Servo Motors and Drives Market Size will Escalate Rapidly in the Near Future - MarketsandMarkets Blog - 0 views
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Almira Coyne on 24 Sep 21The global Servo Motors and Drives Market is projected to grow from USD 13.9 billion in 2020 to USD 16.8 billion by 2025; it is expected to grow at a CAGR of 4.0% from 2020 to 2025. The key factors fueling the growth of this market include the growing automation in factories, rising adoption of international standards for motor efficiency, development of user-friendly motion control libraries and packages for Motors and drives, and increasing production of vehicles.