Servo Drives and Motors Market - Global Industry Size, Share, Growth, Trends and Forecast for 2020
Global servo drives and motors market was valued at USD 8.96 billion in 2014, growing at a CAGR of 5.6% from 2014 to 2020. Servo motors are defined as an automatic device that utilizes an error-correction routine to correct its motion. Servo drives add the position control to the motor by adding feedback devices such as encoders. The precise position of the motor's rotor can be attained with the help of feedback device, thus, the number of revolutions could be...
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