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Asia Pacific DC Servo Motors and Drives Market Trends

Report ID: GMI12683
Published Date: Dec 2024
Report Format: PDF

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Asia Pacific DC Servo Motors and Drives Market Trends

The Asia Pacific DC servo motors and drives industry is experiencing significant growth, driven by various technological advancements and increasing demand across multiple sectors, including robotics, automation, and manufacturing. Increasing technological advancements in industrial automation, supported by government environmental sustainability mandates is shaping the business dynamics. The expansion of smart manufacturing in the industrial automation sector, combined with the growing demand for reliable and efficient motor control solutions in energy-intensive industries, strengthens market development. Ongoing technological innovations and industrial internet of things (IIoT) adoption, which enhance system optimization and energy efficiency will contribute to the industry growth.

Authors: Ankit Gupta , Manish Dhiman

Frequently Asked Questions (FAQ) :

The Asia Pacific market size for DC Servo Motors and Drives was valued at USD 2.4 billion in 2024 and is projected to reach USD 3.9 billion by 2034, driven by a CAGR of 5.8% during the forecast period, supported by increasing automation in energy-intensive sectors and advanced technology adoption.

The metal cutting & forming application segment is expected to surpass USD 800 million by 2034, driven by the rising need for precision operations in the iron & steel and manufacturing sectors.

The China DC Servo Motors and Drives market is anticipated to exceed USD 1.4 billion by 2034, driven by industrial automation, robotics expansion, and stringent energy efficiency regulations.

Major players in the market include ABB, Allied Motion, Axor Industries, Bosch Rexroth, Changzhou Fulling Motor, Elmo Motion Control, Ingenia Cat, JVL, KEBA, Kinco Electric, Kollmorgen, and Leadshine.