PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1620458
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1620458
Europe Digital Servo Motors And Drives Market, valued at USD 1.6 billion in 2023, is envisioned to grow at 7.3% CAGR from 2024 to 2032. The rising demand for energy-efficient systems, alongside stringent regulations on energy consumption, is driving the market expansion. Increasing adoption of energy-efficient technologies and mandates focused on optimizing industrial energy use positively influence industry growth trajectory. Infrastructure development investments have fueled the need for advanced motor control systems that enhance energy output while ensuring precise speed control, better process automation, and improved system reliability. The EU's continued investment in infrastructure and innovation, such as the Economic and Investment Plan for Western Balkans, which is anticipated to generate USD 1.34 billion in new projects, underscores the market's potential in sectors like rail transport and green transformation initiatives.
The AC drives segment is projected to surpass USD 2.3 billion by 2032, driven by the increasing integration of automation in industrial processes. The shift toward smart manufacturing practices aimed at improving productivity and reliability is a significant factor propelling demand for advanced control systems. The focus on boosting energy efficiency and minimizing mechanical wear on equipment while optimizing control in various applications is expected to further augment the adoption of AC servo motors and drives. The metal cutting and forming segment is set to experience a CAGR of over 6% through 2032. Rising demand for lightweight, high-strength metals in industries such as aerospace and automotive, along with increased investments in industrial growth, are key drivers for this segment.
As smart manufacturing practices gain traction, the need for precision in metal forming and cutting processes to achieve exact dimensions and finishes is also rising, fueling product demand. Germany digital servo motors and drives market is expected to surpass USD 500 million by 2032. The nation's emphasis on industrial automation, productivity enhancement, and operational flexibility creates a favorable market environment. The integration of digital systems aimed at streamlining processes and boosting overall efficiency further contributes to this growth. Additionally, government policies promoting industrial development and initiatives aligned with Industry 4.0, such as the European Commission's USD 2.6 billion plan to support industrial decarbonization in Germany, are expected to accelerate market expansion in the region.
Market Scope | |
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Start Year | 2023 |
Forecast Year | 2024-2032 |
Start Value | $1.6 Billion |
Forecast Value | $3.2 Billion |
CAGR | 7.3% |