Home > Semiconductors & Electronics > Automation > Robotics > AC Servo Motors and Drives Market

AC Servo Motors and Drives Market Trends

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

Download Free Sample

AC Servo Motors and Drives Market Trends

The AC servo motors and drives industry is experiencing growth driven by continuous innovations in industrial automation and governmental regulations promoting environmental responsibility. Growing focus on technological enhancements and the incorporation of Industrial Internet of Things (IIoT) technologies, which aim to enhance system efficiency and reduce energy consumption will positively influence the industry dynamics. For instance, in September 2023, Mitsubishi Electric Automation rolled out an updated MELSERVO-J5 servo product 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.

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.