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AC Servo Motors and Drives Market Analysis

Report ID: GMI8245
Published Date: Feb 2024
Report Format: PDF

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AC Servo Motors and Drives Market Analysis

AC Servo Motors and Drives Market Size, By Category, 2022-2032, (USD Billion)

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.

AC Servo Motors and Drives Market Revenue Share, By Application, 2023

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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.

Asia Pacific AC Servo Motors and Drives Market Size, 2022-2032, (USD Billion)

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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.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

AC servo motors and drives industry size was worth USD 14.1 billion in 2023 and is poised to grow at 6.9% CAGR during 2024-2032 owing to the continuous efforts to expedite digital transformation across a wide range of sectors in developing and developed economies.

The digital segment accounted for over 60% revenue share in 2023 and is anticipated to record substantial growth through 2032 owing to their growing demand to offer versatility in accommodating different motor types including standard AC induction motors, and energy-saving hybrid motors.

Asia Pacific AC servo motors and drives industry size will surpass USD 10 billion by the end of 2032 attributed to the stringent regulations aimed at improving energy efficiency & security, the rapid increase in energy consumption, and the expanding domain of industrial automation and robotics.

Some of the top AC servo motors and drive firms include ABB, Beckhoff Automation, C&M Robotics Co., Ltd., Danfoss, Delta Electronics, Inc., Fuji Electric Co., Ltd., KEB Automation KG, Kollmorgen, Mitsubishi Electric Corporation, Nidec Motor Corporation, OMRON Corporation, Panasonic Corporation of North America, PARKER HANNIFIN CORP, Rockwell Automation, Siemens, and Yaskawa America, Inc.