Servo Motors and Drives Market Analysis

Servo Motors and Drives Market Analysis

Based on category, the industry is primarily categorized into analog and digital. Digital servo motors and drives industry is projected to cross USD 15 billion by 2032 owing to the transition towards advanced systems backed by the rapid shift in customer adoption pattern towards innovative units with enhanced control capabilities and high holding power. Rapidly increasing investments towards expansion of manufacturing industries, growing investments across industrial automation, and positive outlook towards integrating energy efficient technologies will unveil new opportunities across the industry landscape.
 

AC drive units are projected to observe a growth rate of over 6.5% through 2032 owing to enhanced operational characteristics to effectively handle high current surges, elevated torque, high operating speeds, and less noise functions. Moreover, rapid technological advancements along with the encouraging administrative policies emphasizing on reinforcements of operations will further complement the AC servo motors & drives market growth. For instance, in September 2022, Kollmorgen introduced a new line of enhanced performance brushless AC servo motors named as EKM series. The new product is specifically designed to withstand extreme environment conditions and deliver various advantages including high speed ratings up to 8000 RPM, efficient environmental sealing, high power & torque density, and high voltage insulation of 480 VAC.
 

Asia Pacific servo motors and drives market is set to cross USD 13.8 billion by 2032 owing to growing investments towards expanding the manufacturing & process industries coupled with rising investments across research & development initiatives. Favorable initiatives by the emerging economies to boost digital transformation coupled with the integration of technological advancements to monitor the performance in real-time areas will boost the industry landscape.
 

For instance, in September 2023, Japan based Panasonic Corporation introduced the industry’s one the leading AI equipped servo system diminishing the human functioning time by 90%. The company’s MINAS A7 family servo system delivers precise tuning work, enhanced energy savings, highly accurate control, and was set to be launched in January 2024 in Japan, with a global release shortly after.