AC Servo Motors and Drives Market
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The global AC servo motors and drives market size in 2024 was valued at USD 15.2 billion and is projected to observe a growth rate of 6.6% from 2025 to 2034.
The current adoption of digital transformation in both emerging and advanced economies is coupled with the increasing automation across different industrial processes will support the industry growth. Besides, the rapid acceptance of Industry 4.0 ventures and further acceleration of automation are likely to increase the demand for these products.
Companies in the automation field are actively developing and launching new products to address changing customer requirements. For instance, Leadshine introduced its coreless micro servo system in the SPS exhibition, held in Germany in November 2023. This system, which includes an extremely compact servo drive, coreless micro motor and micro encoder offers benefits such as small size, efficient performance at high and low speeds, and high-power density. Furthermore, increasing demand for accurate motor control systems coupled with growing tendency to reduce energy and cost will further enhance industry's dynamics.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| AC Servo Motors and Drives Market size in 2024: | USD 15.2 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2023 - 2032 CAGR: | 6.6 |
| 2023 Value Projection: | USD 29.1 Billion |
| Historical Data for: | 2021 - 2024 |
| No of Pages: | 110 |
| Tables, Charts & Figures: | 32 |
| Segments Covered: | Category, Application, and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The need for environmental conservation coupled with innovation in industrial automation is accelerating the growth of the AC servo motors and drives industry. Increased attention on technology and the integration of IIoT for improving system efficiency and minimizing energy consumption will positively impact industry dynamics. For example, in September 2023, Mitsubishi Electric Automation launched the next generation of products in the MELSERVO-J5 Servo line. The new MR-J5 servo units boast technological improvements and enhanced performance including HK-KT/ST servo motors, characterized by their high-speed capability at 3000 rpm of rated speed. Moreover, accelerating investments for industrial development and inclination on reducing energy consumption will augment the industry outlook.
Analog segment is anticipated to grow over USD 15.5 billion by 2034. Analog servo motors and drives are used across various industries including manufacturing, robotics, and aerospace, which help in achieving accurate mechanical movements and enhancing the industry landscape. These units operate with the use of control signals which are normally voltage or current. The integration of these signals is significantly beneficial for industrial establishments that require accurate control of position, speed, or torque which positively boosts the performance of the analog servo motors and drives industry.
Metal cutting & forming segment is anticipated to witness a CAGR of above 5% by 2034. The integration of cutting-edge metal cutting machinery is becoming prevalent in areas including robotics, iron, steel, and automotive industries. Moreover, as smart systems are being implemented in factories and manufacturing units for improved output, increased flexibility, and quality of production, these changes will greatly encourage positive industry dynamics.
U.S. AC servo motors and drives market is set to grow over USD 5 billion by 2034. Additional strict regulations on energy efficiency, rising energy demand, and growth in automation and robotics is going to broaden the scope of the industry. For example, new energy efficiency requirements were made by the U.S. DoE effective as of January 2024. These regulations that came into existence in line with the Energy Policy and Conservation Act to cater to the air circulating fans in addition to general fans and blowers with a view of improving energy efficiency. These regulatory changes, furthering productivity and adaptability to business operations, also fuel the shift toward automated solutions facilitating product demand.
The AC servo motors and drives industry is witnessing strategic collaboration where major players are teaming up and bringing in new acquisitions in order to gain market share. New competitive technologies and products are being developed and these companies to deepen their footprint in the marketplace. The market is mainly dominated by a group of companies which includes ABB, Siemens, Mitsubishi, Danfoss, Panasonic, and Mitsubishi Electric accounting for a significant position.
Major players operating across the industry include:
Market, By Category
Market, By Application
The above information has been provided for the following regions and countries:
Major players in the industry include ABB, Beckhoff Automation, C&M Robotics, Danfoss, Delta Electronics, DMM Technology, Fuji Electric, KEB Automation, Kollmorgen, Leadshine, Mitsubishi Electric, Teknic, WEG, and Yaskawa.
The U.S. market is set to grow to over USD 5 billion by 2034, driven by stringent energy efficiency regulations and the expansion of industrial automation and robotics.
The metal cutting & forming segment is expected to witness a CAGR of above 5% by 2034, driven by the increasing adoption of advanced technologies and sophisticated metal cutting equipment.
The global market size for AC servo motors and drives was valued at USD 15.2 billion in 2024 and is projected to reach USD 29.1 billion by 2034, driven by a CAGR of 6.6% from 2025 to 2034.