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North America Servo Motors and Drives Market Trends

Report ID: GMI11560
Published Date: Sep 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.