Europe Digital Servo Motors and Drives Market Analysis

Europe Digital Servo Motors and Drives Market Analysis

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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.