The Servo Motors and Drives Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Servo Motors and Drives Market?
The global market for servo motors and drives has experienced robust growth recently. The market size is projected to increase from $16.26 billion in 2024 to $17.42 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Servo Motors and Drives Industry?
The Servo Motors and Drives Global Market is projected to reach a market size of $22.53 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.6%.
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What are the Key Growth Drivers Fueling the Servo Motors and Drives Market?
The key drivers in the servo motors and drives market are:
• Green and sustainable manufacturing practices
• Rising popularity of electric vehicles
• Growth in the e-commerce and logistics sectors
• The integration of servo systems in various industries
Global Market Segmentation: Identifying Major Servo Motors and Drives Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Servo Motors and Drives Market?
The key trends in the industrial display market are:
• The trend of green and sustainable manufacturing is shaping the future of Servo Motors and Drives Market.
• The popularity of electric vehicles is influencing the market trend.
• There is a growing integration of Industry 4.0 and edge computing in the market.
• The use and development of advanced motion control algorithms is becoming a significant trend.
Who Are the Top Competitors & Leading Players in the Servo Motors and Drives Market?
Major companies in the servo motors and drives market are:
• 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
Regional Dominance: Which Area Leads the Global Servo Motors and Drives Market?
Asia-Pacific was the largest region in the servo motors and drivers market in 2024
