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AC Servo Motors and Drives Market Share

Report ID: GMI8245
Published Date: Nov 2024
Report Format: PDF

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AC Servo Motors and Drives Market Share

AC Servo Motors and Drives Market Company Share Analysis, 2024

Major manufacturers in the AC servo motors and drives industry are reinforcing their market presence through strategic collaborations, partnerships, and corporate acquisitions. Companies are introducing new innovative technologies and products to strengthen their position and enhance their presence across the industry. The market is predominantly controlled by companies such as ABB, Siemens, Mitsubishi, Danfoss, Panasonic, and Mitsubishi Electric, which collectively hold a significant share of the market.

AC Servo Motors and Drives Market Companies

Major players operating across the industry include:

ABB
Beckhoff Automation
C&M Robotics
Danfoss
Delta Electronics
DMM Technology
Fuji Electric
KEB Automation
Kollmorgen
Leadshine
Mitsubishi Electric
Nidec Motor
Omron
Panasonic
Parker Hannifin
Rockwell Automation
Siemens
Teknic
WEG
Yaskawa

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

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.

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 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.

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.