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Europe Digital Servo Motors and Drives Market Share

Report ID: GMI11741
Published Date: Oct 2024
Report Format: PDF

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Europe Digital Servo Motors and Drives Market Share

Digital Servo Motors and Drives Market Company Share Analysis, 2023

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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

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

Europe digital servo motors and drives industry was valued at USD 1.6 billion in 2023 and is estimated to grow at a 7.3% CAGR from 2024 to 2032, driven by the rising demand for energy-efficient systems and stringent energy consumption regulations.

The AC drives segment is anticipated to exceed USD 2.3 billion by 2032, fueled by the widespread adoption of automation in industrial processes and a shift towards smart manufacturing practices.

Germany's digital servo motors and drives market is set to cross USD 500 million by 2032, driven by growing industrial automation and the implementation of digital systems to enhance productivity and operational flexibility.

Key players in the industry include ABB, Advanced Motion Controls, Aerotech, Allied Motion, Applied Motion Products, Beckhoff, Bosch Rexroth, Danfoss, Delta Electronics, and Elmo Motion Control.