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Digital Servo Motors and Drives Market Share

Report ID: GMI7544
Published Date: Oct 2024
Report Format: PDF

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Digital Servo Motors and Drives Market Share

Digital Servo Motors and Drives Market Company Share Analysis, 2023

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

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global market size for digital servo motors and drives was valued at USD 8.5 billion in 2023 and is expected to reach USD 15.4 billion by 2032, driven by a CAGR of 6.7% from 2024 to 2032.

The digital servo motors and drives industry from 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.

U.S. market is anticipated to surpass USD 2.8 billion by 2032, driven by the ongoing shift towards industrial automation.

Major players in 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, and WEG.