Servo Motors and Drives Market reached USD 13386 million in 2019 and will increase at 3.7% till 2027 | Size, Share & Report

The Servo Motors and Drives Market was estimated around USD 13386 million in 2019 and is predicted to grow at a CAGR of of 3.7% during the forecast period (2020-2027).
The factors driving the growth of Servo Motors and Drives Market includes growing demand for smartphones, home appliances and smart devices, rising popularity of hybrid and electric vehicles, environment regulations imposed by Governments promoting the adoption of servo motors and drives and trending shift towards automation and robotics.

For more info:
https://www.marketwatch.com/press-release/servo-motors-and-drives-market-reached-usd-13386-million-in-2019-and-will-increase-at-37-till-2027-size-share-report-2022-09-26
 

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