Asia Pacific Servo Drive Market Value is set to witness rapid growth on account rising adoption rates of energy efficient standards imposed by regulatory authorities coupled with increasing demand for automation across industries including oil & gas, semiconductor, metal forming and metal cutting among others. Industrialization in developing economies along with rise in investments toward infrastructural development will propel the market demand. Additionally, technological advancements coupled with favorable government initiatives is set to complement the business scenario.

AC drives will register high growth rate owing to its ability to operate under high current surge situations along with increasing adoption in heavy duty applications including industrial machinery. Growing need for energy efficiency, higher control over a network and wide application base are the key characteristics augmenting the product adoption. Furthermore, expanding commercial and infrastructural development sector and upsurge in adoption in heavy-duty areas will stimulate the market growth.

Digital drives will undergo rapid growth on account of its efficient control response, enhanced holding power, increase acceleration and constant torque through the servo travel. Utilization in algorithms to forecast system conditions and analyze the incoming signals further provides lucrative opportunities for market players.

Low voltage servo drives are set to grow rapidly owing to the stringent government regulations toward energy efficiency coupled with advances in existing technological features by small and medium enterprises. Additionally, increasing adoption rate of low voltage drives owing to the its compact size across industry domains and small-scale utilities will positively impact the business scenario.

China will witness growth owing to the increasing industrialization along with major commercial overhaul. A robust service sector, growing urbanization, and a flourishing manufacturing sector are few key factors contributing toward the business landscape. Favorable government norms in the country enable manufacturers to invest heavily towards product development in turn inducing demand in the market. Additionally, growing technological advancements along with growing application base are few of the paramount factors encouraging the product adoption.

Major players in the market are targeting mergers and acquisition as a strategy in order to acquire great market share. Key players in the market in the servo drive market are Siemens, Mitsubishi Electric Corporation, Schneider Electric, Fuji Electric, Yaskawa Electric Corporation, ABB, Toshiba Corporation, Hitachi, Danfoss and Kinco Automation among others.