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North America Digital Servo Motors and Drives Market Size

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

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North America Digital Servo Motors and Drives Market Size

North America digital servo motors and drives market size was estimated at USD 2.2 billion in 2024 and is projected to witness a CAGR of 6.8% from 2025 to 2034. The growing demand for energy-efficient systems across various industrial operations, coupled with stringent regulatory requirements on energy consumption, is fueling the market growth.

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For instance, as of by February 2024, annual investments in new manufacturing facilities had approached USD 225 billion, backed by bipartisan infrastructure efforts and Democratic initiatives in clean energy and manufacturing. The intersection of growing efficiency demands, infrastructure development, and consumer preferences for advanced systems is shaping the evolving landscape of the industry.

North America Digital Servo Motors and Drives Market Report Attributes
Report Attribute	Details
Base Year:	2024
North America Digital Servo Motors and Drives Market Size in 2024:	USD 2.2 billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	6.8%
2034 Value Projection:	USD 4.4 billion
Historical Data for:	2021 - 2023
No. of Pages:	95
Tables, Charts & Figures:	14
Segments covered:	Drive, Application, and Country
Growth Drivers:	Expanding industrial operations and growing automotive sector Stringent energy efficiency mandates by the authorities and increasing energy consumption
Pitfalls & Challenges:	Substantial initial installation cost

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The North American digital servo motors and drives industry was valued at USD 2.2 billion in 2024 and is projected to grow at a 6.8% CAGR from 2025 to 2034, driven by the increasing demand for energy-efficient systems and stringent regulatory requirements on energy consumption.

The AC drives segment is expected to surpass USD 3.3 billion by 2034, fueled by the increasing automation of industrial processes and the integration of advanced machinery in manufacturing facilities to boost efficiency.

The U.S. digital servo motors and drives market is anticipated to exceed USD 3 billion by 2034, driven by stringent regulations aimed at improving energy efficiency and security, a rapid increase in energy consumption, and a surge in investments in industrial automation and robotics.

Major industry players include Aerotech, Advanced Motion Controls, ABB, Applied Motion Products, Bosch Rexroth, Beckhoff Automation, Delta Electronics, Danfoss, Emerson Electric, and Elmo Motion Control.