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According to Fortune Business Insights™, the global AC servo motors and drives market size stood at USD 6.80 billion in 2019 and is projected to reach USD 10.79 billion by 2027, growing at a CAGR of 12.00% from 2020 to 2027. This remarkable growth is primarily driven by the increasing adoption of industrial robots and smart machinery, which are fueling demand for advanced AC servo systems globally.
An AC servo system—comprising AC servo motors and drives—is a closed-loop control system that uses real-time position feedback to regulate speed, motion, and final machine positioning. The AC servo drive, functioning as an electric amplifier, precisely controls the motor. These systems are increasingly adopted across industrial manufacturing for developing highly automated machinery with closed-loop feedback. Key benefits include superior stability, reduced sensitivity to parameter variations, and enhanced overall performance.
The global AC servo motors and drives market is consolidated, with leading players making significant investments in innovation, expansion, and strategic collaborations to strengthen their market positions.
Source: https://www.fortunebusinessinsights.com/ac-servo-motor-market-103513