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A $122 4 Billion Global Opportunity for Electric Motors by 2026 - New Research from StrategyR
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Flourishing Manufacturing Industry to Enable the Servo Drive Market Reach USD 9 31 Billion by 2027
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Servo Drive Market to Register 6 4% CAGR till 2027; Emerging Demand for Energy from Developing Countries to Stoke Market Growth: Fortune Business Insights™
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Servo Drive Market to Register 6 4% CAGR till 2027; Emerging Demand for Energy from Developing Countries to Stoke Market Growth: Fortune Business Insights™
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PORTLAND, Ore., Feb. 9, 2021 /PRNewswire/ Allied Market Research published a report, titled, Automotive Motors Market
by Type (DC brushed motors, Brushless DC motors, Stepper motors, and Traction motors), Vehicle Type (Two-wheelers, Electric Two-wheelers, Passenger cars, Light commercial vehicles (LCVs), Heavy commercial vehicles (HCVs), BEV, PHEV, and HEV), Function (Performance, Comfort & Convenience, and Safety & Security), Technology (PWM, DTC, and others), and by Application (Alternator, ETC, Electric parking break, Sun roof motor, Fuel pump motor, ECM, Wiper motor, Engine cooling fan, HVAC, VVT, EGR, Starter motor, Anti-lock brake system, EPS, PLG, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global automotive motors industry was estimated at $28.72 billion in 2019, and is anticipated to hit $36.66 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.