Digital Servo Motors and Drives Market – By Drive, By Application & Forecast, 2024 - 2032

Digital Servo Motors and Drives Market Size

The global digital servo motors and drives market size in 2023 was valued at USD 8.5 billion and is estimated to grow at a CAGR of 6.7% from 2024 to 2032, due to the increasing emphasis on energy-efficient systems and the implementation of energy consumption regulations.
 

The surge in infrastructure development investments has led to a higher demand for HVAC systems, which play a crucial role in optimizing energy output in buildings. These systems contribute to industry expansion through their capacity to deliver precise motor speed control, resulting in energy conservation, enhanced process management.
 

Rising investments in infrastructure development have driven demand for advanced motor control systems will add to the industry growth. These systems optimize energy output, provide precise motor speed control, and enhance process control and automation, contributing to a positive market outlook. For instance, in May 2023, MOVENSYS Inc. and Mitsubishi Electric Corporation unveiled a collaborative venture to strengthen their respective positions in the motion control and AC servo sector. The partnership involves Mitsubishi Electric acquiring a stake in Movensys, as outlined in their agreement. This strategic move is designed to integrate Movensys' technological prowess and product innovation capabilities with Mitsubishi Electric's established presence, aiming to bolster the latter's AC servo business.
 

Digital Servo Motors and Drives Market Trends

Digital servo motors and drives industry is anticipated to witness significant growth owing to continuous technological advancements in industrial automation and stringent government regulations promoting environmental sustainability. The sector is poised for substantial expansion, driven by the growing integration of robotics & automation across routine operations. Additionally, the adoption of smart manufacturing practices is accelerating, especially in major industrial automation segments. The surge in demand for highly efficient motor control systems across diverse industries, alongside the expansion of the automated vehicles, is expected to fuel market growth.
 

Digital Servo Motors and Drives Market Analysis

AC drives segment is anticipated to grow over USD 11.5 billion by 2032. The increasing automation across various industrial applications, coupled with the introduction of Industry 4.0, has heightened the demand for AC servo motors and drives, positively influencing the market dynamics. AC motors are widely utilized in numerous industries due to their superior performance in both full-load and variable load conditions. Additionally, the ongoing refurbishment and development of industrial establishments, along with the increasing installation of advanced automation and feedback communication systems, are expected to positively impact the AC servo motors and drives market.
 

Metal cutting & forming segment is projected to observe a substantial growth rate of over 5% through 2032, driven by advancements in technology and the increasing demand for efficiency and precision. The widespread adoption of intelligent and sophisticated manufacturing techniques, necessitating specialized metal shaping and cutting for exact measurements and finishes, is fuelling product demand. Additionally, the integration of smart technologies, including IoT and AI, to attain real-time monitoring and data analysis to optimize processes, predict maintenance needs, and improve overall equipment effectiveness will propel the industry outlook.
 

U.S. digital servo motors and drives market is anticipated to surpass USD 2.8 billion by 2032. The ongoing shift towards industrial automation is prompting manufacturers to invest in digital servo solutions that offer enhanced performance, energy efficiency, and real-time monitoring capabilities. Additionally, the growing emphasis on robotics and automated machinery in sectors including manufacturing, aerospace, and automotive, among others, is fueling demand for high-precision servo motors and drives. Moreover, the industry manufacturers strive to reduce operational costs and increase production flexibility, propelling the demand towards compact and lightweight servo motors, thereby augmenting the North America digital servo motors and drives industry pace.
 

Digital Servo Motors and Drives Market Share

The digital servo motors and drives industry is dominated by key players such as ABB, Fuji Electric, Danfoss, Siemens, Rockwell Automation, and Emerson, among others. These companies command a substantial market share and are actively engaged in strategic initiatives to strengthen their market position. Their strategies include forming partnerships, pursuing collaborations, and executing mergers. Furthermore, the industry players are focusing on product innovation and expanding their production capabilities, which contributes to the overall growth of the industry.
 

Digital Servo Motors and Drives Market Companies

Major players operating across the industry include:

• ABB
• Beckhoff Automation
• Bosch Rexroth
• CM Robotics
• Dai-ichi Dentsu
• Danfoss
• Delta Electronics
• Emerson Electric
• Fuji Electric
• Hitachi
• Mitsubishi Electric
• Promess
• Rockwell Automation
• Schneider Electric
• Siemens
• Sprint Electric
• WEG
• Yaskawa
   

Digital Servo Motors and Drives Industry News

• In January 2024, Siemens unveiled significant hardware and software updates to its leading servo motor and drive system called SINAMICS S210, aimed at enhancing safety, precision, and compatibility. As part of Siemens' renowned SINAMICS portfolio, which includes converters, motors, and gear units, the S210 series stands out for dynamic applications requiring high performance and accuracy.
   
• In January 2024, Advanced Motion Controls introduced its next-generation FlexPro EtherNet/IP servo drives. These devices are part of AMC's latest line of digital servo drives, characterized by their reliable, high-power, and compact design. The drives feature enhanced processing and storage capabilities, offering improved intelligence and operational flexibility. They can be controlled and monitored centrally and integrate easily into existing systems.
   

Digital 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 Drive

• AC drive
• DC drive

Market, By Application

• Oil and gas
• Metal cutting & forming
• Material handling equipment
• Packaging and labeling 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 region & countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Norway
  • Sweden
  • Denmark
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Thailand
  • Malaysia
  • Philippines
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Jordan
  • Iran
  • South Africa
  • Nigeria
  • Egypt
  • Algeria
• Latin America
  • Brazil
  • Argentina
  • Chile