What Has Been The Evolution of the Analog Servo Motors and Drives Market in Recent Years?
The analog servo motors and drives market has seen considerable growth due to a variety of factors.
• The market size of analog servo motors and drives has seen significant expansion in the past few years. The market is projected to expand from $10.4 billion in 2024 to $11.24 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%.
This growth during the historic period is credited to the surge in industrial automation, implementation of global energy efficiency standards and regulations, increasing demand for accurate motion control solutions and an escalated demand for energy-efficient yet affordable servo motors and drives.
What Is the Forecasted Market Size and Growth Rate for The Analog Servo Motors and Drives Market Size In The Coming Years?
The analog servo motors and drives market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations for the analog servo motors and drives market point towards vigorous growth in the upcoming years, reaching a size of $14.45 billion with a 6.5% compound annual growth rate (CAGR) by 2029. The expected growth during the forecast period is credited to the surging demand for industrial robots, an increased need for high-performance and reliable machinery, and extensive use of servo motors and drives in applications such as printing presses and paper converting equipment. The forecast period also anticipates technological advancements, Internet of Things integration, the broadening of smart manufacturing, the enlargement of automated guided vehicles, and strategic alliances and collaboration featuring as significant trends.
What Factors Are Driving Growth In The Analog Servo Motors and Drives Market?
The growth of the analog servo motors and drives market is set to accelerate, spurred by an increasing demand for automation within the manufacturing sector. This kind of automation involves applying technology, machinery, and control systems to conduct tasks and processes with minimal human input. Its widespread use results from its capacity to generate cost savings, boost productivity, enhance quality, tackle labor challenges, support digital transformation, and cater to the requirements of an ever-evolving marketplace. The role of the analog servo motors and drives market is pivotal here as it delivers accurate motion control solutions, which are crucial for automated machinery. This, in turn, fosters efficient production processes and lessens the dependence on manual labor. For example, the International Federation of Robotics (IFR), a professional non-profit organization based in Germany, predicted that the total count of service robots meant for professional use will hit 158,000 units in 2022, marking a 48% growth. Additionally, the registration of 553,052 industrial robot installations in companies globally signifies a 5% annual growth rate in 2022. Hence, the escalating requirement for automation in manufacturing is fueling the expansion of the analog servo motors and drives market.
What Are The Main Segments Of The Global Analog Servo Motors and Drives Market?
The analog servo motors and drives market covered in this report is segmented –
1) By Drive: AC Drive, DC Drive
2) By Voltage Range: Low Voltage, Medium Voltage, High Voltage
3) By Application: Extreme Environment Applications, Semiconductor Machinery, Automated Guided Vehicle (AGV), Electronics, Other Applications
Subsegments:
1) By AC Drive: Single-Phase AC Drive, Three-Phase AC Drive
2) By DC Drive: Brushed DC Drive, Brushless DC Drive
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How Are Emerging Trends Reshaping The Dynamics Of The Analog Servo Motors and Drives Market?
Key players in the analog servo motors and drives markets are setting their sights on the integration of I/O expansion options to increase both their product functionality and their market presence. An I/O expansion option is a supplementary hardware component which boosts the input/output capacity of the core controller or system beyond its inherent capability. It's employed in machine-building contexts, specifically in motor technologies requiring voltages between 200 and 480 V and power outputs ranging from 0.25 to 7.5 kW. Take for example, in January 2024, the American precision motion control and automation enterprise, Aerotech Inc., unveiled their automation1 XA4 and iXA4 PWM servo drives. These are efficient, budget-friendly single-and multi-axis servo drives. They provide precision motion control at a more affordable price point. The latest additions to the product roster include fully-fledged motion controllers and I/O expansion options, rendering them appropriate for a myriad of applications. The automation1 XA4 and iXA4 PWM servo drives are part of this innovative lineup and they offer both streamlined and cost-effective solutions for various motion control applications. These new products aim to provide superior performance and integrated motion control, accommodating up to 12 axes.
Who Are the Key Players In The Analog Servo Motors and Drives Market?
Major companies operating in the analog servo motors and drives market are:
• Hitachi Ltd.
• Siemens AG
• Panasonic Corporation
• Mitsubishi Electric Corporation
• Schneider Electric SE
• ABB Ltd.
• Toshiba Corporation
• Nidec Corporation
• Parker Hannifin Corporation
• Emerson Electric Co.
• Delta Electronics Inc.
• Danfoss A/S
• Rockwell Automation Inc.
• Bosch Rexroth AG
• Fanuc Corporation
• AMETEK Inc.
• WEG S.A.
• SEW-EURODRIVE GmbH & Co KG
• Yaskawa Electric Corporation
• Moog Inc.
• Fuji Electric Co. Ltd.
• Lenze SE
• Pilz GmbH & Co. KG
• Oriental Motor Co.Ltd.
• Nippon Pulse Motor Co. Ltd
What Is The Most Dominant Region In The Analog Servo Motors and Drives Market?
North America was the largest region in the analog servo motors and drives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the analog servo motors and drives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
