Digital Servo Motors and Drives Market Analysis

Digital Servo Motors and Drives Market Analysis

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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.