Europe Digital Servo Motors and Drives Market - By Drive, By Application, Analysis, Share, Growth Forecast, 2024 - 2032

Europe Digital Servo Motors and Drives Market Size

Europe digital servo motors and drives market size was valued at USD 1.6 billion in 2023 and is estimated to grow at a CAGR of 7.3% from 2024 to 2032. Significantly expanding demand for energy-efficient systems along with the implementation of stringent regulations on energy consumption will complement the business landscape. Growing adoption of energy-efficient systems and stringent mandates toward enhancing the energy efficiency of industrial processes will positively influence the business outlook.
 

Increased investments in infrastructure development have boosted the demand for enhanced motor control systems that optimize energy output, offering precise motor speed control, improved process control, and automation augmenting the business outlook. For instance, in July 2024, The European Commission unveiled the sixth investment package under the EU's Economic and Investment Plan for Western Balkans, which is projected to mobilize USD 1.34 billion (EUR 1.2 billion) in investments. This package will support eight new flagship initiatives in water supply and sanitation, wastewater treatment, rail transport, and innovation and green transformation for small and medium enterprises.
 

Europe Digital Servo Motors and Drives Market Trends

Europe 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. Ongoing expansion of smart manufacturing and supportive policies for industrial development will complement the industry landscape.
 

For instance, in July 2024, The European Bank for Reconstruction and Development and European Union have established a joint facility to invest in raw materials exploration. This USD 111 million initiative aims to support EU's green and digital transition, develop sustainable projects, secure industrial resource supply while adhering to EU standards. Moreover, growing adoption of IIoT and increased focus on technological advancements to optimize system and improve energy efficiency will positively influence the business dynamics.
 

Europe Digital Servo Motors and Drives Market Analysis

AC drives segment is anticipated to grow over USD 2.3 billion by 2032. Widespread adoption of automation in industrial processes along with paradigm shift towards smart manufacturing practices, which prioritize improved productivity and reliability, is fueling the demand for precise and robust control systems. Growing inclination to enhance energy efficiency, decrease mechanical wear on motors and equipment, and improved control in various industrial applications will augment the AC servo motors and drives industry landscape.
 

Metal cutting & forming segment is set to witness significant a CAGR of over 6% through 2032. Increasing demand for lightweight, high-strength metals in aerospace and automotive industries, coupled with accelerated investment in industrial development, is positively influencing the industry outlook. Growing adoption of smart and enhanced manufacturing processes that require specific metal forming and cutting to ensure precise dimensions and finishing will augmenting the product demand. Automation integration enhances production quality and reduces output time, mitigating risks in metal cutting operations, improve operational flexibility through accurate angular movements which is set to accelerate the product deployment.
 

Germany digital servo motors and drives market is set to cross USD 500 million by 2032. Growing industrial automation and focus to enhance productivity and operational flexibility along with implementation of digital systems to streamline industrial processes and boost overall efficiency will complement the business landscape. Supportive policies by respective authorities aimed at promoting industrial development and the implementation of Industry 4.0, will complement the industry landscape. For instance, in April 2024, in April 2024, the European Commission endorsed a USD 2.6 billion initiative across Germany to promote industrial decarbonization. This scheme, approved under the State Aid Temporary Crisis and Transition Framework, supports Green Deal Industrial Plan and aims to expedite the shift towards cleaner industrial practices.
 

Europe Digital Servo Motors and Drives Market Share

Key players in the Europe market, including ABB, Fuji Electric, Mitsubishi Electric, Siemens, Rockwell Automation, and Yaskawa, hold a significant market share. These companies are actively pursuing strategic partnerships, collaborations, and mergers to enhance their market presence. Additionally, these manufacturers are investing in product innovation and expanding production capacity, contributing to overall industry growth.
 

Europe Digital Servo Motors and Drives Market Companies

Some of the key players operating across the industry includes:

• ABB
• Advanced Motion Controls
• Aerotech
• Allied Motion
• Applied Motion Products
• Beckhoff
• Bosch Rexroth
• Danfoss
• Delta Electronics
• Elmo Motion Control
• Estun
• Fuji Electric
• Kollmorgen
• Mitsubishi Electric
• Motor Technology
• Rockwell Automation
• Schneider Electric
• Siemens
• Yaskawa
   

Europe Digital Servo Motors and Drives Industry News

• In January 2024, Siemens has upgraded its Sinamics S210 servo drive system with new hardware and V6 software, broadening its applications. The system excels in high-dynamic tasks within the 50 W to 7 kW range. A key enhancement is the integration of motion control simulation capabilities. Users can now create a digital twin in the TIA Portal, enabling virtual commissioning, engineering, and training.
   
• In October 2023, Advanced Motion Products unveiled a new line of servo motors and drives tailored for automated guided vehicles and autonomous mobile robots. These 48 VDC brushless DC servo motors, equipped with robust magnetic encoders, are designed to work seamlessly with high-current drives. The system supports industry-standard communication protocols, ensuring compatibility with AGV requirements. This product line aims to meet the growing demand for reliable motion control solutions in the rapidly expanding AGV and AMR markets.
   

Europe 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 countries:

• UK
• Germany
• France
• Italy
• Spain
• Norway
• Sweden
• Denmark