Servo Motors and Drives Market: An Exclusive Study on Upcoming Trends and Growth Opportunities
The increasing demand for smart manufacturing integrated with energy-efficient devices in the industrial sector is an important driver for the servo motors and drives market.
The global servo motors and drives market size will grow to USD 15.8 Billion by 2027 from USD 12.0 Billion in 2022, at a CAGR of 5.7% during the forecast period.
Key Market Players:
The servo motors and drives market...
Servo Motors and Drives Market to Hit $15.8 billion by 2027
According to a research report “Servo Motors and Drives Market by System (Linear, Rotary), Communication Type (Fieldbus, Industrial Ethernet, Wireless), Voltage (Low, Medium, High), Brake Technology, Material, Product Type, End-users, Offering and Region – Global Forecast to 2027″ published by MarketsandMarkets, the servo motors and drives market is expected to grow at a CAGR...
Innovation Changing the Face of Permanent Magnet Motor Market
New Revenue Pockets:
The global permanent magnet motor market is projected to reach USD 64.6 billion by 2026 from an estimated value of USD 41.2 billion in 2021, at a CAGR of 9.4% during the forecast period. Increasing demand for energy-efficient motors and growing implementation of permanent magnet motor in industries such as automotive are the key factors driving the permanent magnet motor market....
Permanent Magnet Motor Market to Touch $64.6 billion by 2026; Increasing Demand for Energy-efficient Motors to Boost Growth
According to the new market report “Permanent Magnet Motor Market by Type (PMAC, PMDC, and Brushless DC), Power Rating (Up to 25 kW, 25–100 kW, 100–300 kW, and 300 kW & Above), End-User (Industrial, Commercial & Residential), and Region – Global Forecast to 2026” The global permanent magnet motor market is projected to reach USD 64.6 billion by 2026 from an estimated...
Permanent Magnet Motor Market 2018: Global Market to Register a CAGR of 8.87% During 2018-2023
The permanent magnet motor market is estimated to grow at a CAGR of 8.87%, from 2018 to 2023, to reach a projected market size of USD 45.13 billion by 2023. A permanent magnet motor (consisting of a stator and a rotor having permanent magnets) is a machine in which its rotor spins in synchronization with the rotating internal magnetic field without incurring any excitation losses. Increasing demand...