Servo Drives Motors Market to Witness US $12.44 Bn Increase in Terms of Revenue by 2020
Boosted by the expanding automotive industry, the global servo drives and motors market is poised to exhibit 5.6% CAGR between 2014 and 2020. A recent report by Transparency Market Research has pegged the overall value of the global market for servo drives and motors at US$8.38 bn in 2013. The market, according to the findings of the report, is expected to reach US$12.44 bn by the end of 2020.The report is titled "Servo Drives and Motors Market – Global Industry...
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