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Europe Digital Servo Motors and Drives Market Size

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

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Digital Servo Motors and Drives Market Size in 2023:	USD 1.6 billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.3%
2032 Value Projection:	USD 3.2 Billion
Historical Data for:	2021 - 2023
No. of Pages:	80
Tables, Charts & Figures:	12
Segments covered:	Drive, Application and Country
Growth Drivers:	Stringent energy efficiency directives by respective authorities Ongoing expansion of industrial operations coupled with growing automotive sector
Pitfalls & Challenges:	Availability of other servo technologies

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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.