Precision Electric Motors Market: Demand from Automotive Segment to Push the Market at 12.7% Cagr by 2020, Globally
Global precision electric motors (brushless) market was valued at USD 25.45 billion in 2014, growing at a CAGR of 12.7% from 2014 to 2020. Precision electric motors (brushless) are basically the electric motors without any brushes to wear out. Precision electric motors are mainly used in speed control applications and are customized form of electric motors to offer precise output. Increasing demand for high performance motors, growing vehicle production globally and positive outlook of manufacturing industries are the major factors...
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