Servo Motors and Drives Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

Global Servo Motors and Drives Market will register over 6.7% CAGR from 2024 to 2032, driven by advancements in automation technology. As manufacturers and businesses strive for increased precision and efficiency, the adoption of servo motors and drives has surged. These components offer superior control over motion, speed, and position, which enhances productivity and reduces operational costs. Quoting an instance, in May 2023, Siemens launched the Sinamics S200 servo drive system, optimized for battery and electronics industries. This compact, scalable system features precise control, high dynamic performance, and easy integration with the TIA Portal, offering a space-saving and future-proof solution.

Additionally, there is a push towards Industry 4.0, which emphasizes smart manufacturing and IoT integration. The upsurge in demand for robotics and advanced manufacturing processes is fueling market expansion, as servo systems are integral to these high-tech applications

The servo motors and drives market is grouped based on category, drive, application, and region.

The analog segment will record a notable CAGR through 2032, attributed to its cost-effectiveness and simplicity. Analog servo systems are preferred for their straightforward design and ease of integration, making them suitable for less complex automation tasks where high precision and advanced features of digital systems are not essential. Additionally, analog systems offer reliable performance with fewer components, which reduces maintenance and operational costs. As industries seek to balance performance with budget constraints, the analog segment's reliability is boosting its adoption.

The DC drive segment will clutch prominent servo motors and drives market share by 2032, driven by robust performance and simplicity in control. DC drives provide precise speed and torque control, which is essential for applications requiring smooth and consistent motion. Their ease of use and adaptability in both low and high-power scenarios make them a preferred choice in the manufacturing and automotive industries. Developments in DC drive technology, such as enhanced efficiency and reduced maintenance needs, are propelling the adoption.

North America servo motors and drives market will witness a noticeable CAGR between 2024 and 2032, driven by rapid advancements in automation technologies and the spurring adoption of smart manufacturing practices. Additionally, the rising focus on enhancing operational efficiency has led to greater implementation of servo systems. Supportive government initiatives and investments in technology innovation fuel market growth. Furthermore, the integration of IoT and Industry 4.0 technologies is accelerating the adoption of advanced servo motors and drives, positioning North America as a lucrative growth avenue.

Product Code: 5079

Chapter 1 Methodology and Scope

1.1 Market definitions
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls and challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL Analysis

Chapter 4 Competitive Landscape, 2023

4.1 Strategic outlook
4.2 Innovation and sustainability landscape

Chapter 5 Market Size and Forecast, By Category, 2021 - 2032, ('000 Units and USD Million)

5.1 Key trends
5.2 Digital
5.3 Analog

Chapter 6 Market Size and Forecast, By Drive, 2021 - 2032, ('000 Units and USD Million)

6.1 Key trends
6.2 AC drive
6.3 DC drive

Chapter 7 Market Size and Forecast, By Application, 2021 - 2032, ('000 Units and USD Million)

7.1 Key trends
7.2 Oil and gas
7.3 Metal cutting and forming
7.4 Material handling equipment
7.5 Packaging and labeling machinery
7.6 Robotics
7.7 Medical robotics
7.8 Rubber and plastics machinery
7.9 Warehousing
7.10 Automation
7.11 Extreme environment applications
7.12 Semiconductor machinery
7.13 AGV
7.14 Electronics
7.15 Others

Chapter 8 Market Size and Forecast, By Region, 2021 - 2032, ('000 Units and USD Million)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Mexico
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Norway
- 8.3.7 Sweden
- 8.3.8 Denmark
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Thailand
- 8.4.7 Malaysia
- 8.4.8 Philippines
- 8.4.9 Indonesia
8.5 Middle East and Africa
- 8.5.1 Saudi Arabia
- 8.5.2 UAE
- 8.5.3 Qatar
- 8.5.4 Jordan
- 8.5.5 Iran
- 8.5.6 South Africa
- 8.5.7 Nigeria
- 8.5.8 Egypt
- 8.5.9 Algeria
8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Argentina
- 8.6.3 Chile

Chapter 9 Company Profiles

9.1 ABB
9.2 ADVANCED Motion Controls
9.3 Allied Motion, Inc.
9.4 Baumuller
9.5 Bosch Rexroth AG
9.6 Danfoss
9.7 Delta Electronics, Inc
9.8 ESTUN AUTOMATION CO., LTD
9.9 Fuji Electric Co., Ltd.
9.10 Hitachi
9.11 Ingenia Cat S.L.U.
9.12 KEB Automation KG
9.13 Kollmorgen
9.14 Mitsubishi Electric Corporation
9.15 NIDEC CORPORATION
9.16 Panasonic Corporation
9.17 Rockwell Automation, Inc.
9.18 Schneider Electric
9.19 Siemens
9.20 YASKAWA ELECTRIC CORPORATION