Digital Servo Motors and Drives Market Size - By Drive (AC Drive, DC Drive), By Application (Oil and Gas, Metal Cutting & Forming, Material Handling Equipment, Packaging and Labeling Machinery, Robotics & Others), & Forecast, 2023 - 2032

Digital Servo Motors and Drives Market Size

Digital Servo Motors and Drives Market was valued at USD 8 billion in 2022 and is estimated to expand at 6.8% CAGR between 2023 and 2032. Driven by the increasing need for energy-efficient systems coupled with the implementation of strict regulations addressing energy consumption. Accelerated investments in infrastructure development have increased the demand for HVAC systems, which provide solutions to optimize energy output in infrastructure. Key factors including the capability of these systems to deliver precise motor speed control, contributing to energy savings, enhanced process control, and automation will positively influence the industry growth.
 

The ongoing efforts to accelerate digital transformation in various sectors across developed and emerging economies, will favor the digital servo motors and drives market expansion. The swift transition toward Industry 4.0 and increased automation is expected to boost the deployment of servo motors and drives. Companies specializing in the automation sector are actively introducing innovative products and services to meet evolving user requirements. In addition, the widespread adoption of advanced motor control systems, enabling precise and rapid industrial operations, is set to further fuel the product demand.
 

COVID- 19 Impact

The market size experienced substantial effects from the COVID-19 pandemic, owing to disruptions in manufacturing processes, labor shortages, facility shutdowns, constrained product deployments, and disturbances in the supply chain network. However, concerted efforts by government authorities and companies to implement new measures for easing restrictions and ensuring uninterrupted manufacturing output have contributed to a more positive outlook for the industry's growth.
 

Digital Servo Motors and Drives Market Trends

The digital servo motors and drives industry is slated to observe significant momentum owing to continuous technological advancements across industrial automation along with stringent government mandates aimed at promoting environmental sustainability. Growing interest in the concept of smart manufacturing, particularly gaining traction in expansive industrial automation sectors. for instance, as per the India Brand Equity Foundation (IBEF), the Indian Government has set an ambitious target to increase the contribution of manufacturing output to GDP from the current 16% to 25% by 2025.
 

The increasing need for high effective and efficient motor control solutions across variety of industries, combined with the growing automotive industry, is set to propel the product demand. Moreover, the ongoing industrialization in developing nations and elevated demand for precise motor control across variety of industrial applications, will significantly influence market dynamics.
 

Digital Servo Motors and Drives Market Analysis

The AC drives market is predicted to witness about 7% growth rate through 2032 and will gain significant expansion owing to enhanced operational capabilities under full load and variable load conditions along with increased demand for advanced technological systems. The adoption of these units is driven by their operational features, which lead to increased energy efficiency, minimized mechanical stress on motors and equipment, smoother start & stop processes, and enhanced control over several industrial processes. Moreover, the versatility of these units, accommodating various motor types like dynamic linear motors, standard AC induction motors, and energy-saving hybrid motors, will significantly contribute to their widespread adoption and increased machine output across diverse applications.
 

The digital servo motors and drives market in robotics applications is set to grow owing to the increased industrial investments and expenditure for their development along with accelerated R&D initiatives in automotive industry. The integration of automation plays a pivotal role in enhancing production quality and reducing output time, thereby mitigating risks in industrial operations. Robotic systems within automation frequently control servo motors and drives to enhance operational flexibility through accurate angular movements.
 

Modern warehouses are increasingly integrating lifting machines and robots for the secure and efficient handling of goods, ranging from lightweight to heavy items, at various speeds. These units play a pivotal role across automated warehouse systems, including conveyors, shuttles, and palletizers, servo motors and drives further augmenting the product demand. They are instrumental in precisely controlling the timing of product delivery and storage within a secure environment. In the warehouse industry, collaborations between warehouse companies and technology firms are fostering the adoption of advanced machinery, often driven by servo motors, to further optimize operational processes.
 

• The Asia Pacific digital servo motors and drives market was worth USD 3.2 billion in 2022. The regional market is expected to observe a significant growth owing to factors such as stringent regulations aimed at enhancing energy efficiency & security, rapid growth in energy consumption, and the expanding landscape of industrial automation and robotics.
   
• Paradigm shift toward the adoption of industrial automation solutions, driven by the focus on boosting productivity and flexibility will segment the business dynamics. The swift integration of advanced machine infrastructure in manufacturing plants to enhance efficiency, coupled with the widespread use of technologically innovative systems, is anticipated to drive the product adoption. The owing to escalating energy consumption across industries, coupled with ongoing efforts to reduce production costs, enhance profits, and expedite technological advancements are some of the key factors augmenting the industry outlook. For instance, in October 2023, the IEA stated that the overall energy consumption from the industrial sector across the region in 2022 was 134.5 quadrillion British thermal units (Btu). In addition, the region benefits from the presence of prominent manufacturers and suppliers of digital servo motors and drives, contributing to the accelerated industry growth.
   
• Several nations have introduced stringent energy efficiency regulations to reduce emissions and energy consumption which further boosted the adoption of these units across numerous industrial applications to achieve precise motor control to achieve energy and cost savings.
   

Digital Servo Motors and Drives Market Share

Prominent manufacturers operating in the digital servo motors and drives industry are strategically enhancing their industry foothold through proactive engagement in strategic partnerships, alliances, and mergers and acquisitions. These initiatives are targeted at the introduction of advanced technologies are driving the industry growth. Key industry players are:

• Siemens
• Sprint Electric
• Hitachi Ltd.
• Schneider Electric
• Emerson Electric Co.
• ABB
• Mitsubishi Electric Corporation
• Rockwell Automation
• WEG
• Yaskawa America, Inc.
• Danfoss
• Bosch Rexroth Corporation
• Delta Electronics, Inc.
• C&M Robotics Co., Ltd.
• DAI-ICHI DENTSU LTD.
• PROMESS INC.
• FEC
   

Digital Servo Motors and Drives Market News

• In November 2023, Sprint Electric unveiled the Generis AC regeneration drive during daily technical presentations at SPS Fair, held in Nuremberg, Germany, from November 14 to 16. This innovative drive promises substantial energy savings compared to conventional AC drives, presenting a significant cost advantage for Generis customers, particularly in applications requiring four-quadrant control. Beyond cost savings, the implementation of Generis technology contributes to notable reductions in carbon emissions, further enhancing the environmental impact for our customers. By integrating AC drive regeneration technology into their existing markets, the company is broadening its product portfolio through Generis.
   
• In May 2023, Siemens introduced an innovative servo drive system designed for diverse standard applications across industries such as battery, electronics, and many others. The system comprises a precise servo drive, robust servo motors, and user-friendly cables, delivering exceptional dynamic performance. These units are beneficial specifically for applications demanding precision in torque and speed, including winding and unwinding machines in cell assembly and battery manufacturing. This system offers several beneficial features including cogging torque compensation, optimized speed ripple, 17/21-bit ST & 21-bit MT encoders, and cycle-synchronous communication. This ensures optimized performance through Profinet IRT with a minimum 250us cycle time. This launch increases the company’s product portfolio across the digital servo motors and drives industry.
   

This digital 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 Drive

• AC Drive
• Dc Drive

Market, By Application

• 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