May 2025 | MarketsGlob Press Release | The global AC Servo Motor Market reached USD 15,243.27 million in 2024, according to a recent report by MarketsGlob. The market is expected to grow steadily and reach USD 23,687.84 million by 2031, expanding at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2025 to 2031.
Key Industry Developments
Mitsubishi Electric and Movensys Form Strategic Alliance
In May 2024, Mitsubishi Electric teamed up with Movensys Co., Ltd. to strengthen their position in the AC servo and motion control sector. The goal is to combine Movensys’s motion control software with Mitsubishi’s hardware. This move will help them offer complete automation solutions.
Yaskawa Launches AI-Driven Maintenance Tool
Yaskawa Electric introduced a predictive maintenance system for servo motors in March 2024. The new system uses AI to track motor health in real time. It helps reduce machine downtime and improve factory productivity.
Siemens and Rolls-Royce Team Up for Marine Tech
In October 2024, Siemens announced a partnership with Rolls-Royce. They plan to use AC servomotor systems to improve marine propulsion. The focus is on cutting fuel use and emissions, making marine transport more efficient.
Rockwell and Schneider Electric Form Joint Venture
In September 2024, Rockwell Automation and Schneider Electric formed a joint venture to create smart manufacturing solutions. The project combines Rockwell’s motion systems and Schneider’s energy tech. The aim is to reduce energy use and boost factory automation.
ABB Acquires Motion Control Software Firm
ABB Ltd. made a new acquisition in May 2024, buying a company that specializes in motion control software. This will help ABB improve its servo systems with new features and better automation. The step supports ABB’s larger goals in Industry 4.0 and digital growth.
Leading Companies in the Market
The report lists major global players, including:
Yaskawa, Mitsubishi, Fanuc, Siemens, Rockwell, ABB, Rexroth (Bosch), Panasonic, Nidec, Delta, SANYO DENKI, Teco, Schneider, Moog, Oriental Motor, Parker Hannifin, HNC, Kollmorgen, Lenze, Toshiba, Beckhoff, GSK, Inovance, LS Mecapion, Infranor, Tamagawa, LTI Motion, and others.
These companies are focusing on innovation, partnerships, and regional expansion to grow their market share.
Market Segmentation
Power Output:
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Less than 2KW
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2KW–5KW
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More than 5KW
Application:
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Machine Tools
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Packaging
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Textile
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Electronic Equipment
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Others
Sales Channel:
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Direct Channel
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Distribution Channel
Regional Outlook
The market is growing across key regions:
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North America (United States, Canada, Mexico)
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Europe (Germany, UK, France, Italy, Russia, Spain, and others)
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Asia-Pacific (China, Japan, India, Southeast Asia, Australia, and more)
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South America (Brazil, Argentina, Colombia, and others)
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Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, and more)
Asia-Pacific is expected to hold a major share due to rapid industrial growth and automation in countries like China, Japan, and India.
The AC Servo Motor Market is seeing strong demand due to the rise of smart factories and automation. Key players are focusing on AI technologies, joint ventures, and strategic deals to stay ahead. With innovation and partnerships leading the way, the market is set for steady growth in the years to come.
