Home > Semiconductors & Electronics > Automation > Industrial Automation > North America Digital Servo Motors and Drives Market

North America Digital Servo Motors and Drives Market Share

Report ID: GMI9921
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

North America Digital Servo Motors and Drives Market Share

North America Digital Servo Motors and Drives Company Market Share Analysis, 2023

To get key market trends

Download Free Sample

Eminent manufacturers operating across the North America digital servo motors and drives industry are aiming to make strategic alliances, collaborations, partnerships and mergers and acquisitions to increase their competitive edge over the other competitors. Major manufactures including ABB, Danfoss, Bosch Rexroth Corporation, Emerson Electric Co., Yaskawa America Inc., and Rockwell Automation among others holds the majority of the market share.

North America Digital Servo Motors and Drives Market Companies

Major key players are:

ABB
ADVANCED Motion Controls
Aerotech, Inc.
Applied Motion Products, Inc.
Beckhoff Automation
Bosch Rexroth Corporation
Danfoss
Delta Electronics, Inc.
Elmo Motion Control Ltd.
Emerson Electric Co.
Geckodrive
Kollmorgen
Rockwell Automation
Schneider Electric
Teknic, Inc.
WEG
YASKAWA America Inc.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

North America digital servo motors and drives industry size was worth USD 2.1 billion in 2023 and is projected to expand at 6.9% CAGR from 2024 to 2032, led by the rising demand for energy-efficient systems across various industrial operations.

The AC drives segment in the North America digital servo motors and drives industry is projected to surpass USD 3 billion by 2032, due to the growing automation across several industrial processes.

The metal cutting & forming application segment in the North America digital servo motors and drives industry will grow at over 6% CAGR from 2024 to 2032, owing to the increasing demand for lightweight, high-strength metals in industries like aerospace and automotive.

U.S. digital servo motors and drives market is anticipated to record more than USD 2.8 billion by 2032, on account of the stringent regulations toward enhancing the energy efficiency & security and accelerating investments across industrial automation.