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Asia Pacific Digital Servo Motors and Drives Market Size

Report ID: GMI10416
Published Date: Jul 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Digital Servo Motors and Drives Market Size in 2023:	USD 3.4 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.1%
2032 Value Projection:	USD 5.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	70
Tables, Charts & Figures:	12
Segments covered:	Drive, Application, and Country
Growth Drivers:	Accelerating investments across industrial infrastructure and rising energy demand Rising deployment for energy efficient systems and introduction of emission standards
Pitfalls & Challenges:	High initial deployment cost

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Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

Asia Pacific servo motors and drives market size was estimated at USD 3.4 billion in 2023 and is projected to record a 6.1% CAGR through 2032 due to ongoing automation across various industries.

AC drives segment in the Asia Pacific digital servo motors and drives market is set to generate over USD 4 billion by 2032 due to growing automation across variety of industrial applications along with introduction of industry 4.0.

China digital servo motors and drives market value is set to reach over USD 2.2 billion by 2032 owing to the ongoing expansion in the manufacturing sector, along with rising demand for energy efficient systems across industrial applications

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, and KEB Automation among others.