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The global analog servo motors and drives market size stood at USD 11 billion in 2024 and is set to experience a CAGR of 6.5% from 2025 to 2034.
Growing automation and robotics adoption across various industrial processes along with increased investments in research and development will complement the industry landscape. Moreover, shifting focus on adoption of energy-efficient solutions, which are cost-effective alternatives to traditional technologies to improve productivity, deliver exceptional accuracy and dependability in tasks requiring precise speed and position control will augment the industry outlook.
Report Attribute | Details |
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Base Year: | 2024 |
Analog Servo Motors and Drives Market Size in 2024: | USD 11 Billion |
Forecast Period: | 2025 – 2034 |
Forecast Period 2025 – 2034 CAGR: | 6.5% |
2025 – 2034 Value Projection: | USD 20.8 Billion |
Historical Data for: | 2021 – 2023 |
No. of Pages: | 105 |
Tables, Charts & Figures: | 30 |
Segments covered: | Drive, Application, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Introduction of stringent efficiency norms and standards by respective authorities along with inclination toward reducing emissions from industrial operations will positively influence the industry dynamics. For instance, in August 2024, The European Union has implemented a new Directive on industrial and livestock emissions. It aims to reduce pollution from large industrial facilities, aligning with the European Green Deal's environmental goals and seeks to improve public health, foster innovation, and create a more balanced market for EU industries.
The analog servo motors and drives industry is anticipated to witness significant growth on account of the implementation of strict government regulations on carbon emissions and energy efficiency. Regulatory authorities are placing greater emphasis on the adoption of advanced production technologies and driving increased investments in industrial development, creating substantial momentum within the industry. For instance, China has taken steps to enhance its investment landscape by reducing barriers for foreign investors, implementing tax benefits, and supporting international R&D centers. In the first three quarters of 2024, China observed positive trends in foreign investment, attracting USD 90.26 billion across sectors including high-tech manufacturing, medical equipment, and professional services observing substantial growth in foreign capital inflows.
AC drive segment is anticipated to grow over USD 15.5 billion by 2034. The rise of automation in various industries, coupled with the advent of Industry 4.0, has boosted product demand. Increased demand from expanding industries, transportation, and commercial sectors along with ongoing technological advancements, incorporating data analytics and AI into exploration and production processes to boost efficiency will complement the industry landscape. The ongoing modernization of industrial facilities and the implementation of advanced automation and communication systems will fuel the AC servo motors and drives industry growth.
Metal cutting & forming segment is anticipated to witness a CAGR of over 5.5% till 2034. Increased demand for energy-efficient systems, particularly in aerospace and automotive sectors required precise cutting of metals and components, further accelerating the product demand. These industries are adopting lightweight, high-strength materials, ongoing investments smart manufacturing processes, focusing on precise metal forming and cutting, are becoming more prevalent, further augmenting the business landscape.
The U.S. analog servo motors and drives market is set to grow over USD 3.2 billion by 2034. The adoption of smart technologies, automation, and data exchange in manufacturing processes aims to enhance efficiency, reduce costs, and improve overall competitiveness will contribute to the industry growth. Increased investments in energy-intensive sectors, stringent energy efficiency regulations and focus on limiting energy consumption by introducing reliable motor control solutions will further complement the industry landscape. For instance, in October 2024, the U.S. DOE has chosen 16 projects for a USD 38 million funding initiative, focusing on development cross-sector technologies to reduce industrial emissions. The selected projects aim to advance research and demonstrate processes that can be widely applied across various industrial subsectors.
The analog servo motors and drives industry is highly competitive, with numerous global and regional players aiming to enhance their market position. Key industry leaders including Schneider Electric, Mitsubishi Electric, ABB, Danfoss, Rockwell Automation, and Siemens, holds majority of market share. These companies focus on expanding their geographical reach and investing in research and development to introduce innovative features. Competitive strategies include strengthening distribution networks, partnering with system integrators, enhancing product efficiency, ongoing technological advancements, and integration capabilities enhance their industry position.
Major players operating across the industry include:
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Market, By Drive
Market, By Application
The above information has been provided for the following regions and countries: