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Asia Pacific DC Servo Motors and Drives Market Size – By Category, By Application, Analysis, Share, Growth Forecast, 2025 – 2034
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Premium Report Details
Base Year: 2023
Companies covered: 17
Tables & Figures: 9
Countries covered: 5
Pages: 110
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Asia Pacific DC Servo Motors and Drives Market Size
Asia Pacific DC servo motors and drives market size in 2024 was evaluated at USD 2.4 billion and is set to attain a growth rate of 5.8% by 2034. The combination of cutting-edge technologies to serve client needs and increasing automation in energy-intensive industries is propelling the growth of the industry. There has been a spike in infrastructure expenditure which has influenced the market for HVAC systems which are necessary for reducing energy use. The introduction of strict efficiency regulations in the industrial sector, continuous development of infrastructure, and the growing need for components with higher reliability and higher control will support the growth of the industry.
The introduction of new policies and frameworks by the authorities aimed at embracing clean energy technologies within various sectors and curtailing emissions will be beneficial to the industry’s dynamics. For example, during the Energy Efficiency Technology Strategy 2024 implemented by Japanese government in April 2024, it was indicated that research and development of energy-efficient technologies required to reach carbon neutrality by the year 2050 would be also supported.
Asia Pacific DC Servo Motors and Drives Market Trends
The Asia Pacific DC servo motors and drives industry has observed significant expansion owing to several technology developments as well as increased demand in sectors including robotics, automation, and manufacturing. There is convergence between government environmental sustainability requirements in form of regulations & norms and industrial automation technological development. Furthermore, the emergence of smart manufacturing in the industrial automation industry together with the growing need for effective and efficient motor controls in energy-intensive industries assists the market expansion. Adoption of the industrial internet of things (IIoT) as a IoT technology trend and growing technological improvements of systems aimed at optimization and energy effectiveness will assist the growth of the industry.
Asia Pacific DC Servo Motors and Drives Market Analysis
Metal cutting & forming application segment is set to cross USD 800 million by 2034. Rising need for precision operations across iron & steel, manufacturing sector along with growing development of industrial establishments is contributing to the industry growth. These systems deliver exact motion control and speed requirements while enhancing production efficiency, further augmenting the product deployment. Expansion of manufacturing facilities along with implementation of these units to enhance productivity, operational flexibility, reduce cost and improve product quality, will complement industry landscape.
Based on category, the analog segment is set to observe a growth rate of over 5.5% through 2034. Rapidly increasing automation across manufacturing sectors in developing economies along with rising demand for precise control and reliable systems in applications such as robotics, CNC machines, and conveyor systems, accelerating the product demand. Ongoing technological advancements focusing on enhancing the performance, required in high-precision and high-speed operations will augment the analog servo motors and drives deployment.
China DC servo motors and drives market is expected to surpass USD 1.4 billion by 2034. Ongoing expansion of industrial automation and robotics across various sectors, designed to enhance productivity and flexibility and rising energy consumption, is complementing the business landscape. The robust industry development being witnessed is a result of continued capital injections into energy intensive industries, as well as policies aimed at conservation, emission control and sustainability measures. For instance, the Chinese State Council announced in May 2024 a comprehensive plan to save energy and reduce carbon emissions that it aims to complete by 2025. This plan not only sets up a system to monitor progress and enforce industrial compliance but also delineates targeted measures for industries with high emissions. These industries encompass steel manufacturing, petrochemical operations, non-ferrous metal production, and the building materials sector.
Asia Pacific DC Servo Motors and Drives Market Share
Various companies in the Asia Pacific region integrate different approaches to boost their competitive positions. These ventures include entering into strategic partnerships, introducing new innovative products, as well as mergers and acquisitions. The major share in the industry is held by ABB, Siemens, Kollmorgen, Nidec, and Panasonic, among others. These players utilize their strong brand presence, widespread marketing channels, and substantial R&D investments to outperform the competition, hence complementing the market growth.
Asia Pacific DC Servo Motors and Drives Market Companies
Major players operating in the Asia Pacific DC servo motors and drives industry are:
Asia Pacific DC Servo Motors and drives Industry News
Asia Pacific DC servo motors and drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” & “000 Units” from 2021 to 2034 for the following segments:
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Market, By Category
Market, By Application
The above information has been provided for the following countries: