Middle East & Africa Servo Motors and Drives Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The Middle East & Africa servo motors and drives market size is expected to reach US$ 1,085.42 million by 2031 from US$ 840.54 million in 2024. The market is estimated to record a CAGR of 3.6% from 2024 to 2031.

Executive Summary and Middle East & Africa Servo Motors and Drives Market Analysis:

The servo motors and drives market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The growing industrial manufacturing sector in the Middle East drives the demand for servo motors and drives among industrial machines and equipment manufacturers. According to the World Economic Forum data of August 2023, the Gulf Cooperation Council (GCC) has increased the adoption of advanced and automated technologies, such as artificial intelligence, conveyor systems, and robotics, to boost the productivity and efficiency of the manufacturing sector. Bahrain's manufacturing sector increased by 4.9% in 2022, the UAE's manufacturing production boosted by 8.7%, and Saudi Arabia's manufacturing activity increased by 18.5% in December 2022 as compared to 2021. Moreover, increased adoption of the industry 4.0 concept and government support toward the adoption of automation solutions is propelling the market. For instance, BFG International collaborated with the Bahrain Economic Development Board (Bahrain EDB) and Bahrain's Labour Fund Tamkeen on a regional first-of-its-kind industry 4.0 initiative. These initiatives encourage the adoption and development of automated solutions in factories, which creates demand for servo motors and drives. In the manufacturing sector, servo motors and drives are employed in automated assembly lines, robotics, conveyors, and other machines to ensure that operations run smoothly and efficiently by reducing equipment downtime.

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Middle East & Africa Servo Motors and Drives Market: Strategic Insights

Middle East & Africa Servo Motors and Drives Market Segmentation Analysis:

Key segments that contributed to the derivation of the Middle East & Africa servo motors and drives market analysis are component, product type, brake technology, and industry.

• Based on component, the Middle East & Africa servo motors and drives market is segmented into controller modules, electronic amplifiers, sensors, encoders, and other. The controller modules segment held the largest share of the market in 2024.

• By product type, the Middle East & Africa servo motors and drives market is bifurcated into servo motor and servo drive. The servo motor segment held a larger share of the market in 2024.

• Based on brake technology, the Middle East & Africa servo motors and drives market is segmented into permanent magnet, spring, and others. The permanent magnet segment held the largest share of the market in 2024.

• Based on industry, the Middle East & Africa servo motors and drives market is segmented into automotive and transportation, semiconductor and consumer electronics, food processing industry, textile industry, and others. The automotive and transportation segment held the largest share of the market in 2024.

Middle East & Africa Servo Motors and Drives Market Players Density: Understanding Its Impact on Business Dynamics

The Middle East & Africa Servo Motors and Drives Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Middle East & Africa Servo Motors and Drives Market Outlook

Servo motors and drives are used in industrial automation solutions to provide precise and dynamic control of the motion. They are most commonly used for handling and controlling tasks such as assembly line operations, packaging and labeling, sorting and inspection, process control, and others that need high levels of precision, torque, and speed control. These components are mainly used in applications that require precise motion control, such as CNC machines, conveyor systems, and robotic arms. The growing adoption and implementation of automation solutions among industries surge the adoption of servo motors and drives to control motion by enhanced product quality. These also support industries to ensure workers' safety in adverse environments by lowering process costs. Moreover, the rising adoption of automation solutions among industries such as robots, CNC machines, and conveyor systems is fueling the market. The robotics industry has grown significantly owing to the industrial shift to automation and the adoption of robots in factories. Industries are increasingly deploying robots to dangerous tasks perform dangerous and repetitive tasks that support factory workers to operate safely in hazardous environments. For instance, in 2023, Jenks and Cattell Engineering Limited invested ~US$ 2.53 million (£2 million) to introduce CNC machines for automating industrial processes. The investment in CNC technology supports Jenks and Cattell Engineering Limited to meet the growing need for high-performance servo motors and drives. Thus, the high demand for industrial automation solutions drives the servo motors and drives market.

Middle East & Africa Servo Motors and Drives Market Country Insights

Based on country, the Middle East & Africa servo motors and drives market comprises the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. The UAE held the largest share in 2024.

The servo motors and drives market in the UAE is projected to expand in the near future owing to the expanding manufacturing sector. For instance, according to the Emirates NBD Bank PJSC report of October 2023, the value of manufacturing operations in the country reached US$ 81.68 billion by 2031 due to favorable government support for expanding the manufacturing sector. The Ministry of Industry and Advanced Technology (MoIAT) has planned a 10-year strategy (from 2021 to 2031) to upgrade and develop manufacturing sectors. As manufacturing industries adopt automation and smart manufacturing practices, the demand for high-performance servo motors and precision drives is anticipated to rise. These components are critical for enhancing efficiency, productivity, and precision in manufacturing processes.

Middle East & Africa Servo Motors and Drives Market Company Profiles

Some of the key players operating in the market include ABB Ltd, Delta Electronics Inc, Fanuc Corp, Mitsubishi Electric Corp, Fuji Electric Co Ltd, Nidec Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Middle East & Africa Servo Motors and Drives Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.

• Industry trade journals and other relevant publications.

• Government documents, statistical databases, and market reports.

• News articles, press releases, and webcasts specific to companies operating in the market.

Note:

All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.

• Enhance the expertise and market understanding of the analysis team.

• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers

• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise