Analog Servo Motors and Drives Market - By Drive, By Application (Oil & Gas, Metal Cutting & Forming, Material Handling Equipment, Robotics, Medical Robotics, Warehousing, Automation, Semiconductor Machinery, AGV, Electronics) & Forecast, 2024 – 2032

Analog Servo Motors and Drives Market Size

Analog Servo Motors and Drives Market size was estimated at above USD 10.2 billion in 2023 and is set to experience a growth rate of 6.7% through 2032. Growing integration of automation & robotics technologies across industrial operations coupled with the rising investments to boost the research & development activities will further cater to the industry expansion. For instance, in 2023, the International Federation of Robotics (IFR) reported that the total annual deployment of industrial robots equaled about 545 thousand units in 2022 observing an increase of about 43.8% over a couple of years from 379 thousand units in 2020.
 

The products are designed to seamlessly integrate across manufacturing processes requiring high precision and reliability including positioning, cutting, milling, and other machining operations where tight control over speed and position is critical. In addition, the growing focus to improve the overall energy efficiency with a cost-effective alternative to other technologies will add to the industry landscape.
 

Analog servo motors and drives are components commonly used in motion control systems to achieve precise control of mechanical movements. These systems are widely deployed across range of industries including manufacturing, robotics, and aerospace, among others. These devices, as opposed to digital servo motors and drive alternatives, operate based on analog control signals in the form of analog voltages or currents and are widely integrated across industrial applications where accurate control of position, speed, or torque is essential.
 

COVID- 19 Impact

The analog servo motors and drives has experienced significant disruptions in supply chains, affecting the availability of components and materials attributed by the unexpected COVID-19 global pandemic. Various manufacturers have faced challenges numerous challenges in sourcing essential components, leading to delays in production and distribution. In addition, the limited availability of new investments across energy intensive industrial operations have hindered the market growth potential. However, the rapid transition towards the adoption of automation to ensure business continuity and minimize the dependence on human labor have positively added to the integration automation solutions generating new opportunities for the product deployment.
 

Analog Servo Motors and Drives Market Trends

The analog servo motors and drives industry is set to observe positive uptake on account of the continuous technological advancements in industrial automation coupled with the implementation of stringent government regulations keeping a check on carbon footprint & energy efficiency. Various administrative bodies are continuously focusing on integrating advanced production technologies contributing to the significant momentum in this market. For instance, in November 2022, the U.S. Department of Energy (DOE) introduced a funding worth USD 2 million in association with the Clean Energy Smart Manufacturing Innovation Institute (CESMII). The initiative is aimed at aiding manufacturing companies to shift towards smart manufacturing processes and technologies to boost energy savings, productivity, and competitiveness primarily across energy-intensive verticals. Moreover, relatively simple design & operation, enhanced robustness & reliability, durability, and cost-effectiveness are among the key factors completing the industry outlook.
 

Analog Servo Motors and Drives Market Analysis

Based on the drive, the industry is broadly bifurcated into AC drive and DC drive. AC drive industry is projected to grow at a rate of 6.8% through 2032 as the products are designed to control the frequency and voltage supplied to the servo motor, allowing for precise adjustment of motor speed and torque. In addition, the widespread adoption of the devices has observed significant expansion on account of optimized energy efficiency, enhanced operational features, and low mechanical wear & tear on the motor systems, among other advantages.
 

Semiconductor machinery segment is set to observe a growth of over 7.5% through 2032 attributed to the significant development of semiconductor manufacturing plants along with the mounting investments to boost the electric vehicle fleet requiring substantial semiconductor equipment. For instance, in January 2024, the India based conglomerate, Tata Group, announced its plans to invest and build a new semiconductor fabrication facility in the country over the coming months. The company further confirmed its plans to initiate construction of 20 GW battery storage factory in Gujarat over the same period generating new avenues for industry expansion.
 

Oil & gas analog servo motors and drives market is projected to surpass USD 950 million by 2032 on account of the growing integration of automation & remote operations across large-scale facilities. Moreover, continuous investment to boost production from conventional & unconventional hydrocarbon resources coupled with the discovery of various reserves will unveil new opportunities for industry expansion. For instance, in May 2023, the government of Türkiye confirmed to discover a coupled of new oil reserves in Cudi and Gabar with a total output capacity of about 100,000 barrels per day. In addition, the new breakthrough in the Gabar region is estimated to contribute to an annual input of about USD 2.9 billion to the nation’s hydrocarbon industry.
 

