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Asia Pacific AC Servo Motors and Drives Market Share

Report ID: GMI11556
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific AC Servo Motors and Drives Market Share

Asia Pacific AC Servo Motors and Drives Market Company Share, 2023

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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

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

In 2023, the Asia Pacific AC servo motors and drives industry was valued at USD 6 billion and is expected to grow at a 6.3% CAGR by 2032, driven by the adoption of Industry 4.0 and automation.

The metal cutting & forming segment is projected to exceed USD 1.7 billion by 2032, fueled by the demand for advanced technologies in industries such as robotics, iron and steel, and automotive.

The digital segment is set to grow at a CAGR of over 6% through 2032, driven by rising automation, the advent of Industry 4.0, and the widespread use of AC motors in various industrial applications.

China's AC servo motors and drives market is expected to exceed USD 4 billion by 2032, supported by the growth in the manufacturing sector and the increasing demand for energy-efficient systems.

Prominent players in the market include ABB, Mitsubishi Electric, Panasonic Industry, Yaskawa Electric, Siemens, Rockwell Automation, and others, contributing to technological advancements and market expansion.