The global servo motors and drives market was valued at about US$ 9 Bn in 2014, and is expected to surpass US$ 12 Bn by the end of 2019. The servo motors and drives market is expected to grow at a CAGR of about 8% between 2019 and 2029, and is estimated to reach a global value of about US$ 28 Bn by the end of 2029.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2019-08-20
CTE source: https://ctemag.com/news/servo-motors-and-drives-sales-benefit-rising-factory-automation/
Legacy path: /servo-motors-and-drives-sales-benefit-rising-factory-automation