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DC Servo Motors and Drives Market Size

Report ID: GMI10846
Published Date: Aug 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
DC Servo Motors and Drives Market Size in 2023:	USD 4.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.3%
2032 Value Projection:	USD 8.1 Billion
Historical Data for:	2021 - 2023
No. of Pages:	80
Tables, Charts & Figures:	35
Segments covered:	Category, Application and Region
Growth Drivers:	Stringent energy efficiency directives by respective authorities Ongoing expansion of industrial operations and growing automotive sector Increasing momentum across energy-intensive industrial operations
Pitfalls & Challenges:	High upfront cost

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size for DC servo motors and drives was valued at USD 4.6 billion in 2023 and is set to grow at CAGR of 6.3% 2032, owing to growing automation across the energy-intensive sectors.

The metal cutting & forming segment of the DC servo motors and drives market is set to witness over 5% CAGR through 2032, driven by the rising demand for advanced technological machinery in metal cutting.

Asia Pacific market is set to generate USD 3.4 billion by 2032, driven by a rapidly growing population, flourishing investments for energy intensive industries along with shifting focus on enhancing motor control.

Allied Motion, Inc, Applied Motion Products, Inc, AXOR IND. S.a.s, Bosch Rexroth Corporation, Fuji Electric Co., Ltd, Ingenia Cat S.L.U. among others.