Servo Drives and Motors Market Size, Share, Growth, and Industry Analysis, By Type (DC Servo Motors and AC Servo Motors), By Application (machine tools, packaging applications, textile, robots and others) and Regional Forecast to 2033

SERVO DRIVES AND MOTORS MARKET REPORT OVERVIEW

The global Servo Drives and Motors Market is poised for significant growth, starting at USD 13.56 billion in 2024, rising to USD 14.11 billion in 2025, and projected to reach USD 19.46 billion by 2033, with a CAGR of 4.1% from 2025 to 2033.

The global servo motors and drives market is a key component of industrial automation, providing precision and control in various applications. Servo motors, coupled with advanced drives, deliver high-performance motion control solutions, ensuring accuracy and efficiency in manufacturing processes. This market's growth is propelled by the increasing adoption of automation across industries, driving demand for precise and dynamic motion control systems. Technological advancements, such as the integration of smart features and energy-efficient solutions, further contribute to the market's expansion. The servo motors and drives market plays a pivotal role in enhancing productivity, quality, and flexibility in modern automated systems worldwide.

COVID-19 Impact

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic threw a wrench into the gears of servo drives and motors market growth, putting a damper on distribution system due to disruptions in the supply chain. The way things are usually made and moved around faced a lot of challenges, affecting the smooth functioning of distribution system. With factories closing down or slowing production and difficulties in transporting goods, the usual flow of things got disrupted. This had a direct impact on the growth of the market, slowing down the pace at which distribution system could expand or improve. While the hope is that as the situation improves, the market will recover, the immediate impact of the pandemic has been a roadblock for distribution systems.

LATEST TRENDS

Integration of Advanced Communication Protocols And Demand For Lightweight Servo Motors to Propel Market Growth

The servo motors and drives market share is witnessing significant growth driven by industry trends. The integration of advanced communication protocols, such as EtherCAT and SERCOS, enhances real-time communication and precision control in servo systems. The demand for compact and lightweight servo motors is rising, promoting the development of high-power density designs to meet space-constrained applications. Industry 4.0's influence is evident through the growing adoption of smart servo drives equipped with IoT capabilities for remote monitoring and predictive maintenance. As automation continues to evolve, the servo motors and drives market is poised for innovations that improve performance, connectivity, and environmental impact.

SERVO DRIVES AND MOTORS MARKET SEGMENTATION

By Type

Based on type the market can be categorized into DC Servo Motors and AC Servo Motors.

• DC Servo Motors: DC servo motors operate on the principle of a DC electrical supply. They typically consist of a DC motor, a feedback device (such as an encoder), and a control circuit. DC servo motors are often used with PID (Proportional-Integral-Derivative) controllers to achieve precise and responsive control. DC servo motors are commonly found in applications where quick and precise control of speed and position is required, such as robotics, CNC machinery, and automation systems.

• AC Servo Motors: AC servo motors are designed to be powered by an AC electrical supply. They also include a feedback device for accurate control. AC servo systems utilize advanced control algorithms, often in combination with digital signal processors, for precise and high-performance control. AC servo motors are widely used in applications requiring high-performance motion control, such as industrial robots, CNC machining, printing presses, and other automated systems.

By Application

Based on application the market can be categorized into machine tools, packaging applications, textile, robots and others.

• Machine Tools: Servo motors are extensively used in CNC (Computer Numerical Control) machining centers to control the movement of the cutting tools with high precision. Servo motors play a crucial role in controlling the movement of the cutting tools in lathes and milling machines.

• Packaging Applications: Servo motors are used in conveyor systems for precise control of speed and position, improving the accuracy of packaging processes. Servo systems provide the necessary control for accurate labeling and positioning of labels on packaging.

• Textile: Servo motors play a role in controlling the winding and unwinding processes in spinning machines.

• Robots: Servo motors are the backbone of industrial robots, providing precise control over the movement of robotic arms and end-effectors.

