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Analog Servo Motors and Drives Market Size

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

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Analog Servo Motors and Drives Market Size

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.

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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.

Analog Servo Motors and Drives Market Report Attributes
Report Attribute	Details
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:	Growing inclination towards industrial automation Integration of robotics & advanced automation solutions Increasing investments across energy-intensive industrial operations
Pitfalls & Challenges:	Availability of alternative drive technologies

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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.

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.