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

Asia Pacific Servo Motors and Drives Market Size

Asia Pacific Servo Motors and Drives Market was valued at USD 8.1 billion in 2023 and is set to attain a growth rate of 6.2% through 2032. Growing focus toward infrastructural development accompanied by increased foreign direct investment across industrial and manufacturing sectors has positively influenced the industry growth.
 

For instance, according to the Indian government, all states across the nation indicated that, between October 2019 and December 2023, FDI equity inflows of around USD 20.8 billion were made in the manufacturing sector. Moreover, rising demand for reliable and efficient motor control systems across several industrial applications energy intensive industries to optimize production costs will further complement the business landscape.
 

Asia Pacific Servo Motors and Drives Market Trends

Asia Pacific servo motors and drives industry is anticipated to grow owing to rapidly growing industrialization across developing countries, augmenting precise motor control solutions demand along with expanding manufacturing sector. Flourishing investments for the development of industrial operations coupled with stringent regulations pertaining toward limiting emissions and increasing inclination toward energy efficiency will favor the business dynamics.
 

For instance, in April 2024, Japan government developed the technology strategy for Energy Efficiency 2024 to promote R&D and dissemination of technologies for energy efficiency required to achieve target of carbon neutrality by 2050. Furthermore, growing inclination toward enhancing energy efficiency across various industrial automation processes along with rising demand for reliable motor control systems will further complement the business landscape.
 

Asia Pacific Servo Motors and Drives Market Analysis

Asia Pacific AC drives market is set to grow over USD 10 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 variable load and full-load operating environment. Furthermore, the ongoing refurbishment and development across industrial establishments coupled with escalating deployment of innovative automation & feedback communication systems, will positively impact the AC drives market dynamics.
 

Digital servo motors and drives industry is set to grow owing to the introduction of stringent emission reduction standards and regulations along with rising demand for energy efficient systems across industrial applications. Flourishing investments for the development of infrastructure coupled with increasing demand for precise motor control systems will impact the business outlook. Growing automotive sector coupled with focus on smart manufacturing for expanding industrial automation is set to complement the industry landscape.
 

Metal cutting & forming segment is anticipated to observe over 5% CAGR through 2032. Growing adoption of advanced technological machinery for metal cutting across several industrial processes including automotive, iron and steel, robotics among others for precise cutting will augment the product demand. The ability to offer precise motion control and speed across these applications and the ability to maintain and optimize the industrial operations has accelerated the product deployment. Manufacturing facilities and factories leverage increasing levels of intelligence to improve the output, flexibility and production quality which further will positively influence the dynamics.
 

China servo motors and drives market is set to grow over USD 5.6 billion by 2032. The ongoing expansion in the manufacturing sector has shifted focus toward optimization of process along with incorporation of advanced robotics solutions, will complement the industry landscape. For instance, according to the 2023 World Robot Conference, robotics industry in China has made significant progress, with revenue of over CNY 170 billion (USD 23.3 billion) in 2022 and ranking first globally for ten consecutive years. Moreover, growing inclination toward limiting the energy consumption coupled with increasing demand for reliable and efficient motor control solutions across variety of industrial operations and processes will augment the business landscape.
 

Asia Pacific Servo Motors and Drives Market Share

Major manufacturers operating across the Asia Pacific 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 industry participants including Yaskawa Electric Corporation, Fuji Electric, Danfoss, Bosch Rexroth Corporation, Siemens and, ABB, among other, accounts for the leading market share.
 

Asia Pacific Servo Motors and Drives Market Companies

Key players operating across the industry comprising of:

• ABB
• ADVANCED Motion Controls
• Aerotech, Inc.
• Allied Motion Technologies Inc.
• Applied Motion Products Inc.
• Bosch Rexroth Corporation
• Danfoss
• Delta Electronics, Inc.
• ESTUN AUTOMATION CO., LTD
• Fuji Electric Co., Ltd.
• KEB Automation
• Kollmorgen
• Rockwell Automation
• Schneider Electric
• Siemens
• WEG
• YASKAWA ELECTRIC CORPORATION
   

Asia Pacific Servo Motors and Drives Industry News

• In February 2024, SANYO DENKI CO., LTD. has introduced servo motors with 1.8 to 5 kW-output along with servo amplifiers with 75 to 150 A-capacity to its lineup of SANMOTION G servo system. These servo systems offer high performance and cones in a lightweight, compact, and energy-efficient design. These units are ideal for industrial applications including robotics, semiconductor manufacturing, machine tools, equipment, food manufacturing and medical equipment.
   
• In January 2024, Panasonic unveiled the MINAS A7 servo systems family along with CZ1 and A6SC series Servo Motors suitable for OEMs across India. These units are equipped with AI technology, that helps to deliver ultraprecise positioning accuracy across various applications including industrial robotics, semiconductor manufacturing, electronics among others.
   

The Asia Pacific servo motors and drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units and USD Million” from 2021 to 2032 for the following segments:

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Market, By Category

• Digital
• Analog

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