From GlobeNewswire: 2025-01-17 10:00:00

The US Servo Motors and Drives Market is set to reach USD 29.22 billion by 2032, growing at a CAGR of 6.42% from 2024. Industry 4.0 and automation initiatives like IIJA and CHIPS Act are driving growth, with nearly 200 new manufacturing facilities announced and investments in semiconductor and clean technology doubling since 2021.

In 2023, digital systems led the servo motors market with a 55% share, driven by demand for advanced solutions. AC drives dominated with a 56% share due to their ability to manage high current spikes and noise reduction. Technological advancements and supportive policies are fueling market growth, with innovations like Kollmorgen’s EKM series AC servo motors.

Asia Pacific holds 38% of the global servo motors and drives market, driven by investments in manufacturing and R&D activities. North America saw the fastest growth in 2023, capturing 25% market share with initiatives in infrastructure, clean energy, and reshoring manufacturing. Leading companies like Rockwell Automation and Emerson are developing eco-friendly servo systems, positioning North America for continued growth. The Servo Motors and Drives Market report provides in-depth analysis including research methodology, market dynamics impact, statistical insights on adoption rates, investment data, production capacities, and customer preferences. The report also covers competitive landscape, market segmentation by category, drive, application, regional analysis, company profiles, and use cases. For more information, visit https://www.snsinsider.com/reports/servo-motors-and-drives-market-4413. Contact [email protected] for customization options. SNS Insider is a leading global market research and consulting agency, providing clients with current market data, consumer insights, and opinions to make informed decisions.



Read more at GlobeNewswire: Servo Motors and Drives Market to Reach USD 29.22 Billion