Asia Pacific analog servo motors and drives market was valued at above USD 4.6 billion in 2023 and is anticipated to observe a significant growth over the forecast period. The rapid growth across industrial infrastructures, expansion of new manufacturing units, and positive outlook towards deployment of robotics & automation are some of the key imperatives augmenting the Asia Pacific industry landscape. For instance, as per the data updated by the World Bank in December 2023, the total value added from manufacturing sector in China equaled over 4.9 trillion in 2022, observing a growth rate of around 28.9% over a couple of years from USD 3.8 trillion in 2020.
 

Analog servo motors & drives are extensively used in manufacturing and automation processes across industries such as automotive, electronics, consumer goods, and textiles, exhibiting sizeable deployment potential across the region. Moreover, the adoption of smart technologies, automation, and data exchange in manufacturing processes aimed to enhance efficiency, reduce costs, and improve overall competitiveness will further shape the industry dynamics.
 

Analog Servo Motors and Drives Market Share

The analog servo motors and drives industry was characterized by competition among several global and regional players. These companies were engaged in offering analog servo motor and drive solutions for various industrial applications. Various large scale competitors including Siemens, Rockwell Automation, ABB, Schneider Electric, and Mitsubishi Electric Corporation, among others, are actively competing in the industry and offering a wide range of motion control solutions to boost their geographical footprint. For instance, in May 2023, Siemens launched a new range of servo drive system called Sinamics S200 suitable across various industries including electronics, battery manufacturing, and many other.
 

The key market players operating across the industry include:

• ABB
• Analog Devices, Inc.
• Applied Motion Products, Inc.
• Bosch Rexroth Corporation
• Danfoss
• Delta Electronics, Inc.
• Hitachi Industrial Equipment Systems Co., Ltd.
• KEB Automation
• Mitsubishi Electric Corporation
• Nidec Motor Corporation
• Omron Corporation
• Rockwell Automation
• Schneider Electric
• Siemens
• WEG
• Yaskawa America, Inc.
   

The ongoing technological innovation attributed by the investments in the research & development by key players to introduce advanced features and functionalities in analog servo drives will shape the industry dynamics. The industry players are also focusing on the effectiveness of distribution networks and partnerships with system integrators and distributors to gain a competitive advantage. Moreover, continuous efforts to enhance motor efficiency, control algorithms, and integration capabilities are the key factors shaping the market competition dynamics.
 

Analog Servo Motors and Drives Industry News

• In January 2024, Applied Motion Products Inc introduced a new range of cost-effective servo motors called M5 series across UK and Europe designed to deliver high precision operations. The new line is manufactured for a power rating between 100 W to 3 kW with a speed and torque up to 6,000 rpm and 11 Nm, respectively.
   
• In August 2022, WEG confirmed to acquire Motion Control business vertical engaging in the production of direct current converters, variable frequency drives, and servo drives from Gefran S.p.A at a transaction value of over USD 25 million. The acquisition is set to aid WEG to access the Gefran’s customer base and operational channels across over 70 nations and strengthen its position across the analog servo motors and drives industry.
   

The analog servo motors and drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” and “USD Million” from 2019 to 2032 for the following segments:

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Market, By Drive, 2019 – 2032

• AC Drive
• DC Drive

Market, By Application, 2019 – 2032

• Oil and Gas
• Metal Cutting & Forming
• Material Handling Equipment
• Packaging and Labelling Machinery
• Robotics
• Medical Robotics
• Rubber & Plastics Machinery
• Warehousing
• Automation
• Extreme Environment Applications
• Semiconductor Machinery
• AGV
• Electronics
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Norway
  • Sweden
  • Denmark
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Thailand
  • Malaysia
  • Philippines
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Jordan
  • Iran
  • South Africa
  • Nigeria
  • Egypt
  • Algeria
• Latin America
  • Brazil
  • Argentina
  • Chile