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Digital Servo Motors and Drives Market Share

Report ID: GMI7544
Published Date: Nov 2023
Report Format: PDF

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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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of digital servo motors and drives was reached USD 8 billion in 2022 and is projected to observe 6.8% CAGR through 2032, owing to the rising need for energy-efficient systems coupled with the higher implementation of strict regulations addressing energy consumption.

Digital servo motors and drives market from the AC drives segment is poised to witness about 7% growth rate from 2023 to 2032, driven by their enhanced operational capabilities under both full load and variable load conditions along with increased demand for advanced technological systems.

Asia Pacific market for digital servo motors and drives was worth USD 3.2 billion in 2022 and is poised to exhibit a robust growth rate through 2032, attributed to the stringent regulations aimed at enhancing energy efficiency & security and rapid growth in energy consumption.

Some leading digital servo motors and drives companies are Siemens, Sprint Electric, Hitachi Ltd., Schneider Electric, Emerson Electric Co., ABB, Mitsubishi Electric Corporation, Rockwell Automation, Danfoss, Bosch Rexroth Corporation, and Delta Electronics, Inc.