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The European digital servo motors and drives market size was valued at USD 1.6 billion in 2023 and is expected to grow at a CAGR of 7.3% from 2024 to 2032. Significant increase in demand for energy-efficient systems and the introduction of strict energy consumption regulations will improve the business environment. The increasing penetration of energy-efficient systems and stringent requirements for improving energy efficiency in industrial processes will have a positive impact on the business outlook.
Growing investment in infrastructure construction is driving demand for advanced motor control systems that optimise energy production, enable precise motor speed control, improve process control and automation, thereby improving business prospects. For example, in July 2024, the European Commission published the sixth investment package under the EU Economic and Investment Plan for the Western Balkans, which is expected to attract USD 1.34 billion (EUR 1.2 billion) in investment. The programme will support eight new flagship initiatives in the areas of water and sanitation, wastewater treatment, rail transport, and innovation and green transformation for SMEs.
The European digital servo motor and drive industry is expected to show significant growth due to advances in industrial automation technology and strict government regulations aimed at ensuring environmental sustainability. The continuous expansion of intelligent manufacturing and support for industrial development policies will improve the industry situation.
For example, in July 2024, the European Bank for Reconstruction and Development and the European Union launched a joint fund for investments in raw materials exploration. The $111 million program aims to support the EU’s green and digital transformation, develop sustainable projects, and ensure industrial inputs are supplied in line with EU standards. Moreover, the growing adoption of IIoT and increased focus on technological advances to optimize systems and improve energy efficiency will have a positive impact on business dynamics.
The AC drives market is expected to grow to over $2.3 billion by 2032. The widespread adoption of automation in industrial processes and the paradigm shift towards smart manufacturing practices that prioritize increased productivity and reliability are driving the need for precise and powerful control systems. The growing trend towards increased energy efficiency, reduced mechanical wear on motors and equipment, and improved control in various industrial applications will expand the landscape of the AC servo motor and drives industry.
The metal cutting and forming segment is set to grow at a CAGR of over 6% through 2032. Growing demand for lightweight and high-strength metals in the aerospace and automotive industries, coupled with accelerating investment in industrial development, is positively impacting the industry’s outlook. Growing adoption of intelligent and advanced manufacturing processes that require specialized metal forming and cutting to ensure precise dimensions and finishes will drive demand for products. Integration of automation improves product quality and reduces output time, reduces risks in metal cutting, and increases operational flexibility through precise angular movements, resulting in faster product release.
By 2032, the German market for digital servo motors and drives will be worth more than $500 million. Increased industrial automation, a focus on increased productivity and operational flexibility, and the introduction of digital systems will complement the business landscape. Supportive policies adopted by the relevant departments to promote industrial development and the implementation of Industry 4.0 will improve the situation in the industry. For example, in April 2024, the European Commission approved a $2.6 billion plan to promote industrial decarbonization across Germany. The scheme, approved under the Temporary Crisis and Transitional Framework for State Aid, supports the industrial Green Deal program, which aims to accelerate the transition to cleaner industrial methods.
The major players in the European market are ABB, Fuji Electric, Mitsubishi Electric, Siemens, Rockwell Automation and Yaskawa Electric, which account for a significant market share. These companies are actively developing strategic partnerships, collaborations and mergers to strengthen their presence in the market. In addition, these manufacturers are investing in innovative products and expanding production capacities, thereby stimulating the overall growth of the industry.
Post time: Feb-08-2025