PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1618159
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1618159
Digital Servo Motors and Drives Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Digital Servo Motors And Drives Market size reached USD 8.5 billion in 2023 and is predicted to grow at a CAGR of 6.7% from 2024 to 2032. This growth is primarily driven by the increasing focus on energy-efficient systems and the enforcement of energy consumption regulations. As industries prioritize reducing energy usage, the demand for servo motors and drives that offer better energy efficiency and performance is on the rise. A significant factor contributing to market expansion is the growing investment in infrastructure development, which has led to a surge in the demand for HVAC systems. These systems are vital for optimizing energy use in buildings, thanks to their ability to precisely control motor speeds, which not only conserves energy but also improves process management.
As industries strive for better efficiency and resource utilization, these technologies play a critical role in market growth. The AC drives segment is expected to grow significantly, reaching over USD 11.5 billion by 2032. The increasing trend of automation across various industries, along with the implementation of Industry 4.0, is driving the sales of AC servo motors and drives. These motors are preferred in many sectors because of their high performance under both full-load and variable-load conditions. Moreover, the ongoing modernization of industrial facilities and the integration of advanced automation systems are expected to boost the demand for AC drives in the coming years.
The metal cutting and forming segment is anticipated to grow at over 5% CAGR through 2032, fueled by technological advancements and the growing need for enhanced efficiency and precision in manufacturing. The adoption of smart technologies, such as IoT and AI, for real-time monitoring and predictive maintenance further contributes to the demand for digital servo motors and drives. In the U.S., the digital servo motors and drives market is forecasted to exceed USD 2.8 billion by 2032. The increasing adoption of industrial automation encourages manufacturers to invest in digital servo solutions that offer improved performance, energy savings, and real-time monitoring. Additionally, the need for compact and lightweight servo motors that enhance production flexibility is expected to drive market growth in North America.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $8.5 billion |
| Forecast Value | $15.4 Billion |
| CAGR | 6.7% |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definition
- 1.2 Base estimates & 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 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 & 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, 2024
- 4.1 Strategic dashboard
- 4.2 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Drive, 2021 - 2032 (USD Million, '000 Units)
- 5.1 Key trends
- 5.2 AC drive
- 5.3 DC drive
Chapter 6 Market Size and Forecast, By Application, 2021 - 2032 (USD Million, '000 Units)
- 6.1 Key trends
- 6.2 Oil and gas
- 6.3 Metal cutting & forming
- 6.4 Material handling equipment
- 6.5 Packaging and labelling machinery
- 6.6 Robotics
- 6.7 Medical robotics
- 6.8 Rubber & plastics machinery
- 6.9 Warehousing
- 6.10 Automation
- 6.11 Extreme environment applications
- 6.12 Semiconductor machinery
- 6.13 Agv
- 6.14 Electronics
- 6.15 Others
Chapter 7 Market Size and Forecast, By Region, 2021 - 2032 (USD Million, '000 Units)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Norway
- 7.3.7 Sweden
- 7.3.8 Denmark
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 South Korea
- 7.4.6 Thailand
- 7.4.7 Malaysia
- 7.4.8 Philippines
- 7.4.9 Indonesia
- 7.5 Middle East & Africa
- 7.5.1 Saudi Arabia
- 7.5.2 UAE
- 7.5.3 Qatar
- 7.5.4 Jordan
- 7.5.5 Iran
- 7.5.6 South Africa
- 7.5.7 Nigeria
- 7.5.8 Egypt
- 7.5.9 Algeria
- 7.6 Latin America
- 7.6.1 Brazil
- 7.6.2 Argentina
- 7.6.3 Chile
Chapter 8 Company Profiles
- 8.1 ABB
- 8.2 Beckhoff Automation
- 8.3 Bosch Rexroth
- 8.4 CM Robotics
- 8.5 Dai-ichi Dentsu
- 8.6 Danfoss
- 8.7 Delta Electronics
- 8.8 Emerson Electric
- 8.9 Fuji Electric
- 8.10 Hitachi
- 8.11 Mitsubishi Electric
- 8.12 Promess
- 8.13 Rockwell Automation
- 8.14 Schneider Electric
- 8.15 Siemens
- 8.16 Sprint Electric
- 8.17 WEG
- 8.18 Yaskawa
