Servo Drives Market - By Drive, By Category, By Application and Forecast, 2025 - 2034

Servo Drives Market Size

The global servo drives market size in 2024 was valued at USD 2.3 billion and is estimated to grow at a CAGR of 3.7% from 2025 to 2034.
 

Rising demand for precise and efficient motor control solutions, favorable initiatives supporting digitalization and ongoing industrial infrastructure development will complement the business landscape. Continuous technological advancements across these units including enhanced AI capabilities and faster response times, making them crucial for automated systems further fueling the product adoption.
 

Increasing investments for industrial development and ongoing technological advancements have led to a surge in demand for high-precision position control systems with disturbance rejection capabilities, and fast-tracking behaviors, augmenting the industry outlook. For instance, in July 2024, the U.S. Department of Commerce unveiled a plan to strengthen innovative packaging of semiconductors across the country. The CHIPS for America program will distribute USD 1.6 billion into five key R&D areas, offering grants of approximately USD 50 million each. This initiative, part of the National Advanced Packaging Manufacturing Program, aims to foster collaboration between industry, academia, and government to enhance U.S. semiconductor capabilities.
 

Servo Drives Market Trends

The servo drives industry is anticipated to grow owing to continuous advancements in industrial automation, rising demand for efficient motor & motion control solutions and government regulations promoting environmental responsibility. Increasing focus on innovative enhancements and the incorporation of IIoT technologies, objecting to boost the system efficiency and reduce energy consumption, positively influencing industry dynamics.
 

For instance, in May 2023, Siemens introduced a new servo drive system including the Sinamics S200, suitable for industries such as battery and electronics manufacturing. This system combines precise servo drives, robust motors, and easy-to-use cables to deliver high-performance capabilities. Moreover, accelerating investments in industrial development and the emphasis on reducing energy consumption are augmenting the market outlook.
 

Servo Drives Market Analysis

AC drive segment is anticipated to grow over USD 2.4 billion by 2034. AC servo drives offer the ability to manage high current surges and operate independently from a power source, providing simpler operations compared to alternative solutions. The increasing adoption of these units across heavy-duty applications, particularly in automation and robotics, will complement the business landscape. Increasing demand for high-end power consumption, particularly from advanced HVAC systems along with ongoing technological advancements will further augment the AC drives industry outlook.
 

Analog segment is anticipated to witness a CAGR of over 4% till 2034. Analog servo drives are key components in various industries, enabling precise mechanical motor movements. These units use voltage or current signals to control servo motors, ensuring accurate positioning, speed, and torque regulation, further augmenting product deployment. Widespread applications of these units across manufacturing, robotics, automotive, aerospace sectors, where they play a vital role in enhancing operational efficiency, further contributing to the analog servo motors and drives industry growth.
 

U.S. servo drives market is set to grow over USD 330 million by 2034. Energy efficiency regulations, rising energy consumption, and the growth of industrial automation and robotics are shaping the industry landscape. For instance, in January 2024, the U.S. Department of Energy proposed new energy efficiency standards for fans and blowers. These regulations apply to air circulating fans, blowers and general fans aiming to improve their energy efficiency. The shift towards automated solutions to increase productivity and flexibility is transforming business operations and influencing industry dynamics. Moreover, efforts to reduce energy consumption and lower costs across manufacturing processes will further contribute to the industry growth.
 

Servo Drives Market Share

Major manufacturers in the servo drives industry are bolstering their market presence through strategic alliances and acquisitions. These companies are rolling out cutting-edge technologies and products to solidify their industry standing. The market is largely controlled by a handful of key players, including ABB, Siemens, Rockwell, Danfoss, Panasonic and Schneider Electric. Together, these firms command a significant portion of the market share, shaping the competitive landscape of the servo motors and drives market.
 

Servo Drives Market Companies

Major players operating across the industry include:

• ABB
• Advanced Motion Controls
• Beckhoff Automation
• C&M Robotics
• Danfoss
• DMM Technology
• Delta Electronics
• Kollmorgen
• KEB Automation
• Leadshine
• Mitsubishi Electric
• Nidec Motor
• Omron
• Panasonic
• Parker Hannifin
• Rockwell Automation
• Schneider Electric
• Siemens
• WEG
   

Servo Drives Industry News

• In April 2024, Applied Motion Products has launched the MDX+ series, a new line of compact integrated servo systems. These units combine drive, motor, and encoder components, offering a space-efficient motion control option for manufacturers. Available in power ranges from 100 to 550 W, the MDX+ series supports various communication protocols and operates on 24 to 60 VDC. The servos feature high-resolution encoders and optional electric brakes.
   
• In March 2024, Kollmorgen introduced the AKD2G servo drive, by updating expanding its communication capabilities. The drive now supports Ethernet/IP and PROFINET IRT with CIP Sync, along with its existing protocols. This enhancement allows for motion synchronization across multiple drives by utilizing various control architectures. The AKD2G features high power density in a compact design, offers one- and two-axis variants, and is compatible with multiple feedback devices. An optional SafeMotion Monitor firmware provides SIL3/PLe safety level, broadening the drive's application range.
   

The servo 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:

Click here to Buy Section of this Report

Market, By Drive

• AC
• DC

Market, By Category

• Digital
• Analog

Market, By Application

• Oil & gas
• Metal cutting
• Metal forming
• Material handling equipment
• Packaging and labelling
• Robotics
• Rubber & plastics machinery
• Semiconductor machinery
• Other industries

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Denmark
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
• Latin America
  • Brazil
  • Argentina