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Analog Servo Motors and Drives Market Trends

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

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Analog Servo Motors and Drives Market Trends

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.

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.