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Base Year: 2024
Companies covered: 17
Tables & Figures: 32
Countries covered: 21
Pages: 105
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AC Digital Servo Motors and Drives Market
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AC Digital Servo Motors and Drives Market Size
The global AC digital servo motors and drives market size was evaluated at USD 6.9 billion in 2024 and is estimated to observe a growth rate of 6.6% from 2025 to 2034. Increasing energy efficiency motor control systems across the industrial operations, along with increased energy consumption, further complements the industry landscape. Infrastructure development investments have increased demand for HVAC systems, which are crucial for optimizing building energy output and gaining prominence of precise motor speed control is augmenting the product demand.
The industry is expected to grow as a result of enhanced infrastructure investments and increased focus on digital transformation across the board. For example, in September 2024, the U. S. Department of Commerce, through the Economic Development Administration will invest the sum of USD 4.3 million in South Dakota which is expected to foster, manufacturing and manpower development. In this, there is set aside USD 3 5 million for a training center to be constructed in the Rosebud Sioux Reservation. The aim of these projects is to create jobs, attract private capital to the area and complement the state’s local economic growth.
AC Digital Servo Motors and Drives Market Trends
The AC digital servo motors and drives industry is anticipated to undergo considerable expansion backed by the ongoing innovations in the automation technology across industrial operations and stern standards & norms promoting environmental responsibility. Increasing adoption of smart manufacturing practices, particularly in key industrial automation areas will complement the industry landscape. Furthermore, new initiatives aimed at promoting manufacturing and processing industries globally are expected to increase the need for AC servo motors and drives. For example, in July 2024, the slide in the economic and investment plan for the western Balkans has an investment target of mobilizing USD 1.3 billion. This effort has the potential to help various areas such as water resources, transportation, and green technology for small and medium enterprises in the region.
Technological advancements in device miniaturization along with the growing demand for electric and hybrid vehicles across the globe will also drive industry growth. Further, the trend of industrialization in developing countries and the growing need for precise control of motors for a range of industrial uses will become stimulators of the business dynamics.
AC Digital Servo Motors and Drives Market Analysis
Metal cutting & forming segment is anticipated to grow over USD 1.9 billion by 2034, driven by rising demand for lightweight, high-strength metals from aerospace and automotive industries and increased industrial investment. The integration of these units in advanced manufacturing techniques to enable precise metal shaping and cutting ensuring accurate measurements will fuel the product demand. Manufacturers are improving production quality, shortening manufacturing cycles and reducing risks associated with metal cutting processes to introduce enhanced technologies, positively influencing the business dynamics.
The U.S. AC digital servo motors and drives market is set to cross USD 2.6 billion by 2034. Rising demand for precise motor control units for various industrial operations and increasing adoption of automation across several manufacturing processes will complement the business landscape. On account of the rising energy demands alongside the strict energy efficiency and security measures put in place, the industry outlook is in a favorable state. For instance, in a recent progress report, the U.S. DoE announced sponsorship of 16 cross-sector technologies projects. With an investment of USD 38 million, the focus of various projects is on developing, demonstrating, and implementing emission-reducing technologies in diverse industrial subsectors. Moreover, investments in manufacturing, process industries, to enhance productivity, contributing to the industry growth.
AC Digital Servo Motors and Drives Market Share
The AC digital servo motors and drives industry is led by several prominent companies, including ABB, Fuji Electric, Mitsubishi Electric, Siemens, Rockwell Automation, and Yaskawa. These manufacturers are on the higher side of competition and possess a sizeable share in the market, so they develop different tactics to fortify and extend their position. Various strategies usually include mergers and collaborations and such partnerships to their market presence. Additionally, these players also aims to invest in new and different products alongside increasing their manufacturing capacity for such products which in turn benefits the progress and growth of the AC servo motors and drives industry.
AC Digital Servo Motors and Drives Market Companies
Major players actively participating across the market consist of:
AC Digital Servo Motors and Drives Industry News
AC digital servo motors and drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” and “'USD Million” from 2021 to 2034 for the following segments:
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Market, By Application
The above information has been provided for the following regions and countries: