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North America Digital Servo Motors and Drives Market Trends

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

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North America Digital Servo Motors and Drives Market Trends

North America digital servo motors and drives industry is poised for significant growth, driven by the ongoing trend toward digital transformation, the adoption of Industry 4.0, and the rise in automation. Additionally, a growing focus on technological innovation, alongside the integration of the Industrial Internet of Things (IIoT) to optimize system sizing and improve energy efficiency, will further support the industry's expansion. Moreover, increased investments in infrastructure along with the growing need for HVAC systems that optimize energy output, enable precise motor speed control, and improve process efficiency will add to the industry's expansion.

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.