Asia Pacific Digital Servo Motors and Drives Market Analysis

Asia Pacific Digital Servo Motors and Drives Market Analysis

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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.