-2030)
7.1.2 US & Canada Single-phase Servo Drive Revenue by Type (2019-2030)
7.2 US & Canada Single-phase Servo Drive Market Size by Application
7.2.1 US & Canada Single-phase Servo Drive Sales by Application (2019-2030)
7.2.2 US & Canada Single-phase Servo Drive Revenue by Application (2019-2030)
7.3 US & Canada Single-phase Servo Drive Sales by Country
7.3.1 US & Canada Single-phase Servo Drive Revenue by Country: 2019 VS 2023 VS 2030
7.3.2 US & Canada Single-phase Servo Drive Sales by Country (2019-2030)
7.3.3 US & Canada Single-phase Servo Drive Revenue by Country (2019-2030)
7.3.4 United States
7.3.5 Canada
8 Europe
8.1 Europe Single-phase Servo Drive Market Size by Type
8.1.1 Europe Single-phase Servo Drive Sales by Type (2019-2030)
8.1.2 Europe Single-phase Servo Drive Revenue by Type (2019-2030)
8.2 Europe Single-phase Servo Drive Market Size by Application
8.2.1 Europe Single-phase Servo Drive Sales by Application (2019-2030)
8.2.2 Europe Single-phase Servo Drive Revenue by Application (2019-2030)
8.3 Europe Single-phase Servo Drive Sales by Country
8.3.1 Europe Single-phase Servo Drive Revenue by Country: 2019 VS 2023 VS 2030
8.3.2 Europe Single-phase Servo Drive Sales by Country (2019-2030)
8.3.3 Europe Single-phase Servo Drive Revenue by Country (2019-2030)
8.3.4 Germany
8.3.5 France
8.3.6 U.K.
8.3.7 Italy
8.3.8 Russia
9 China
9.1 China Single-phase Servo Drive Market Size by Type
9.1.1 China Single-phase Servo Drive Sales by Type (2019-2030)
9.1.2 China Single-phase Servo Drive Revenue by Type (2019-2030)
9.2 China Single-phase Servo Drive Market Size by Application
9.2.1 China Single-phase Servo Drive Sales by Application (2019-2030)
9.2.2 China Single-phase Servo Drive Revenue by Application (2019-2030)
10 Asia (excluding China)
10.1 Asia Single-phase Servo Drive Market Size by Type
10.1.1 Asia Single-phase Servo Drive Sales by Type (2019-2030)
10.1.2 Asia Single-phase Servo Drive Revenue by Type (2019-2030)
10.2 Asia Single-phase Servo Drive Market Size by Application
10.2.1 Asia Single-phase Servo Drive Sales by Application (2019-2030)
10.2.2 Asia Single-phase Servo Drive Revenue by Application (2019-2030)
10.3 Asia Single-phase Servo Drive Sales by Region
10.3.1 Asia Single-phase Servo Drive Revenue by Region: 2019 VS 2023 VS 2030
10.3.2 Asia Single-phase Servo Drive Revenue by Region (2019-2030)
10.3.3 Asia Single-phase Servo Drive Sales by Region (2019-2030)
10.3.4 Japan
10.3.5 South Korea
10.3.6 China Taiwan
10.3.7 Southeast Asia
10.3.8 India
11 Middle East, Africa and Latin America
11.1 Middle East, Africa and Latin America Single-phase Servo Drive Market Size by Type
11.1.1 Middle East, Africa and Latin America Single-phase Servo Drive Sales by Type (2019-2030)
11.1.2 Middle East, Africa and Latin America Single-phase Servo Drive Revenue by Type (2019-2030)
11.2 Middle East, Africa and Latin America Single-phase Servo Drive Market Size by Application
11.2.1 Middle East, Africa and Latin America Single-phase Servo Drive Sales by Application (2019-2030)
11.2.2 Middle East, Africa and Latin America Single-phase Servo Drive Revenue by Application (2019-2030)
11.3 Middle East, Africa and Latin America Single-phase Servo Drive Sales by Country
11.3.1 Middle East, Africa and Latin America Single-phase Servo Drive Revenue by Country: 2019 VS 2023 VS 2030
11.3.2 Middle East, Africa and Latin America Single-phase Servo Drive Revenue by Country (2019-2030)
11.3.3 Middle East, Africa and Latin America Single-phase Servo Drive Sales by Country (2019-2030)
11.3.4 Brazil
11.3.5 Mexico
11.3.6 Turkey
11.3.7 Israel
11.3.8 GCC Countries
12 Corporate Profiles
12.1 Omron
12.1.1 Omron Company Information
12.1.2 Omron Overview
12.1.3 Omron Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.1.4 Omron Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 Omron Recent Developments
12.2 Schneider Electric
12.2.1 Schneider Electric Company Information
12.2.2 Schneider Electric Overview
12.2.3 Schneider Electric Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.2.4 Schneider Electric Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 Schneider Electric Recent Developments
12.3 Rockwell Automation
12.3.1 Rockwell Automation Company Information
12.3.2 Rockwell Automation Overview
12.3.3 Rockwell Automation Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.3.4 Rockwell Automation Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 Rockwell Automation Recent Developments
12.4 ABB
12.4.1 ABB Company Information
12.4.2 ABB Overview
12.4.3 ABB Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.4.4 ABB Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 ABB Recent Developments
12.5 Servotronix Motion Control
12.5.1 Servotronix Motion Control Company Information
12.5.2 Servotronix Motion Control Overview
12.5.3 Servotronix Motion Control Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.5.4 Servotronix Motion Control Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Servotronix Motion Control Recent Developments
