Servo Motors Drives Market Key Participants Mitsubishi Electric Corporation, Danaher Corporation, ABB, FANUC FA, Siemens AG
Automation in industrial processes has resulted in high throughput, less cost, low errors and less man-power requirement. Thus the automation market has grown leaps and bounds in recent times. Servo motors and drives serve the purpose of automation and thus servo motor market has seen a high growth rate. Technological advancements in servo systems have further led to increased end-user interest.
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