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A Deep Dive into Servo Motors and Drives Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Servo Motors and Drives Market
The upward trend in automation is predicted to drive the advancement of the servo motors and drives sector. Components like servo motors and drives are integral for automation systems, which are present in things like robots and conveyor systems in factories. For instance, a German automation machinery producing firm reported in April 2024 that according to the International Federation of Robotics, sales in the auto segment increased by 1% in 2023, setting a new record with 14,678 robot installations. This comes after a massive 47% jump in 2022 that brought the installation count to 14,472 units. As such, the escalating levels of automation are propelling the growth of the servo motors and drives sector.
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How will the growth rate of the servo motors and drives market shape industry trends by 2034?
In recent times, the size of the servo motors and drives market has seen robust growth. The market value is expected to rise from $16.26 billion in 2024 to $17.42 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.1%. The historical growth can be tied to several factors like the embracement of automation and robotics, the need for high-precision control, a surge in factory automation, the demand for IoT and connectivity, and an increasing focus on energy efficiency.
The market size for servo motors and drives is predicted to experience robust expansion in the upcoming years, with a value expected to rise to $22.53 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.6%. The anticipated growth within the forecast period is linked to eco-friendly and sustainable manufacturing methods, the increasing demand for electric vehicles, progress in e-commerce and logistics sectors, and the integration of servo systems. Key market trends for the forecast period encompass the integration of industry 4.0, renewable energy advancements, the implementation of edge computing, enhanced motion control algorithms, and the development of superior motion.
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What trends are poised to drive the future success of the servo motors and drives market?
The progress in technology is a paramount trend observed in the servo motors and drives industry. These advancements contribute to the evolution of the product's design and make motion control more straightforward. For example, in February 2022, Trio Motion Technology, a company based in India specializing in superior motion control technology, launched its DX4 servo drive and MX servo motor series to enhance high-quality motion control. The DX4 servo drive includes a plug-and-play feature compatible with controllers and I/O systems, all programmed in a unified software-Motion Perfect, to expedite the process of application development and commissioning for Original Equipment Manufacturers (OEMs) in sectors like packaging, medical, and robotics. Furthermore, DX4 servo drive operates at 200V AC and the power range extends between 50W to 3kW, and by implementing EtherCAT communications, the Motion Coordinator range can control up to 128 axes with precise accuracy.
Which primary segments of the servo motors and drives market are driving growth and industry transformations?
The servo motors and drives market covered in this report is segmented -
1) By Offering: Hardware, Software
2) By Type: Motor, Drive
3) By Voltage Range: Low-Voltage, Medium-Voltage
4) By End User: Automotive, Oil and Gas, Healthcare, Packaging, Semiconductor and Electronics, Chemicals and Petrochemicals
Subsegments:
1) By Hardware: Servo Motors, Servo Drives, Feedback Devices, Accessories
2) By Software: Motion Control Software, Simulation Software, Configuration and Tuning Software, Monitoring and Diagnostic Software
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Which geographical regions are pioneering growth in the servo motors and drives market?
Asia-Pacific was the largest region in the servo motors and drivers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the servo motors and drives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the servo motors and drives market landscape?
Major companies operating in the servo motors and drives market include Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Fuji Electric Co. Ltd., Yaskawa Electric Corporation, Emerson Electric Co., Rockwell Automation Inc., Estun Automation Co. Ltd., Kinco Automation (Shanghai) Ltd., Danfoss A/S, ESR Pollmeier GmbH, Heason Technology Ltd., Elmo Motion Control Ltd., KEB Automation KG, Omron Corporation, FANUC Corporation, Hitachi Ltd., Oriental Motor USA Corp., Delta Electronics Inc., Panasonic Corporation, Kollmorgen Corporation, Parker Hannifin Corporation, Moog Inc., Nidec Motors & Actuators, Wittenstein Inc., Celera Motion, Harmonic Drive LLC, LinMot USA Inc., Drive System Design Inc., AutomationDirect, Bearing Distributors Inc., Sinotech, Teknic Inc., Applied Motion Products Inc., Anaheim Automation Inc., Advanced Motion Controls
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What Is Covered In The Servo Motors and Drives Global Market Report?
•Market Size Forecast: Examine the servo motors and drives market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the servo motors and drives market for a structured understanding.
•Key Players Overview: Analyze major players in the servo motors and drives market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the servo motors and drives market.
•Segment Contributions: Evaluate how different segments drive overall growth in the servo motors and drives market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the servo motors and drives market.
•Industry Challenges: Identify potential risks and obstacles affecting the servo motors and drives market.
•Competitive Landscape: Review strategic developments in the servo motors and drives market, including expansions, agreements, and new product launches.
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