DC Servo Motors and Drives Market Share

APAC Market Statistics

By 2037, Asia Pacific DC servo motors and drives market is projected to account for around 43.2% revenue share. The market is growing in the region owing to the rapidly expanding population, thriving investments in energy-intensive industries, and a growing emphasis on improving motor control due to the increasing energy demand. According to the Climate Group, the region, which is home to more than half of the world's population, has grown to be a major economic force. By 2040, energy demand in some of these regions is expected to rise by as much as 80%.

The DC servo motors and drives market is expanding in China due to the increased focus on industrial automation across several industries. The International Federation of Robots stated that China has emerged as the world leader in automation. Industrial robot sales rose by 15-20% annually on average between 2018 and 2020. Furthermore, the industry outlook will be positively impacted by strict laws aimed at increasing energy consumption and efficiency and by the expansion of robots and industrial automation across various industries.

In India, there is a growing momentum in the industrial automation sector toward smart manufacturing and Industry 4.0. For instance, SAMARTH Udyog Bharat 4.0 is an Industry 4.0 effort of the Ministry of Heavy Industry & Public Enterprises, a program on the Enhancement of Competitiveness in the Indian Capital Goods Sector. This is accompanied by a rising demand for dependable and effective motor control solutions in energy-intensive industries, which will complement the industry landscape.

Europe Market Analysis

The DC servo motors and drives market will witness huge growth in Europe during the forecast period. The market is growing due to the increasing energy demand, the rise in production and development operations (particularly hydraulic fracturing), the decrease in reliance on coal reserves, and initiatives to promote renewable energy sources that includes solar and wind power. For instance, by 2050, the EU wants to achieve carbon neutrality through the European Carbon Law. A 32% binding minimum target for the proportion of renewable energy in the EU's gross final energy consumption by 2030 is also included in the amended Renewable Energy Directive. Also, in the UK, the increased automation in energy-intensive industries and the development of improved products and technologies to adapt to changing user needs will drive market growth.

Moreover, Germany serves as a manufacturing base for various products in numerous end use industries, including electronics, and the increasing demand for these products will support the adoption of these drives. Also, major businesses in the nation will invest heavily in manufacturing technology, accelerating market growth. According to the International Trade Administration, 84% of German businesses intend to invest USD 10.52 billion a year by 2025 in smart manufacturing technology, with the automobile sector accounting for approximately half of this amount.