• Others: Servo systems contribute to precise paper handling, ink application, and print registration in high-speed printing presses. Servo motors are used in medical equipment such as robotic surgery systems and diagnostic machines for precise movements and positioning..

DRIVING FACTORS

Precision and Efficiency in Manufacturing to Drive the Market Growth

Industries such as automotive, electronics, and aerospace demand high precision and efficiency in manufacturing processes. Servo motors and drives provide the required level of accuracy and responsiveness, making them essential for applications like CNC machining, 3D printing, and semiconductor manufacturing.

Energy Efficiency and Sustainability to Propel the Market Growth

Servo motor and drive systems are designed to be energy-efficient, contributing to sustainability efforts in industries. Energy-efficient solutions are in high demand due to increasing awareness of environmental concerns and the need to reduce operational costs.

RESTRAINING FACTOR

Complex Installation And Maintenance to Hinder Market Growth

Servo motors and drives, being complex components, necessitate specialized expertise for installation and maintenance. Companies lacking in-house knowledge face challenges in sourcing external contractors with the required skills. The intricate nature of servo systems demands precise technical know-how; errors during installation or maintenance, stemming from inadequate knowledge, may result in operational issues or equipment failure, underscoring the critical need for qualified professionals in ensuring optimal performance and longevity.

SERVO DRIVES AND MOTORS MARKET REGIONAL INSIGHTS

Asia Pacific to Dominate the Market due to Surge In Oil And Gas Refineries

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa. In the forecast period, the Asia-Pacific region is poised to dominate the servo motors and drives market, primarily driven by a surge in oil and gas refineries to meet escalating energy demands. The imperative for power-efficient voltage systems, essential for supporting industrialization, urbanization, and population expansion in nations like China and India, is anticipated to propel market growth. The region's increasing demand for goods and services across diverse industries further contributes to the robust expansion of the servo motors and drives market, positioning Asia-Pacific as a key player in the global landscape.

KEY INDUSTRY PLAYERS

Key Players Transforming the Servo Motors and Drives market through Innovation and Global Strategy

Major industry players are pivotal in shaping the servo motors and drives market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. These industry players contribute to the market's growth by continually advancing servo motor and drive technologies, meeting the increasing demand for automation in various sectors, from manufacturing to robotics and beyond.

List of Market Players Profiled

• ABB (Asea Brown Boveri) (Switzerland)
• Fanuc (Japan)
• Siemens (Germany)
• Yaskawa Electric Corporation (Japan)
• Mitsubishi Electric (Japan)
• Panasonic Corporation (Japan)
• Delta Electronics (Taiwan)
• Schneider Electric (France)
• Toshiba Corporation (Japan)
• Hitachi, Ltd. (Japan)
• HNC Electric Co., Ltd. (China)

INDUSTRIAL DEVELOPMENT

April, 2021: Siemens has unveiled new servo motors within its Sinamics S210 single cable servo drive system, designed for diverse applications with a focus on the pharmaceutical and food industries. These motors enhance precision control and efficiency in machinery, catering to the stringent requirements of these sectors. With Siemens' commitment to innovation, the new servo motors address the specific needs of these industries, ensuring reliability, hygiene, and adaptability. The Sinamics S210 system continues to deliver high-performance solutions, promoting seamless integration and advanced automation capabilities for critical processes in pharmaceutical and food production.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years.

The servo drives and motors market is witnessing significant growth, with the Asia-Pacific region expected to lead during the forecast period. The proliferation of oil and gas refineries to address escalating energy demands, coupled with the imperative for power-efficient voltage systems to support industrialization in countries like China and India, are pivotal factors driving this dominance. The market's trajectory is further influenced by the rising demand for goods and services across diverse industries in the region. However, challenges such as high initial costs, complexity in integration, and the need for a skilled workforce may impede market expansion. As industries increasingly embrace automation, the servo motors and drives market is poised for sustained growth, necessitating strategic measures to address challenges and leverage opportunities in this dynamic and evolving landscape.