Global Precision Electric Motors (Brushless) Market: Demand from Automotive Segment to Push the Market at 12.7% CAGR During 2014-2020
According to a recent research report released by Transparency Market Research, the global precision electric motors market is expected to be worth US$52.22 billion by 2020. The report, titled "Precision Electric Motors (Brushless) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" estimates the overall market to witness a positive growth at a CAGR of 12.7% during the period between 2014 and 2020. In 2013, the precision electric motors market was valued at US$22.69 billion.
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