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DC Servo Motors and Drives Market Trends

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

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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.

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.