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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
What is the value of the Asia Pacific AC servo motors and drives market?
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.
What is the forecasted value of the metal cutting & forming segment?
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.
Why is the digital segment expected to grow in the Asia Pacific AC servo motors and drives market?
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.
What is the projected market size for China
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.
Which key players dominate the Asia Pacific AC servo motors and drives industry?
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.