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Asia Pacific Analog Servo Motors and Drives Market Trends

Report ID: GMI11733
Published Date: Oct 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The Asia Pacific analog servo motors and drives industry was valued at USD 4.6 billion in 2023 and is projected to grow at a 6.3% CAGR from 2024 to 2032, driven by the increasing integration of automation and robotics technologies in industrial operations.

The AC drives segment is anticipated to exceed USD 5.7 billion by 2032, fueled by the rising demand for AC motor systems due to widespread industrial automation and the introduction of Industry 4.0.

China analog servo motors and drives market is set to surpass USD 3.3 billion by 2032, driven by rapid industrial infrastructure growth, smart technology implementation, and increased adoption of robotics and automation.

Key players in the industry include ABB, Advanced Motion Controls, Applied Motion Products, Bosch Rexroth, Changzhou Fulling Motor, Danfoss, Delta Electronics, ESI Motion, Fuji Electric, Hitachi Industrial Equipment Systems, Mitsubishi Electric, Nidec Motor, and Omron.