12.6 Tolomatic
12.6.1 Tolomatic Company Information
12.6.2 Tolomatic Overview
12.6.3 Tolomatic Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.6.4 Tolomatic Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Tolomatic Recent Developments
12.7 YASKAWA
12.7.1 YASKAWA Company Information
12.7.2 YASKAWA Overview
12.7.3 YASKAWA Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.7.4 YASKAWA Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 YASKAWA Recent Developments
12.8 Bonfiglioli
12.8.1 Bonfiglioli Company Information
12.8.2 Bonfiglioli Overview
12.8.3 Bonfiglioli Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.8.4 Bonfiglioli Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 Bonfiglioli Recent Developments
12.9 CMZ
12.9.1 CMZ Company Information
12.9.2 CMZ Overview
12.9.3 CMZ Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.9.4 CMZ Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 CMZ Recent Developments
12.10 VEICHI Electric
12.10.1 VEICHI Electric Company Information
12.10.2 VEICHI Electric Overview
12.10.3 VEICHI Electric Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.10.4 VEICHI Electric Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.10.5 VEICHI Electric Recent Developments
12.11 Shenzhen Janson Controls Technologies
12.11.1 Shenzhen Janson Controls Technologies Company Information
12.11.2 Shenzhen Janson Controls Technologies Overview
12.11.3 Shenzhen Janson Controls Technologies Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.11.4 Shenzhen Janson Controls Technologies Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.11.5 Shenzhen Janson Controls Technologies Recent Developments
12.12 Panasonic
12.12.1 Panasonic Company Information
12.12.2 Panasonic Overview
12.12.3 Panasonic Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.12.4 Panasonic Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.12.5 Panasonic Recent Developments
12.13 Nidec
12.13.1 Nidec Company Information
12.13.2 Nidec Overview
12.13.3 Nidec Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.13.4 Nidec Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.13.5 Nidec Recent Developments
12.14 Parker Hannifin
12.14.1 Parker Hannifin Company Information
12.14.2 Parker Hannifin Overview
12.14.3 Parker Hannifin Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.14.4 Parker Hannifin Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.14.5 Parker Hannifin Recent Developments
12.15 Siemens
12.15.1 Siemens Company Information
12.15.2 Siemens Overview
12.15.3 Siemens Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.15.4 Siemens Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.15.5 Siemens Recent Developments
12.16 Beijer Electronics
12.16.1 Beijer Electronics Company Information
12.16.2 Beijer Electronics Overview
12.16.3 Beijer Electronics Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.16.4 Beijer Electronics Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.16.5 Beijer Electronics Recent Developments
12.17 AMKmotion
12.17.1 AMKmotion Company Information
12.17.2 AMKmotion Overview
12.17.3 AMKmotion Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.17.4 AMKmotion Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.17.5 AMKmotion Recent Developments
12.18 Delta Electronics
12.18.1 Delta Electronics Company Information
12.18.2 Delta Electronics Overview
12.18.3 Delta Electronics Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.18.4 Delta Electronics Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.18.5 Delta Electronics Recent Developments
12.19 Omron
12.19.1 Omron Company Information
12.19.2 Omron Overview
12.19.3 Omron Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.19.4 Omron Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.19.5 Omron Recent Developments
12.20 Schneider Electric
12.20.1 Schneider Electric Company Information
12.20.2 Schneider Electric Overview
12.20.3 Schneider Electric Single-phase Servo Drive Sales, Price, Revenue and Gross Margin (2019-2024)
12.20.4 Schneider Electric Single-phase Servo Drive Product Model Numbers, Pictures, Descriptions and Specifications
12.20.5 Schneider Electric Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 Single-phase Servo Drive Industry Chain Analysis
13.2 Single-phase Servo Drive Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Single-phase Servo Drive Production Mode & Process
13.4 Single-phase Servo Drive Sales and Marketing
13.4.1 Single-phase Servo Drive Sales Channels
13.4.2 Single-phase Servo Drive Distributors
13.5 Single-phase Servo Drive Customers
14 Single-phase Servo Drive Market Dynamics
14.1 Single-phase Servo Drive Industry Trends
14.2 Single-phase Servo Drive Market Drivers
14.3 Single-phase Servo Drive Market Challenges
14.4 Single-phase Servo Drive Market Restraints
15 Key Finding in The Global Single-phase Servo Drive Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
16.3 Disclaimer