Servo Drives Market Analysis

Servo Drives Market Analysis

AC drive segment is anticipated to grow over USD 2.4 billion by 2034. AC servo drives offer the ability to manage high current surges and operate independently from a power source, providing simpler operations compared to alternative solutions. The increasing adoption of these units across heavy-duty applications, particularly in automation and robotics, will complement the business landscape. Increasing demand for high-end power consumption, particularly from advanced HVAC systems along with ongoing technological advancements will further augment the AC drives industry outlook.
 

Analog segment is anticipated to witness a CAGR of over 4% till 2034. Analog servo drives are key components in various industries, enabling precise mechanical motor movements. These units use voltage or current signals to control servo motors, ensuring accurate positioning, speed, and torque regulation, further augmenting product deployment. Widespread applications of these units across manufacturing, robotics, automotive, aerospace sectors, where they play a vital role in enhancing operational efficiency, further contributing to the analog servo motors and drives industry growth.
 

U.S. servo drives market is set to grow over USD 330 million by 2034. Energy efficiency regulations, rising energy consumption, and the growth of industrial automation and robotics are shaping the industry landscape. For instance, in January 2024, the U.S. Department of Energy proposed new energy efficiency standards for fans and blowers. These regulations apply to air circulating fans, blowers and general fans aiming to improve their energy efficiency. The shift towards automated solutions to increase productivity and flexibility is transforming business operations and influencing industry dynamics. Moreover, efforts to reduce energy consumption and lower costs across manufacturing processes will further contribute to the industry growth.