DC Servo Motors and Drives Market – By Category (Digital, Analog), By Application (Oil and Gas, Metal Cutting & Forming, Material Handling Equipment, Robotics, Medical Robotics, Semiconductor machinery, AGV, Electronics), & Forecast, 2024 – 2032

DC Servo Motors and Drives Market Size

DC Servo Motors and Drives Market Size was valued at USD 4.6 billion in 2023 and the industry is set to grow at CAGR of 6.3% between 2024 and 2032. Growing automation across the energy intensive sectors along with introduction of enhanced products and technologies to meet changing user demands will complement the business landscape.
 

Flourishing investments in infrastructure have increased the demand for HVAC systems, which play a crucial role in optimizing energy output for various projects. As efficiency demands evolve, infrastructure advancements progress, and consumers lean towards units with superior resistance and control, the business landscape is poised for significant transformation.
 

DC Servo Motors and Drives Market Trends

The DC servo motors and drives industry is set to grow owing to Technological advancements in industrial automation are on the rise, driven by government mandates for environmental sustainability. Smart manufacturing is gaining momentum in the industrial automation sector along with increasing need for reliable and efficient motor control solutions across energy intensive industries will complement the industry landscape. For example, initiatives such as Udyog Bharat 4.0 and SAMARTH are working to enhance Industry 4.0 awareness in Indian manufacturing and tackle challenges in automated material handling. Increasing focus on technological innovations and the adoption of the Industrial Internet of Things (IIoT) for system optimization and energy efficiency is set to propel the industry growth.
 

DC Servo Motors and Drives Market Analysis

The analog segment is set to grow at over USD 4.4 billion by 2032 and will gain significant momentum owing to increasing automation across manufacturing sector driven by the need for precise control and reliability in applications like robotics, CNC machines, and conveyor systems. Technological enhancements including improved performance and cost efficiency, are accelerating the adoption of these systems across diverse applications including aerospace and automotive for their demand for high-precision and high-speed operations further augmenting the analog servo motors & drives industry outlook
 

The metal cutting & forming application is set to witness a CAGR of over 5% through 2032. Rising demand for advanced technological machinery in metal cutting is surging across various industries, including iron & steel, driven by the need for precision have accelerated the product demand. The ability of these units to provide precise motion control and speed and optimize industrial operations, will augment the business landscape. Furthermore, expansion of advanced manufacturing facilities and processes along with increasingly adoption of these units to boost output, flexibility, and production quality, will further shape the industry dynamics.
 

Asia Pacific DC Servo Motors and Drives market is set to grow at USD 3.4 billion by 2032. Rapidly growing population, flourishing investments for energy intensive industries along with shifting focus on enhancing motor control is set to complement the business landscape. Stringent regulations focused on boosting energy efficiency along with increasing energy consumption, expanding industrial automation and robotics across various industries will positively influence the industry outlook. Moreover, paradigm shift toward adopting enhanced automation solutions, focused at improving productivity and flexibility, will shape the business dynamics.
 

DC Servo Motors and Drives Market Share

Key manufacturers operating in the DC servo motors and drives industry are actively pursuing strategic partnerships, introducing new products, focusing on mergers and acquisitions to strengthening their position in the industry. Fuji Electric Co., Ltd., Siemens, Kollmorgen, Nidec Corporation, and Panasonic Corporation holds the majority of market share in the market.
 

DC Servo Motors and Drives Market Companies

Key industry players operating across industry include:

• Allied Motion, Inc.
• Applied Motion Products, Inc.
• AXOR IND. S.a.s
• Bosch Rexroth Corporation
• Fuji Electric Co., Ltd.
• Ingenia Cat S.L.U.
• JVL A/S
• Kinco Electric (Shenzhen) Ltd.
• Kollmorgen
• Leadshine
• NIDEC CORPORATION
• Panasonic Corporation
• Shenzhen Jiayu Mechatronic Co., Ltd.
• Siemens
   

DC Servo Motors and Drives Industry News

• In April 2024, JVL A/S unveiled its latest innovation of brushless DC motor designed for OEM machines namely MAC320-P. The product is designed to deliver 320W RMS power, making it the most powerful motor in its class. The MAC320-P offers higher efficiency and lower operating temperatures along with options for Ethernet connectivity, STO & brake connectors, servo feedback options, and provide precise positioning with its magnetic encoder.
   
• In October 2023, Applied Motion Products has just introduced new products under its SM Series Servo Motors product line, fabricated for high-speed and energy-efficient applications. The couple of products are specifically designed for automated guided vehicle (AGV) systems with built-in magnetic encoder and durable operations. The launch consists of two models with low rotor inertia design and are termed as SM0602s & SM0803s offering output power ratings of 400W and 750W, respectively.
   

The DC servo motors and drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” and “USD Million” from 2021 to 2032 for the following segments:

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Market, By Category

• Digital
• Analog

Market, By Application

• Oil and gas
• Metal cutting & forming
• Material handling equipment
• Packaging and labelling 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 regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Chile