According to Verified Market Intelligence, the global Servo Motors and Drives Market was valued at USD 11.80 billion in 2017 and is projected to reach USD 18.92 billion by 2025, growing at a CAGR of 6.1% from 2018 to 2025.
Servo motors and drives are the machineries which is used in order to require precise position control. These are used for the purpose of automation of industrial processes. Servo Motors and Drives have application in the following sector: packaging machines, automobile manufacturing industries, food processing, health care industries, semiconductors, and robotics. Servo motors are further segmented on the basis on the technology into DC brushless, DC Brushed, AC motors, and linear servo motors. Similarly, servo drives are segmented into DC servo drives, AC servo drives and adjustable speed drives
The “Global Electronic Shelf Label Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Mitsubishi Electric Corporation, Danaher Corporation, ABB, FANUC FA, Siemens AG, Galil Motion Control, General Electric, Bosch Rexroth and Yaskawa Electric Corporation.. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.