Who are the major players in the AC servo motors and drives industry?

Major players in the industry include ABB, Beckhoff Automation, C&M Robotics, Danfoss, Delta Electronics, DMM Technology, Fuji Electric, KEB Automation, Kollmorgen, Leadshine, Mitsubishi Electric, Teknic, WEG, and Yaskawa.

How much is the U.S. AC servo motors and drives market worth?

The U.S. market is set to grow to over USD 5 billion by 2034, driven by stringent energy efficiency regulations and the expansion of industrial automation and robotics.

What is the expected CAGR for the metal cutting & forming segment in the AC servo motors and drives industry?

The metal cutting & forming segment is expected to witness a CAGR of above 5% by 2034, driven by the increasing adoption of advanced technologies and sophisticated metal cutting equipment.

How big is the global AC servo motors and drives market?

The global market size for AC servo motors and drives was valued at USD 15.2 billion in 2024 and is projected to reach USD 29.1 billion by 2034, driven by a CAGR of 6.6% from 2025 to 2034.

AC Servo Motors and Drives Market Size

Report ID: GMI8245

Published Date: November 2024

Report Format: PDF

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AC Servo Motors and Drives Market Size

The global AC servo motors and drives market size in 2024 was valued at USD 15.2 billion and is projected to observe a growth rate of 6.6% from 2025 to 2034.

The current adoption of digital transformation in both emerging and advanced economies is coupled with the increasing automation across different industrial processes will support the industry growth. Besides, the rapid acceptance of Industry 4.0 ventures and further acceleration of automation are likely to increase the demand for these products.

Companies in the automation field are actively developing and launching new products to address changing customer requirements. For instance, Leadshine introduced its coreless micro servo system in the SPS exhibition, held in Germany in November 2023. This system, which includes an extremely compact servo drive, coreless micro motor and micro encoder offers benefits such as small size, efficient performance at high and low speeds, and high-power density. Furthermore, increasing demand for accurate motor control systems coupled with growing tendency to reduce energy and cost will further enhance industry's dynamics.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Question(FAQ) :

Who are the major players in the AC servo motors and drives industry?: Major players in the industry include ABB, Beckhoff Automation, C&M Robotics, Danfoss, Delta Electronics, DMM Technology, Fuji Electric, KEB Automation, Kollmorgen, Leadshine, Mitsubishi Electric, Teknic, WEG, and Yaskawa.
How much is the U.S. AC servo motors and drives market worth?: The U.S. market is set to grow to over USD 5 billion by 2034, driven by stringent energy efficiency regulations and the expansion of industrial automation and robotics.
What is the expected CAGR for the metal cutting & forming segment in the AC servo motors and drives industry?: The metal cutting & forming segment is expected to witness a CAGR of above 5% by 2034, driven by the increasing adoption of advanced technologies and sophisticated metal cutting equipment.
How big is the global AC servo motors and drives market?: The global market size for AC servo motors and drives was valued at USD 15.2 billion in 2024 and is projected to reach USD 29.1 billion by 2034, driven by a CAGR of 6.6% from 2025 to 2034.

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Authors: Ankit Gupta, Manish Dhiman

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Base Year: 2024

Companies covered: 20

Tables & Figures: 32

Countries covered: 20

Pages: 110

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AC Servo Motors and Drives Market Size

AC Servo Motors and Drives Market Size

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