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CHICAGO, Jan. 27, 2021 /PRNewswire/ In-depth analysis and data-driven insights on the impact of COVID-19 included in this global servo motors and drives market report.
The servo motors and drives market is expected to grow at a CAGR of over 5% during the period 2020-2026.
Key Highlights Offered in the Report:
Japan, Germany, and the US are the major countries creating demand for servo motors and drives as these countries have higher manufacturing in major end-user industries such as machine tools, robotics, and automated tools.
Increased capital investment in developing countries is expected to allow vendors to invest further in plant expansion and upgradation of manufacturing plants along with investments in automation.