North America Servo Motors and Drives Market – By Category, By Drive, By Application & Forecast, 2024 – 2032

North America Servo Motors and Drives Market Size

North America servo motors and drives market was evaluated at USD 4.3 billion in 2023 and is anticipated to achieve a growth rate of 6.8% between 2024 and 2032. The servo motors and drives industry is experiencing growth due to the increasing adoption of highly energy-efficient devices in various industrial operations.
 

Furthermore, new initiatives aimed at developing advanced manufacturing and processing facilities coupled with ongoing technological innovations will boost the product demand. For instance, in July 2023, Siemens launched the Sinamics S200, a new servo drive system offering a power range of 0.1 to 1 kW at 200V and 0.2 to 7 kW at 400V, designed for precise applications, particularly in the electronics and battery manufacturing sectors, among others.
 

North America Servo Motors and Drives Market Trends

North America servo motors and drives industry is undergoing significant transformation due to advancements in technology, the rise of industrial automation, and growing demands for energy efficiency. Moreover, ongoing technological innovations in feedback systems including high-resolution encoders and enhanced control loops, allow for finer control over position, speed, and torque will favor the industry landscape. For instance, in December 2023, KEB Automation KG launched its DL4 series of brushless servo motors targeted at North American original equipment manufacturers (OEMs). These DL4 synchronous servo motors are designed to deliver high torque, efficiency, and precise control, making them ideal for handling heavy loads and intricate motion tasks in large industrial machinery.
 

North America Servo Motors and Drives Market Analysis

Based on category, the analog segment is expected to cross USD 3.8 billion by 2032, The market is evolving as customers increasingly prefer advanced systems with improved control capabilities. New systems are favored for their simplicity, ease of integration, and effectiveness in providing precise control in diverse settings, contributing to the overall expansion of the servo systems. In addition, the expanding manufacturing industries, growing investments in industrial automation, and increasing adoption of energy-efficient technologies are among the key parameters unveiling new opportunities in the analog servo motors and drives industry.
 

AC drive segment is set to a witness of CAGR of over 6.7% till 2032, due to improved operational features that enable effective handling of high current surges, increased torque, high operating speeds, and reduced noise. Additionally, continuous technological advancements and supportive regulatory policies focused on enhancing operational efficiencies will favor the industry dynamics. Moreover, the regional AC servo motors and drives industry growth is further fueled by increasing demand for high-performance automation solutions across various industries to enhance the operational efficiency innovative products.
 

U.S. servo motors and drives market is anticipated to surpass 5.7 billion by 2032, driven by advancements in automation, adoption of smart manufacturing practices, and growing emphasis on energy efficiency & sustainability, among other parameters. Moreover, ongoing resurgence in consumer demand for various goods coupled with growing need to stimulate production in key industries and boost output will favor the product deployment. For instance, in September 2024, the U.S. Federal Reserve System reported that the overall industrial production index increased 0.8 percentage points in August clocking 103.1 from baseline 2017 levels. Moreover, federal and state-level initiatives promoting energy efficiency and the modernization of industrial processes through automation will drive the adoption of servo motors and drives across various verticals.
 

North America Servo Motors and Drives Market Share

The servo motors and drives industry is characterized by a diverse range of manufacturers operating at various scales. These companies have implemented multiple strategies to strengthen their market position, integrating vertically within the supply chain, and expanding their production capabilities. Major players in the region, including Rockwell Automation, along with global giants like Siemens, ABB, and Panasonic Corporation, engage in fierce competition.
 

North America Servo Motors and Drives Market Companies

Some of the key players operating across industry includes:

• ABB
• Advanced Motion Controls
• Allied Motion
• Baumuller
• Bosch Rexroth
• Danfoss
• Delta Electronics
• Fuji Electric
• Hitachi
• Ingenia Cat
• KEB Automation
• Kollmorgen
• Mitsubishi Electric
• Nidec
• Panasonic
• Rockwell Automation
• Schneider Electric
• Siemens
• Yaskawa Electric
   

North America Servo Motors and Drives Industry News

• In September 2024, Smart Motor Devices has announced the expansion of its product range to include industrial AC servomotors and drives, now available for order. This addition enhances the company's offerings, providing customers with advanced motion control solutions designed for precision, reliability, and efficiency in industrial applications. The new AC servomotors and drives are engineered to meet the growing demand for high-performance automation systems across various industries.
   
• In January 2024, Applied Motion Products, Inc. introduced the M5 Servo Drive Series, an expansion of its SV200 line of servo drives. This new product is designed to offer a power range from 200 W to 3,000 W, featuring enhanced safety functions. It delivers several benefits, including precise motion control, smooth operation, high throughput, and tailored OEM solutions, among other advanced features.
   

North America servo motors and drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “'USD Million” and “’000 Units” from 2021 to 2032 for the following segments:

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Market, By Category

• Digital
• Analog

Market, By Drive

• AC Drive
• DC Drive

Market, By Application

• Oil & gas
• Meta cutting & forming
• Material handling equipment
• Packaging and labeling machinery
• Robotics
• Medical robotics
• Rubber & plastics machinery
• Warehousing
• Automation
• Extreme environment applications
• Semiconductor machinery
• AGV
• Electronics
• Others

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico