DC Servo Motors and Drives Market Size – By Category, By Application, Analysis, Share, Growth Forecast, 2024 – 2032

DC Servo Motors and Drives Market Size

The global 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% 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. Increasing the efficiency need leads to development of various improvements in the infrastructures with better resistance and smart controls, therefore promising a positive business potential.

DC Servo Motors and Drives Market Trends

The encouraging plans supporting the market growth attributed to the rising technological advancements in industrial automation which are being driven by government policies on environmental sustainability. Along with the increasing demand for dependable and effective motor control systems across energy intensive industries, smart manufacturing is also increasing in importance in the industrial automation sector. For example, government initiative including Udyog Bharat 4.0 and SAMARTH are aiming to raise the understanding of Industry 4.0 in India’s manufacturing sector and solve issues pertaining to the automated material handling solutions. The greater emphasis on technology development and the adoption of the IIoT for system optimization and energy efficiency are set to drive the industry.
 

DC Servo Motors and Drives Market Analysis

The analog segment is set to grow 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.
 

The Asia Pacific DC servo motors and drives market is set to grow at USD 3.4 billion in 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 MAC series of motors also has Ethernet capabilities along with connections for STO & brakes, feedback servos, and precise positioning mechanisms in the form of encoders. These outperforms the previous generation of motors in terms of efficiency and operating temperatures.
   
• In October 2023, Applied Motion Products confirmed the launch of a new product from its SM Series Servo Motors family, specially engineered for high speed and low energy applications. The two products are optimized for automated guided vehicle (AGV) systems and come with the magnetic encoder incorporated directly into the motor. The new product line features a low rotor inertia design, and branded as SM0602s & SM0803s, with the 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