Servo
Motors and Drives Market Trends, Statistics & Growth Forecast 2024- 2032

Servo
Motors and Drives Market is anticipated to register noticeable growth
through 2032 owing to their wide use in applications to control rotational
speed, position, and output torque. Servo motors are extremely diverse; they
run smoothly with low cogging and are comparatively compact with their torque
output.

Moreover, the rising installation
of highly energy-efficient devices across various industrial operations to
boost functionality will enhance the servo motors and drives industry outlook.
Besides, product benefits such as high efficiency, reliability, accuracy,
suitability for harsh environments, high acceleration, smooth running, small
size, noiseless operation, closed-loop control, high ratio of torque to inertia
and cost saving will most likely increase its penetration in the coming years.

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Key players operating in the
servo motors and drives industry are incorporating strategic initiatives such
as partnerships, mergers, acquisitions, and new product launches to strengthen
their foothold in the market. For instance, in January 2024, Mitsubishi
Electric India unveiled Mitsubishi Electric - Servo Motor Units, HG Series as a
Nano-control compatible servo motor that boosts smooth rotation and outstanding
acceleration capabilities. The product is well suited for several types of
machines.

Overall, the servo motors and
drives market is segmented in terms of category, drive, application and region.

By category, the analog servo
motors and drives system segment is estimated to register growth over 2024-2032.
Product benefits including fast response time, smooth, low-speed operation and
conjunction with permanent magnet DC motors will increase its adoption in the
coming future. In addition, analogue drives are used widely on medical and
metrology equipment, particularly in low-voltage applications.

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Based on the drive, the DC servo
motors and drives segment is estimated to register considerable growth by 2032.
Less inertia, versatile applications, rugged nature, and cost-efficiency are
key factors that are expected to increase its cognizance in the following
years.

Considering the application, the
oil and gas segment will witness sturdy growth owing to the rising investments
made by the industry players to maximize oil and gas production with efficient
and automated operations. In addition, different nations are conducting R&D
studies to explore and produce new conventional and unconventional hydrocarbon
reserves for the oil and gas industry, thus assisting the market expansion.

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Regionally, the Asia Pacific
servo motors and drives market is anticipated to register gains through 2032.
The regional market growth will benefit from the growing spending on research
and development projects to introduce improved technology units along with
surging investments in the expansion of manufacturing and process industries.

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