Analog Servo Motors and Drives Market
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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.
With the rise in automation and adoption of robotics in industrial processes investment in research & development activities will strengthen the industry landscape. In addition, shifting focus on adoption of cheaper but energy efficient alternatives to traditional productivity enhancing technologies which offers high level of precision and reliability for operations that require precise speed and position control will further enhances the industry outlook.
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 targets the emissions from industrial livestock production facilities and seeks to further the objectives of the European Green Deal while offering the citizen's better health, improving innovation and contributing to a more level playing field for industries within the EU.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Analog Servo Motors and Drives Market size in 2024: | USD 11 Billion |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2023 - 2032 CAGR: | 6.5 |
| 2023 Value Projection: | USD 20.8 Billion |
| Historical Data for: | 2021 - 2024 |
| 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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The industry of analog servo motors and drives is set to grow tremendously due to the need for carbon emission and energy efficiency regulations. Authorities are focusing more on new production techniques and initiate more investment in industrial infrastructure which further propels the growth. For example, China has loosened its regulations on foreign investors establishing tax exemptions and peopelling R&D centers. Between 1st and 3rd quarter of 2024, the value of foreign investments reached USD 90.26 billion with key opportunities in manufacturing, pharmaceutical, and productive service industries.
AC drive segment is anticipated to grow over USD 15.5 billion by 2034. The demand for AC drives surged due to automation of different industries, fueled further by the industry 4.0 phenomenon. Additional growth from emerging automation, transportation and commercial industries together with constant changes while adopting new technologies and AI for data captured during exploration and production will enhance the industry outlook. Further upgradation of industrial facilities and introduction of new automation & communication technologies will continue the growth of the AC servo motors and drives market.
Metal cutting & forming segment is anticipated to witness a CAGR of over 5.5% by 2034. A surging demand for energy-efficient systems is being witnessed from the aerospace and automotive sectors that involve precise cutting of metals and parts, which increased the demand for such products. Increasing adoption of lightweight, high-strength materials from these industries coupled with ongoing investments in smart manufacturing processes, including precise metal forming and cutting, are becoming a norm, adding to the industry landscape.
The U.S. analog servo motors and drives market is set to grow over USD 3.2 billion by 2034. The use of intelligent technologies, automation, and data interchange in production processes is expected to improve efficiency, cut costs, and increase competitiveness, all of which will grow the industry. In addition, the increased focus on reliable motor control solutions will change the industry environment due to more stringently regulated energy efficiency requirements and increased investment in energy-intensive industries. For example, in October 2024, the U.S. DOE has selected 16 projects for a USD 38 million funding initiative that targets the development of cross-sector technologies to lower industrial emissions. The funded projects seek to perform research and development in order to prove processes that are widely applicable 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. The market is considerably concentrated and is characterized by the presence of companies including Schneider Electric, Mitsubishi Electric, ABB, Danfoss, Rockwell Automation, and Siemens, among others. These market players focus on geographical expansion, while also allocating resources towards new feature development. Focusing on strengthening distribution channel sales, fostering collaboration with system integrators, broadening the scope of product, further technological development, competitive strategies and integration will also enhance their competitiveness.
Major players operating across the industry include:
Market, By Drive
Market, By Application
The above information has been provided for the following regions and countries:
Major players in the industry include ABB, Analog Devices, Applied Motion Products, Bosch Rexroth, Danfoss, Delta Electronics, Hitachi, KEB Automation, Mitsubishi Electric, Nidec, Omron, and Rockwell Automation.
The global market size for analog servo motors and drives was valued at USD 11 billion in 2024 and is expected to reach USD 20.8 billion by 2034, driven by a CAGR of 6.5% from 2025 to 2034.
The analog servo motors and drives industry from metal cutting and forming segment is expected to witness a CAGR of over 5.5% by 2034, driven by increased demand for energy-efficient systems in the aerospace and automotive sectors.
The U.S. market for analog servo motors and drives is projected to exceed USD 3.2 billion by 2034, driven by the adoption of smart technologies, automation, and data exchange in manufacturing processes.