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Asia Pacific Servo Motors and Drives Market Trends

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

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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.

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.