Asia Pacific Digital Servo Motors and Drives Market - By Drive, By Application (Oil and Gas, Metal Cutting & Forming, Material Handling Equipment, Packaging and Labeling Machinery, Robotics & Others) & Forecast, 2024 - 2032

Asia Pacific Digital Servo Motors and Drives Market Size

Asia Pacific Digital Servo Motors and Drives Market was estimated at USD 3.4 billion in 2023 and is projected to attain a growth rate of 6.1% through 2032. Rapid adoption of Industry 4.0, ongoing automation across various industries, continuous efforts to accelerate digital transformation will complement the industry landscape.
 

Growing automobile industry along with the accelerating investments for infrastructure development is expected to drive product demand. For instance, as per the government of India, all states in the country reported that FDI equity inflows totaling approximately USD 20.8 billion were made in manufacturing sector between October 2019 and December 2023. Furthermore, ongoing industrialization and increased need for precise motor control across several industrial applications will further augment the business dynamics.
 

Asia Pacific Digital Servo Motors and Drives Market Trends

Asia Pacific digital servo motors and drives industry is anticipated to grow owing to ongoing technological developments in industrial automation, and strict government regulations that support environmental sustainability. Increasing smart manufacturing and favorable reforms pertaining toward industrial development will favor the business dynamics.
 

For instance, the government of India aims to increase the manufacturing sector's contribution to GDP from 16% to 25% by 2025. The Smart Advanced Manufacturing and Rapid Transformation Hub is the focal point of the Udyog Bharat 4.0 SAMARTH program, which supports this goal. Furthermore, growing industrial internet of things (IIoT) and increased attention to technological advancements to optimize system sizing and boost energy efficiency will positively impacting the industry outlook.
 

Asia Pacific Digital Servo Motors and Drives Market Analysis

AC drives market is set to grow over USD 4 billion by 2032. Growing automation across variety of industrial applications along with introduction of industry 4.0 has elevated the demand for these systems, positively impacting the business dynamics. AC motors are extensively used in various industries owing to their superior performance in both full-load and variable load conditions. Furthermore, the ongoing refurbishment and development across industrial establishments coupled with increasing installation of advanced automation and feedback communication systems, will positively impact the AC servo motors and drives market dynamics.
 

Metal cutting & forming segment is set to witness over 4.5% CAGR through 2032. Growing use of cutting-edge technologies & equipment for metal cutting in a variety of industrial processes, such as robotics, iron and steel, and automotive, will increase the product demand. These units may provide accurate motion control and speed across these applications, as well as the ability to maintain and optimize the industrial operations is set to fuel the product deployment. Growing degrees of intelligence is being used by factories and manufacturing facilities to increase output, flexibility, and production quality, all of which will further complement the business dynamics.
 

China servo motors and drives market is set to grow over USD 2.2 billion by 2032. Ongoing expansion in the manufacturing sector along with rising demand for energy efficient systems across industrial applications complemented the business landscape. Flourishing investments for infrastructure development coupled with increasing investments across advanced robotics solutions & process optimization will enhance the industry landscape.
 

For instance, in September 2023, the International Federation of Robotics reported that total annual deployment of industrial robots equaled over 290 thousand units in 2022 observing a twelve-fold increment over the last decade. Increasing demand for precise motor control systems, growing automotive sector and focus on industrial automation is set to complement the Asia Pacific servo motors and drives industry landscape.
 

Asia Pacific Digital Servo Motors and Drives Market Share

Major manufacturers operating across the Asia Pacific digital servo motors and drives industry are focusing toward making strategic partnerships, collaborations, agreements, and introducing new products to enhance their competitive edge over the others. Major players including Fuji Electric Co., Ltd., ABB, Yaskawa Electric Corporation., Rockwell Automation, Delta Electronics, Inc. among other, holds majority of the market share.
 

Asia Pacific Digital Servo Motors and Drives Market Companies

Key players operating across the industry comprising of:

• ABB
• ADVANCED Motion Controls
• Aerotech
• Allied Motion, Inc.
• Applied Motion Products Inc.
• Beckhoff Automation
• Bosch Rexroth Corporation
• Danfoss
• Delta Electronics, Inc.
• Elmo Motion Control Ltd.
• Fuji Electric Co., Ltd.
• KEB Automation
• Kollmorgen
• Mitsubishi Electric Corporation
• Rockwell Automation
• Schneider Electric
• YASKAWA ELECTRIC CORPORATION
   

Asia Pacific Digital Servo Motors and Drives Industry News

• In January 2024, Advanced Motion Controls introduced FlexPro EtherNet/IP servo drives of the next generation. The device is a member of AMC's most recent line of digital servo drives, which are known for their dependable, high-power, and compact design. The drives are more intelligent and operationally flexible than ever owing to their enhanced processing and storage capabilities. These units can be controlled and monitored from a single location, and they are easily integrated into current systems. They are a useful addition to any industrial system since they are simple to use and manage.
   
• In May 2023, MOVENSYS Inc. and Mitsubishi Electric Corporation jointly announced today that they have partnered to improve cooperation in their individual industries of motion control and AC servo. Mitsubishi Electric is moving forward with acquiring an equity stake in Movensys in accordance with the agreement. By combining Movensys' technologies and product-proposal capabilities, Mitsubishi Electric hopes to grow its AC servo business, focusing on semiconductor manufacturing equipment and other applications.
   

The Asia Pacific digital 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

• AC drive
• DC drive

Market, By Application

• Oil & gas
• Meta cutting & forming
• Material handling equipment
• Packaging and labeling machinery
• Robotics
• Medical robotics
• Rubber & plastics machinery
• Warehousing
• Automation
• Extreme environment applications
• Semiconductor machinery
• AGV
• Electronics
• Others

The above information has been provided for the following countries:

• China
• Japan
• India
• Australia
• South Korea
• Thailand
• Malaysia
• Philippines
• Indonesia