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Base Year: 2023
Companies covered: 17
Tables & Figures: 12
Countries covered: 9
Pages: 80
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Asia Pacific Analog Servo Motors and Drives Market
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Asia Pacific Analog Servo Motors and Drives Market Size
Asia Pacific analog servo motors and drives market size was estimated at USD 4.6 billion in 2023 and is set to attain at a growth rate of 6.3% from 2024 to 2032. Increasing integration of automation and robotics technologies across industrial operations, coupled with rising investments in research and development activities, is contributing to industry growth.
Rising demand for products that can seamlessly integrate into manufacturing processes, requiring high precision and reliability in operations where tight control over speed and position is critical. Additionally, growing focus on improving overall energy efficiency with cost-effective alternatives to other technologies will augment the industry landscape.
Rising investments in infrastructure development have driven demand for advanced motor control systems along with stringent emission regulations across industrial operations will complement the business landscape. For instance, in May 2024, Australia developed its Net Zero Plan, focusing on an ambitious 2035 emissions target. Influenced by global trade trends, technological advancements, and domestic industry growth, the 2035 target is a crucial step towards Australia's 2050 net zero goal, aligning with global climate efforts.
Asia Pacific Analog Servo Motors and Drives Market Trends
Asia Pacific analog servo motors and drives industry is anticipated grow on account of ongoing technological advancements in industrial automation and the implementation of stringent government regulations on carbon emissions and energy efficiency. Regulatory bodies are increasingly focusing on integrating advanced production technologies, and flourishing investment toward expansion of manufacturing and industrial operations will positively influence the industry dynamics. For instance, India approved the construction of three semiconductor facilities, with investments totaling over USD 15 billion. These plants, to be established in Gujarat and Assam, are part of India's strategy to develop its semiconductor industry.
Asia Pacific Analog Servo Motors and Drives Market Analysis
AC drives segment is anticipated to grow over USD 5.7 billion by 2032. The increasing automation across various industrial applications, combined with the introduction of Industry 4.0, has heightened the demand for AC motor systems, positively influencing market dynamics. AC motors are widely used in multiple industries due to their improved performance in both full-load and variable load operating environments. Additionally, ongoing refurbishment and development of industrial establishments, along with the increasing deployment of innovative automation and feedback communication systems, are expected to positively impact the AC servo motors and drives industry dynamics.
Metal cutting & forming segment is set to witness significant a CAGR of over 5% through 2032. Rising demand for energy efficient systems driven by aerospace and automotive sectors' adoption of lightweight, high-strength materials coupled with increased industrial development investments, is shaping a positive industry outlook. Smart manufacturing processes, requiring precise metal forming and cutting, along with integration of automation in these processes, enhancing production quality, reducing output time, and minimizing risks in metal cutting operations.
China analog servo motors and drives market is set to surpass USD 3.3 billion by 2032. The rapid growth of industrial infrastructure, implementation of smart technologies, expansion of manufacturing units, and increasing adoption of robotics and automation driving the industry growth. Favorable policies and increasing investment by authorities toward industrial manufacturing, stringent emission regulations, introduction of energy efficiency mandates have accelerated the product deployment. For instance, in September 2024, China planned to fully open its manufacturing sector to foreign investments and increase opportunities for foreign capital. According to a statement from the National Development and Reform Commission, from November, Beijing will eliminate the remaining restrictions on overseas investments in the manufacturing sector.
Asia Pacific Analog Servo Motors and Drives Market Share
Ongoing technological innovation, driven by key investments initiatives by major players in research and development, is shaping the Asia Pacific analog servo motors and drives industry landscape. Manufacturers are introducing advanced features and functionalities to gain a competitive edge over the others. Industry players are also focusing on enhancing the effectiveness of their distribution networks and forming partnerships with system integrators and distributors.
Asia Pacific Analog Servo Motors and Drives Market Companies
Some of the key players operating across the industry includes:
Asia Pacific Analog Servo Motors and Drives Industry News
Asia Pacific analog 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 Drive
Market, By Application
The above information has been provided for the following countries: