Asia Pacific Servo Motors and Drives Market Analysis

Asia Pacific Servo Motors and Drives Market Analysis

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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.