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AC Digital Servo Motors and Drives Market Trends

Report ID: GMI12183
Published Date: Nov 2024
Report Format: PDF

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AC Digital Servo Motors and Drives Market Trends

The AC digital servo motors and drives industry is projected to experience substantial growth, driven by continuous innovations in industrial automation technology and regulatory measures 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 instance, in July 2024, the European Commission's sixth investment package under the Economic and Investment Plan for Western Balkans aims to mobilize USD 1.3 billion. This initiative supports various sectors, including water management, transportation, and green innovation for SMEs in the region.

Rising need for highly efficient motor control systems across multiple industries and the growth of the automotive sector, contributing to the industry growth. Moreover, the ongoing industrialization in emerging economies and the increasing requirement for precise motor control in various industrial applications will positively influence the business dynamics.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The global market size for AC digital servo motors and drives was valued at USD 6.9 billion in 2024 and is expected to reach USD 13.3 billion by 2034, driven by a CAGR of 6.6% from 2025 to 2034.

AC digital servo motors and drives industry from metal cutting & forming segment is anticipated to exceed USD 1.9 billion by 2034, driven by the demand for lightweight, high-strength metals from the aerospace and automotive industries.

The U.S. market is set to cross USD 2.6 billion by 2034, driven by the rising demand for precise motor control units and increasing adoption of automation in manufacturing processes.

Major players in the market include ABB, Bosch Rexroth Corporation, C&M Robotics, Delta Electronics, Danfoss, DAI-ICHI DENTSU, Emerson Electric, FEC, and Hitachi Energy.