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Servo Drives Market Share

Report ID: GMI4204
Published Date: Nov 2024
Report Format: PDF

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Servo Drives Market Share

Major manufacturers in the servo drives industry are bolstering their market presence through strategic alliances and acquisitions. These companies are rolling out cutting-edge technologies and products to solidify their industry standing. The market is largely controlled by a handful of key players, including ABB, Siemens, Rockwell, Danfoss, Panasonic and Schneider Electric. Together, these firms command a significant portion of the market share, shaping the competitive landscape of the servo motors and drives market.

Servo Drives Market Companies

Major players operating across the industry include:

ABB
Advanced Motion Controls
Beckhoff Automation
C&M Robotics
Danfoss
DMM Technology
Delta Electronics
Kollmorgen
KEB Automation
Leadshine
Mitsubishi Electric
Nidec Motor
Omron
Panasonic
Parker Hannifin
Rockwell Automation
Schneider Electric
Siemens
WEG

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global market size for servo drives was valued at USD 2.3 billion in 2024 and is expected to reach USD 3.4 billion by 2034, driven by a CAGR of 3.7% from 2025 to 2034.

The AC drive segment is anticipated to grow to over USD 2.4 billion by 2034, driven by its ability to manage high current surges and operate independently from a power source.

The U.S. market is projected to exceed USD 330 million by 2034, driven by energy efficiency regulations and the growth of industrial automation and robotics.

Major players in the industry include ABB, Advanced Motion Controls, Beckhoff Automation, C&M Robotics, Danfoss, DMM Technology, Delta Electronics, Kollmorgen, KEB Automation, Leadshine, Mitsubishi Electric, and Nidec Motor.