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AC Servo Motors and Drives Market Share

  • Report ID: GMI8245
  • Published Date: Feb 2024
  • Report Format: PDF
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AC Servo Motors and Drives Market Share

Company Market Share Analysis, 2023
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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
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.

AC Servo Motors and Drives Market Scope

  • AC Servo Motors and Drives Market Size
  • AC Servo Motors and Drives Market Trends
  • AC Servo Motors and Drives Market Analysis
  • AC Servo Motors and Drives Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 20
    • Tables & Figures: 749
    • Countries covered: 32
    • Pages: 510
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