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Asia Pacific Servo Motors and Drives Market Size

Report ID: GMI10282
Published Date: Jul 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Servo Motors and Drives Market Size in 2023:	USD 8.1 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6.2%
2032 Value Projection:	USD 14 Billion
Historical Data for:	2021 - 2023
No. of Pages:	75
Tables, Charts & Figures:	16
Segments covered:	Category, 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 valued at USD 8.1 billion in 2023 and is set to attain 6.2% CAGR during 2024-2032, driven by growing focus on infrastructural development.

The metal cutting & forming segment of the APAC servo motors and drives market is anticipated to observe over 5% CAGR through 2032, driven by growing adoption of advanced technological machinery for metal cutting.

China servo motors and drives market is set to exceed USD 5.6 billion by 2032, driven by incorporation of advanced robotics solutions.

ABB, ADVANCED Motion Controls, Aerotech, Inc, Allied Motion Technologies Inc, Applied Motion Products Inc, Bosch Rexroth Corporation, Danfoss, and Delta Electronics, Inc. among others.