Asia Pacific AC Servo Motors and Drives Market – By Category, By Application & Forecast, 2024 - 2032

Asia Pacific AC Servo Motors and Drives Market Size

Asia Pacific AC Servo Motors and Drives Market was evaluated at USD 6 billion in 2023 and is set to experience a CAGR of 6.3% between 2024 and 2032.
 

The rapid adoption of Industry 4.0, coupled with widespread automation and a relentless push for digital transformation, is reshaping the industry landscape. Introduction of enhanced technologies, including the Internet of Things (IoT), artificial intelligence, and advanced robotics, are driving efficiency and innovation across various sectors complementing the business outlook. For instance, in July 2024, Robot Technology Japan, a dedicated exhibition spotlighting industrial robots and automation systems held in the Aichi Sky Expo, Japan. Moreover, the expanding automobile sector and increasing demand for electric vehicles coupled with advancements in autonomous driving technologies are propelling the automotive industry forward.
 

Asia Pacific AC Servo Motors and Drives Market Trends

Asia Pacific AC servo motors and drives industry is set to grow, driven by technological advancements in industrial automation and stringent government regulations promoting environmental sustainability. The rise of smart manufacturing and supportive reforms for industrial growth further bolster these market dynamics. For instance, The Australian government, through its Powering Australia initiative, has set ambitious targets. These include alleviating energy bills, transitioning to clean energy to cut emissions. Furthermore, the government has committed to 43% reduction in emissions by 2030, with long-term goal of achieving net-zero emissions by 2050. Moreover, the surge of Industrial Internet of Things and increasing focus on technological innovations aimed at optimizing system sizing and enhancing energy efficiency is set to positively influence the industry's outlook.
 

Asia Pacific AC Servo Motors and Drives Market Analysis

Metal cutting & forming segment is anticipated to reach USD 1.7 billion by 2032. The rising adoption of advanced technologies and enhanced equipment for metal cutting across diverse industries, including robotics, iron and steel, and automotive, is set to boost product demand. These technologies not only offer precise motion control and speed but also enhance the ability to maintain and optimize industrial operations. Furthermore, as factories and manufacturing facilities increasingly leverage intelligence to boost output, flexibility, and production quality, these advancements will further bolster business dynamics.
 

Digital segment is anticipated to expand at a CAGR of over 6% through 2032. The rising automation in diverse industrial applications, coupled with the advent of Industry 4.0, has spurred demand for these systems, reshaping business dynamics. AC motors, favored for their exceptional performance under both full and variable load conditions, find widespread use across industries. Additionally, as industrial establishments undergo refurbishment and development, the growing installation of advanced automation and feedback communication systems is set to influence the industry digital servo motors and drives dynamics.
 

China AC servo motors and drives market is set to grow over USD 4 billion by 2032. The ongoing expansion of the manufacturing sector, coupled with the rising demand for energy-efficient systems in industrial applications, has shaped the business landscape. Significant investments in infrastructure development, along with a focus on advanced robotics solutions and process optimization, are set to further elevate the industry's profile. For instance, in July 2024, The National Bureau of Statistics revealed a 6% surge in value-added industrial output during the first half of 2024, across the manufacturing, mining, and utilities sectors. Additionally, increasing demand for precise motor control systems, growing automotive sector, and accelerating adoption of industrial robots is set to boost the industry landscape.
 

Asia Pacific AC Servo Motors and Drives Market Share

Major manufacturers operating across the Asia Pacific AC servo motors and drives industry are actively operative in different geographies. These players have aiming toward launching new product and solution portfolios, integrating both backward and forward, and expanding manufacturing facilities. These fronts include technological advancements, product quality, pricing strategies, and customer service. Major players including Fuji Electric, Yaskawa Electric, ABB, Rockwell Automation, Nidec Motor, and Delta Electronics among other, holds majority of the market share.
 

Asia Pacific AC Servo Motors and Drives Market Companies

Key players operating across the industry comprising of:

• ABB
• Advanced Motion Controls
• Beckhoff Automation
• Danfoss
• Delta Electronics
• Fuji Electric
• Kobe Transmission Technology
• Kollmorgen
• Lavichip
• Leadshine
• Mitsubishi Electric
• Moons'
• Motion Control Products
• Nidec Motor
• Omron
• Panasonic Industry
• Rockwell Automation
• Siemens
• Tamagawa Seiki
• WEG
• Yaskawa Electric
   

Asia Pacific AC Servo Motors and Drives Industry News

• In June 2024, Panasonic India's Industrial Devices Division has launched its state-of-the-art AI-equipped MINAS A7 servo system, MINAS A6SC and MINAS CZ1 Global series servo motors. These products represent the industry's inaugural commercialized AI-integrated servo system and specifically crafted for the Indian market, these sophisticated servo motors deliver unmatched versatility and superior performance across diverse industrial applications. The MINAS CZ1 series is engineered for complex automation systems, featuring an impressive response frequency of 3,200 Hz and EtherCAT support, facilitating high-speed 100 Mbps communication ensuring synchronization and smooth integration across various applications.
   
• In May 2023, MOVENSYS Inc. and Mitsubishi Electric Corporation announced a strategic partnership aimed at enhancing collaboration in the motion control and AC servo sectors. As part of the agreement, Mitsubishi Electric is set to acquire an equity stake in Movensys. By leveraging Movensys' advanced technologies and product offerings, Mitsubishi Electric aims to expand its AC servo business, particularly in semiconductor manufacturing equipment and related applications.
   

The Asia Pacific AC 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 2021 to 2032 for the following segments:

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Market, By Category

• Digital
• Analog

Market, By Application

• Oil & gas
• Meta cutting & forming
• Material handling equipment
• Packaging and labeling 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 countries:

• China
• Japan
• India
• Australia
• South Korea
• Thailand
• Malaysia
• Philippines
• Indonesia