AC Servo Motors and Drives Market – By Category (Digital, Analog), By Application (Oil and Gas, Metal Cutting & Forming, Material Handling Equipment, Packaging and Labeling Machinery, Robotics, Medical Robotics, Rubber & Plastics Machinery, Warehousing, Automation, Extreme Environment Applications), & Forecast, 2024 – 2032

AC Servo Motors and Drives Market Size

AC Servo Motors and Drives Market size was valued at USD 14.1 billion in 2023 and the industry is set to grow at CAGR of 6.9% 2032. Continuous efforts to expedite digital transformation across wide range of sectors in developing and developed economies will positively influence industry expansion. Manufacturers specializing in automation industry are proactively introducing new and enhanced products to align with evolving user requirements.
 

For instance, in November 2023, Leadshine introduced the coreless micro servo system at the SPS exhibition in Germany. Consisting of an ultra-compact servo drive, micro encoder, and coreless micro motor, the system offers compact size, high and low-speed performance, and high-power density. Moreover, rapid shift towards Industry 4.0 and accelerated automation is projected to enhance the product adoption.
 

COVID- 19 Impact

The market underwent significant impacts owing to the disruptions caused by the COVID-19 pandemic including disrupt manufacturing processes, facility shutdowns, labor shortages, restricted product deployments, and supply chain network disturbances. However, collaborative initiatives by manufacturers and government authorities to implement new measures aimed at easing restrictions and ensuring uninterrupted manufacturing output have fostered a positive outlook for the industry's growth.
 

AC Servo Motors and Drives Market Trends

The AC servo motors and drives industry is set to grow owing to ongoing technological advancements in industrial automation along with government mandates for environmental sustainability. The rise of smart manufacturing across industrial automation sector is gaining traction. For instance, programs like Udyog Bharat 4.0 SAMARTH focus on promoting Industry 4.0 awareness in Indian manufacturing and addressing challenges related to automated material handling. Increased emphasis on technological advancements and the integration of the industrial internet of things (IIoT) to optimize system sizing and improving energy efficiency will boost the industry expansion.
 

AC Servo Motors and Drives Market Analysis

Based on application, the market is segmented into digital and analog. The digital segment witnessed market revenue share of over 60% in 2023 and will gain significant expansion on account of the ability to handle complex motion profiles with high precision. They are commonly used in applications where accurate control and dynamic performance are crucial. The versatility of these units in accommodating different motor types including standard AC induction motors, and energy-saving hybrid motors, will significantly boost their adoption.
 

The AC servo motors and drives market from robotics application is set to witness a CAGR of over 8.6% through 2032 on account of upsurge in industrial investments, accelerated funding for their advancement, coupled with ongoing research & development efforts in the automotive industry, the integration of robotics automation is gaining prominence. Robotic systems within automation commonly utilize servo motors and drives to enhance operational flexibility through precise angular movements. It plays a vital role in increasing production quality and efficiency, consequently reducing output time and decreasing risks in the industrial operations.
 

The Asia Pacific AC servo motors and drives market is set to surpass USD 10 billion by 2032. The market growth is attributed to factors including stringent regulations aimed at improving energy efficiency & security, a rapid increase in energy consumption, and the expanding domain of industrial automation and robotics. Paradigm shift towards embracing industrial automation solutions with an aim to enhance productivity and flexibility, will reshape the business dynamics.
 

For instance, in December 2023, Label Expo Asia 2023, the label and package printing technology event, held in China, in which, Weigang showcased its flexo press powered by advanced German servo control technology, the system utilizes a total of 23 servo motors in an 8-color machine. This configuration facilitates functionalities including automatic registration.
 

AC Servo Motors and Drives Market Share

Eminent manufacturers in the are strengthening their position in the industry as companies are actively pursuing strategic partnerships, alliances, and mergers and acquisitions. ABB, Siemens, Mitsubishi, Danfoss, Nidec and Yaskawa America Inc. holds the majority of market share in the market.
 

AC Servo Motors and Drives Market Companies

Key industry players operating across industry include:

• ABB
• Beckhoff Automation
• C&M Robotics Co., Ltd.
• Danfoss
• Delta Electronics, Inc.
• DMM Technology Corp.
• Fuji Electric Co., Ltd.
• KEB Automation KG
• Kollmorgen
• Leadshine
• Mitsubishi Electric Corporation
• Nidec Motor Corporation
• OMRON Corporation
• Panasonic Corporation of North America
• PARKER HANNIFIN CORP
• Rockwell Automation
• Siemens
• Teknic, Inc.
• WEG
• Yaskawa America, Inc
   

AC Servo Motors and Drives Industry News

• In December 2023, KEB Automation launched the DL4 series, an advanced 8-pole AC servo motor with torque ratings from 11 to 520 Nm and power up to 77 kW. The series offers enhanced torque and precision in a compact design, featuring a dynamic 8-pole system capable of handling 300% of rated torque. Customization options include IP65 protection, cooling choices, and the addition of encoders, resolvers, and brakes.
   
• In September 2023, Mitsubishi Electric Automation introduced the new version of its servo product range, MELSERVO-J5. The MR-J5 servo units showcase enhanced technology, industry-leading performance, and advanced servo features. The latest range introduces two latest servo types, including HK-RT/ST and incorporates high-speed HK-KT/ST servo motors featuring a rated speed of 3000rpm.
   

The AC servo motors and drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” and “USD Million” from 2019 to 2032 for the following segments:

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Market, By Category, 2019 – 2032 (‘000 Units & USD Million)

• Digital
• Analog

Market, By Application, 2019 – 2032 (‘000 Units & USD Million)

• Oil and gas
• Metal cutting & forming
• Material handling equipment
• Packaging and labelling machinery
• Robotics
• Medical robotics
• Rubber & plastics machinery
• Warehousing
• Automation
• Extreme environment applications
• Semiconductor machinery
• AGV
• Electronics
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Norway
  • Sweden
  • Denmark
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Thailand
  • Malaysia
  • Philippines
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Jordan
  • Iran
  • South Africa
  • Nigeria
  • Egypt
  • Algeria
• Latin America
  • Brazil
  • Argentina
  • Chile