Market Overview
The global Servo Motors And Drives Market size was valued at USD 13.9 Billion in 2025 and is projected to reach USD 19.7 Billion by 2034. The market is expected to grow at a CAGR of 3.80% during the forecast period 2026-2034. Growth is driven by increasing demand for energy efficiency, rising adoption of automation and robotics, and technological advancements in the Industrial Internet of Things (IIoT).
Study Assumption Years
- Base Year: 2025
- Historical Year/Period: 2020-2025
- Forecast Year/Period: 2026-2034
Servo Motors And Drives Market Key Takeaways
- Market Size (2025): USD 13.9 Billion
- CAGR (2026-2034): 3.80%
- Forecast Period: 2026-2034
- Growing demand for energy efficiency to reduce operational costs and power consumption.
- Rising popularity of automation and robotics in multiple industries, such as manufacturing and logistics.
- Advancements in IIoT enabling real-time monitoring, predictive maintenance, and operational efficiency.
- Increasing adoption of servo systems in renewable energy production and other precision-required applications.
- Customization and adaptability of servo motors and drives supporting diverse industrial demands.
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Market Growth Factors
The growing need for energy efficiency is a major factor driving the servo motors and drives market. More and more industries are prioritizing the reduction of operational costs and power usage, which is pushing them to adopt energy-efficient servo solutions. These systems are crafted to deliver power exactly when it’s needed, helping to cut down on energy waste during idle times or low-load situations. Additionally, trends in sustainability and regulations are encouraging the use of energy-efficient motors that help lower carbon footprints and align with environmentally friendly practices.
Automation and robotics are becoming increasingly common in manufacturing, logistics, and warehousing, which is further propelling the servo motors and drives market. Servo motors play a vital role in robotics, providing the precision and responsiveness necessary for intricate tasks like pick-and-place, welding, and assembly. The booming e-commerce sector has also spiked the demand for automated solutions such as conveyor belts and automated guided vehicles (AGVs), which rely on servo systems for smooth operation.
Technological advancements linked to the Industrial Internet of Things (IIoT) and Industry 4.0 are fueling market growth by paving the way for smart manufacturing. Servo motors and drives that come with advanced sensors and communication features enhance connected manufacturing environments. These innovations allow for real-time data collection and analysis, making predictive maintenance possible and minimizing downtime. Remote monitoring capabilities boost operational efficiency and responsiveness to market and customer needs, thereby supporting the expansion of the market.
Market Segmentation
Product Type:
- Servo Motors: Largest segment globally, available as AC, DC, brushless, brushed, and linear types. AC motors offer speed and torque control; DC motors provide better low-speed torque; brushless motors are maintenance-free; linear motors provide linear motion for applications like semiconductor manufacturing.
- Servo Drives
Voltage Range:
- Low Voltage: Largest segment, designed to operate below 600 volts, suitable for moderate power applications with safety and easy integration. Commonly used in manufacturing, packaging, and material handling.
- Medium and High Voltage
System:
- Rotary System: Holds the largest market share, converts electrical signals into rotary motion for applications like conveyor belts, robotic arms, and CNC machinery, providing precise positioning and smooth continuous rotation.
- Linear System
Communication Protocol:
- Fieldbus: Dominates the market segment, enabling real-time data exchange between servo motors and controllers. Reduces wiring complexity, supports multi-device integration, diagnostics, and enhances troubleshooting.
- Industrial Ethernet
- Wireless
End Use Industry:
- Machine Tools: Largest share, covering equipment for milling, drilling, turning, and grinding. Servo motors ensure precision and efficiency in controlling critical machine components for complex manufacturing processes.
- Packaging
- Robotics
- Semiconductors
- Electronics
- Rubber and Plastics
- Others
Regional Insights
Asia Pacific dominates the servo motors and drives market, holding the largest share globally. This dominance is attributed to the rapid adoption of advanced manufacturing technologies and industrial automation in countries like Japan, China, and India. The region also benefits from increased demand for servo technologies in packaging and processing equipment, as well as growing interest in renewable energy sources and electric vehicles (EVs).
Recent Developments & News
In 2021, Siemens expanded its Sinamics S210 single-cable servo drive system by introducing the Simotics S-1FS2 servo motors targeting pharmaceutical and food industries. Yaskawa Electric Corporation launched the AC servo drives 18Sigma;-X Series 19 in 2021, a successor to the popular 18Sigma;-7 Series 19 enhancing motion performance and digital data solutions. Emerson introduced the new AVENTICS 1 Series Servo Profile Advanced (SPRA) electric actuators in 2022, offering precise rod-style cylinders with three screw technologies: precision ball screw, cost-effective lead screw, and roller screw.
Key Players
- Bosch Rexroth AG
- Delta Electronics, Inc.
- Emerson Electric Co.
- Fanuc Corporation
- Kollmorgen
- Mitsubishi Electric Corporation
- Nidec Corporation
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yaskawa Electric Corporation
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