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AC Servo Motors and Drives Market Size

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

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AC Servo Motors and Drives Market Size

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 ongoing push for digital transformation across various sectors in both emerging and advanced economies and increasing automation across industrial processes is set to complement the industry growth. Additionally, the swift adoption of Industry 4.0 principles and the increasing pace of automation is expected to drive up demand for these products.

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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. Moreover, rising demand for precise motors control solutions along with growing inclination toward reducing energy consumption and cost will further augment the industry landscape.

AC Servo Motors and Drives Market Report Attributes
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 2025 to 2034 CAGR:	6.6%
2034 Value Projection:	USD 29.1 Billion
Historical Data for:	2021 - 2023
No. of Pages:	110
Tables, Charts & Figures:	32
Segments covered:	Category, Application, and Region
Growth Drivers:	Stringent energy efficiency directives by respective authorities Ongoing expansion of industrial operations and growing automotive sector Increasing momentum across energy-intensive industrial operations
Pitfalls & Challenges:	High upfront cost

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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.