AC Servomotors Market By Type (Less than 2KW, 2KW-5KW, More than 5KW), By Application (Machine Tools, Packaging Applications, Textile, Electronic Equipment, Other), By End User (Automotive, Food Processing, Aerospace and Defense, Healthcare, Others), By Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global Forecast 2022 to 2031

One of the key factors in the market is the rising demand for AC servomotors from the automotive, food processing, aerospace and defence, healthcare, and other end-user industries. The market is also being driven by the growing use of AC Servomotors in a variety of industries, including machine tools, packaging, textiles, and electronic equipment. Additionally, the growing automation testing of industrial processes is giving the market a chance to expand.

The increasing demand from numerous industries, including the automotive, food processing, aerospace and defence, healthcare, and other end users, is what is driving the need for AC Servomotors. The market is also being driven by the growing use of AC servomotors in various applications. Additionally, the growing automation of industrial processes is giving the market a chance to expand.

Numerous benefits, including greater productivity, enhanced precision and repeatability, less energy usage, and increased lifespan, are provided by the AC Servomotors Market. In addition, AC servomotors are perfect for demanding environments due to their durable design and vibration resistance. Furthermore, AC servomotors are superior to other motors due to the utilization of cutting-edge technology, offering superior performance and features at a lower price.

AC A mechanical system or component's speed and position can be controlled using servomotors, an advanced sort of servo motor. Due to their high power density, low noise levels, and capacity to operate at low speeds with high torque, these motors provide higher performance, accuracy, and repeatability than other types of motors. Many different industries, including automotive, food processing, aerospace and defence, healthcare, and other end users, use AC Servomotors.

At a CAGR of 5.72% between 2021 and 2031, the AC Servomotors Market is anticipated to increase from USD 9.02 billion in 2021 to USD 14.14 billion by 2031.

The rising demand for AC servomotors from end users in the automotive, food processing, aerospace and defence, healthcare, and other industries is responsible for the expansion of this market. Moreover, the market is expanding due to the increasing use of AC servomotors in various applications.

The high cost of AC servomotors is one of the key market constraints. Additionally, the lack of knowledge and comprehension among end consumers may also impede the market's expansion. However, the market is anticipated to experience fresh growth due to technological developments in AC servomotors and rising demand from numerous end-user sectors.

Siemens AG (Germany), ABB Ltd. (Switzerland), Yaskawa Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.), Kollmorgen Corporation (U.S.), Schneider Electric SE (France), Nidec Corporation (Japan), Oriental Motor Co., Ltd. (Japan), Allied Motion Technologies Inc. (U.S.), and Maxon Precision Motors, Inc. are some of the leading market participants for AC Servomotors (Switzerland). To grow their market share in the AC Servomotors Market, these key players are concentrating on methods like new launches, product developments, partnerships, and collaborations.

Segment Analysis

The >5KW segment forms a major portion of the market

Over the projected period, the category with more than 5KW is anticipated to increase at the highest rate. This is due to its great power density, low noise output, and capacity to operate at low speeds while producing a lot of torque. Additionally, these-sized AC servomotors are employed in a number of sectors, including the automotive, food processing, and aerospace & defence industries.

Packaging Application segment to be on top of the market

The packaging applications sector is predicted to grow at the fastest rate throughout the projection period. This can be ascribed to the rising use of automation in packing applications, which AC servomotors are ideal for because of their high power density, low noise output, and capacity to operate at low speeds while producing high torque. Additionally, AC servomotors have a long lifespan and are sturdy, which makes them perfect for usage in challenging circumstances.

Asia Pacific to dominate the market

Over the course of the projection period, Asia-Pacific is anticipated to experience the fastest growth. This may be ascribed to elements including escalating industrialisation, rising end-user industry needs, and improving economic circumstances in nations like China and India. Additionally, the demand for AC Servomotors in this area is anticipated to expand significantly over the course of the projected period as automation is increasingly being adopted in a variety of industries.

Covid-19 Impact & Market Status

The COVID-19 pandemic had a negative impact on the AC Servomotors market because lockdowns and supply chain disruptions caused production and operations of various industrial items to be disrupted. However, with a number of nations reducing their lockdown regulations, a resurgence in the sector is anticipated in 2021. Governments are also offering a variety of Tax breaks and stimulus plans for the manufacturing industry are anticipated to further accelerate market expansion over the course of the projected period.

Latest Innovations in the Global AC Servomotors Market: A Snapshot

• In August 2020, Siemens AG unveiled a new line of AC Servomotors intended for use in applications like pumps and fans that automate processes.

• New digital solutions for servo products were introduced by ABB Ltd. in March 2020 in order to increase predictive maintenance and speed up servicing operations.

• Yaskawa Electric Corporation introduced a new line of AC servomotors for use in semiconductor production in December 2019.

• To enable higher network performance, Kollmorgen Corporation unveiled a new generation of synchronous AC Servomotors in October 2019. These motors include an integrated EtherNet/IP connection.

• Schneider Electric SE introduced low-power AC Servomotors for the solar and wind energy sectors in July 2019.

• Nidec Corporation introduced a new line of AC servomotors in June 2019 that have greater speed accuracy and quicker response times. Due to these advancements, businesses are now able to provide sophisticated AC Servomotors for usage in a variety of industrial applications.

AC Servomotors Market Scope

Key Segment of Global AC Servomotors Market

By Type Overview 2021-2031, (USD Billion)
    • Less than 2KW
    • 2KW-5KW
    • More than 5KW

By Application Overview 2021-2031, (USD Billion)
    • Machine Tools
    • Packaging Applications
    • Textile
    • Electronic Equipment
    • Other

By Region Overview 2021-2031, (USD Billion)

North America 
    • USA 
    • Canada 

Asia Pacific
    • China 
    • India 
    • Japan 
    • Rest of Asia Pacific 

South America 
    • Mexico 
    • Brazil 
    • Rest of North America 

Europe 
    • Germany 
    • France 
    • UK 
    • Rest of Europe 

Middle East and Africa