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Analog Servo Motors and Drives Market Analysis

Report ID: GMI7891
Published Date: Nov 2024
Report Format: PDF

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Analog Servo Motors and Drives Market Analysis

Analog Servo Motors and Drives Market Size, By Drive, 2022 - 2034 (USD Billion)

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.

Analog Servo Motors and Drives Market Share, By Application, 2024

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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.

U.S. Analog Servo Motors and Drives Market Size, 2022 - 2034 (USD Billion)

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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.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

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.

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.