North America Servo Motors and Drives Market Analysis

North America Servo Motors and Drives Market Analysis

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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.