Global Integrated Servo Motor Market - Forecast(2021 - 2026)
Integrated Servo Motor Market Overview The global Integrated Servo Motor Market is estimated to surpass $4.1 billion mark by 2026 growing at an estimated CAGR of more than 9.2% during the forecast period 2021 to 2026. Integrated Servo Motor is a flexible solution ideal for large machines or for machines with limited space for the cabinet. Integrated servo motors are constructed to include a motor, driver, rotary actuator, encoder and associated electronics into a single compact package. The major driving factor for global integrated servo motor market is the rapid advancement and adaption of the automated manufacturing. Key factors fueling the growth of this market include the growing automation in factories, rising adoption of international standards for motor efficiency, development of user-friendly motion control libraries and packages for motors and drives, and increasing production of vehicles. Report Coverage The report: “Integrated Servo Motor Market– Forecast (2021-2026)”,