Get a free sample of North America Servo Motors and Drives Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of North America Servo Motors and Drives Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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
What are the key growth drivers for the North America servo motors and drives market?
The market is driven by stringent energy-efficient standards set by governments, rising investments in industrial operations, booming automation initiatives, and a surge in energy-intensive industrial operations.
How is North America servo motors and drives market expected to grow from 2023 to 2032?
In 2023, the North American market for servo motors and drives was valued at USD 4.3 billion. It is projected to grow at a CAGR of 6.8%, reaching USD 7.9 billion by 2032.
Which region in North America is expected to see significant growth in the servo motors and drives market?
The U.S. servo motors and drives market is anticipated to surpass USD 5.7 billion by 2032, driven by advancements in automation, adoption of smart manufacturing practices, and a growing emphasis on energy efficiency and sustainability.
Who are some of the key players in the North America servo motors and drives industry?
Key players in the industry include 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, and Yaskawa Electric.