Servo Motor Market Summary
The global servo motor market size was estimated at USD 13.52 billion in 2024 and is projected to reach USD 20.13 billion by 2030, growing at a CAGR of 6.9% from 2025 to 2030. The growth of this market is primarily fueled by the rising adoption of process automation, the increasing focus of industries on implementing energy-efficient solutions, and the...
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