Servo Motors and Drives

Global Servo Motors and Drives Market to Reach US$26.0 Billion by 2030

The global market for Servo Motors and Drives estimated at US$18.9 Billion in the year 2024, is expected to reach US$26.0 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2024-2030. Motors, one of the segments analyzed in the report, is expected to record a 4.8% CAGR and reach US$15.5 Billion by the end of the analysis period. Growth in the Drives segment is estimated at 6.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.9 Billion While China is Forecast to Grow at 6.4% CAGR

The Servo Motors and Drives market in the U.S. is estimated at US$2.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 6.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.

Global Servo Motors and Drives Market - Key Trends & Drivers Summarized

Servo motors and drives are essential components in modern automation and control systems, providing precise control over the position, speed, and torque of mechanical systems. Servo motors are equipped with feedback sensors that continuously monitor the motor`s output and adjust its operation to match the desired parameters. This closed-loop control system allows for high accuracy and repeatability, making servo motors ideal for applications requiring precise motion control, such as robotics, CNC machinery, and automated manufacturing processes. Servo drives, which serve as the interface between the controller and the motor, convert low-power control signals into high-power electrical currents to drive the motor, ensuring optimal performance and efficiency.

Technological advancements have significantly enhanced the capabilities and applications of servo motors and drives. The development of brushless DC motors and improvements in permanent magnet technology have increased the efficiency, reliability, and lifespan of servo motors. Digital signal processing (DSP) and advanced algorithms have improved the precision and responsiveness of servo drives, enabling more complex and dynamic motion control applications. Additionally, the integration of network communication protocols, such as Ethernet and EtherCAT, has facilitated seamless integration with other industrial automation components, enhancing system flexibility and scalability. These advancements have expanded the use of servo motors and drives beyond traditional industrial applications to sectors such as healthcare, aerospace, and renewable energy, where precision and reliability are paramount.

The growth in the servo motors and drives market is driven by several factors. The increasing automation across various industries, driven by the need to improve productivity and efficiency, is a major driver for the demand for servo systems. Servo motors and drives are ideal for Industry 4.0 industrial automation solutions as they provide higher precision and control over operations compared to other motor types. The rise of Industry 4.0 and smart manufacturing initiatives, which emphasize interconnected and intelligent production systems, has further boosted the adoption of advanced motion control solutions. Technological advancements that enhance the performance and reduce the costs of servo motors and drives are also contributing to market growth. The expanding use of robotics in diverse fields, from manufacturing and logistics to healthcare and service industries, is another significant factor propelling market growth. These factors, combined with continuous innovation and the development of more versatile and robust servo solutions, are ensuring the robust expansion of the servo motors and drives market, making it a critical component of modern automation and control systems.

SCOPE OF STUDY:

The report analyzes the Servo Motors and Drives market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Motors, Drives); System (Rotary, Linear); End-Use (Automotive & Transportation, Semiconductor & Electronics, Food Processing, Packaging, Textile, Petrochemicals, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 177 Featured) -

• ABB
• ADTECH (Shenzhen) Technology Co., Ltd
• AMETEK, Inc
• Applied Motion Products, Inc
• Baumüller Nuremberg GmbH
• Bosch Rexroth AG
• Delta Electronics, Inc
• Emerson Electric Co
• FANUC CORPORATION
• Fuji Electric Co., Ltd
• Hitachi, Ltd
• Lenze Group
• Mitsubishi Electric Corporation
• Nidec Corporation
• Nippon Pulse America, Inc
• Omron Corporation
• Panasonic Corporation
• Parker-Hannifin Corporation
• Powertec Industrial Motors
• Rockwell Automation, Inc
• Rozum Robotics LLC
• Schneider Electric
• SEW-EURODRIVE GmbH & Co KG
• Siemens AG
• WEG (Brazil)
• Yaskawa Electric Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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