AC Digital Servo Motors and Drives Market Analysis

AC Digital Servo Motors and Drives Market Analysis

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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.
 

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. Authorities are implementing stringent energy efficiency and security regulations along with increasing energy consumption across various sectors has positively influencing the industry outlook. For instance, the U.S. Department of Energy announced funding for 16 projects focused on cross-sector technologies. With a USD 38 million investment, these projects aim to advance research and demonstrations of technologies that can reduce emissions across various industrial subsectors. Moreover, investments in manufacturing, process industries, to enhance productivity, contributing to the industry growth.