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Global Digital Servo Press Market Report, Share, Size, Trends, and Forecast to 2028

Global Digital Servo Press Market, By Motor Type (Positional Rotation, Continuous Rotation, and Linear); By Type Less than 100KN, 100KN – 200KN, and more than 200KN); By Application (Automotive Industry, Motor and Electronic Industry, Aerospace Industry, and Others) and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2030.

Frequently Asked Questions (FAQ):

The components of a digital servo press are the same as those of a high-end actuator. However, it does have a controller, signal amplifiers, active motor cooling, and dedicated software for open closed-loop position and force control. Depending on the model, the press’s drive and mechanism differ.

The global digital servo press market is expected to reach USD 1.48 billion in 2030 with a growth rate of 5.43% during the forecast period, 2022-2030. It was valued at USD 1.01 billion in 2022.

As the automobile industry recognizes the benefits of this new technology, it is one of the key drivers of increased demand for servo presses. End-users have been forced to shift to servo presses by the evolution of high-strength steels and advanced materials and the necessity of producing parts that meet shape and tolerance requirements in the automotive and other industries, which are major factors driving the digital servo press market.

High initial costs and the requirement for skilled professionals in the forecasted Years are predicted to create an obstacle to the growth of the global market over the forecasted period by 2030.

The Asia Pacific region is expected to gain a significant share in Digital Servo Press Market and continue this growth rate.

ABB Ltd., Badger Meter, Inc., Emerson Electric Co., Endress+Hauser AG, General Electric Co., Honeywell International Inc., Krohne Messtechnik GmbH, McCrometer, Inc., Omega Engineering Inc., Siemens AG, Toshiba Corporation, Yokogawa Electric Corp, Other prominent players.

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