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servo motors and drives market
The servo motors and drives market is classified by type: AC servo motor/drive, DC servo motor/drive, brushless DC motor. Market size, share and growth covered.
The Servo Motors and Drives Market is estimated to grow at a steady pace during the forecast period. The prime factors propelling the growth of the Servo Motors and Drives Market are the rising adoption of renewable energy sources, and the growing use of traction locomotives.
The servo motors and drives market is expected to see a CAGR of 6.01% due to the increased adoption of automation across many industries.
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