Market research reports, consulting: Global Market Insights Inc.

North America Digital Servo Motors and Drives Market Size – By Drive, By Application, By End Use, Analysis, Share, Growth Forecast, 2025 - 2034

Report ID: GMI9921
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Published Date: November 2024
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Report Format: PDF

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North America Digital Servo Motors and Drives Market Size

North America digital servo motors and drives market size was estimated at USD 2.2 billion in 2024 and is projected to witness a CAGR of 6.8% from 2025 to 2034. The growing demand for energy-efficient systems across various industrial operations, coupled with stringent regulatory requirements on energy consumption, is fueling the market growth.
 

North America Digital Servo Motors and Drives Market

For instance, as of by February 2024, annual investments in new manufacturing facilities had approached USD 225 billion, backed by bipartisan infrastructure efforts and Democratic initiatives in clean energy and manufacturing. The intersection of growing efficiency demands, infrastructure development, and consumer preferences for advanced systems is shaping the evolving landscape of the industry.
 

North America Digital Servo Motors and Drives Market Trends

North America digital servo motors and drives industry is poised for significant growth, driven by the ongoing trend toward digital transformation, the adoption of Industry 4.0, and the rise in automation. Additionally, a growing focus on technological innovation, alongside the integration of the Industrial Internet of Things (IIoT) to optimize system sizing and improve energy efficiency, will further support the industry's expansion. Moreover, increased investments in infrastructure along with the growing need for HVAC systems that optimize energy output, enable precise motor speed control, and improve process efficiency will add to the industry's expansion.
 

North America Digital Servo Motors and Drives Market Analysis

North America Digital Servo Motors and Drives Market Size, By Drive, 2022 - 2034 (USD Billion)

The AC drives segment is projected to surpass USD 3.3 billion through 2034. The increasing automation of industrial processes, coupled with the growing integration of advanced machinery across manufacturing facilities to boost efficiency, is shaping market dynamics. The shift towards smart manufacturing, with a focus on higher productivity and reliability, is driving demand for precise and reliable systems, further enhancing the outlook for the digital AC servo motors and drives industry.
 

North America Digital Servo Motors and Drives Market Revenue Share, By Application, 2024

North America digital servo motors and drives market from metal cutting and forming segment is expected to grow at a growth rate of over 5.5% through 2034. The rising demand for lightweight, high-strength metals in sectors such as aerospace and automotive, combined with increased investments in industrial development, will positively impact the market outlook. Additionally, the growing adoption of smart manufacturing processes across industries, which require precise cutting and metal forming to achieve exact dimensions and finishes on metal parts, will further drive demand for these products. Moreover, the growing shift towards industrial automation solutions driven by the need for higher productivity and greater flexibility, will further strengthen the industry dynamics.
 

U.S. Digital Servo Motors and Drives Market Size, 2022 - 2034 (USD Billion)

The U.S. digital servo motors and drives market is expected to exceed USD 3 billion by 2034. The industry's growth is being driven by stringent regulations aimed at improving energy efficiency and security, the rapid increase in energy consumption, and a surge in investments in industrial automation and robotics. For instance, as per the International Federation of Robotics, manufacturing companies in the U.S. have made significant investments in automation, with total industrial robot installations rising by 12% to reach 44,303 units in 2023. Moreover, rising energy consumption across industries, coupled with ongoing efforts to reduce production costs and enhance profitability, are key factors shaping the industry's landscape.
 

The growing investments in infrastructure development are fueling demand for advanced motor control systems, further driving industry growth. These systems optimize energy efficiency, deliver precise motor speed control, and enhance process automation, all of which contribute to the industry growth. Furthermore, the integration of smart technologies such as IoT and AI to enable real-time monitoring, data analysis, process optimization, predictive maintenance, and enhanced overall equipment effectiveness will drive the industry outlook.
 

North America Digital Servo Motors and Drives Market Share

North America Digital Servo Motors and Drives Market Company Market Share Analysis, 2024

Leading manufacturers in the North America digital servo motors and drives industry are focusing on strategic collaborations, partnerships, mergers & acquisitions, and alliances to strengthen their competitive position. Major players, including Bosch Rexroth, Danfoss, ABB, Yaskawa America, Emerson Electric, and Rockwell Automation, among others, collectively dominate the market share.
 

North America Digital Servo Motors and Drives Market Companies

Major industry players actively participating across the market consist of:

  • Aerotech
  • Advanced Motion Controls
  • ABB
  • Applied Motion Products
  • Bosch Rexroth
  • Beckhoff Automation
  • Delta Electronics
  • Danfoss
  • Emerson Electric
  • Elmo Motion Control
  • Geckodrive
  • Kollmorgen
  • Rockwell Automation
  • Schneider Electric
  • Teknic
  • WEG
  • Yaskawa America
     

North America Digital Servo Motors and Drives Industry News

  • In January 2024, Siemens introduced updates to its servo motor and drive unit called SINAMICS S210, to improve the compatibility, safety, and precision. These updates enable integration with Siemens’ simulation software for pre-hardware deployment named DriveSim. Furthermore, the product allows for the creation of a digital twin within the TIA Portal programming software and includes a web server interface for streamlined commissioning, diagnostics, and maintenance.
     
  • In October 2023, Applied Motion Products Inc. launched the J Series servo motors along with digital servo drives called SV200. These drives are equipped with anti-vibration algorithm, customizable filters, and auto-tuning capabilities, ensuring precise positioning and smooth motion for highly demanding applications. Additionally, the drives offer a user-friendly configuration process and are available in power ratings of 200W, 400W, and 750W.
     

The North America 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 2021 to 2034, for the following segments:

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 countries:

  • U.S.
  • Canada
  • Mexico

 

Authors: Ankit Gupta, Divyendu Sharma
Frequently Asked Question(FAQ) :
What is the projected value of the AC drives segment by 2034?
The AC drives segment is expected to surpass USD 3.3 billion by 2034, fueled by the increasing automation of industrial processes and the integration of advanced machinery in manufacturing facilities to boost efficiency.
Who are some of the prominent players in the North America digital servo motors and drives industry?
How much is the U.S. digital servo motors and drives industry expected to be worth by 2034?
How big is the North America digital servo motors and drives market?
North America Digital Servo Motors and Drives Market Scope
  • North America Digital Servo Motors and Drives Market Size
  • North America Digital Servo Motors and Drives Market Trends
  • North America Digital Servo Motors and Drives Market Analysis
  • North America Digital Servo Motors and Drives Market Share
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    Premium Report Details

    Base Year: 2024

    Companies covered: 20

    Tables & Figures: 14

    Countries covered: 3

    Pages: 95

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